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The Liechtensteinian postal service will offer crypto exchange service in one of its offices in Vaduz starting this week. Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14. The postal service will allow customers to exchange their fiat to Bitcoin (BTC) in one of its offices in Vaduz, the country’s capital, starting on Feb. 15. After purchasing BTC, the customers will get a physical wallet generating public and private keys. Later, the service will likely be extended to other post offices all over the country, the announcement notes. Moreover, the postal service wants to add support for other coins, including Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP). To introduce the service, Liechtenstein’s post has partnered with Värdex Suisse AG — a Swiss-based financially regulated blockchain and payment service provider...
U.K. revenue and customs watchdog postpones the trial of its blockchain solution in the wake of Brexit. Her Majesty's Revenue and Customs (HMRC) has delayed further work on a successful blockchain project in the wake of Brexit, according to a written parliamentary statement published Feb. 7. The question about the distributed ledger project for customs needs was raised in the Q&A section on the United Kingdom Parliament’s website. On Jan. 30, Member of Parliament (MP) Eddie Hughes asked whether the government plans to use blockchain for customs systems after the U.K. leaves Europe. He also requested an update on a previously announced trial of the technology. In response, the financial secretary to the U.K. Treasury, MP Mel Stride, explained that the project involved the development of a permissioned blockchain “that could be used to inform a trader’s ‘Authorised Economic Operator’ status.” Stride also reported that the pilot was trialed for six weeks and “established that govern..
IBM’s blockchain platform is now available out of its data center in Melbourne, Australia. IBM has released its blockchain main net out of its data center located in Melbourne, Australia. This will purportedly allow their customers to run their applications on the company's cloud, according to an article published on news outlet ZDNet on Feb 11. The IBM platform was built on Hyperledger Fabric. Hyperledger is a project that aims to improve cross-industry blockchain technologies that is hosted by the Linux Foundation. A Sydney-based IBM data center is reportedly set to open at the end of March, joining the other centers in Tokyo, London, Dallas, São Paulo, and Toronto. The head of blockchain for IBM in Australia and New Zealand, Rupert Colchester, told ZDNet that a second center would make the technology more widely available and provide a redundancy. Additionally, with the establishment of physical infrastructure, customer data will not have to cross borders, and would provide se..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The new company develops a blockchain service called EkoLink, which allows professionals to verify using features of the blockchain, including immutability and timestamps, which eases data verification process for recruiters. The service is based on the blockchain platform, available as a service for developing distributed applications. The EkoLink was founded by the co-lead developer of Berkeley Blockchain Lab. Today, many specialists across the world put efforts in developing their working skills and education using numerous programs. But even if they provide certification, there is still no trusted way to verify such documents and other important information for employers like work experience. Thus, recruiters have to spend time and resources on additional checks. To solve this issue, the new company developed..
The Italian postal service has joined the Hyperledger blockchain community, which includes American Express, Cisco, Intel and JPMorgan. The Italian postal service provider, Poste Italiane, has joined the Hyperledger blockchain community, Cointelegraph Italia reported on Jan. 29. Hyperledger is a collaborative project led by the Linux Foundation which aims to create open-source standards for blockchain and Distributed Ledger Technology (DLT). It includes several industry leaders, including American Express, Cisco, Intel , JPMorgan, Deloitte and Huawei. Poste Italiane stated in a press release that joining Hyperledger is consistent with the service’s Deliver 2022 Business Plan. Part of the plan involves the acquisition and acceleration of new technology in the agency’s operations. The announcement draws particular attention to data protection, stating that blockchain technology is “an effective response to the problems of security, transparency, interoperability and privacy.” American c..
American financial services giant Fidelity will reportedly launch its Bitcoin custody service in March. American investment firm Fidelity, which administers over $7.2 trillion in client assets, will purportedly launch its Bitcoin (BTC) custody offering in March, Bloomberg reports on Jan. 29 Citing unnamed sources familiar with the matter, Bloomberg states that this is the next step in a plan that started in October 2018, when Fidelity announced the launch of a new company, Fidelity Digital Asset Services. The new company will purportedly offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries,” but will not for now be open to retail investors. Fidelity reportedly said in a statement, “We are currently serving a select set of eligible clients as we continue to build our initial solutions. Over the next several months, we will thoughtfully engage with and prioritize prospective clients b..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. VELIC is a security-focused comprehensive financial service platform that delivers wide a range of advanced crypto-financial products and services and plans to provide a multitude of services are not just in commercial banking, but also investment banking service in the digital The post The New Digital Asset Financial Service, VELIC aims to be FRB in the ICON’s Global DApp Ecosystem appeared first on CCN
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. VELIC is a security-focused comprehensive financial service platform that delivers wide a range of advanced crypto-financial products and services and plans to provide a multitude of services are not just in commercial banking, but also investment banking service in the digital currency industry including asset management, custody, and loan to VELIC’s users on a single platform. VELIC believes that there’s a need for a comprehensive service platform for digital assets The cryptocurrency market has gone through various stages of evolution, and at this point, many investors would agree that it had matured. Still, ther..
BitPay reports seeing over $1 billion in transactions this past year, along with record high transaction fee revenue. Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. Among major new customers this past year, BitPay named Dish Networks, HackerOne, and the State of Ohio. BitPay also reported that its B2B business has grown by almost 255 percent from 2017. Despite a massive crypto decline in 2018, BitPay’s CEO and co-founder Stephen Pair argued that the firm saw growth over the year because its product is “cheaper and quicker than a bank wire from most regions of the world.” While BitPay is reportedly still focuses on Bitcoin (BTC), the service reports that it has also added settlement support for other cryptocurrencies, namely as Bitcoin Cash (BCH), and stablecoins USD Coin (USDC), th..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. January 9, 2019– Presently, the fintech industry is irreversibly facing the era of digitalization, expansion of blockchain and the Internet of Things. In view of these phenomena, peer-to-peer (P2P) lending secured by crypto collateral is conquering the marketplace, thus offering transparency, speed, global access to cryptocurrencies, new opportunities for further growth and development. Blockchain-based P2P lending platform LendaBit.com is a novice fintech startup driven by the idea to implement advanced innovations, adopt next-generation solutions and make the lending process short-cycled, zero-bureaucratic, reliable, ..