The MasterCard has reportedly to hire the cryptocurrency experts for its blockchain project. This indicates that the largest payment firms in the world are set to indulge in the cryptocurrency and blockchain industry. Although the company has yet to share the project they’re working on specifically, it is assumed that they’re working in a blockchain-powered payment platform.
A Silver Gate Bank, a pro-cryptocurrency bank with is held by Silvergate Capital Corporation has made public that it will grant loans on crypto collateral. The banks note revealed, “We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high quality customer relationships and further enhance our interest income.”
Blockstack (a blockchain startup) has shared their collaboration with Lambda School (an alt educational institute) as a part of their initiative in helping the student to explore the cutting-edge technologies. The CEO of Blokstack PBC, Muneeb Ali commented, “This is the sort of program I wish was available to me when I was a young student, and I have no doubt the lessons learned here will help Lambda School students excel as they enter the innovative world of technology.
The Litecoin (LTC) founder Charlie Lee has announced in his tweet that he is an investor in Casa, a Bitcoin (BTC) personal key security firm. Charlie Lee then commented, “I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!”
The Quontic bank, a financial institution based in New York City has rechristened itself as a crypto-friendly bank & provides financial services to another cryptocurrency startup. Steven Schnall, CEO of the bank, “We’re just taking steps so that when the regulatory environment becomes more crypto-friendly, we don’t have a lot of catching up to do. We’re looking to diversify our product offering and our customer mix by entering into that field.”
Flexa (USA based crypto payment firm) has partnered with Coinsquare (crypto exchange headquartered in Canada) to bring in-store digital currency payments to Canada and users can spend directly from their on-exchange balance. The Coinsquare stated, “One of the biggest hurdles in mass adoption for crypto is finding a way to let users spend it. We are excited to bring Flexa’s solution for this problem to Canada.”
BitPay recently announced that it is introducing the new identification process as a significant part of BitPay Dashboard, which is high-value payment of 3,000 dollars or more to a BitPay trader, to demand a refund of 1,000 dollars or more. The BitPay Dashboard gives clients access to transaction history and a customized home page for their blockchain payments and future BitPay payment features.
TradeWindow (a blockchain startup) has reportedly received investment & funding from New Zealand’s Auckland Saving Bank (ASB) for the launching of distributed ledger technology (DLT) trade platform. The Executive GM at ASB, Nigel Annet explained, “TradeWindow has the potential to truly transform the way our customers experience the international trade process.They will be able to operate more efficiently with trust and security across the globe.”
A start-up based in Singapore vision to transform the Southeast Asian and it’s building smart cities in the Cambodian capital, Phnom Penh powered by blockchain technology. A technology entrepreneur, Eddie Lee explained, “Building on a hybrid blockchain infrastructure, the smart city collects information through residents’ multiple daily touchpoints. These create an understanding of how the city moves, lives and functions.”
Monarch has successfully launched the first decentralized recurring payments system, now merchants can make automatically crypto payment on a recurring basis on blockchain-based transactions. The President of Monarch, Robert Beadles explained “We’ll add this to the Monarch Wallet within the next few months, and will add support for Badger wallet as well. For now, anyone with a desktop computer and MetaMask can use it.”