A Taiwan-headquartered company, Green World Fintech Services has launched its fiat-pegged digital token, New Taiwan Dollar (NTD). The company has also patented a unique process for NTD as an effort to protect the digital token invented for the prevention of money laundering purposes and any illegal activities. The token is to be less volatile compared to other cryptocurrencies.
The Western Union Company, a financial services company, has filed a patent application on ‘receiving and handling secure transfers’ with the U.S. Patent and Trademark Office. The application also listed Bitcoin peer-to-peer network, Litecoin and other blockchain networks as a means for electronic transaction network. The blockchain is detailed to implement a decentralized distributed database.
Nexo, a fintech group supported by Credissimo, declared the acceptance of Binance Coin (BNB) as collateral for crypto-backed loans. Nexo acknowledging the preference of the customers has embraced Binance’s native in the crypto loan plan. Over three months, the coin has encountered maximum price fluctuations. Currently, the BNB is at $14.92.
Wirecard firm is to organize its digital payment and banking platform by embracing blockchain technology. The aim of the firm is to connect the merchants with producers transforming the business processes in smart contracts. Jorn Leogrande, EVP of the company, stated, “The technology could be used to establish a comprehensive loyalty system, transparent and cost-efficient banking solutions.”
Chynge, a fintech startup, would be unveiling a blockchain remittance platform. The platform would enable the users to transfer money for free and instantaneously. The remittance platform identified as Chynge Central is to be steered by Chynge’s distributed ledger technology system, backed by Stellar blockchain protocol. The public ICO is to be launched on 28th June.
Revolut, fintech startup which processes nearly 100,000 crypto transactions on a daily basis, has declared the addition of Bitcoin Cash and Ripple to its platform. The users are enabled to purchase and sell cryptos such as Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Bitstamp manages the transactions with Revolut charging 1.5% transaction fees. It has also announced on Vault feature.
One of the well-known personal budgeting apps, Money Forward Inc. has revealed its plan to launch a cryptocurrency asset exchange soon. The project is to be led by the MF Financial Co. Ltd. The company intends to unveil a crypto media platform following the launch of the exchange and digital assets remittance and settlement system.
BankEx, fintech firm, announced to unveil a proof-of-asset protocol so as to link traditional financial models with tokenization. The CEO of the company stated, “MovieCoin is a tokenization of future box office revenue for movies.” The movie investors would be allowed to trade with the tokens and be permitted to track their investment behind the tokens.
Broadridge Financial Solutions Inc., a fintech company, has been granted the U.S. Patent and Trademark Office for Blockchain Technology. The company has development centers in Hyderabad, Bengaluru, and Delhi. Managing Director of the company, V Laxmikanth stated, “The patent demonstrates how Broadridge’s technology can streamline reconciliation processes, improve data management and reduce non-value added costs.”
Avaloq, the fintech firm, has invested ten percent of the total shareholding in Metaco, a blockchain and crypto expert. The founder and Group Chairman of Avaloq, Francisco Fernandez is expected to join the Board of Metacom, the company which aids the financial institutions in embracing blockchain solutions. The companies target to enhance finance industry with blockchain tech.