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A collaboration has been established between Zeux payments app and VeChain (VET) to enable the cryptocurrency payments via Apple Pay and Samsung Pay. Zeux then explained regarding the collaboration made, “VeChain has been a major player in developing its blockchain to make a difference in enabling enterprises and professional teams to leverage public blockchain.”
A blockchain startup Orchid Labs which vision to make the Internet completely open-source and accessible has raised $43 million from accredited investors to achieve its target. It has also launched Orchid app, which is an open-source Virtual Private Network (VPN) client that sends packets to nodes over multiple hops to ensure that its users can browse the Internet securely and privately and also focused on “probabilistic micropayments” to encourage a decentralized marketplace.
A financial institution based in Italy, Medici Bank have shared in a press release regarding the launching of its new bank focusing on digital-centric commerce and investing. The CEO of Medici Bank, Ed Boyle commented, “We are building Medici Bank from the ground up, not reliant on aged infrastructures nor as an overlay on traditional banks.This is uncommon, especially in the USA where licensed challenger bank options are few and far between.”
Fr8 Network Inc (a blockchain logistic startup targeting US truck industry) has established partnership with PayMachine to provide rapid, low cost payment services to truckers. David Howitt, Head of BD at PayMachine said, Proof of delivery technologies and the transparency of smart contracts within the Fr8 Network provide the assurances required for PayMachine to pay Truckers upon delivery. The Fr8 Network and PayMachine partnership will have an instant impact on the trucking industry.”
A blockchain start-up based in the U.S, Data Gumbo Corp has shared that they have received $6 million worth of fund from major energy companies includes the national petroleum and natural gas company of Saudi Arabia, Aramco. The Senior Investment Director at Saudi Aramco Energy Ventures, Daniel Carter explained that “distributed ledger technologies have the potential to bring win-win efficiencies between industrial companies and their suppliers.”
Ubisecure, a customer identity management company has welcomed a developer of the distributed Public Key Infrastructure (PKId) protocol and PKI-enabled apps, Remme as their strategic partner. The CEO of Remme, Alex Momot commented, “Our two companies will release further details on the outcome of the PoC and further collaborations based around identity management with DLT in the near future.”
BitPay (a crypto payment processor) has announced that it has newly employed Glen Braganza as its Chief Financial Officer. Stephen Pair, CEO and co-founder of BitPay said, “Glen’s experience is a key advantage to BitPay as the team moves the company into the mainstream to help businesses leverage blockchain for fast consumer transactions and easy global payments.”
QEDIT (Israel based blockchain privacy startup) raises a total of $14 million in series A round of fundraising and gets investment from well-known Chinese company Alibaba. Jonathan Rouach its CEO said, “The first pilots are taking place now, and the announcement of this is scheduled for the VMworld 2019 conference in several months. This is not proof of feasibility; it is preparatory work for actual deployment.”
The CFO of PayPal, John Rainey has commented during an interview with Yahoo! Finance that they’re currently working on the blockchain and cryptocurrency-related project. He then explained, “We have teams clearly working on blockchain and cryptocurrency as well, and we want to take part in that in whatever form that takes in the future — I just think it’s a little early on right now .”