#CryptoCorner: IBM ( $IBM) #Blockchain Platform Goes Live in Melbourne, Crypto Remittance Service SendFriend Raises $1.7 Million in Funding
Tuesday, February 12th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - February 12, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: IBM ( $IBM) #Blockchain Platform Goes Live in Melbourne, Crypto Remittance Service SendFriend Raises $1.7 Million in Funding
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IBM Blockchain Platform Goes Live in Melbourne, Crypto Remittance Service SendFriend Raises $1.7 Million in Funding, Binance Announces Launch Date For Decentralized Exchange Testnet, Bithumb to Open Platform in UAE and Venezuela Imposes Tax On Crypto Remittance
Stocks discussed: (NYSE:IBM) (NYSE:BCS)
IBM's (NYSE:IBM) blockchain platform is live and available on the IBM data centre in Melbourne, according to ZDNet. The platform is built on Hyperledger Fabric, which is an open source blockchain project from tech consortium the Linux Foundation. The platform will also be available from the Sydney platform at the end of March this year. Head of blockchain and consulting practice leader for IBM in Australia and New Zealand Rupert Colchester told ZDNet:
"By its very nature, it's a distributed ledger technology so often ledgers are running in different locations and the demand for two is through clients and customers in this geography wanting to have high availability in the event of downtime and the like."
SendFriend, a "next-generation remittance company", has raised $1.7 million in funding from the likes of Barclays (NYSE:BCS), Ripple and the Mastercard Foundation, according to a press release yesterday. Utilizing Ripple's xRapid, SendFriend executes money transfers and cross-border payments to the Philippines, employing XRP as a liquidity vehicle. David Lighton, SendFriend co-founder and CEO, said:
"We are humbled by the support of our investors, who share in our vision to reduce the costs and improve the experience for the millions of Overseas Filipino Workers (OFWs) who send money home to support their families. This investment will allow us to build out our team, focus on community engagement, and marketing efforts."
Changpeng Zhao (CZ), CEO of crypto exchange giant Binance, announced via Twitter that the company's decentralized exchange, Binance DEX, will be released as a testnet version on Feb 20. The testnet will be available publicly and CZ encourages users to offer feedback.
The Financial News reports that South Korean crypto exchange Bithumb plans to launch a trading platform in the United Arab Emirates. The project will be developed in partnership with Abu Dhabi-based firm Nvelop. A representative from Bithumb told the Financial News:
"The partnership with Envelope will enable us to build a foothold in the Middle East as a global exchange. This year, we will diversify into a business centered on overseas business."
Cointelegraph reports that the government of Venezuela has imposed regulations and taxation on cryptocurrency remittances in the country. The National Superintendency of Crypto Assets and Related Activities (SUNACRIP) is the body in charge of regulation. The new requirements impose a maximum commission on remittances of 15 percent, applying to both individuals and legal entities.
Sam Mowers, Investorideas
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Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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