Paris – PikcioChain, the Blockchain-based exchange for personal data, has been integrated into BNP Paribas’ prestigious fintech accelerator run in conjunction with innovation platform, Plug and Play, at Station F, the world’s largest startup campus. BNPP/PlugandPlay have welcomed PikcioChain into the programme’s Fintech cohort to further develop its innovative solution for the secure storage and exchange of valuable personal data. “Over 400 businesses applied for a place on BNP Paribas’ fintech accelerator programme, so to have been one of the ten selected for a three month placement is a huge boost and confirmation of the quality of Pikcio’s Blockchain-based personal data
BitNewz.net
The First Lumens ATM is Introduced in Singapore During the Fintech Festival
Cryptocurrency ATMs are a vital part of the ecosystem right now. these machines allow people to conveniently purchase Bitcoin and select altcoins. It now appears there is at least one ATM which also supports Stellar Lumens. Until now, there was no indication XLM support would be integrated by any companies. Most of the details are still secret, but the machine seemingly works just fine.
It is good to see more currencies getting ATM support these days. More specifically, a lot of companies focus on Bitcoin and a few different altcoins. Stellar Lumens are not on that list so far. That doesn’t prevent the team from showcasing their XLM ATM at the Singapore Fintech Festival, though. Opening a new fiat gateway for XLM is a big step forward.All cryptocurrencies need more liquidity, especially in the world of fiat currencies.
The First Stellar Lumens ATM is Born
In a way, Stellar got a big leg up over Ripple in this regard. Whereas most speculators bought some XRP this year, they largely ignored XLM. It now seems obtaining Lumens will be a lot easier in this regard. Although this machine may not necessarily become accessible by the public, it sets an interesting precedent. How all of this will play out after the festival, remains to be determined, though.
Oh, you wanna buy #xlm #lumens but with cash? These brilliant folks at @StellarOrg made it possible. The #xlm #atm. This opens liquidity between fiat and xlm! pic.twitter.com/JQ9g1khGW0
— Michael Dowling (@michaeldowling) November 15, 2017
Most of the specifics of this Lumens ATM have yet to be worked out. We don’t know who built it or how it works exactly. It may be a two-way machine, for all we know. Nor is there any indication as to when and how many of these machines will come to market. There are many unknowns in this regard, but the development is still pretty exciting. It seems the machine will be placed in Singapore, but that is based on circumstantial evidence at best. An interesting future lies ahead for Stellar, though.
So far, the news hasn’t had any impact on the XLM price yet. Stellar’s Lumens are valued a lot lower compared to Ripple’s XRP. They will both serve very similar purposes, though. It is possible we may see both currencies get a lot closer to one another in terms of market cap. When and if that will happen, remains to be determined. An interesting precedent is created in this regard, that much is rather evident.
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The Great Banking Reforms: Time for Young Fintech Companies
The world is on the brink of global banking revolution. The latest news leaves no doubt about the coming changes. A little while ago some banks wouldn’t want to hear anything about Bitcoin, but today even skeptics like industry’s giants Goldman Sachs have started talking about Bitcoin legalization. It is confirmed by Wall Street Journal … Continue reading The Great Banking Reforms: Time for Young Fintech Companies
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