Daily, May 03, ’18

Tangem, BTC, Goldman Sachs, Cardano, Coinme, Nouriel Roubini

  • Cryptocurrency hardware wallet manufacturer Tangem is planning to issue Bitcoin banknotes in denominations of 0.01 and 0.05 BTC ($92 and $463 respectively) in Singapore.
  • Goldman Sachs is set to begin its bitcoin trading desk in Q2 of 2018 that would not trade ‘actual’ bitcoins, instead, dealing in bitcoin ‘contracts’.
  • The Ethiopian government has signed a memorandum of understanding with Cardano in order to apply blockchain technology to the country’s agritech industry.
  • Coinme installs eight new crypto ATMs in California, bringing its total locations in the state to 23 ATMs.
  • Economist Nouriel Roubini sharply criticized cryptocurrencies, saying that digital coins are not a store of value, and face scalability issues.

Related news

Ripple, SBI, And Tangem team up to Expand Crypto Ecosystem and Speed up Mass Adoption

Last year, Tangem, the Swiss crypto wallet company introduced physical ways to spend and trade cryptocurrency. “Smart cards” and “smart bank notes” are physical representations of cryptocurrency that could be carried and spent by users. The idea is that with an actual physical representation of cryptocurrency, people can simply hand the note over and make even simpler, no fee transactions. With the adoption and actual spending of cryptocurrency in mind, Ripple, along with financial backer and partner SBI are investing $15 million to accelerate the amount of Tangem Notes that enter circulation. Tangem already had vending machines, ATMs, money exchangers and wider acceptance at retail outlets on the radar for 2019, and this influx of money will speed up these plans. Yoshitaka Kitao, President and CEO of the Japanese investing firm SBI, thinks Tangem’s product is an important factor in bringing blockchain and cryptocurrency to the masses. “The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote the mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.” SBI has been partnered with Ripple since 2016 and their crypto exchange VCTRADE started allowing XRP deposits late in 2018. VCTRADE is also set to become the first regulated exchange for Japanese residents so they seem to be pushing for the usage and adoption cryptocurrency from multiple angles. Ripple has recently confirmed that 27 companies would be adopting the use of XRP, with 13 more using Ripple’s xRapid system. While many in the space have spoke of Ripple as a company that will help businesses interact with each other without the use of banks, the team at Ripple doesn’t want the public to lose focus on how XRP and Ripple’s platform can help average people making small everyday transactions. The post Ripple, SBI, And Tangem team up to Expand Crypto Ecosystem and Speed up Mass Adoption appeared first on ZyCrypto.

Blockchain in Banking Summit in Zurich: Leading Bankers and Experts to Discuss Topical Trends and Future Evolutions of Blockchain in Banking Sector

CoinSpeaker Blockchain in Banking Summit in Zurich: Leading Bankers and Experts to Discuss Topical Trends and Future Evolutions of Blockchain in Banking Sector In the New Emerging Economy, where business and technology are Wired To Each Other Through The Digital Economy, Blockchain Creates A Whole New Paradigm In The Ecosystem. With The Use Of Blockchain Technology, Transactions Will Be Much Faster, Secure And Far Less Expensive Compared To The Centralized Database Systems. Why Blockchain in Banking? Blockchain technology has created waves around the world by bringing transparency and massively reducing costs in many industries. In order to stay competitive, more and more banks are adopting Blockchain technology which will allow them to further improve the transaction velocity, reduce fraud risks and boost their business growth by offering holistic payment solutions. Regulators and central authorities are also aiming to harness Blockchain to future-proof payment systems and encourage banks to modernise their legacy payments infrastructures for an efficient, secure and more transparent banking service. The current business landscape sees banks caught between an uncertain world economy and growing costs of regulatory compliance. They face pressure to reduce costs and increase operational efficiency. There is also a threat of disintermediation by financial technology (fintech) firms, which are looking to provide some of the same services as banks but at lower costs. Compared with conventional database technologies and centralised systems, blockchain execution can be relatively cheap and require considerably less IT investment to maintain. What are the Key Drivers of Blockchain Technology? Customer’s need for overlay services – To meet the customer’s growing demand for immediacy of retail payments Customers expect to pay for and receive their purchases as fast as possible. Suppliers, on the other hand, wish to have the certainty to be paid as soon as they release their goods and services Need for banks to remain competitive – Blockchain technology will help banks to not just stay competitive by improving the transaction velocity, reducing fraud risks in the transaction processing but also boost its business growth by offering holistic payment solutions spanning the value chain in order to differentiate from Non-Bank Players. Regulators need for encouraging competition and digitalization – Regulators and central authorities top agenda is to promote fair competition, Anti-Money Laundering, customer protection, and improving clearing & settlement mechanisms and digitalization of the economy. About BB Summit BB Summit is Europe’s only dedicated Blockchain conference for the Banking sector. It features upto 20 leading speakers and subject matter experts with latest case studies, key trends, regulations and implementation guidelines. It’s expected to gather about 120+ delegates from leading Banks, Standard bodies, Associations, Regulators, selected  FinTechs from Europe who are driving this technology wave. Speakers at the Previous Year’s Show Montse Guardia Guell | Director of Digital Services – Digital Transformation |Banco Sabadell Francisco Maroto Castro | Head of Blockchain Strategy in the Customer Solutions Area| BBVA Nicole Sandler| VP Fintech and Regtech – EMEA Legal Lead | Barclays Stephen Moran | Head of Research & Development | Bank of Ireland Michael Spitz | Co Head of Blockchain Lab | Commerzbank Anna Mialet Rigau | Innovation & Business Transformation | CaixaBank Alberto Gómez Toribio | Blockchain & Tokenomics Specialist | Bankia David Alonso Pérez | Project Manager | Cecabank Fernando Lardies | Network Banking Head | Banco Santander Roberto Garcia |Head of Blockchain & emerging technologies |Banco Santander Group Marco Bosma |SVP Fintech & Innovation |Rabobank Sorin Cristescu Blockchain| Competence Centre Leader | European Commission Roberto Fernández Hergueta |Board Member| Alastria Blockchain Mañu Noain Ignacio  | Head of International Business Development | We.trade Sergey Lukashkin  |Digital transformation project management director | VTB Bank Marco Carmona | Senior Solution Architect | Protegrity Mat Travizano | CEO | Wibson Grzegorz Leńkowski  |Director of Instant Payments Business Line | KIR Bernat Aguadé Estivill |Associate professor and consultant | Blockchain Institute & Technologies Stephane Savanah | Information Technology Consultant |Independent Consultancy Previous Sponsors The first annual show was supported by Wibson and Protegrity as keynote sponsors. What Did the Speakers Talk About? In 2018, the conference gathered leading banking professionals and top experts from within Europe working in Blockchain sphere. Speakers addressed the most important segments of the Blockchain, DLT, how it will revitalize Trade Finance, Trade reconciliation, Find synergies and build networks among banks and explore consortium possibilities and discussed many topical trends of the industry including following – IT-model of Blockchain Technology for Large Organizations How Blockchain can be used in Clearing and Settlement? What are the challenges while implementing Blockchain in Clearing and Settlement? How the decentralized Blockchains will work in Centralized Banking Model Operation? Discuss how Blockchain affect existing clearing and settlement processes with regards to the speed of end-to-end processing? How does blockchain technology reduces or eliminates the need for reconciliation, confirmation and trade break analysis as key parts of a more efficient and effective clearance and settlement process? Sorin Cristescu | Blockchain Competence Centre Leader | European Commission Banking Modernization with Blockchain to Stay Relevant in the Digital Age Industry payment modernization initiatives and why banks, networks and operators see the need for change. DLT’s potential role in payments and how Blockchain may redraw processes, question orthodoxies, and impact financial business models. Payment processing issues as a result of payment modernization. DLT as the backbone of a new payments ecosystem. Marco Bosma | SVP Fintech and Innovation | Rabobank Reimagining Identity Using Blockchain Technology How Blockchains are being investigated as solutions for KYC Space? How the design of the blockchain can ensure compliance with data sovereignty laws while complementing existing legacy AML solutions? How Blockchain Enhances Regulatory Reporting? How does the risk of noncompliance due to delayed or inaccurate reporting would be greatly diminished by using Blockchain? Stephan Moran | Head of Research and Development | Bank of Ireland Organizers This conference is being organised by Kinfos Events which is a UK based company. It has carved out its own niche in the market for producing world-class technology conferences over three continents (North America, Europe and Australia). Website link:  https://www.bbsummit.com Blockchain in Banking Summit in Zurich: Leading Bankers and Experts to Discuss Topical Trends and Future Evolutions of Blockchain in Banking Sector

Japan’s SBI Group Invests $15 Million in Tangem Crypto Wallet

Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem. The company is the creator of a slimline hardware cryptocurrency wallet. SBI Group Invests in Tangem SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized asset offerings, and digital identity. Tangem Crypto Wallet Described by the company as a “smart banknote for digital assets,” Tangem’s cryptocurrency wallet mimics a bank card in that it allows a user to make off-chain ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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