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CBMI Partners With Sequoia-Backed Startup to Develop DeFi Services

China Merchants Bank International is partnering with Nervos Network to jointly develop new decentralized finance applications. China Merchants Bank International (CBMI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation. A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing decentralized finance (DeFi) applications and helping Nervos to grow its network in the financial services industry. A shift toward decentralization in financeNervos Network develops a suite of protocols and public blockchain ecosystem aimed at achieving the security, immutability and permissionless possibilities exemplified by the Bitcoin (BTC) network alongside smart contract functionality, Layer-2 scaling support and token economics. Nervos’ Common knowledge base (CKB) is its Layer-1, proof-of-work public and permissionless protocol that will be used as the native architecture ..

Revolut Partners with Visa to Expand Into North, South America and...

United Kingdom-based digital banking app Revolut announces a major partnership with Visa to expand its services globally across 24 new markets, including North America. United Kingdom-based digital banking app Revolut announced a major partnership with Visa to expand its services globally across 24 new markets, including North America. According to a Sept. 30 press release, this will bring 56 markets worldwide in total into Revolut’s reach. North, Latin American and Asian marketsPer the release, the terms of the agreement stipulate that Revolut will primarily issue Visa-branded cards as it pursues its global expansion push. Visa will enable the app to launch services initially in Australia, Brazil, Canada, Japan, New Zealand, Russia, Singapore and the United States. This first group of jurisdictions will be followed by Argentina, Chile, Colombia, Hong Kong, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Saudi Arabia, South Africa, Taiwan, Thailand, Ukraine and Vietnam. The st..

Ant Financial Partners with Monsanto Owner on Agricultural Blockchain

German big pharma and Monsanto’s owner Bayer partners with Alipay operator Ant Financial to develop a blockchain solution for the food and crop industry. Alipay operator Ant Financial has partnered with pharmaceutical giant Bayer Crop Science, Monsanto’s owner, to develop a blockchain solution for the food and crop industry. Letter of intentEnterprise blockchain news outlet Ledger Insights reported on the partnership on Sept. 26, also noting that the two firms signed a letter of intent to develop their solution to increase traceability and transparency. Per the report, the initiative was announced at this week’s Apsara Conference in Hangzhou, China. Ant Financial also reportedly informed the public that it intends to extend its partnership with Hyperledger to work on interoperability, standards and blockchain applications. According to the report’s author, the firm’s Blockchain as a Service (BaaS) offering supports both its own platform and Hyperledger’s Fabric. Monsanto to use blockc..

Binance Jersey Partners with Crypto Platform Caspian for Faster Trades

Binance’s fiat-to-crypto service for European currencies has partnered with a fast-execution crypto platform. Binance’s fiat-to-crypto conversion branch for euros and British pounds, Binance Jersey, has entered into a partnership with the crypto investment service Caspian, which provides trading, portfolio and risk management on its platform. Caspian shared news of the partnership with Cointelegraph on Aug. 14. The partnership will purportedly result in improved security for crypto investors, as well as a lower barrier to entry for the crypto market. The managing director of Caspian Chris Jenkins elaborated: “I am delighted for us to partner with Binance Jersey, a substantial step forward in helping move the wide adoption of cryptocurrency trading forward for the institutional market in Europe [...] As increasing numbers of institutions engage in this emerging sector, there is an increasing need for a reliable fiat-to-crypto exchange.” Binance Jersey CEO Jon Day also remarked that he ..

Bitex Partners With Bantotal For More Cross-Border Payments in Latin America

BTC exchange Bitex has partnered with Uruguay-based financial software company Bantotal to expand its cross-border payments offerings in Latin America. Bitcoin (BTC) exchange Bitex has partnered with Uruguay-based financial software company Bantotal in order to expand it cross-border payments system on the Bitcoin blockchain to Latin America. CoinDesk announced the companies’ new partnership in a report on Aug. 13. According to the report, the upshot of this partnership is that Bantotal’s clients will have access to Bitex’s exchange services via a marketplace that hosts traditional financial services in its BDevelopers program. Per the report, Bitex will act as a middleman service for cross-border payments. The exchange’s role is to convert from fiat currency to BTC, and then back to fiat again in order to facilitate these cross-border transactions. Manuel Beaudroit, the chief marketer at Bitex, explained: “If I want to do a payment from Argentina to Chile, I don’t need to buy dollars..

Google Cloud Partners With Enterprise Blockchain Platform Cypherium

Google Cloud and blockchain platform Cypherium have partnered to deliver enterprise blockchain services to Google Cloud clients. Ubiquitous tech behemoth Google cloud wing is entering into another partnership with a blockchain platform, Cypherium. Cypherium announced the new partnership in a press release shared with Cointelegraph on Aug. 13. Cypherium describes its product, Cypherium Enterprise, as an enterprise-focused blockchain platform with a focus on scalability and decentralization. As a result of this partnership, Google Cloud customers will have access to Cypherium’s blockchain solutions, as per the announcement. As per the press release, Cypherium purports to offer an enterprise blockchain that supports thousands of transactions per second, in addition to confidentiality and blockchain interoperability. Cypherium CEO Sky Guo remarked: “We’re delighted to be collaborating with Google Cloud to provide enterprises with a full-stack solution to harness the potential of this par..

Coinsquare Partners with FlexaHQ to Bring Crypto Payments to Canada

United States cryptocurrency payments startup Flexa has partnered with crypto exchange Coinsquare to bring in-store digital currency payments to Canada. One of Canada’s top crypto exchanges, Coinsquare, has partnered with United States cryptocurrency payments startup Flexa to bring in-store digital currency payments to Canada. In-store crypto payments in CanadaThe official Twitter account of Canadian cryptocurrency exchange Coinsquare announced on August 13 that the firm partnered with U.S.-based crypto payments startup Flexa. The partnership will reportedly allow the latter company to expand its in-store crypto payment processing services to Canada. Coinsquare noted: “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.” Per the announcement, the exchange will also add Flexa’s spend features to its apps, allowing its users to spend directly from their on-exchange balan..

Coinone Exchange Partners With Two Firms for Improved Safety Measures

South Korean crypto exchange Coinone has partnered up with two auditing and disclosures firms to improve investor confidence and vet projects. Major South Korean cryptocurrency exchange Coinone has partnered with cybersecurity audit company CertiK and disclosures company Xangle to provide more safety and transparency for their crypto investors. Coinone shared news of the recent partnerships in an announcement on Aug. 7. According to their announcement, CertiK and Xangle will provide public disclosure information as well as smart contract audit information, respectively. For Xangle, the report states that their disclosures will provide protection for crypto investors as well as making projects more transparent. These disclosures could include information about new tokens, changes in a project’s business model, token governance and the volatility of investment stocks. Certik, on the other hand, will reportedly provide audit information as a preventative measure against issues with code ..

NBA Partners With Firm Behind CryptoKitties for Crypto Collectible Game

The NBA has partnered with the crypto collectibles developer behind CryptoKitties to launch a new collectibles platform and competitive game. The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game. According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020. The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According to the announcement, fans will be able to gather live footage of NBA games that can then be used in some capacity to build a competing roster for the game — or to simply be owned and trade as a collectible, as the user chooses. Roham Gharegozlou, the CEO of Dapper Labs, provided his perspective on the planned game’s offerings, saying: “The NBA and its players are among the greatest he..

Huobi Partners With Global Digital Finance to Develop Crypto Standards

Cryptocurrency exchange Huobi partnered with industry membership body Global Digital Finance to develop crypto standards. Cryptocurrency exchange Huobi announced that it partnered with industry membership body Global Digital Finance (GDF) to develop crypto standards in a press release shared with Cointelegraph on July 31. Per the release, the exchange has joined major crypto companies Circle, Coinbase, ConsenSys, DLA Piper, Diginex, Hogan Lovells and R3 on the organization’s Patron Board and Advisory Council. The patron board reportedly supports GDF in the development of its global strategy and acquiring new partners. Furthermore, the author of the release claims that now co-chairs GDF’s Market Integrity Working Group and will try to address wash trading, market manipulation, and other abusive practices in the cryptocurrency industry. Josh Goodbody, Head of Europe & the Americas, Huobi Global Sales and Institutional Business, commented on the development: “Maintaining the public’s tru..
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