Western Union will use Stellar blockchain in partnership with Thunes


Western Union has established a partnership with Thunes, a cross-border payments network formerly known as TransferTo, to provide the possibility for its clients to transfer funds directly into mobile wallets globally.

After its recent collaboration with Ripple, Western Union is now looking towards a partnership with Thunes, a cross-border payment network, to improve its network, and provide more value in emerging markets.

Read more: Western Union is experimenting with Ripple to prepare for crypto future

Thunes, has been a partner of Stellar.org since July 2018, and will give Western Union the possibility to utilize Stellar’s distributed ledger to obtain instant clearing, settling, and execution, enabling value to move across borders and directly between banks and payment gateways.

Speaking to FinExtra, the Global Head of Account Payout Network for Western Union, Sobia Rahman, said that the company is continuously expanding and enhancing their account payout portfolio, and providing their customers with multiple payout options including bank accounts, cards or mobile wallets.

‘Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.’

According to Western Union’s press release, the collaboration between Western Union and Thunes will ‘enable greater financial access for consumers, especially those who lack access to traditional financial services, by connecting them to alternative payment solutions, such as mobile wallets, that ultimately help drive better financial inclusion on a global scale.’

‘We are delighted to be working with Western Union to provide global reach for their customers’, said Steve Vickers, CEO at Thunes.

‘Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast networks, Western Union customers will now have more flexibility when sending money across borders.’

Read more: IBM Vice president on Stellar: “Potential to really change the World”


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IBM Crypto Chief Calls Company the “Leader” in Blockchain Technology


IBM’s Jesse Lund, who heads the blockchain division, claims IBM is the leader in blockchain technology.

In a recent interview, Lund stated:

What IBM’s been doing as the leader in blockchain technology for the last three years is adding security and confidence to the system.

IBM And Stellar Partnership Challenge xRapid

Lund talks about IBM’s cross-border payments solution, which in part uses Stellar Lumens for settlement, and how one of the oldest technology companies in the world plans to revolutionize the remittance market. The solutions developed are challenging Ripple’s xRapid product for adoption, but all the products will have to work together to create a global and harmonious system.

He explains:

We’re building on a new idea, which is to be able to store monetary value electronically and be able to move that value around the world in real time… I think the problem with cross-border payments today, the inefficiencies are based on the fact that the way that banks communicate, the network that banks communicate on is separate from the network or the rails that money actually moves on. And those things are distinct and they require a lot of coordination and reconciliation after the fact. That adds what we call friction. By having a digital store of value that can move with the payment data, we make the whole process a lot more seamless and a lot more point-to-point.

Read the full story on CCN.com.



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Nextrope Lab London: BLOCKCHAIN IN PRACTISE Event


Nextrope Lab London is hosting a two-day workshop that will equip you with practical knowledge about applications of Blockchain. It will provide you with tools and skills allowing to take full advantage of this still undiscovered technology. You will be guided you through the processes of designing a network, programming Smart Contracts, building DApps and taught all about the best practices of utilizing the Distributed Ledger Technology. 

Use the promo code “CoinCodex2019” to save 10% on any tickets



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Here’s the Latest Blockchain Project Gaining Mainstream Attention


Join KuCoin





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Beyond Cryptocurrency: The 3 Key Elements of Blockchain in Real Life


Beyond Cryptocurrency: The 3 Key Elements of Blockchain in Real Life | The Daily Hodl




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Startup Ownum’s First Product Is Blockchain Vehicle Titles


Cleveland-based blockchain company Ownum launched its first product Friday and announced three in the works, each with the stated purpose of eliminating a specific paper-based government process.

Incorporated in May 2018, Ownum is a holding company that now claims four subsidiaries — CHAMPtitles, Vital Chain, DigiCredits and Tech Tags — which are developing products of the same respective names, all meant to identify an expensive paper-based process, create a digital asset of it and record that digital asset to a blockchain. CHAMPtitles, a blockchain portal for processing vehicle titles, was the focus of Friday’s announcement.

Speaking with Government Technology after the launch, CEO Shane Bigelow described CHAMPtitles as a simplification of a process that typically involves a consumer, a car dealer, a manufacturer, a bank, an insurance company, a state DMV and a title-issuing authority such as a court clerk or county recorder. He said digital solutions prior to blockchain weren’t feasible, because metadata coming in and out of databases can be reverse-engineered so banks and insurance companies can glean each other’s proprietary information from it.

“The reason this wasn’t possible a couple years ago is that all those parties are unwilling to communicate with one another on a singular database system. They’re unwilling to have their information come into a central location and be monitored by the state, so they force the process to be on paper,” Bigelow said. “The only reason the title-issuing authority is involved in the process was because [in the past], the other six parties didn’t really trust each other. The bank didn’t trust that the lien was going to get on the title correctly, the car dealer wasn’t trusted by the manufacturer. … Cryptography associated with blockchain is so much further advanced than anything you could put around a database that it now enables all of these parties to transact securely and comfortably with this system.”

Bigelow clarified that CHAMPtitles doesn’t necessarily remove any parties from the process, but it’s supposed to make their day-to-day work more efficient. He said the focus will be on registering cars in 2021 and beyond, so ideally, as the program becomes popular and more widely used, new-car transactions will require less staff time and fewer title-issuing authorities than they do now.

He said customers for this product will vary by state. CHAMPtitles will seek state contracts where it can, but in states where vehicle title fees are pre-allocated to other projects, the company would send data to states while selling access to its portal to banks, car dealers and insurance companies who might benefit from a paperless workflow.

Bigelow explained Ownum’s three other blockchain companies as follows:

  • Vital Chain digitizes the birth and death certificate process, allowing for faster and cheaper access to important records without in-person visits, mail and document fees. It’s in a nascent stage, and Bigelow said he hopes to have a proof-of-concept to show to prospective clients —hospitals, funeral homes, coroners and state governments — by the end of 2019.
  • DigiCredits facilitates the transfer of tax credits in a way that government entities can trace them. Bigelow said the core of the program is built, because it’s the same as the company’s other offerings, but the timetable on DigiCredits’ release will depend on market demand and cooperation.
  • Tech Tags will be part software and part hardware incorporated into vehicles, intended to help state governments ensure the right mileage taxes or other fees are being paid in instances where a vehicle’s owner and user are not the same person — specifically, in the future when autonomous and rideshare vehicles are more prevalent. Bigelow said Tech Tags will involve policy discussions, is several years out and will work with CHAMPtitles.

Well aware of the many blockchain solutions that have failed to catch on, including some of his own investments, Moreno, Ownum’s founder, has learned a few lessons from them. He said he’s confident in CHAMPtitles because of its specificity, manageable scale and relatively fewer number of parties who need to get on board for it to work.

“You have to tackle a small, simple, elegant problem. Other companies … have tried to take on too big of a topic, like for example, voting. … It’s a great application for blockchain, in my opinion, but it’s so controversial, visceral and partisan that it’s very hard to get something like that done,” he said. “With vehicle titles, most voters don’t hold the titles themselves. They’re held by banks, leasing companies or fleets. As a result, you can do things more rapidly than you would with something that touches every consumer or voter. It takes a lot of friction out of the system.”





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UPS Announces Blockchain Integration For Its Merchants


UPS, an American multinational package delivery and supply chain management company, has collaborated with Inxeption, an e-commerce technology company specializing in real-time analytics on blockchain, to rollout a blockchain-powered platform for improving merchant supply chains.

According to the press release published on March 21, the new blockchain platform is called Inxeption Zippy and it will help companies market and distribute their products to consumers through multiple online channels which are managed and secured from one place.

The platform is designed to help merchants monitor the entire supply chain of their products, from listing to the delivery of their products to customers. Its blockchain-based technology ensures that only the buyers and sellers have access to sensitive data like contract-specific pricing and negotiated rates.

Blockchain Enables Seamless Supply Chain Management

The Inxeption Zippy blockchain platform provides merchants with a seamless supply chain management experience from product listing to delivery.

Merchants using the platform can now receive industry-leading supply chain metrics such as UPS global shipping, tracking, and logistics services along with a suite of other capabilities, including:

  • Building a webpage and uploading product information
  • Scheduling orders and shipments and monitoring returns
  • Managing purchase orders, bulk orders, and multimodal shipments
  • Processing transactions by credit card, purchase orders, or financing
  • Conducting search engine marketing
  • Reviewing sales and marketing analytics

According to Kevin Warren, Chief Marketing Officer for UPS, they want to provide a high level of supply-chain management capabilities for B2B businesses, because the growth of the e-commerce industry has expanded beyond fast and convenient shopping for just consumers — it now includes businesses as well.

Adding to this, Warren said:

“Working with Inxeption is another way we’re creating innovative solutions that helps small businesses deliver quality service for their customers and succeed in e-commerce.”

B2B E-Commerce Business Is Growing Fast, Blockchain Tech Is Needed

Per the press release, the business-to-business (B2B) e-commerce industry is evolving fast, and is expected to reach $1.8 trillion by the year 2023. However, the majority of B2B merchants have been slow to adopt online commerce and still make the majority of sales through direct sales or third-party distribution.

This is all set to change, and the companies who do not adapt will be left behind because B2B e-commerce offers merchants an easier, faster, and more manageable way to market and distribute products.

By integrating advanced blockchain technology with global logistics, UPS, and Inxeption are providing B2B merchants with a solution to drive online sales and revenue to new heights.

As stated by Farzad Dibachi, CEO of Inxeption:

“We’re revolutionizing B2B e-commerce and bringing companies and their customers together online in a trusted manner. This relationship creates simplified pricing solutions for B2B merchants with limited digital marketing and IT resources to easily manage all aspects of selling and shipping from one secure place.”

All in all, UPS and Inxeption’s collaborative blockchain platform is just another example of mass adoption. Companies are starting to realize that blockchain technology really does improve industries in a variety of ways.

It’s only a matter of time before the world catch on.

What other blockchain use cases are being adopted by the mainstream? Will 2019 be the year that blockchain infrastructure is implemented into existing businesses? Let us know what you think in the comment section below.



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How Open Financial Tools and Services on the Blockchain Are an Enormous Opportunity for Entrepreneurs


The opportunity blockchain represents is just getting started.


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Outside of all the consistent price speculation and novelty of cryptocurrencies, a compelling trend toward a more open and accessible financial ecosystem has materialized.

Underscoring this movement is the expansion of the infrastructure and regulation required to facilitate a transition toward open financial tools. From standardized identity protocols for KYC/AML (know your customer/anti money laundering) compliance to modular, open-source tools, the digital asset market is converging with traditional economic structures.

For entrepreneurs, the sheer scale of innovation in the sector is dizzying. The narrative of monetary sovereignty that cryptocurrencies have molded has coincided with broader trends toward data privacy and more accessible financial tools for the unbanked parts of the world. The potential for open, decentralized finance is enormous and has become one of the most convincing areas for attracting entrepreneurs.

The movement towards open finance and integrated financial services

Decentralized (i.e., open finance) is commonly defined as an interoperable financial system where the core beliefs revolve around increased accessibility, transparency, standardization and financial inclusion. The notion of wider access to financial tools is especially important.

According to the World Bank’s Global Findex, more than 2.5 billion people globally do not have access to formal bank accounts or other financial services. Cryptocurrencies have inherently lowered the barrier for accessing value storage and transfer mechanisms by removing intermediaries and creating a new class of assets outside of the existing financial system.

However, even assurances for open and censorship-resistant access to Bitcoin are weak and fragile in many areas of the world.

Parallel with the emergence of cryptocurrencies is the emphasis on open financial tools, either built directly on blockchains as open protocols or hybrid services for digital assets offered by commercial entities ingratiated with legacy systems. These projects expand on the concept of cryptocurrencies by building transparent and open financial instruments for creating and tapping into the power of digital assets.

One of the more compelling developments has been the rise of open financial tools — such as MakerDAO, Compound Finance and Dharma Protocol. These projects are open protocols that operate on the blockchain and provide secured lending services.

Secured lending currently constitutes the largest sector of open finance, but other areas such as security tokens and decentralized prediction markets are also gaining traction.

Despite the potential of open protocols, a wholesale transition to open financial instruments on blockchains is unlikely. Instead, the more prudent approach is a hybrid ecosystem of traditional financial services and businesses integrated with open protocols and digital assets.

The reality of an open financial system is only possible with the proper infrastructure and innovations in related spheres. Regulators and financial institutions in the U.S. are gradually warming to the notion of digital assets, but are looking for the right market maturity and infrastructure before diving in headfirst.

As startups have transitioned away from ICOs, a new focus has been placed on security tokens and transparent, regulatory-compliant digital assets. Similarly, models for ICOs have begun to strictly follow KYC/AML processes in an effort to provide assurances against their previous notoriety for fraudulent crowdfunding.

Increasing regulation, identity standardization and data sovereignty

With increasing regulatory oversight comes concerns about data privacy and security, as users traditionally need to duplicate personal data across various industries and markets to comply with KYC/AML processes. Within an open financial system, compliance with regulatory structures will be necessary, but initiatives are underway to make the process much more seamless — via standardization and enhanced data security.

Data sovereignty has coincided with the cryptocurrency narrative of monetary independence. Blockpass is a distributed KYC platform that is one of the primary companies pushing the transition to self-sovereign digital identities, and their work has some crucial implications in open financial systems.

“The issue is that a user’s digital identity is not private to them,” said Blockpass founder and CEO, Adam Vaziri. “Identity consists of the most sensitive information relating to an individual. This is not something that should be controlled by a corporation — it should be developed and controlled by the user.”

The duplication of identification data across myriad companies and industries lead to endemic, high-profile hacks (as reported by 01.Media), and improper use of data by financial institutions and tech companies.

Standardized identity protocols such as Blockpass enable users to store their data locally on their devices and can easily comply with KYC/AML processes across industries via attestations to the authenticity of their identity, without revealing unnecessary personal information. Their model is highly useful for financial service companies in the digital asset sector — such as exchanges — using their identity verification portal. Similarly, a new generation of ICOs and STOs are targeting regulatory-compliant launches.

A standardized and open financial ecosystem

The future landscape of an open financial system built on open protocols and hybrid financial services is an exciting proposition. For entrepreneurs, the rapidly expanding market presents some unprecedented opportunities for building in a cutting-edge field that is reshaping an outdated financial model.

As countries transition to cashless societies, Bitcoin and other cryptocurrencies provide a fundamental hedge against the privacy and censorship-prone abuses that come with an absence of cash. A hybrid system of open financial instruments and cryptocurrencies creates an environment where the billions of unbanked in the world can enter into the modern digital economy with monetary and data sovereignty on their side.



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Bank Independent Network for the Blockchain?


BinCoin

The Bank Independent Network is a new initiative that seeks to apply blockchain technology into the Banking and Finance industry in order to recreate a new financial era by replacing the current banking system. The project also aims to create a global banking economy where users all around the world are empowered to authenticate and transact without any costly intermediary.

What Is BinCoin?

BINCOIN will function as a decentralized cryptocurrency payment system running on open-source software that is not governed by any bank, government, or financial entity. With BinCoin, investors or traders can access services such as P2P loans, insurance, merchant gateway, crypto exchange, and wallet and debit cards. BinCoin also allows startups to launch as well as manage their ICO projects.

How BinCoin Works

BinCoin has a crypto debit card that enables instant liquidity by allowing users to spend coins and tokens in all fiat currencies globally without incurring exchange fees. Users can manage the debit card on the BinCoin platform or even top up the card with Bitcoin, Ethereum, Litecoin, Monero, Dash, or any other cryptocurrency.

BIN Merchant and BINEx is the core of the BIN ecosystem as it will disrupt the way we make or receive payments through a secure online platform using, buying, selling and transferring cryptocurrencies while connecting to other buyers and sellers. BINEx will bridge the gap between cryptocurrencies and the real through its physical stores where users can easily buy or sell crypto.

BinCoin has a BIN Pay Chat Feature where users can send, receive, or transact with BinCoins while they chat with family, friends, or clients through the Peer-to-Peer Messaging System. The Pay Chat feature is integrated into the Bin App wallet that features USD and EURO fiat currency conversion rates, Graphical Statics Information, QR Code Support for payments, and ability to manage accounts or view transaction history.

Stores or businesses can use the BIN POS App into their systems so that it can accept crypto payments for its products or services. To make payments, customers only need to scan the QR code or share their crypto address to any phone media.

BinCoin Benefits

Doesn’t Require Permission

The current financial system limits numerous people access the services of banks and visas since they might be rejected from opening records. However, on BinCoin, users do not require any permission for them to use the products and services offered by BinCoin.

Quick International Settlements

BinCoin is a worldwide platform that is always operational 24/7; therefore as long users keep their private keys secure they can use the products of the BinCoin to make international payments in a fast, secure, and transparent manner.

Lack Of Spending Limits

Banks have restrictions on buys and withdrawals with spending limits for each day. This is not the case for BinCoin as it does not have any spending limit and users can send, buy, or use as much cryptocurrencies as they require.

BinCoin BIN Token ICO Details

Parameters Of The ICO

  • Token: BINCOIN
  • Token protocol: CryptoNote
  • Total token supply: 100,000,000
  • ICO token supply: 50,000,000
  • ICO Date: March – May 2019
  • Token price: 1 BINCOIN = $0.10
  • Accepted currencies: Bitcoin, Ether
  • Soft Cap: $5,000,000
  • Hard Cap: $20,000,000





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Visa Is Avidly Fishing For A Crypto Blockchain Dev Hero






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