Bitstamp Partnering With Online Swiss Bank
One of the first and most successful European cryptocurrency exchange in Europe, Bitstamp have recently announced a partnership with an online Swiss Bank.
According to reports, Bitstamp has partnered with Dukascopy bank to bridge the gap between crypto and traditional finance,
A per their agreement, Bitstamp will be processing Bitcoin (BTC) transactions on behalf of Dukascopy Bank.
With this arrangement users will be able be to send BTC to their accounts, convert it to USD and trade on Swiss FX marketplace.
Funds can be sent back to the wallet in form of BTC.
Switzerland has firmly established itself as one of the go-to country for blockchain and crypto-related projects for its receptiveness to the emerging technology and industry.
More recently Swiss banks have become more open to working with the nascent industry with many offering crypto-related services being added in their portfolio such as the one stated above.
Tokenize Real State Platform Raises $3.1 Million In Seed Round
News sources say that RealBlocks has recently concluded a seed round fund or its Ethereum-based platform that is used to tokenize equity in real estate.
The funding round was reported to have been led by Science Inc. which funds companies involved in digital businesses.
Other venture capital firms also joined in such as Morgan Creek Capital.
The RealBlock’s platform is a way to provide global access, institutional real estate and instant liquidity to the market.
Tokenization of property equity enables easier access to international investors, opens up investing via cryptocurrency, and enable peer-to-peer trading.
It also allows for the purchase and trading of micro-shares in property.
Anthony Pompliano, the founder of Morgan Creek Capital states that after years of experimentation and development, the market expect blockchain companies to solve real problems now.
He believes that RealBlock is one of these companies that has a working product that addresses real world problem and has real utility.
Instant Crypto Payment Thriving In Slovenia
It has been recently reported that Elipay, the Slovenia-based cryptocurrency payment processor, have grown since its release October of last year.
It has grown outside of Ljubljana’s Bitcoin City which has over 500 shops that accepts cryptocurrencies to over 240 stores across Slovenia.
The cryptocurrency payment processor supports Bitcoin, Ether, Bitcoin Cash and its own native crypto ELI token.
According to Elipay, its platform boast a variety of features like instant payments with the supported cryptos, feeless transactions between Elipay users around the world and a universal loyalty program that rewards 2% tokenback in ELI tokens for every purchase.
Eligma the developer of the Elipay app and Bitcoin City now wants to integrate credit and debit cards into the app.
The company wants to entice fiat users to use crypto with the incentives offered by the Elipay Universal Loyalty Program.
They claim that with 2 percent reward of ELI tokens for each purchase, the company claims fiat users can start to use cryptocurrency in stores without needing to know about cryptocurrencies.
Venezuela Denied Access To Its Gold Bolsters Bitcoin’s Use Case
News online has recently revealed that Venezuela has been denied access by the Bank of England to its gold that was deposited to the banking institution.
The withholding of Venezuelan asset stored overseas such as the $1.2 billion USD worth of gold at Bank of England’s vaults was the result of Nicolas Maduro’s insistence of staying into power despite the international community recognized Juan Guaido as the rightful president of Venezuela.
With the current monetary system in the world right now other more powerful and more influential countries can impose such restrictions to assert their will to other sovereign state.
This presents an opportunity for Bitcoin to create much fairer global economic system.
One that is accessible by all and entirely resistant to censorship.
If some members of the international community continuously abuse their power to assert their will beyond their jurisdiction, those who are oppressed will eventually be forced to embrace Bitcoin as a counter balance to the global hegemony.
Tron Remaings The Hottest Cryptocurrency In The Ecosystem
Tron has remained one of the hottest cryptocurrencies in the ecosystem.
It continues to receive growing interest from the crypto community with some main stream media comparing it to the early days of Bitcoin (BTC).
It is a new type of blockchain network where a handful of elected delegates produce blocks and achieves scaling and greater transaction speeds.
The project is also faring pretty well despite current market conditions where most of the project has lost much of their value with many have already close shop or have downsized considerably.
Although its value is down about 63% from its all time high it is still relatively low compared to other digital assets and still significantly higher from its ICO price.
In such a short period of time since moving to its own blockchain, Tron was able to quickly built ecosystem of distributed apps with over 150 projects already in operation.
While this is small compared to the Ethereum network which has over 1,300 projects the rate by which it has grown is impressive.
In addition to this Tron has grown to more than 1.5 million accounts which has grown to an average rate of 20,000 users per day.
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