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Central Bank plans to issue own cryptocurrency. Use of a Central Banked Digital Currency (CBDC) to help families in places where no banks are present. Last updated: June 26, 2018.

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Caribbean Blockchain Alliance (CBA) Looks To Turn Bahamas Into A Distributed Ledger Leader

Caribbean Blockchain Alliance (CBA) Looks To Turn Bahamas Into Leader In Blockchain In the financial industry, whether with cryptocurrency or fiat currency, there’s continual competition to be on top of the game, and to maintain a place there. As the Caribbean Blockchain Alliance (CBA) has examined the blockchain industry, they’ve decided to become the next leader, using the Bahamas as their place to settle down, according to a report from the Nassau Guardian. The CBA believes that, “Blockchain will be one of the most important technological tools in the near future,” says the Nassau Guardian. The founder, Stefen Deleveaux, issued a press release that announced a partnership between an Inter-American Development Bank (IDB) and Blockgeeks. They will be working with CBA and the University of the Bahamas as the hosts for a “hackathon” event. The even would coincide with a course on decentralized tech development, which would be attended by 25 Bahamian citizens. Participants in the court would have a certificate of completion posted to the blockchain. Deleveaux said, “Blockchain technology is seen as the next step in Internet and financial technology, in what many describe as Web 3.0. There is a huge opportunity to use this technology to improve public and private services in this country. In addition, competent blockchain developers are in high demand, in an industry that almost guarantees access to a high-income job or potential project. One of our goals is to build a cohort, and eventually multiple cohorts, of proficient blockchain developers. This is primarily because the technology itself will be extremely important in terms of software infrastructure.” Island governments, as of late, have started to adopt cryptocurrency and blockchain technology at a rapid pace, and there are many countries that want to have the title of “blockchain island.” Around the middle of the year, the Bahamas took a step forward in that journey by announcing their intention to issue a digital currency of their own, promoting economic development. The most well-known DLT-friendly country is Malta, which is also the current leader in both decentralized technology and the adoption of crypto. They managed to be one of the biggest drivers in the industry, becoming the first country with holistic legislation to regulate DLT technology. They were also responsible for two acts, the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS), that help with the regulation of this industry. So far, the plan set forth by Marshall Islands for crypto adoption isn’t entirely supported. The President, Hilda Heine, announced the decision to proceed, but some of the country’s senators only offered a “no confidence motion.” To make matters worse, neither the U.S. nor the IMF agree with the plan set in motion by Heine.
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The Bahamas Plans to Become a Leading Blockchain Hub

An NGO in collaboration with some institutions announced plans to establish blockchain developers in the Bahamas. The group also aims to place the Island at the forefront of distributed ledger technology (DLT) adoption. A Leading Blockchain Hub in the Caribbean According to The Nassau Guardian, an NGO known as the Caribbean Blockchain Alliance (CBA) is seeking to establish a group of decentralized technology developers in The Bahamas. In a press release, Stefen Deleveaux, founder of the CBA, talked about the inherent opportunities found in decentralized technology. The founder further explained thus: Blockchain technology is seen as the next step in Internet and financial technology, in what many describe as Web 3.0. There is a huge opportunity to use this technology to improve public and private services in this country. In addition, competent blockchain developers are in high demand, in an industry that almost guarantees access to a high-income job or potential project. Deleveaux also said that part of the objectives was to build several cohorts of DLT developers. The CBA founder also recognized the importance of blockchain technology in software infrastructure as the reason for the groups. Furthermore, Deleveaux announced a collaboration involving Inter-American Development Bank (IDB), CBA, Blockgeeks, and the University of the Bahamas. These four institutions would host a hackathon. Also, twenty-five Bahamian citizens would partake in a course for decentralized technology developers, from November 30 – December 1, 2018. The press release further stated that after the course, students would get a certificate recorded on the decentralized technology. Michael Nelson, who serves as IDB’s Chief of Operations, added that the bank seeks to empower Bahamian citizens. With the collaboration and the incentives in place for DLT developers, Ameer Rosic, the CEO of Blockgeeks, believes that the Island could be “the blockchain hub of the Caribbean.” Island Governments Adopting Cryptocurrency and Blockchain Technology Blockchain technology and cryptocurrency adoption are recording high among Island governments. Some of these countries go further to aspire to become “blockchain Islands.” Towards the end of the second quarter, the Bahamas announced plans to issue its digital currency. According to the Island, a state-owned virtual currency would help to improve its economic development and eliminate barriers. Malta, another DLT-friendly country, is at the forefront of decentralized technology and cryptocurrency adoption. Popularly known as the “blockchain Island,” it was the first country to have a holistic legislative framework regulating DLT technology. Furthermore, Malta introduced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS). Both Acts would regulate virtual currency and decentralized technology. However, Marshall Islands’ plan to adopt cryptocurrency isn’t receiving complete support. President Hilda Heine’s announced moves to create a virtual currency that would act as a legal tender but received a “no confidence motion” from some of the country’s senators. The IMF and the U.S. also disagreed with the president’s plan. Image courtesy of Shutterstock. The post The Bahamas Plans to Become a Leading Blockchain Hub appeared first on Ethereum World News.
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Could The Bahamas Become the Next Blockchain Hub?

The Bahamas has partnered with various stakeholders to help put the island nation on the map when it comes to blockchain adoption and growth. It seems as if Malta will soon have some island competition when it comes to being a blockchain hub. The Nassau Guardian reports that the Bahamas wants to roll out the welcoming mat to blockchain developers as the technology continues to make strides all across the world. The Bahamas Eyes Blockchain The founder of the Caribbean Blockchain Alliance (CBA), Stefen Deleveaux, explained: Blockchain technology is seen as the next step in Internet and financial technology, in what many describe as Web 3.0. There is a huge opportunity to use this technology to improve public and private services in this country. In addition, competent blockchain developers are in high demand, in an industry that almost guarantees access to a high-income job or potential project. Deleveaux elaborated on how the CBA plans to be a part of this digital revolution: One of our goals is to build a cohort, and eventually multiple cohorts, of proficient blockchain developers. This is primarily because the technology itself will be extremely important in terms of software infrastructure. Deleveaux also announced via press release that the CBA will be collaborating with the Inter-American Development Bank (IDB), Blockgeeks, and the University of The Bahamas to host a hackathon. In addition, 25 Bahamian citizens will have the opportunity to participate in a two-day blockchain developers course. The announcement added that “students who successfully complete the course will receive a certificate that is recorded on a blockchain”. Success Through Collaboration Michael Nelson, who is the Chief of Operations at the IDB expressed excitement at the new partnership stating that “we are pleased to collaborate, with organizations such as CBA and UB, in helping young professionals become proficient in blockchain technology”. These types of partnerships and initiatives could potentially push the Bahamas to the front of the queue when it comes to attracting skilled talent. In fact, the CEO of Blockgeeks has said that the country could become the “blockchain hub of the Caribbean”. It seems as if island nations have more than just blockchain on the brain. In June this year, Live Bitcoin News reported on the possibility that the Bahamas would launch their own state-backed cryptocurrency. The Marshall Island is another country with plans to do the same. Its president has previously stated the government’s intention to launch the state-backed Sovereign. Do you that the Bahamas will give Malta a run for its virtual money when it comes to blockchain adoption? Let us know in the comments below! Images courtesy of Pixabay. The post Could The Bahamas Become the Next Blockchain Hub? appeared first on Live Bitcoin News.
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Bahamas Central Bank Seem To Be Pro-Bitcoin

All across the globe, regulators have been looking up to see digital currency regulations this year and now the Bahamas are finally caught up. The Central Bank of the Bahamas has published a regulatory framework in preparations in order to implement digital currency based assets into its financial services industry. As mentioned by The Next Web, the framework aims to address many of the regulatory challenges that the Central Bank is currently associated with and the use of digital currencies such as market volatility, tax evasion, fraudulent Initial Coin Offerings and anti-money laundering policies. The Central Bank believes the digital currency space outlook on international regulation is too fragmented which makes it hard to “manage emerging risks in the fintech arena”. With this, the Central Bank is searching for a way to integrate a few amendments to regulations recommended by the likes of the International Monetary Fund. For those of you who don’t know, the International Monetary Fund is an organisation of over 185 countries which all work together to foster worldwide monetary cooperation, secure financial stability, facilitate international trade, promote more employment and better growth in the economy to reduce poverty all across the globe These amendments will look to require any business operating in, or from the Bahamas in order to: “Demonstrate safe and sound business practices; show that they have systems in place to measure, monitor, and adequately control the market and other risks; and ensure that they have in place auditable policies, practices and procedures to prevent the use of their services for criminal purposes.” It’s worth noting that anti-money laundering policies will also have to be put in place. By chance, this news comes during the same time that Thai authorities revealed they would be regulating ICOs through a dedicated portal designed to improve security, reducing fraud and aiding to facilitate due diligence. This year, regulators in Thailand have been cracking down hard on cryptocurrencies and if their latest plan is pulled off then it tightens their grip on the industry. The Thai Securities and Exchange Commision is looking to prepare its first regulated Initial Coin Offering portal later this month. It seems that many ICOs will be vetted on a case by case theory and will be added to the portal after the launch but there is no set date as of yet. What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Bahamas Central Bank Seem To Be Pro-Bitcoin appeared first on Crypto Daily™.
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Bahamas Releases Discussion Paper on Crypto-Asset Regulation

The Central Bank of The Bahamas (CBOB) has released a discussion paper proposing how it intends to regulate digital assets. This includes initial coin offerings as part of efforts to eliminate the alleged threat of tax evasion, fraud and money laundering. However, when regulation eventually comes, it is likely that only a state-issued cryptocurrency will be supported. Also Read: Nigerian Startups Call for Cryptocurrency Regulation to Stem Investment Outflows Only State-Sanctioned Digital Assets Likely to Be Allowed “The bank seeks to enhance the sector’s competitiveness without compromising the integrity or international reputation of The Bahamas, or undermining the financial safety of Bahamian households,” said the CBOB in a statement released Nov. 7. “These considerations are consistent with international best practices.” CBOB lent support to the international regulatory convention approach, which classifies virtual currencies as ‘crypto-assets’ rather than ‘cryptocurrencies’, “as (this) clearly distinguishes between central bank-issued fiat currency and private sector products such as bitcoin or ripple.” Under the proposed framework, the island nation is to amend the Payments Instrument (Oversight) Regulations of 2017 “to ensure comprehensive coverage of both Bahamian dollar and foreign currency denominated crypto payments instruments.” The financial regulator plans to limit the range of digital assets which institutions like commercial banks may transact while banning any direct convertibility between the local fiat unit – or a even a state-backed crypto-asset – and forex-denominated cryptocurrencies. Noting the decision is in line with existing exchange control laws, CBOB warned: It is likely that only central bank sponsored digital currencies, or payments instruments fully backed by central bank issued currencies or deposits will be eligible for issuance by payment services providers. Tougher Operating Requirements In June, Peter Turnquest, The Bahamas deputy prime minister, revealed his government’s plans to introduce a national cryptocurrency aimed at improving financial inclusion among the majority of the islanders who have limited access to banking services. The CBOB’s new discussion paper appears to be preparing for this eventuality, something it has referred to as “modernizing the country’s financial services sector.” The Bahamian apex bank is seeking to come up with measures to deal with issues relating to market volatility, tax evasion and money laundering, in line with recommendations from the IMF. Until now, the country’s cryptocurrency industry has been a free-for-all, operating outside international best practice, thus making it hard to “manage emerging risks in the fintech arena.” “The regulations also stress the fitness and propriety of individuals who provide electronic money services, safety and soundness of operations practices – especially when operations become systemically important,”  stated the CBOB in the paper. “Thus, any business contemplating operations in, or from within The Bahamas would have to demonstrate safe and sound business practices; show that they have systems in place to measure, monitor, and adequately control market and other risks.” The Bahamas central bank indicated the need to protect investors from ICO-related scams, now a global problem. To that extent, companies will have to prove their credibility by providing evidence to the Securities Commission of the Bahamas (SCB). The report reads: When the instrument’s purpose is to confer digital access rights as a utility token, there may be no obvious connection to the central bank’s remit, other than the application of the exchange control regulations. This would also be the case for asset-backed/security tokens, where the determined jurisdiction of the SCB may also apply. The development comes just a few days after Thailand announced that it would be following a similar course of action, regulating ICOs through a dedicated platform that is designed to facilitate due diligence, tighten security and decrease fraud. What do you think about the Bahamian proposal on cryptocurrency regulation? Let us know in the comments section below. Images courtesy of Shutterstock and The Nassau Guardian. The Bitcoin universe is vast. So is Bitcoin.com. Check ourWiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page The post Bahamas Releases Discussion Paper on Crypto-Asset Regulation appeared first on Bitcoin News.
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Central Bank of The Bahamas (CBOB) Releases New Crypto Asset Regulation Paper to Stop Fraudulent ICOs

Initial Coin Offerings (ICOs) often suck. While it may not have looked like it in 2017, a lot of them were either scams or plain bad investments. Fortunately, some of them were good and we have companies like Augur today which are having a good share of success. In order for more companies to be successful, the Bahamas have decided to create a new crypto regulation. As reported by Nassau Guardian, the regulators of the Bahamas have decided to take a stand against fraudulent ICOs. Following the move from many countries around the whole globe, they decided that establishing a clear set of rules is a far better idea than to simply ban ICOs from the country like the United States and China did in 2017. The Central Bank of Bahamas (CBOB) has released a paper online that outlines a possible regulatory framework for this industry to follow and it is already preparing for the introduction of this whole new class of crypto financial assets in the country. According to the central bank, the key challenges will be to raise the standards of the country for cryptos to the parameters of the International Monetary Fund (IMF) for payment-focused crypto assets and to stop tax evasion and illegal cross-border action. Also, another problem that was found out by the bank is that the prices of crypto assets simply fluctuate too much due to their high volatility and that they are mostly unregulated yet, which opens a huge space for scams of several types appearing and posing as secure investments. Protecting the Investors The main preoccupation of the company, despite their efforts to stop money laundering, is to protect investors. ICOs will have to be largely regulated in the country in order to really protect the investors, so this is what the regulators are aiming at. To offer regulated ICOs in the country, which will be the only ones that will be really allowed to exist legally, the companies will have to show the quality of their product and provide proof that they are not scammers. Because of this, it is believed that the industry standards will rise in the country after the regulation finally takes effect. All businesses will have to follow the Payments Instrument (Oversight) Regulations of 2017 that addresses many of these concerns for the protection of the consumers. Providing liquidity, that they are not scams, soundness of operations and competitive practices will be required for the companies that will be listed in the country. As ICOs will generate securities, the Securities Commission of the Bahamas (SCB) will be fully responsible for the regulation of these new financial institutions, including the ones promoting ICOs as fundraisers and the ones who will act as exchanges. The regulators will use international requirements as a basis to construct a solid framework that will protect the investors and help companies to thrive in the market. This whole move is part of a larger effort from the government to modernize the financial sector of the country in order to use financial technology to become more efficient. The goal, they affirm, is to become a really competitive country without being a prey to a lack of compromise with the integrity of the assets, as the government and the regulators believe that only regulation will stop the scammers.
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Tether Confirms New Banking Partnership With Deltec Bank In The Bahamas

Tether Limited has announced a new banking relationship with a financial institution, Deltec Bank & Trust Limited (Deltec), based out of the Bahamas. Tether, which had suffered from mixed publicity after allegations it had parted ways with previous financial institution Noble Bank, also noted in the statement that its full money supply was backed by US dollars. Tether went a step further by publishing an attestation letter from the bank, showing evidence of its reserves. Confirming Tether’s reserves with the bank to be $1,831,322,828 as of October 31, 2018 — which is enough to back the remaining 1.78 billion USDT in circulation, as Tether had withdrawn over $1 billion worth of tokens since the beginning of October. The announcement went on to reiterate that Tether limited is registered with the Financial Crimes Enforcement Network of the US Department of the Treasury. Furthermore, Deltec reviewed the stablecoin (Tether) issuer on an ongoing basis – conducted its due diligence process throughout a period of several months, and identified the results as positive and allowed the company to create a bank account. According to Tether, Deltec also looked over compliance processes, policies, and other procedures, and carried out background checks of company officers, shareholders, and ultimate beneficiaries. Tether Confirms New Banking Partnership With Deltec Bank In The Bahamas Read More Via the Link Below Source https://news.bitzamp.com/
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Tether Announces Relationship With Deltec Bank in the Bahamas

On November 1st Tether said they have established a banking relationship with the Bahamas-based Deltec Bank & Trust Limited. Tether Limited made a few notable announcements on Thursday, November 1st. Early in the day on Twitter, the firm confirmed a new banking relationship with Deltec Bank & Trust Limited (Deltec), which has a headquarters in the Bahamas. We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited https://t.co/LSn64soUsC . Balance confirmation at 2018-10-31 attached. — Tether (@Tether_to) November 1, 2018 In a brief post, Tether wrote that Deltec carried out a “due diligence review of our company” before taking it on as a client. The post also came with an attachment to a letter penned by Deltec confirming the “portfolio cash value of your account with our bank was US$1,831,322,828,” at the close of business on October 31st. As of press time, CoinMarketCap listed Tether’s circulating supply at 1,776,421,736 UST with a price of $0.98. Letter Provided ‘Without Liability’ In the letter, Deltec was clear to note the letter with Tether’s portfolio cash value was “based on the information currently in our possession.” The letter was just signed by “Deltec Bank & Trust Limited” with a quick scrawl, which attracted the attention of some commenters on Reddit. A few people questioned why a person at the bank would not be willing to attach their name to the holdings report. Tether has been the focus of intense scrutiny and attention amid allegations it does not actually hold the dollar reserves it claims. Tether asked law firm Freeh, Sporkin & Sullivan back earlier in the year to carry out a review of its holdings. The firm concluded Tether’s “unencumbered assets exceed the balance of fully-backed USD Tethers,” as of June 1st. However, the law firm noted the review was not conducted with Generally Accepted Accounting Standards. Many question Tether’s holdings claims because they have so far been unwilling to undergo an audit. Others point to a mid-October Tweet by Cameron Winklevoss, co-founder of the Gemini dollar, who wrote how it is not possible to carry out an audit on a stablecoin since “there is no financial report framework.” Winklevoss argued a 3rd party would have to just attest to the accuracy of an assertion about a 1:1 peg. There is no financial report framework w/r/t to audit conformity w/ a stabelcoin. So you can't perform an "audit." You must instead rely on a 3rd party to attest to whether an assertion (that there is a 1:1 peg) is accurate. — Cameron Winklevoss (@winklevoss) October 17, 2018 A Rigorous Review by Deltec In the blog post, Tether said Deltec looked over compliance processes, policies, and other procedures, and carried out background checks of company officers, shareholders, and ultimate beneficiaries. Tether wrote the review process occurred across several months and included an assessment “of our ability to maintain the USD-peg at any moment.” The company said they are currently registered with the U.S. Treasury Department’s Financial Crimes Enforcement Network and is reviewed by Deltec “on an ongoing basis.” What do you think of Tether’s new banking relationship? Let us know in the comments! Image courtesy of Bitcoinist archives, Shutterstock, Twitter (@Tether_to, @whalepool). The post Tether Announces Relationship With Deltec Bank in the Bahamas appeared first on Bitcoinist.com.
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Tether Confirms That It Is Banking With Bahamas-Based Deltec

Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited. Tether went a step further by publishing an attestation letter from the bank, showing evidence of its reserves.In a blog post on its website, Tether stated that Deltec accepted it as a client after a “due diligence review” was carried out, which included an assessment of the company’s ability to maintain its $1 peg, which slipped last month. The post went on to add:“This included, notably, an analysis of our compliance processes, policies and procedures; a full background check of the shareholders, ultimate beneficiaries and officers of our company; and assessments of our ability to maintain the USD-peg at any moment and our treasury management policies.”In an attempt to assure the market of its reserves, Tether also published a letter, purportedly from Deltec, confirming Tether’s reserves with the bank to be $1,831,322,828 as of October 31, 2018 — which is enough to back the remaining 1.78 billion USDT in circulation, as Tether had withdrawn over $1 billion worth of tokens since the beginning of October. The letter also stated that the confirmation was made “without any liability, however arising, on the part of Deltec Bank & Trust Limited, its officers, directors, employees and shareholders” and that it is “solely based on the information” provided to the financial institution.When it comes to its reserves, Tether has a history of publishing reassuring statements from credible third parties, but it has so far failed to provide an actual audit. In June 2018, it tasked a former FBI director’s law firm, Freeh Sporkin & Sullivan LLP, to vet its finances. The law firm said it was confident that Tether had enough in its reserves to back the tokens in circulation as of June 1, but added a caveat that the work it did was “not for the purpose of providing assurance.” At press time, Tether is currently trading at $0.992952 and there are over 1.7 billion tokens in circulation, according to CoinMarketCap. This article originally appeared on Bitcoin Magazine.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 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. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
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