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Jan 19 2021

Worldline Joins Forces With Gold Global SA to Launch “Davinci Gold” Token

Worldline, (Euronext: WLN) a European payments and transactional services firm, announced on Tuesday it has formed a co-operation partnership with Gold Global Currency Corp to offer the “DaVinci Gold” token, which is notably based on Worldline’s stablecoin management infrastructure. According to Worldline, the initiative further expands the capability of Worldline’s Digital Asset Management (DAM) platform and will assist in fulfilling the company’s goals to be at the forefront of stablecoins and blockchain technology.

“Developed by Worldline, the DAM Platform is the first asset management solution of the stablecoins category to take advantage of a private Blockchain with full control, guaranteeing security, scalability and longevity of the solution. The Worldline DAM platform is designed to seamlessly and securely manage any type of an asset’s lifecycle within a given business process, amidst the various parties participating in this product or service.”

Worldline further reported as a result of the strategic partnership agreed with Gold Global, the Worldline DAM platform brings to life the DaVinci Gold purchasing solution. The first of its kind, it allows consumers to buy, save and sell genuine physical gold coins or 24-carat hallmarked bullion in a simple and secure way. Speaking about the collaboration, Nicolas Kozakiewicz, Blockchain Fellow Expert and Innovation Executive Advisor at Worldline, stated:

“While the WL DAM Platform was first applied to stablecoins and CBDCs, it is perfectly suited for many other sectors, such as retailing and loyalty schemes, intra-group industrial offsets, public/urban transport. Creating an industry-grade ready-to-deploy asset manipulation infrastructure was a long-time need hardly solved, until Blockchain technologies came to real maturity.”

Worldline then added in accordance with most of Worldline’s Business verticals, from merchant interfacing to core-banking services, from Digital Cities requirements to highly regulated Public or Private services, the new Worldline DAM platform is designed to solution problems, from small early pilots to full-scale services.

Source

Written by bizbuildermike · Categorized: Crowdfunding, cryptocurrency · Tagged: blockchain, Blockchain & Digital Assets, business, cbdcs, Cities, cryptocurrency, Currency, DAM, davinci gold, digital, digital asset, digital asset management, digital assets, digital currency, Global, gold, gold global sa, html, Infrastructure, innovation, other, partnership, payments, product, security, Stablecoin, stablecoins, Technology, token, worldline

Jan 18 2021

Huobi Global Partners with BCB Group to Better Globalize Offerings

Huobi Global has partnered with BCB Group, to “better globalize” its offerings, according to a release. Huobi is a large digital asset firm based in Asia.

BCB Group is a payment services provider that enables clients with European fiat the ability to send fiat to crypto counterparties via “BLINC” in real-time, 24/7, 365 days a year.  BCB Group is a multi-jurisdictional regulated cryptocurrency service firms managed by an executive team have that has worked for incumbent financial services firms. BCB currently serves clients including Bitstamp, Coinbase, Galaxy, and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity, and digital asset custody.

Huobi states that working with BCB will enable it to bank its OTC desk with the firm as well as let them handle foreign exchange flow.

Ciara Sun, the VP and Head of Global Business at Huobi commented on the arrangement:

“We understand the importance of both a compliant, and streamlined service. Partnering with BCB allows us to offer a European fiat on and off ramping service that we know is in line with the laws of that area, but it also allows our customers in Europe to experience a smooth and hassle-free user experience.”

Oliver von Landsberg-Sadie, founder and CEO of BCB called the partnership important in furthering BCB’s mission to “promote future-friendly growth of the industry.”

“We are excited to play a part in Huobi’s global project.”

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: Asia, bcb group, bitstamp, Blockchain & Digital Assets, business, ceo, ciara sun, coinbase, compliant, crypto, cryptocurrency, Currencies, custody, digital, digital asset, Europe, exchange, financial services, founder, Global, huobi, Kraken, LINE, Offerings, oliver von landsberg-sadie, partnership, payment, payments, uk, united-kingdom, us, vp

Jan 18 2021

China’s BSN to Launch Global CBDC Payment System Beta in 2021

China’s lead in the race for developing a Central Bank Digital Currency (CBDC) is unassailable at this point. The country is making further progress, with the government’s blockchain service network looking to release a CBDC network beta this year.

Safe, Low-Cost CBDC Payments

China’s Blockchain-based Service Network (BSN) has announced plans to launch a public beta for a global CBDC network, per a blog post. 

The BSN is a blockchain network that enables digital token and decentralized app (dApp) development. 

In the post, the state-sponsored network explained that it would invest a considerable amount in research and development this year. The network plans to focus on digital payments primarily as it is working towards launching a Universal Digital Payment Network (UDPN).

Speaking on digital payments, the BSN pointed out that stablecoins and CBDCs have become more prominent across the world as countries look to embrace e-payments fully. The network plans to launch a payment network based on all developed CBDCs in the next five years.

“This digital payment network will completely change the current payment and circulation method, enabling a standardized digital currency transfer method and payment procedure for any information system,” the BSN explained, adding that a convenient, cost-effective beta will be available in the second half of this year.

With the payment network, the BSN is looking to provide a standard digital currency transfer procedure. It aims to combine systems like insurance, banking, enterprise resource allocation, and mobile apps through dedicated application program interfaces (APIs) to make global payments safe and cheaper.

The payment network is one of BSN’s four objectives for the year. The other three include expanding its network, promoting its new private platform, and expanding its ecosystem. In addition, the BSN reiterated its commitment to enhancing blockchain capabilities to companies and governments worldwide.

China Forges On With Digital Yuan

So far, digital yuan has been one of China’s most ambitious economic and financial projects. Officially launched in late 2019, the project has gone through extensive tests last year and looks to be entering advanced testing phases.

Last year saw several firms and government agencies partner on testing the CBDC in several real-world situations, mainly through giveaways and retail spending. The developers haven’t relented in their efforts this year as they look to strengthen their research and testing base.

Last week, local news sources confirmed that the Agricultural Bank of China, one of the country’s largest state-owned banks, had launched ATMs for the digital yuan. As the reports explained, the machines were installed at specific branches within Shenzhen. Customers at these branches have been able to spend and convert the digital yuan tokens they got as a part of the government’s “red envelope” lottery – a project that saw the government hand out $3 million worth of the asset to 100,000 citizens.

The machines reportedly allow digital yuan deposits and withdrawals via a smartphone app. Users can also convert their savings and cash to the CBDC.

China’s BSN to Launch Global CBDC Payment System Beta in 2021

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2021, Agricultural Bank of China, Apps, ATMs, Banking, Banks, bitcoin, blockchain, BSN, Cash, cbdc, cbdcs, Central Bank, central bank digital currency, china, cryptocurrency, Currency, decentralized, digital, digital currency, digital payments, digital token, Digital Yuan, Enterprise, Global, government, information, insurance, Mobile, mobile apps, more, news, other, payment, payments, research, retail, Shenzhen, smartphone, stablecoins, token, tokens, world

Jan 17 2021

IOHK, which Supports Cardano (ADA) Development, has Announced 11 Winning Proposals to Receive Funding, as part of Project Catalyst

IOHK (or Input Output Hong Kong), an organization focused on supporting open-source projects such as Cardano (ADA), a major platform for building decentralized applications (dApps), has announced the first winning proposals for Project Catalyst.

The community has spoken and 11 initiatives are now expected to acquire funding in order to further enhance the Cardano ecosystem.

As explained by IOHK, Project Catalyst is “an ongoing experiment” in exploring or looking into different ways that “decentralized” innovation and collaboration can be carried out “at its highest level.” As the initial stage in the Voltaire roadmap, it aims to challenge ecosystem participants to “pool their ingenuity, creativity and passion to identify ground-breaking projects that support Cardano’s growth,” the IOHK team noted.

Fund2 was reportedly the first time that Project Catalyst participants had the opportunity to pitch, debate, refine, and vote on various proposals using “real” ADA, which is the native cryptocurrency for Cardano’s distributed ledger technology (DLT) network. As confirmed by IOHK, this was “aimed at enhancing and bringing new value to Cardano.”

As mentioned in blog post published by IOHK:

“We challenged Fund2 participants to come up with ways to encourage Cardano ecosystem development in the next six months. With an available initial ADA fund worth $250,000, we are able to fund 11 proposals.”

The IOHK team confirmed the following funded proposals as part of Fund2:

PoolTool platform upgrade: This project aims to open up “avenues to build businesses and applications on Cardano that differentiate between stake pool operators by offering additional products.” This update is aimed at promoting infrastructure “diversity” across the Cardano ecosystem.

Ouroboros over RINA: Deploying a proof of concept (PoC) stake pool and relay solution of Ouroboros over RINA by using “Ethernet/WDM at two sites in Tokyo, Japan.”

Haskell/Plutus/Marlowe education: Developing educational material or content that aims to convey complex ideas and information in a structured manner, “supplemented with examples that inspire ideas.” This proposal aims to “make it easier for new developers and entrepreneurs.”

Create a message-signing standard: “Generating a message-signing standard to prove reserves, identity, and stake pool delegation. “

Liqwid: Cardano lending markets for decentralized finance or DeFi: Developing an open-source, non-custodial liquidity protocol to “earn interest on deposits and borrow assets on Cardano.”

Cardano for mobile (decentralized application) dApp developers: “Turning mobile platforms into the first-class citizens of the DApp world with mobile SDKs, mobile-first DApp experience and app store compatibility.”

GimbaLabs – starter kits and tools: GimbaLabs is a startup platform “providing free and open source APIs, lessons, and project-based learning resources to help people bring their ideas to life on Cardano and so drive adoption of the blockchain.”

Lovelace Academy for Marlowe and Plutus: Establishing an online academy “to attract, inspire and educate individuals and companies to create applications on Cardano’s smart contract and native assets platform.”

Sign Tx Arduino: Starting a library for code written in the C programming language that is “compatible with the Arduino development environment.” Sign local Cardano transactions in advance of smart contracts “being available to enable applications for the internet of things (IoT).”

Pet Registry DApp with ₳Pay: Helping developers “accept ADA payments on websites.” The Pet Registry DApp, built on ₳Pay, will “service a global audience in a cheaper, better way.” Devs are “inspired by successful apps and the tools needed to build them, By creating both, we can inspire and accelerate devs and their solutions.”

Japan Cardano Governance Association: Meetings & Communities & Podcasts: “supporting online/offline meetups, governance podcasts etc. for our Japanese community.”

As confirmed by IOHK, each funded team will get their ADA tokens by the end of this month, so that they’re able to start on their projects and hopefully bring them to life in the foreseeable future. IOHK also mentioned that they’re now looking forward to seeing the impact of these initiatives on the evolving Cardano ecosystem.

While 11 ideas or projects have acquired funding for now, there are several other legitimate contenders that managed to meet the community voting threshold. However, these initiatives still missed out on funding this time around. As noted by IOHK, certain projects were able to secure “community funding.” There were also some initiatives that had been approved for funding by the community, however, the treasury didn’t have enough funding needed to support their proposals for the time being.

IOHK added:

“We’ll be encouraging these proposers to resubmit their ideas for the just-launched Fund3 where relevant (with its focus on the DApp ecosystem) and we hope to see the best of these funded by the community next time. We have bold and ambitious plans for Project Catalyst in 2021, with ADA worth millions of dollars being made available to fund innovation on Cardano. Submission for proposals for Fund3 [reportedly opened on January 13, 2021].”

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: 2021, ada, Adoption, App Store, Apps, blockchain, Blockchain & Digital Assets, blog, Businesses, cardano, Community, cryptocurrency, dapps, decentralized, Decentralized Applications, decentralized finance, defi, distributed ledger technology, dlt, Education, Entrepreneurs, Environment, finance, fund, funding, Future, Global, Hong Kong, ideas, identity, information, Infrastructure, innovation, Internet, iohk, iot, japan, Ledger, lending, markets, Mobile, open source, other, payments, platforms, Products, project catalyst, smart contract, smart contracts, startup, Technology, tokens, Tokyo, Transactions, voting, websites, world

Jan 16 2021

JPMorgan Chase execs weigh in on stablecoin regulation, crypto competition

During JP Morgan Chase’s Q4 2020 earnings call, CEO Jamie Dimon and CFO Jennifer Piepszak weighed in on the OCC’s recent approval of banks using stablecoins for payments, as well as whether or not the approval will have any impact on the development of JPM Coin. 

During the question-and-answers portion of the call, Portales Partners analyst Charles Peabody asked about the approval from the OCC for banks to use public blockchain networks for payments.

“That guidance enables an offering of stable going on a public blockchain. So that doesn’t impact JPM coin. JPM coin, you should think about as the tokenization of our customer deposits,” responded JPM CFO Jennifer Piepszak, according to a transcript of the call.

However, she did not rule out the possibility of a JPM-backed stablecoin if customers showed interest.

“So, it’s obviously very early. We will assess use cases and — and customers demand. But — but it’s still too early to see where this goes for us.”

JPM CEO Jamie Dimon was also quick to jump in and mention that the bank is “using blockchain for sharing data with banks already and so we are at the forefront of that which is good.”

Debuted in October of 2020, JPM Coin is largely used on the backend of JPM’s payments systems, helping to settle nearly $6 trillion in payments on a daily basis. On the call, Piepszak also described the JPM Coin project as “tokenizing deposits to make payments easier for client.”

Ultimately, Dimon seemed to imply to crypto payments settlement won’t greatly change how JPM operates.

“There is this talk about several banks having digital currencies and stuff like that, right?” Dimon concluded. “[…] So I — I do expect that stuff is coming and it may not change our world that much”

Dimon may be underestimating the impact crypto will have on the payments landscape, however. 

Paypal, one of the Fintech giants that Dimon mentioned by name as a payments competitor, confirmed that crypto payments will be available starting in 2021. The CEO — a former noted skeptic of cryptocurrencies — made it clear that payments will become an increasingly crowded and cutthroat field over the next decade:

I expect it to be very, very tough competition in the next 10 years. I expect to win. So help me God.

JPMorgan Chase execs weigh in on stablecoin regulation, crypto competition

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2020, 2021, analyst, Banks, blockchain, ceo, crypto, crypto payments, Currencies, data, digital, Digital Currencies, Earnings, Earnings Report, fintech, going, Jamie Dimon, JP Morgan, jpmorgan, payments, Regulation, Stablecoin, stablecoins, tokenization, us, world

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