n nn nn Cashaa is on a mission to bank the unbanked and wants to leverage Bitcoin to accomplish it.Bitcoin has long been touted as a way that anyone can be your own bank. But such promises can be misleading Although bitcoin itself provides some opportunities for individuals and businesses to manage their own money in ways that are not possible with fiat, it doesnt provide access to the full suite of services that a traditional bank provides.Cashaa was launched in
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Fidelitys Man Can Tom Jessop Bridge Crypto and Wall Street for Good
CoinDesk profiles Fidelity’s Tom Jessop, who is leading the firm’s effort to link the worlds of digital assets and Wall Street.
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Can Crypto Credit Cards Bridge the Two Financial Realms?
To the dismay of decentralists, the relationship between traditional institutions and the crypto world has always been one-sided, with the former group consistently having the upper hand over the latter. However, with the arrival of crypto-backed debit and credit cards, some are claiming that the tables are poised to turn.
Crypto.com, Changelly Take On Cryptocurrency And Fiat Worlds Simultaneously
On Monday, Prague-based Changelly, a popular “instant” cryptocurrency exchange, recently revealed that entered a strategic partnership with Simplex, a global fintech payment processor, to offer fiat-to-crypto support for Ripple’s XRP. Now, users of the international platform will be able to purchase XRP with their credit card. This near-instant service doesn’t come cheap, however, as the two partners reportedly charge 10% per fiat transaction — essentially an arm and a leg.
Big news for #Ripple fans! You can seamlessly buy $XRP on Changelly via our partner @SimplexCC from now on.
Give it a shothttps://t.co/ETBVJSIj2y@Ripple @RippleFeed #XRP #simplex #cryptocurrency #blockchain pic.twitter.com/IKOmiXY2Gx
— Changelly.com (@Changelly_team) October 22, 2018
Regardless, many investors, specifically XRP advocates, welcomed the move with open arms, as viable fiat on-ramps are few and far between. Still, due to the lack of fiat off-ramps, many consumers were left asking — when can we finally start using crypto assets in our day-to-day?
In early-September, NewsBTC reported that Hong Kong-based Crypto.com, formerly known as Monaco, was slated to launch its Visa card program to upwards of 100,000 consumers worldwide. The program, which allows users to use Bitcoin, Ethereum, Litecoin, Monaco, and Binance Coin to purchase real-world items in U.S., Singapore, and Hong Kong dollars, was set to launch in Singapore, before expanding across the globe.
Now, after months of development and rumored beta tests, Crypto.com has revealed that it will be shipping MCO Visa Cards to clients in Singapore.
Today is the day! MCO Visa Cards begin shipping in #Singapore – the world's first metal card with crypto cashback, airport lounge access, perfect interbank exchange rates and much more! Full details here – https://t.co/DsAYzLp8Cy #cryptocurrencyineverywallet pic.twitter.com/ApX0a95Ilp
— Crypto.com (@cryptocom) October 22, 2018
The program, which offers crypto cashback, travel benefits, free ATM withdrawals, and tap-to-pay functionality, somehow comes in at a staggering , which is likely a price point that had (and still has) consumers clamoring. Kris Marszalek, co-founder and CEO of Crypto.com, expressed his excitement for his firm’s foray into the crypto-friendly city-state of Singapore, stating:
“We are thankful for the support of all our partners and our community. During this process, our team has grown tremendously and worked incredibly hard to achieve this milestone.”
Marszalek later added that the launch of the MCO card program is an “important step” forwards in the startup’s mission and ambition to accelerate the global adoption of crypto assets.
Sadly, no details were revealed pertaining to the global roll-out of the card program, but it is likely that Crypto.com’s top brass is eyeing the Hong Kong market, which is widely regarded as a cryptocurrency and blockchain capital of the world.
Crypto-backed Cards Could Be The Future
The allure of blockchain-based assets has always been that eventually, individuals will be able to disconnect themselves from centralized intermediaries, which hamper the consumer experience in terms of cost and efficiency. While this decentralist utopia is undoubtedly on the cards, as it stands, this industry is lacking the infrastructure required to fully separate itself from the traditional banking world.
Save for Bitcoin ATMs and peer-to-peer trades, which is essentially as decentralized as fiat-to-crypto transactions get, fiat-supported exchanges aren’t much better than the banks that hold their funds. And unfortunately, the issue is much worse on the other side of the equation, as crypto-to-fiat transactions are cumbersome, slow, and require intervention from a number of traditional institutions.
But, what the cards from startups, such as Crypto.com and Revolut, are trying to do is to solve the latter dilemma. Through partnerships, innovation, and pure, unbridled talent, these startups are starting to revolutionize how consumers interact with fiat and cryptocurrency simultaneously, bypassing issues that still make decentralists wince.
While Crypto.com’s MCO Visa, or Revolut’s Metal, isn’t decentralization at its peak, these two programs are important steps towards a society where cryptocurrencies aren’t stigmatized assets.
Featured Image from Shutterstock
The post Can Crypto Credit Cards Bridge the Two Financial Realms? appeared first on NewsBTC.
Unibright: The Bridge to Integrating Blockchain
Blockchain has proven to be a hard concept for many who are looking to incorporate it into their system. Being the new technology in town, Blockchain applications are in high demand all across the globe. To help companies easily integrate blockchain into their systems, Unibright has created a working framework that is easier to use. Unibright’s 20+ years of experience have helped them acknowledge the problems faced by companies when adopting the technology.
Unibright’s framework can be used by anyone, be it tech giants, consulting companies, enterprises and blockchain companies or even small and medium enterprises. The platform has connected different institutions by co-hosting public events with Microsoft, Zuhlke, and Lufthansa. They have also partnered with blockchain protocols like NEM to help companies have an easy time integrating blockchain.
Easy Blockchain Solution Implementation
According to reports, Unibright’s framework makes it easier for companies and people with no coding experience to integrate blockchain into their operations with just a click of the button. Companies with no skills in blockchain or its technologies can exploit the different benefits of blockchain like transparency, security and easy accessibility. With its feature-rich options, Unibright has aimed to become the bridge between companies and blockchain after realizing that companies despite wanting to use the blockchain technology are finding it hard to incorporate it into their operations.
Reports indicate that most companies prefer using the already existing IT system. For many, change is not always easy, especially when you have to learn new concepts and procedures. Creating a framework that makes it easy for people to quickly understand and adapt to new changes helps them ease into new systems. The Unibright framework is created keeping this in mind so that it can be adapted by the companies without any of the usual frustrations.
Picking the Right Chain
Currently, there are different blockchain protocols – Bitcoin, Ethereum, NEM and more, that one can choose to base their operations on. Without a full understanding of the different features offered by various blockchains, a company might decide to use a blockchain application that does not fully solve their problems. Unibright framework eliminates the need for coding or expertise needed to decide which blockchain to utilize. Being highly flexible, it allows one to customize the system to suit the needs for both short-term and long-term.
Making the Right Connections
A bridge is needed to help companies choose the right developer for their system. Normally, getting the right developers can be a great challenge. This is because skilled blockchain and smart contract developers are expensive and not easily found. Owing to the fact that most developers specialize in one particular protocol, companies have to seek the services of a new developer whenever they wish to adopt a new protocol. The process is tedious and too expensive for any company, which ends up with them abandoning their blockchain plans instead of shelling out a lot of money. The Unibright framework is that much-needed bridge that plugs into the gap and connects companies to the ultimate solution which makes blockchain implementation easy and cost-efficient which providing the right resources, at the right time, for the right cost.
Currently, Unibright is preparing to list on QRYPTOS as its first exchange. According to the official announcement, Unibright’s utility token UBT is starting to be listed on the August 14th with rewards for the first purchases.
For the first 100 new QRYPTOS accounts that are KYC-approved and hold at least 100 UBT, QASH tokens worth 10 USD will be granted for free in the middle of September. This holds true for accounts that are created before 14 of September using the link.
The post Unibright: The Bridge to Integrating Blockchain appeared first on NewsBTC.
Aion Is Launching a ‘Token Bridge’ to Connect Blockchains
Aion will ask its token holders to destroy their erc-20 aion tokens so that they can move to the aion mainnet, launched last month.
CoinDesk
Mathematica: Bridge to Blockchain
The software company Wolfram Research has recently released the new version of the software package Mathematica. Among other innovations, the company has put a special focus on Blockchain. It was not only about the reading of courses, but also about the use of a blockchain infrastructure.
Mathematica will be familiar to many natural scientists: The software package from Wolfram Research is partly a complex calculator, partly a programming language, partly a help in mathematical mathematics. Before Python and R became more widely known in data analysis, Mathematica was used by many scientists in this field as well.
Mathematica itself is not cheap for anyone outside the university, which is certainly one reason more and more people are switching to R and Python. To counter this exodus, curious people can use the software package for free via the Wolfram Development Platform.
Mathematica 11.3 – Working with blockchain and cryptocurrencies
Since March 8, version 11.3 of Wolfram Mathematica is available. In addition to various innovations, including regarding the work with neural networks, a new focus on blockchains and cryptocurrencies stand out.
The focus on cryptocurrencies is less exciting. More interesting is the interaction with a blockchain. Without much development effort, interested parties can interact with the following blockchains: Bitcoin, Ethereum and a mathematical blockchain called “Wolfram”.
The options that are available with the third blockchain are the most interesting ones: The commands “BlockchainGet” and “BlockchainPut” can be used to quickly read data from this blockchain and write others to it. As an example, anyone interested in Mathematica can enter the following command:
BlockchainGet [ “19912535090994f5e58316e2d83fe9cea091ec6236585afd8ba08e4d8443792b”]
Blockchain as a service for open data
The above example is a barely serious proof-of-concept example. However, in a world that now demands Open Access, Open Science, and Open Data after Open Source, there are exciting possibilities.
Several years ago, the case of Jan-Hendrik Schön made the rounds in physics. Cynical voices claimed that the phrase “He has polished his data” came about through him. In any case, he was accused of data counterfeiting on a large scale. Not all counterfeits are recognized. Likewise, unclean scientific work often falls under the table. “Publish or Perish” is the motto in research, so that many honest scientists in terms of reproducibility and estimation of measurement uncertainty work poorly. One way to archive data forgery-proof in a swift manner is important to many, even outside of open culture.
Open Data and Blockchain are two keywords that are often called in the same breath. The initiative Blockchain for Science is also dedicated to relevant topics.
And now Wolfram Research has discovered this trend. The program provides access to a blockchain that can be used to exchange, archive and process data forgery-proof. Thus Wolfram Research has created a simple complete solution for open data scientists. With the mathematica-own Blockchain a step in this direction is done. Experimental physicists could quickly secure measurement data via Mathematica in a blockchain. Theorists could quickly retrieve this data from the blockchain and continue to work with it. The hashes would ensure traceability of the results.
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How Cryptocurrencies and Blockchain Technology Could Bridge the Unbanked Gap
Cryptocurrencies, with theirunderlying blockchain technology, could soon become the medium of exchange for everyone around the world, including the unbanked population. Not too long ago, dipping your toe into the murky waters of the crypto industry was frowned upon by cynics and naysayers. Oh, how the tide has turned! Digital currencies, and Bitcoin, in particular, have seen not just a growth in price, but also in popularity. Its also moved out of the shadow realmnRead MorenThe post How Cryptocu
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Simplifying Tokenization: A Bridge to the Blockchain
The Blockchain and its associated technologies and uses have piqued the interest of everyone from Bitcoin newbies, Wall Street bankers, but probably more importantly, entrepreneurs and developers.
The application and usage of Blockchain technology, as well as tokenization, is rightly being touted as the next technological wave that will disrupt and revolutionize the technology space as we know it.
With this being known and widely accepted, it begs the question why there is not a mass uptake of businesses and start up latching onto the potential of the Blockchain. But the truth is, utilizing the Blockchain successfully is still a difficult and time consuming operation.
There are many different legal regulations to try and tip-toe around. There is the difficulty and launching and maintaining an active token ecosystem through an ICO, which can also detract from the core business. And there is the development and implementation issues too.
Simplifying tokenization through Simple Token
Simple Token has come to the fore as a potential option for simplifying the process of getting developers onto the Blockchain and utilizing the technologies power. The idea is that Simple token can act as a foundation of a Blockchain business for a company to build upon, rather than building from scratch.
Simple Token allows companies to create, manage, and launch their own branded digital token based on Simple Token, allowing them the use of side chains and the Blockchain ledger for its multiple uses.
This thus allows the company to utilize the Blockchain, have their own form of digital token, but there is none of the afore mentioned difficulties that come with minting their own coin.
Powered by their OpenST Protocol, Simple Token believes that allowing companies to stake their new branded token upon their Simple Token, the company then has an open scalable side Blockchain which functions in a cryptographically auditable manner.
Closing the gap
Because this new technology exists and is making great strides, there is already an arms race of sorts for companies to try and squeeze the most out of it. However, not all companies have the resources or the know how to even enter the Blockchain.
To this end, Simple Token is looking to be the bridge that crossed the gap, allowing any developer or app builder to be a part of the Blockchain revolution. This pushes out the level of ambition and ingenuity and allows for companies to not be left behind.
The technology is burgeoning and growing every day with no one knowing its true limits or reaches However, but opening it up further, and simplifying the process, Simple Token could well be pushing the limits even further.
With more innovations being given a chance to use the Blockchain without the hassles and drawbacks, there can be further growth and development of the scope of the Blockchain.
The post Simplifying Tokenization: A Bridge to the Blockchain appeared first on NEWSBTC.
Blockchain Providing Bridge for Unbanked, Lifting Global Economy
n n n n Blockchain technology could create tens of millions of jobs a trillions in economic growth, give billions of unbanked access to traditional financial systemn
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