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The state of bitcoin today is highly discouraging. Watching grown men hurl insults at each other on Reddit and Twitter is just sad.
When I became involved in 2013, bitcoin's potential seemed endless. It was heralded as a possible solution for micropayments, remittances, microfinance, parking meters, email spam and so on. Many women, myself included, believed in bitcoin as a means to address world problems of poverty by providing access to capital for the remaining three-quarters of the world.

As time passed, I became discouraged that many needed use cases did not come to fruition. Startups attempting to build companies with those business models have died. Anything involving small payments in bitcoin has been mostly eliminated due to high fees.
The most popular use case is as a store of value. It's not to say that isn't useful: in the growing number of countries with devaluating currencies, bitcoin is an attractive alternative. Bitcoin has had an indelible impact as a groundbreaking technology. But it's disheartening that it has stalled in doing more.

There are fundamental issues that will likely never be solved, as evidenced by the two-year debate on how to scale bitcoin. The community is more divisive than ever. I can't help but think part of the reason it's so dysfunctional is because it's devoid of women.
Women (or any rational person) do not want to participate in this dystopian community: it's juvenile and filled with vitriol. Bitcoin desperately needs a Patronus Charm, "a pure, protective magical concentration of happiness and hope.” [1]

My disappointment in bitcoin caused me to look at the blossoming landscape of alternate blockchains: eg litecoin, zcash, monero, ethereum and dash have all grown in market size and popularity.
It's clear that more alternative coins (altcoins) will develop innovative solutions and come to market. This is why MimbleWimble caught my interest.

Starting point
As a brief background, the original MimbleWimble white paper was placed by someone called Tom Elvis Jedusor (Voldemort’s French name in JK Rowling's Harry Potter book series) on a bitcoin research channel in July 2016.

Tom's white paper "Mimblewimble" (a tongue-tying curse used in "The Deathly Hallows") was a blockchain proposal that could theoretically increase privacy, scalability and fungibility. It remained theoretical until recently.
At the end of 2016, someone named Ignotus Peverell (the original owner of the invisibility cloak, if you know your Harry Potter characters) started a Github project called Grin, and began turning the MimbleWimble paper into something real.

Andrew Poelstra, a mathematician at Blockstream, presented on this work in January 2017 at Stanford University’s Blockchain Protocol Analysis and Security Engineering 2017 conference. More recently, Ignotus posted a technical introduction to MimbleWimble and Grin.

It took me a while to wrap my head around MimbleWimble. The more I internalized it, the more hopeful I became that something more magical than bitcoin could appear. I will attempt to explain MimbleWimble and why what it proposes – privacy, freedom of choice, equal access, fungibility, and sustainable growth over time – are so important.

Privacy matters, a lot. One of the most important rights we have is the right to privacy. It’s our right to “keep a domain around us, which includes all those things that are part of us, such as our body, home, property, thoughts, feelings, secrets and identity." [2]

Privacy matters
I consider privacy extremely important.
It's very apparent how valuable it is when you lose it or when someone violates it. In my 20s, I was stalked. A person whom I had met in passing on a military base waited for me after work and surreptitiously followed me home.

He did this for several weeks – all unbeknownst to me – until one day he knocked on my door and told me he had been following me and professed his undying love. I immediately slammed the door and called the local and military police. I lived alone in the woods and was so freaked out that I moved.

Only someone who has been stalked can understand how frightening this experience was. To this day, it affects many of my behaviors to guard my privacy.

Physical trespass of privacy is often preceded by online privacy violations. Recent events, such as Congress granting ISPs (internet service providers) the right to sell your personal information – browsing habits, app usage history, purchasing habits, location data – are very concerning.

As Luke Mulks from Brave elegantly wrote, "[Y]our digital data trail is the evidence of your human presence online. Your data is valuable, private, and most important, it’s yours."

What's available
If we cannot rely on our legislature to protect our constitutional rights (can we rely on them for anything anymore?), technology needs to intercede to make it harder for greedy capitalists to put your privacy up for sale.

Privacy extends to what to share publicly about what we buy or whom we donate to. These transactions should not be open for all to see.
Women, especially those trying to escape repressive social or economic conditions, have a dire need to stay anonymous. That's a fundamental flaw in bitcoin: every transaction and address balance is available for the world to watch and track.

There are some things you can do to hide your transaction, such as tumbling, but you need to go out of your way to use them and they are breakable. Privacy oriented cryptocurrencies like monero and zcash improve privacy significantly.
In monero, the transaction is not natively private, but relies on ring signatures to mask exchanges. Zcash leverages a technology called zk-snarks to build private transactions, which is a huge improvement.
However, it still requires a lot of extra resources to build a confidential transaction, so most users still issue their transactions "in the clear" (clear vs shielded counts).

The big change
MimbleWimble is natively private.
There are no ring signatures or zero-knowledge proofs on top of a transparent bitcoin-like transaction. In a MimbleWimble transaction, all values are fully obscured. There are no reusable or identifiable addresses. Every transaction looks the same to an outside party.
The two properties verified in a MimbleWimble transaction are:
  1. No new money is created
  2. The parties sending money must prove ownership of their keys.

To verify no new money has been created, you must demonstrate that the sum of outputs minus the inputs equals zero. To verify key ownership, the transacting parties must legitimately prove their public and private keys exist to authorize the transaction.
MimbleWimble uses a blinding element to obscure all values – transaction amounts and keys – while holding true basic mathematical facts. The blinding element relies on multiplying and adding secret factors to obscure real values.
For example, let's say I have a transaction with these amounts:
(1) 17 + 12 = 29

The balanced equation shows no new money was created, complying with property 1) above. The equation remains true if I apply a secret blinding number (eg 11) to all terms.

(2) 17*11 + 12*11 = 29*11

Without knowing my secret number 11, you would have a hard time guessing what the original transaction values are in this equation.

(3) 187 + 132 = 319

In equation (3), I’ve managed to keep both the values and blinding number private while still allowing others to verify I have not created new money in my transaction.
The big picture
Still don't think this is a big deal? MimbleWimble offers other extensive benefits that indicate it could form the foundation of the kind of network bitcoin was meant to be.

Freedom of choice
By obscuring all values, MimbleWimble provides full privacy and gives you the choice of what to reveal. It's similar to donor levels in various non-profits. You’ll see the range a donation was made for, but you don’t necessarily know the exact donation.
Both the donor and the non-profit know exactly how much was donated, but no one else needs to know.
This "right to privacy gives us the ability to choose which parts in this domain can be accessed by others, and to control the extent, manner and timing of the use of those parts we choose to disclose." [2]

Equal access
Another aspect of bitcoin that disturbs me greatly is there is little opportunity left for an average person to participate in securing the network. The requirement of a highly specialized and expensive chip for bitcoin mining – the ASIC – has almost eliminated anyone from becoming a bitcoin miner, whose primary responsibility is validating transactions and placing them into blocks.
The mining community is now heavily centralized and this has greatly contributed to bitcoin's woes.

The ability to grow over time while still providing equal opportunity to participate are key tenets of Ignotus' Grin implementation of MimbleWimble. Grin is designed to be ASIC resistant, so that anyone who wants to try mining can buy a widely available GPU chip at a local Best Buys or online for a reasonable price.
Making MimbleWimble ASIC resistant democratizes access. I’ve even toyed with the idea of building a GPU miner with my kids to see what it can do.

Ability to grow over time
Another way to safeguard equal access over time is to ensure the blockchain network doesn't get dragged to a standstill when transaction volume increases.

This is the core issue in the bitcoin block-size debate: there are more transactions than can fit into a 1Mb block. As long as there's a restrictive size limit, there will be a capacity issue. A dirty little secret is that to get around scalability issues, almost all payment processors and exchanges do off-chain transactions. Which begs the question: why bother using a cryptocurrency with blockchain?

Increasing usage will increase transaction volume. So how do you ensure that a block size can continue to accommodate volume increases? By streamlining each block.
The principle is similar to simplifying equations. If there are terms that are identical on both sides of an equation, you can cut them:
(8) 2+y = x+2
(9) 7+3+5+4+2+y = x+7+3+5+4+2

Both equations (8) and (9) simplify to:

(10) y = x

MimbleWimble maintains that if an output spends an input, you no longer have to keep them because they cancel each other out. This greatly cuts down the amount of data you have to store and process.

The only data that nodes keep is unspent outputs and block headers. Instead of thinking of blockchain capacity in terms of number of transactions, MimbleWimble is designed to grow with the number of users. The streamlined blocks make growth sustainable over time as the transaction data set does not continue to get bigger.

This increases privacy since transaction data gets removed and it also enables fungibility.

Fungibility is the ability for equal units to be interchangeable.
Let's say I give you a dollar – either as a coin or a paper note. The Federal Reserve prints the paper dollar and the US Mint produces the coin dollar, but both are equal. Neither is lesser or greater than the other and you can chose to use a dollar coin or bill interchangeably.
This is a key characteristic of currency: equal units must be interchangeable, or fungible. The US dollar is fungible. Bitcoin is not.

The bitcoin blockchain keeps every single input and output forever and so each coin carries a legacy. It's similar to equation (9) above.
Another dirty little secret is that when picking which transactions to process – in addition to the fee – payment processors, miners, and exchanges will look at the inputs (ie 7+3+5+4+2) to assess the quality of the transaction. The consequence is one bitcoin is not fungible with another.

The most valued bitcoins are called 'coinbase transactions', which are the ones created when a block is found. They are newly minted and 'clean' and some parties pay a premium to buy them. A hierarchy in coin quality develops. The consequence is, if you receive bitcoins that have inputs that are tainted (eg they have been used in a dark market), spending them may become increasingly difficult.

In MimbleWimble, because the (7+3+5+4+2) inputs and outputs are all discarded when spent, each coin is exactly equal to the other. In other words, MimbleWimble coins are interchangeable and fungible.

I'm very hopeful seeing the accelerating pace of research and innovation in public blockchains.
If privacy and scalability are solved, MimbleWimble could be the Patronus Charm for bitcoin, perhaps as a complementary sidechain. Imagine what a universal fungible digital coin could enable with access for everyone.

One hesitation I have, however, is that many people developing it have taken on Harry Potter-themed pseudonyms. It's understandable given the personal attacks rampant in the community, but it does conjure a mystical aura. I’m glad Andrew Poelstra, a highly qualified real figure, is actively involved with MimbleWimble.

I hope I can add my voice to the mix, also as a real person. I realize that by not using a pseudonym, I'm opening myself to the troll armies. I’ve attempted to explain why MimbleWimble is interesting to me.

I hope it intrigues enough people and inspires both men AND women to engage early; it would be great if this community doesn’t wind up as a testosterone-filled boys club.

Apparently, Merope Riddle (Lord Voldemort's mother) is already very involved in MimbleWimble’s development. I believe it’s worth learning, participating in its genesis, and helping to develop a healthy community around it.

Read More Read More, Posted by: halfgray
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Another billionaire has come out after Mike Novogratz to indicate he’s put some money into digital currencies, particularly in Bitcoin. His name is Mike Cannon-Brookes and he is co-founder of the collaboration software firm Atlassian based in Sydney, Australia.

According to Forbes, his real time net worth as at May 1 stands at $2.4 bln. Cannon-Brookes’ business partner is billionaire co-founder, Scott Farquhar, who recently bought Australia's most expensive house - the $70 mln Point Piper estate Elaine. They are the only individuals under the age of 40 on Forbes list of Australia’s richest people.

Betting on Bitcoin much like a horse racing
Cannon-Brookes made a tweet last week to confirm his bet on Bitcoin and how it has turned out well. Unlike Novogratz, who disclosed that he has 10 percent of his net worth in the cryptocurrency space and described it as the "best investment of my life", Cannon-Brookes doesn’t seem to consider his as an investment.
He did not say in any of his tweets about the digital currency how much he put into Bitcoin or whether he is holding other cryptocurrencies as well.

According to the Sunday Morning Herald, Cannon-Brookes, whose firm has no sales team but boasts NASA, Tesla and SpaceX as customers, is understood to have a number of public bets in the cryptocurrency space via tech investor Blackbird Ventures and bank disrupter Tyro. He is currently working with Elon Musk to bring Musk's battery technology to Southern Australia.

What fraction of wealthy people could have Bitcoins?
Though it is unclear what the fraction of wealthy people who are presently owning some Bitcoins could be, disclosures of this nature show that the belief that those who own the digital currency are mostly minions is not completely true.

It also, in a way, confirms the view that main investors have started getting involved in Bitcoin by investing a part of their money.

This could be in line with the advice of billionaire bond manager Bill Gross who in his investment outlook letter last year picked Bitcoin as an attractive storage of wealth for investors.

According to, less than 150,000 Bitcoin wallet addresses - about one percent of the total addresses available - have 10 or more Bitcoins each and they keep almost 90 percent of the total Bitcoin currently in supply.

While individual owners may not be identified, some of the wallets could be for cryptocurrency exchanges or other businesses.

Read More Read More, Posted by: halfgray
Hi everyone, a Stellar newbie user here. Quick question, is it possible to implement Asset management kind of apps/contracts over the stellar protocol  such as the one described in the melon project. Afaik, options, bonds and some other financial instruments can be implemented, wonder whether it can go further than that or it has to be done on the edges and only use the stellar network as a clearing house. Thanks!    

greenpaper GitHub link

Read More Read More, Posted by: sr51pan
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There are quite some intriguing developments to be found in the world of bitcoin and cryptocurrencies. Parity Technologies has released their Bitcoin technology stacks, which also features a new implementation of the Bitcoin protocol. This client is focused on performance and reliability. Now is a good time to take a closer look at that what the Parity Bitcoin client is all about.

It is not surprising to find out a lot of people have no idea what the big deal is regarding this project. Parity Technologies is a business venture comprising of a large number of developers who created Ethereum and its commercial implementation. This team has also taken a keen interest in bringing improvements to the Bitcoin protocol, as it suffers from issues regarding performance and reliability, in their opinion.

What the Parity Bitcoin client does is address these problems and do so in an open manner. The source code of the project can be found on GitHub, which allows anyone in the world to build on top of this existing codebase moving forward. The entire project has been built from scratch, with a strong focus on proper software development. Moreover, it is fully compliant with the legacy Bitcoin implementation.

It is also worth mentioning the project is written in the Rust coding language, which is both fast and secure at the time same. In fact, the ZCash team has been using Rust as well in recent months. This new coding language offers speed improvements at any code and seems capable of allowing developers to introduce a lot of new features in the future.

Moreover, quite a few parties have been supportive of the development of the Parity Bitcoin client. F2Pool, Bitmain, and Bixin are some of the initial sponsors of this venture. Parity Technologies is a VC-funded enterprise, and their Parity Ethereum client has received a lot of praise since its release. Moreover, the Ethereum client can be integrated directly into a browser, and the same now applies to its Bitcoin counterpart.

While the Parity Bitcoin client is mainly designed as the new go-to solution for developers, it is also a good addition to the list of alternative protocol implementations. We have highlighted several of those implementations in the past, including the likes of Bcoin, btcd, and others. A growing diversity of bitcoin protocol implementations can only be seen as a positive development.

Moreover, the Parity bitcoin implementation can bring us one step closer to a successful integration of Schnorr signatures for bitcoin users. As we talked about earlier, Schnorr signatures provide additional features to bitcoin users all over the world. Parity Bitcoin can serve as a test bet ecosystem to test the viability of such an implementation before it becomes part of the main Bitcoin protocol.

Read More Read More, Posted by: treyxion
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The Summer is almost upon us and it appears the number of bitcoin cloud mining scams is increasing exponentially. Micro-BTC is another platform – quite similar to Micro Mining – that claims to provide cloud mining services to bitcoin investors. No one should invest their money in this platform by any means, as it offers no proof of its mining capacity whatsoever.

It is not hard to spot the bitcoin cloud mining scams these days, as most programs offer virtually the same experience every time. Micro-BTC is no different in this regard, as it is another one of those cloud mining scams that provides users with a free 15KH/s of mining power as a welcome bonus. This is also a clear indication the company would never mine bitcoin in the first place, but stick to altcoins instead.

Moreover, Micro-BTC also guarantees profits to all investors, which is impossible in the cryptocurrency ecosystem right now. Lifetime profits from cloud mining contracts can never be provided in a legitimate manner. Most mining contracts only run for a year or less, for obvious reasons. Any company claiming to offer an extended period of cloud mining is most likely a scam by default.

The different mining plans provided by the company are not overly spectacular either. Users are mining Scrypt coins at all times, which means there is very little room for profitable cloud mining whatsoever. That said, the company offers packages starting at US$0.31 per KH/s, all the way down to US$0.23 per KH/s depending on how much mining power one looks to purchase. Every plan is also subject to a hashpower bonus, which is very suspicious at best.

What is rather interesting is how the site hosts a camera at their mining farm. When looking at the livestream however, there is no sound whatsoever, and most of the racks visible are completely empty. It is also a still image by the look of things, as nothing is happening whatsoever. In fact, there aren’t even any blinking lights indicating hardware is being put to good use. A nice trick to sway people’s minds, but it is not hard to see through it.

Once again, this is a company providing no credible evidence of their cloud mining operations. There is also no public history of payouts made to users, although that is not all that uncommon. Offering bonus hashrate for customers and guaranteeing lifetime earnings is a clear sign of a Ponzi scheme, though. Additionally, there is an affiliate program in place, although none of this information is listed on the website, as it redirects to the homepage. It is evident the team has not put much effort into building a credible website for Micro-BTC whatsoever.

To make matters worse, Micro-BTC lists no public information regarding the company’s address, staffers, or registration number. It seems this company operated out of the UK – or claims to do so – based on the WHOIS information, which is also handily hidden from prying eyes. There is no reason to invest in Micro-BTC whatsoever unless you enjoy losing your bitcoin balance to scammers.

Read More Read More, Posted by: treyxion
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While there are many different methods for evaluating the price of bitcoin, fundamental analysis may be the most integral for figuring out its true value.

Fundamental analysis is the evaluation of economic, financial and other key variables, known as fundamentals, to determine a security's true value. This differs from technical analysis (the counterpart to fundamental analysis) in that the former is more interested in looking at a security's price movements to make better-informed decisions.

When evaluating bitcoin, though, investors are keen to evaluate key aspects of the cryptocurrency's underlying technology, for example, how its scaling challenges might affect the digital currency's value.

After all, if the digital currency's transactions grow costly and time-consuming on account of block size limitations, this could reduce demand, in turn lowering the price.

Laying the foundation
While investors use fundamental analysis to evaluate different asset classes, such as equities and fiat currencies, several analysts assert that using this approach to evaluate bitcoin is more complex.

For instance, investors can evaluate a company's stock by looking at certain items on its balance sheet, but bitcoin does not produce revenue or earnings numbers.

Jacob Eliosoff, a cryptocurrency fund manager, spoke to this situation, telling CoinDesk: "It's hard to derive an even remotely precise valuation for bitcoin from future cashflows", the way you can for other assets such as General Motors stock.

As a result, traders interested in conducting fundamental analysis on bitcoin have developed "a whole new set of metrics," according to Charles Hayter, founder and CEO of CryptoCompare.

However, even though bitcoin has been described as a new asset class, the same rules that apply to fiat currencies also apply to cryptocurrencies, said Tim Enneking, chairman of Crypto Asset Management. "All the laws of economics apply – in full – to cryptocurrencies," he said.

As a result, he emphasized that the starting point for all fundamental analysis should be the supply and demand that drives prices.

Key role of demand
Several variables affect bitcoin demand, including user adoption, transaction activity and trading.
Many analysts noted the importance of user adoption, which is crucial to a cryptocurrency's long-term viability. As for what drives user adoption, the analysts said money can have many uses. At its most basic level, money is a store of value, a medium of exchange and a unit of account.

Outside of small circles, bitcoin has never really been used as a unit of account, said Enneking.
But bitcoin has managed to gain significant traction as a medium of exchange. Hundreds of companies – including eBay and PayPal – have agreed to accept the digital currency since its inception in 2009.

In addition, the number of confirmed transactions per day has generally followed a steady, upward trend, according to data from Blockchain. Transactions started surging in early 2012, rising from more than 7,000 per day at the start of April 2012 to more than 300,000 per day now.

While this data is informative, Eliosoff asserted that it's not the best indicator, because many blockchain transactions are "generated by automated systems and don't represent economic activity, [especially] on scalable chains with low fees."

Instead, traders must figure out which transactions are an actual person sending to or accepting from another person.
But as bitcoin obtains more widespread adoption and retailers aren't seeing increasing sales via bitcoin, there's been a major shift in focusing on the cryptocurrency as a medium of exchange and to a store of value, concluded Enneking.

Arthur Hayes, co-founder and CEO of leveraged bitcoin trading platform BitMEX, said similar things, telling CoinDesk that the extent to which bitcoin is perceived as a store of value is a major driver of the digital currency's price.

Key role of supply
While demand for bitcoin can be a complex study, supply is a bit more straightforward.
The bitcoin protocol limits the total number of units at 21 million, and 16.3m bitcoins were in circulation at the time of reporting. Further, the rate of new supply is also determined by the bitcoin protocol. This contrasts sharply with the traditional monetary system, in which central banks have the ability to print money whenever they want.
However, there are some caveats that affect bitcoin's supply.

For starters, Satoshi Nakamoto, the pseudonymous creator of bitcoin, supposedly holds roughly 1.1m bitcoins which have not moved since they were mined. And many people in the bitcoin community think they won't ever be, seeing these coins as "dead bitcoins." Past that, it is impossible to know just how many "dead bitcoins" there really are, noted Enneking.

That's because for the first several years of bitcoin's existence, units of the digital currency didn't have much monetary value. When the price began moving upward, stories of people throwing away hard drives that held the private keys for their bitcoins were commonplace.

Major events
Analysts also noted the key role major events play in determining the price of bitcoin. These incidents are sometimes directly related to bitcoin, such as the hack of a major exchange, or a setback in the community's push to solve the scaling dilemma.
However, Enneking told CoinDesk:
"The events that impacted bitcoin prices the most were non-bitcoin events like Cyprus and Greece."

BitMEX's Hayes also spoke to the importance of macroeconomic events, emphasizing that ones fueling instability usually bolster alternative assets like bitcoin.
ARK Invest's Chris Burniske agreed. During times of economic turmoil, bitcoin can act as a "disaster hedge," he said.

Key considerations
By leveraging fundamental analysis, bitcoin traders can get a better sense of the cryptocurrency's true value and get a better sense of whether it's a good time to buy or sell.

However, some analysts criticize fundamental analysis because it reflects more what a security should be worth than what its actual market price is. Relying too much on fundamental analysis, without also using technical analysis, could cause a trader to buy or sell at a less-than-ideal time, they said.

To manage this risk, bitcoin traders can combine fundamental analysis with technical analysis. For example, a fundamental analyst might look at several indicators of demand, concluding that bitcoin is underbought, and then leverage technical analysis by reading charts to find the best entry point.

Alternatively, a trader might use technical analysis to determine that it's a good time to sell, and then leverage fundamental analysis to confirm this view by looking at key drivers of demand.

Read More Read More, Posted by: treyxion
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Overstock’s blockchain technology arm, Medici Ventures, has partnered with Bitcoin consumer financial services platform Ripio to democratize access to financial services in emerging markets.
Medici Ventures Partners with Ripio
[img=300x0][/img]Medici Ventures, a wholly owned subsidiary of Inc., announced on Wednesday that it has invested in Bitcoin consumer financial services platform Ripio. “We are super excited to partner with Medici Ventures team,” said Sebastian Serrano, CEO and co-founder of Ripio, adding that:
[i]This investment and their experience will help us leverage our vision of democratizing access to financial services in emerging markets.[/i]
[img=300x0][/img]Commenting on the partnership, the president of Medici Ventures, Jonathan Johnson, explained that Ripio has “the type of life-changing application of blockchain technology” his firm is interested in. He cited the startup’s simplified peer-to-peer payment system “that is accessible to anyone with a smartphone, no matter his or her level of technical sophistication.” As part of the partnership, Medici Ventures will also “take an observer’s seat in Ripio’s board of directors meetings.”
Ripio’s Bitcoin Financial Services
[img=300x0][/img]Launched in 2014 by Bitpagos, a bitcoin payment processor focussed in Latin America and emerging markets, Ripio claims to have more than 70,000 users across Argentina and Brazil. In addition, the company is in the process of expanding to other countries in the region, including Mexico and Colombia.
The startup offers a suite of Bitcoin financial services, such as buying and selling bitcoins in local currencies and making online payments at thousands of websites and stores. According to the company:
[i]Ripio’s Bitcoin financial services suite utilizes the blockchain and traditional payment rails to allow Latin America’s unbanked and underbanked population (as high as 70% in some areas) to buy and sell bitcoins using local currencies, and to pay for goods and services through a simple, direct transfer to peers and merchants.[/i]
In January, Ripio raised USD$1.9 million to promote financial inclusion in South America using Bitcoin. The startup revealed at the time its plan to use the new funding to expand services into Brazil and Mexico. Initially, the company will be offering its wallet service, but will later add a consumer credit system as well.
[img=300x0][/img]In May, the company launched a credit system in Argentina called “Ripio Credit” on top of its wallet offering. It allows people who are unbanked or without a credit card to make purchases online. Using the blockchain, the startup “created a payment system that enables users to buy goods online without the need for a credit card, or credit check,” Techcrunch reported, noting that for this service “no actual bitcoin is involved for either merchant or buyer.”
Once consumers apply for the card, it takes the company about a day to check the consumer for credit, the publication details, adding that “those that use the Bitpagos’ bitcoin wallet can be approved instantly because they have a payment history.” Ripio’s website states that its credit system allows users to “pay in installments in any store accepting bitcoin.”
What do you think of the partnership between Medici Ventures and Ripio? Let us know in the comments section below.

Images courtesy of Shutterstock,, Medici Ventures, and Ripio

Read More Read More, Posted by: sekalitas
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It’s been some really quite interesting weeks lately in crypto land.

Scaling hasn’t been much of topic for the last years – and boom – now it’s front and center. Bitcoiners used to clobber anyone who thinks miners having different incentives than currency holders is a problem.

Now it’s suddenly consensus on r/bitcoin. Not only are there repeated threads saying a change of the Proof of Work algorithm might be necessary, I’m actually seeing more and more suggestions to switch to Proof of Stake! I can’t believe my eyes! Just the mere mention of it even half a year ago would have brought you into downvote hell and 500 angry “nothing at stake” chants, before your post got shadow banned. I’m not saying that it’s a majority position by any means, but what a difference!

Crypto alts’ cap goes ^

The changing tides are sweeping a lot of money into the alts. The combined crypto cap is exploding:


While Bitcoin’s share of it is decreasing. The pace is accelerating towards parity. That could be a huge deal with unclear implications (…but don’t dare mention this on r/Bitcoin).


How Ardor fits into the mix

There is a major sea change going on, and props to the Jelurida dev team to see this long ahead: Designing Ardor specifically around scaling capabilities, puts it in a position to take advantage of the situation. Now there is just the question if this can somehow get attention. So far it is always Ethereum that gets used as example for Proof of Stake. Once again, it took the spotlight. It also gobbled up the biggest gains. Ardor seemed to have merely been swept up with the tidal wave that took all alts along.

I don’t know if all that will change to the best of Ardor and NXT. But I’m sure: This ain’t over. And people are still either in denial or stuck in old ways of thinking.

  • The Bitcoin wars will get worse.
    First off, there is AsicBoost, which is worth millions in advantage for parasitic miners. Why would they give that up for anything? Higher market cap doesn’t help their bottom line, they live of higher margins. A fork of some sort either will happen or must at least come close enough that these miners must fear trashing their hardware.

  • Disruption will be huge either way. The user experience will be a disaster. Alts will pick up refugees… but if Bitcoin suffers too much, all crypto will take a hit.

  • The miner problem is, of course, deeper anyways. It’s an incentive problem that will return. Miners, they only care about users and hodlers if it somehow helps their short-term earnings.

  • What also clearly came to light is that the monopoly is even worse than anyone thought: It’s the hardware! That’s all done by basically one manufacturer in one location – with the ability to legally block supply for anyone who doesn’t agree with their plans. Bitmain is abusing this already. That skews not just which miners can join, but also how much existing ones dare to contribute to debates.

  • People still don’t understand the scaling issue. It seems bizarre to me that Ethereum/Monero/Dash are seen as solutions. All these have exponentially worse situations should they ever catch on remotely as much as Bitcoin.

  • It’s just that neither Ether or Litecoin are used enough to make clear to everyone that they have the exact problem Bitcoin has – or worse.
So there is Ardor, with an actual solution. My fear is that people might once again overlook it, just like NXT was laughed at when it pioneered what is now the altcoin standard. Maybe it’s premature optimization. But it might be the right unique selling point at just the right time.

One joker card could be the Lightning network or the “sharding” that Buterin promises. Basically, they could change the landscape of the scaling discussion – and make it a non-issue. But it’s just promises so far. Maybe someone more knowledgeable can shed some light one that angle.
Anyways, the potential in the upcoming year is huge – and that’s what speculators are trading on.

This article was first posted in

Read More Read More, Posted by: lidya.fransisca
[Image: shutterstock_394488730.jpg]

It is not hard to see the cryptocurrency world has successfully attracted a lot of nefarious individuals looking to scam others. In fact, it appears there are more bitcoin-related scams showing up every single day. As one would expect, there are a few different types of scams that are more prevalent than others. Never change a winning tactic, according to criminals.

Virtually every platform offering bitcoin investment should be treated with a lot of scrutiny. While there is a way for people to make money with other’s money  – trading altcoins, for example – no one has successfully done so on a large scale. Trading itself is a very risky business, yet it is also the most legitimate way to increase cryptocurrency holdings over time.

Unfortunately, there are quite a few large-scale investment opportunities, all of which will eventually turn into a scam. Ponzi schemes in the bitcoin world will always attract desperate people and shills, and there is quite an abundance of these programs available right now. Never trust any online platform claiming to let you earn money without doing anything.

The Cryptocurrency world is home to some great innovation, especially where mining hardware is concerned. Gone are the days of FPGA mining, as it is all about ASICs right now. There are quite a few companies who claim to manufacture hardware, and most of them will offer pre-sale discounts to anyone investing in that company. It is not surprising a lot of these companies offering pre-sales are complete scams, as most of them do not even have any ASIC research and development lab whatsoever.

One of the more recent scams revolving around bitcoin mining hardware goes by the name of Foxminers. The company provides no evidence of their mining hardware or research. Companies like these often trick people into depositing funds in the hopes of getting a cheaper new bitcoin miner. However, they will continue to delay shipping and eventually run off with the money.

Perhaps the biggest industry of bitcoin scams comes in the form of companies claiming to run a cloud mining operation. One of the biggest cryptocurrency cloud mining scams to date goes by the name of HashOcean, a company that successfully paid miners for over a year until they finally disappeared and could no longer maintain paying out users accordingly.

Every cloud mining venture should be looked at very closely, as the number of legitimate companies can be counted on the fingers of one hand. Even then, ensuring a return on investment is virtually impossible due to volatile bitcoin prices and mining difficulty increases. Cloud mining can be somewhat lucrative if one is lucky, yet directly buying the cryptocurrency in question and holding onto it for the same duration as the mining contract will usually generate better returns.

Read More Read More, Posted by: treyxion
[Image: bitc1.jpg?itok=I3VA0L94]

Bitcoin has long been the transaction currency of choice for drug dealers and extortionists, but this month, the IRS has upped the game. Just as tax evasion finally took down Al Capone, now the IRS is looking for tax evaders and other tax cheats who have been using Bitcoin in an attempt to hide their tracks.

The IRS recently subpoenaed customer records from Coinbase, a leading Bitcoin exchange. However, the subpoena is but the latest skirmish in a years-long war against criminals who have been leveraging Bitcoin for a wide variety of nefarious purposes.

The specifics of the IRS subpoena, however, make one thing clear: the majority of Americans who trade in Bitcoin are likely breaking the law.
Coupled with Bitcoin’s popularity among ransomware extortionists and all manner of other cybercriminals, we must now face a chilling realization: the underlying value of Bitcoin really has little if nothing to do with its artificial scarcity or popularity as a medium of speculation.

On the contrary – the only reason Bitcoin has value to anyone is because of the underlying value as a medium of exchange for lawbreakers. If we could flip a switch and eliminate all illegal uses of Bitcoin, there would be nothing left of the cybercurrency.

The ‘John Doe’ Summons
The most recent order from the IRS to Coinbase is a ‘John Doe’ summons, which means that the IRS isn’t naming any particular Coinbase customers, but is rather issuing a blanket request for information about a large number of individuals – even though the IRS may not have any suspicions about all of them.

In response, Coinbase says that while it has a policy of complying with all legal orders (of which this is one), it believes this one overreaches, and is thus fighting it in court. “Suffice to say, we feel the IRS’s subpoena is overly broad and incorrectly implies that all users of virtual currency are evading taxes,” writes Coinbase Cofounder and CEO Brian Armstrong in a blog post. “Asking for detailed transaction information on so many people, simply for using digital currency, is a violation of their privacy, and is not the best way for us to 
accomplish our mutual objective.”

The IRS, however, is on firm ground with the John Doe summons. “The IRS uses John Doe summonses to obtain information about possible violations of internal revenue laws by individuals whose identities are unknown,” the agency says. “The IRS not only has a suspicion that the John Doe class includes U.S. taxpayers who are not complying with the law – it knows that the class in the past included such violators, and very likely includes others,” it continues.

Such noncompliance, in fact, may not always be intentional. It’s likely many Bitcoin enthusiasts are inadvertently running afoul of IRS’s guidance that Bitcoin is property, not currency. As a result, every Bitcoin interaction is potentially taxable individually, leading to a paperwork headache for active Bitcoin traders.

Be that as it may, the IRS has reason to suspect virtually all Bitcoin traders have fallen into this trap. According to the IRS, it “searched the MTRDB [Modernized Tax Return Database] for Form 8949 data for tax years 2013 through 2015.” Form 8949 is the one that Bitcoin traders must use to report their activity. “Those results reflect that in 2013, 807 individuals reported a transaction.” Furthermore, the number for 2014 is 893 and for 2015, it dropped to 802 individuals.

Given the number of US citizens to conducted at least one Bitcoin transaction in 2015 probably numbers in the tens or hundreds of thousands, 802 is a mere drop in the bucket. The IRS is quite justified in presuming, therefore, that the vast majority of American Bitcoin traders are breaking the law.

Rationalization to the Rescue?
Armstrong’s exhortation that the IRS summons implies that all users of virtual currency are evading taxes is thus an overstatement. More worrisome, however, is his opinion that taking a legal action to enforce tax law is a violation of privacy.

The blogosphere, in fact, is rife with related rationalizations. The most extreme Libertarian proponents of Bitcoin are against taxes and the IRS in general, and even for those individuals who allow for the necessity of taxation, many believe that they are justified in using Bitcoin to evade more onerous legal constraints like the ‘Bitcoin is property’ guidance.

Another fallacious line of reasoning: the IRS is overstepping because they’re looking for a needle in a haystack. “It amounts to nothing more than asking for large amounts of hay in the hope they might find a needle,” opines Michael Beckerman, President and CEO of the Internet Association, a trade group whose members include Coinbase as well as companies like GoogleFacebook, and Amazon.

Such arguments, however, do not sway the IRS. “The IRS not only has a suspicion that the John Doe class includes U.S. taxpayers who are not complying with the law,” the agency says. “It knows that the class in the past included such violators, and very likely includes others.”
Charles Stross, popular author and blogger, summed up the situation nicely. “Bitcoin is pretty much designed for tax evasion,” he quips.

Tax Evasion Merely the Nail in Bitcoin’s Coffin
Running afoul of the IRS, however, is merely the focus of the latest news. The fact remains that Bitcoin is enormously popular for all manner of criminal enterprises, from illegal drug dealing to extortion cons.

The most popular con, in fact, is ransomware. The US Justice department reports that ransomware attacks quadrupled in 2016 to an average of 4,000 per day, with extortion amounts ballooning to $209 million for the first quarter of 2016 as compared to $24 million for all of 2015.

While there is broad agreement that most of today’s ransomware extortionists demand payment in Bitcoin, there remains disagreement as to whether Bitcoin is the primary cause of the rapid growth in ransomware attacks.

Is Bitcoin in fact tied to the growth of ransomware? “It’s helping. I think that’s definitely true,” says David Emm, Senior Security Researcher at Kaspersky Lab. “The existence of effectively anonymised payment mechanisms definitely plays into the hands of cybercriminals.”

Maya Horowitz, Threat Intelligence Group Manager at Check Point Software agrees. “It makes it much easier to avoid law enforcement,” she says.
And while it’s true that Bitcoin is not fully anonymous, many criminals are simply using a Bitcoin-based money laundering operation known as a ‘mixing service.’ “If you want your money in one wallet but you don’t want anyone to be able to trace it back and know how you got it, then you take it though a mixing service – like money laundering – and then it all eventually gets back to you after being mixed with other money,” Horowitz says. “It’s pretty standard for Bitcoin.”

Cue the Rationalization Again
Once again, however, there are a number of voices seeking to diminish the connection between Bitcoin and ransomware – or criminal enterprise in general.
One argument: if it weren’t for Bitcoin, bad guys would simply use something else. “The reality is cybercriminals will always use what is available to them,” explains Greg Day, VP and CSO, EMEA at Palo Alto Networks. “In many ways they’re inherently lazy, so if Bitcoin wasn’t there they’d find a different process to channel funds through.”

Another argument: paper currency is just as bad, so why all the fuss about Bitcoin? “The U.S. government should find it awkward to regulate bitcoin on the grounds that it facilitates illegal transactions,” opines William J. Luther, Assistant Professor of Economics at Kenyon College and an adjunct scholar at the Center for Monetary and Financial Alternatives at the Cato Institute, a conservative think tank. “Its own currency — and the $100 bill in particular — has done so for years.”

And then there’s the argument that Bitcoin isn’t really anonymous in the first place. “If you catch a dealer with drugs and cash on the street, you’ve caught them committing one crime,” says Sarah Meiklejohn, a computer scientist at University College London. “But if you catch people using something like Silk Road, you’ve uncovered their whole criminal history. It’s like discovering their books.”

Silk Road, of course, was the Bitcoin-driven clearinghouse for illegal drugs and stolen credit cards (and other contraband) that law enforcement shuttered in 2014. Bitcoin – and Bitcoin-related crime – have only flourished since.

Bitcoin-centered ransomware is so popular among the criminal element, in fact, because it is dead simple. Any modestly skilled bad actor can simply download the software off the Dark Web, create a Bitcoin wallet, and send out phishing emails to find gullible targets. The number of such extortionists and the typically modest ransoms are usually sufficient to avoid law enforcement investigations – a gamble such criminals are obviously willing to make.

Is that Bitcoin in Your Wallet? Didn’t Think So
For the readers of this article who are law-abiding citizens, the cold reality is that there is little reason to get involved in Bitcoin in the first place. “Bitcoin transactions are not very useful in casual purchases, thus there has been little mainstream consumer adoption,” admits Mikko Ohtamaa, CTO of Gibraltar-based cybercurrency trader TokenMarket. “Bitcoin shines in anonymous online payments and most day-to-day and/or point-of-sale payments don’t require this level of anonymity or the complexity it brings along with it.”

The final question for law-abiding, tax-paying citizens who may be interested in speculating in Bitcoin: does the fact that the cybercurrency is primarily used for criminal purposes taint it for other uses, a la blood diamonds?
Such a question of morality is beyond the scope of this article, but important food for thought for anyone interested in using Bitcoin for legal purposes.

Read More Read More, Posted by: treyxion

One of the biggest draws to the crypto currency Bitcoin is that, despite its volatility, it has been said to be a very secure form of currency. With its current rise across a number of industries around the world, particularly in online gambling sites, it is easy to see that the Bitcoin currency is here to stay.

The Bitcoin protocol provides an anonymous environment through a peer-to-peer exchange network, meaning that Bitcoins and Bitcoin transactions are not tied to any form of identity. However, some people are more concerned about the security of their Bitcoin wallets than their anonymity. There have been a number of instances where large scale thefts, such as the issues with Mt. Gox in 2014, have occurred and currency has been stolen from Bitcoin wallets, but Bitcoin enthusiasts are very quick to defend the currency. Many of them remain firm in their opinion that the thefts wouldn’t have taken place unless the Bitcoin wallet holder did not take the necessary precautionary measures to keep their private key and Bitcoin wallet secure.

Here, we’re taking a look at the security behind the Bitcoin currency itself and exploring the precautionary measures Bitcoin gambling sites take to protect their customers.
Encryption & Security With Bitcoin

Bitcoin is the leading crypto currency available across the globe, and because of the nature of digital currencies, cryptography is a key element. The cryptic elements of the Bitcoin protocol mean a secure and majorly anonymous environment is created. The encryption that its ‘Proof of Work’ system (PoW) uses is SHA-256 encryption and it is used throughout the entire verification system. The transaction blockchain itself is also exceptionally secure due to its structure. The decentralisation of the currency also means that outside organisations like governments do not have control over the currency, and therefore will not be able to take funds before they are withdrawn to your Bitcoin wallet (although there have been instances of the FBI seizing Bitcoins used to fund criminal activity).

Bitcoin Gambling Sites
In order to retain the element of security within the Bitcoin environment, the most reputable and trustworthy Bitcoin casino sites help to protect their customers’ anonymity by ensuring that they do not need to provide any personal information when signing up for an account. Unlike regular online casinos who require a number of different types of identification, Bitcoin gambling sites only require at the very most an email address, username and password. From there, the entire process is the same, showing that Bitcoin has the potential to change the online gambling world by providing a more anonymous and secure environment for players to enjoy. With no personal information stored on the online site, there is little-to-no risk of any identity fraud taking place through hacked accounts.

Wallet Storing
The way that a person manages their Bitcoin wallet is an important part of how they can keep their Bitcoin secure. Whether they are using Bitcoin for gambling sites or for any other reason, the different ways that people store and manage their wallets can have a big influence on how safe they are. There are three different ways people can store their Bitcoin wallets. One of these methods involves printing the wallet and storing it offline, with both a private and public key printed onto the paper wallet. However, if this is lost the Bitcoins stored within the wallet will be lost forever, which is why this isn’t the most commonly used method of securing Bitcoin wallets.

Another form of offline wallet is hardware wallets. These are some of the most secure as all of the key information is stored completely offline in hardware and all of the key data is stored in a protected area of a microcontroller. This protected area is ultimately immune to software and viruses, which stops them from being stolen like they might be on normal computers. Alternatively, Bitcoin wallets can be stored online, in a similar way to how PayPal wallets work.

The security behind Bitcoin online casinos isn’t perfect, but it certainly offers an entirely new experience for anonymous and private game play. While Bitcoin is still in its infancy, the more it develops and increases in popularity, the better the security levels are likely to get, particularly on sites like online gambling sites.

Read More Read More, Posted by: treyxion
Hi everyone,

I've just upgraded Stellar to the new network and when I complete the upgrade it shows me my new lumens balance (assuming a 1 to 1 conversion from stellar coins) but when I use my private key to check the new account balance it shows a zero balance.

Any idea on what's happening?


Read More Read More, Posted by: ruiF1
[Image: eZforexLogo.png]
SAN FRANCISCO--(BUSINESS WIRE), Inc. (eZforex), a national leader in providing foreign currency for travelers through financial institutions and cutting-edge international payments solutions, announced today that it is expanding its suite of global payments solutions to include Ripple’s BlockChain technology. Ripple, a San Francisco based company, connects banks around the world by offering real time cross border payment services to its customers using BlockChain and Distributive Ledger Technology.

After one year of development, eZforex, in collaboration with Ripple and Star One Credit Union, was able to deliver live payments to 4 continents on April 10, 2017. Robert Crandall, former CEO of American Airlines, Inc. and an eZforex investor noted, “This is a major step forward. Now all financial institutions, regardless of size, can offer their customers access to the safest, lowest cost funds transfer technology.”

Once known for innovating turn-key Dodd-Frank 1073 compliance solutions, including the Federal Reserve’s FedGlobal® ACH initiative, relied upon by several international payments providers nationwide, eZforex is now taking a leap into the future by cooperating with Ripple to create the newest industry standard: International BlockChain Payments for the banking industry.

“The mainstreaming of BlockChain Technology will change the cross-border payment landscape for banks and credit unions in the United States sooner than anyone predicted,” noted Jorge Jimenez, CEO of, Inc.

Evan Shelan, eZforex Chairman added, “We are ecstatic to have a part in helping move the industry forward and excited to begin rolling-out BlockChain Technology to all eZforex banks and credit unions this year.”

Lynn Brubaker, Star One Credit Union’s VP Deposit Services added, “Our members are going to greatly benefit from the speed, high security, and low prices that BlockChain technology provides for our international remittances.”

eZforex, Ripple, and Star One Credit Union are featuring their success story of launching the first BlockChain payments in the USA at NACHA Payments in Austin on April 24th.

About, Inc. (eZforex), Inc., a Longview, Texas based corporation, is the nation's leading foreign exchange service and international transfers solutions provider for financial institutions. Founded by Evan Shelan in 1994, eZforex was initially created to provide foreign banknotes to credit unions, banks, and travel-related companies prior to their members and customers departing the United States for travel. Today the U.S. government and over 2,000 financial institutions rely on eZforex's integrated turnkey solutions to manage their foreign currency and international transfers both through International ACH and BlockChain., Inc. is a NAFCU and preferred Partner.

Contacts, Inc.
Stephanie Shelan Katz, 617-571-1481


Read More Read More, Posted by: ZyuFynd
[Image: 15202060_japans-biggest-bank-partners-ri...?bg=4D6475]
2017/4/24 Bank of Tokyo - Mitsubishi UFJ participates in a study group on the new remittance system consisting of Mizuho Financial Group , Yokohama Bank and others. We will jointly work on building a mechanism to remit money at low cost by utilizing the "block chain" which is the core technology of virtual currency. We are already promoting cooperation similar to that of overseas banks, and also as a bridge to overseas by joining the domestic coalition.

It is a consortium to which 47 banks, including major banks in the country and regional banks, join. We are aiming to lower the remittance cost and to be able to settle instantly 24 hours and 365 days using the system developed by ripple of US venture company. In the overseas remittance field, Mitsubishi UFJ Bank is already working on improving the convenience of remittance service in cooperation with six major banks in the US, Europe and Australia.


Read More Read More, Posted by: ZyuFynd
[Image: Big10.jpg]
Ripple is proud to announce the addition of 10 new customers to our growing global network. These financial institutions include MUFGBBVASEBAkbankAxis BankYES BANKSBI RemitCambridge Global PaymentsStar One Credit Union and, representing some of the world’s largest banks, innovative smaller banks, and payment service providers (PSPs). As the only blockchain provider that has real use cases and customers using our solution commercially, more and more customers are turning to Ripple for cross-border payments.

“The world’s largest banks have been the first to adopt Ripple’s technology, and the network effect from our customer base is accelerating,” said Ripple CEO Brad Garlinghouse. “People know Ripple is the only blockchain solution for payments that is proven in the real world, and it’s driving demand from financial institutions of all kinds and sizes because they want to stay ahead of the curve.”

Here are just a few examples of how this new group of customers are using Ripple to significantly reduce the time and cost associated with global transactions:

  • BBVA, one of the top 50 largest banks in the world, is using Ripple to enable real-time payments between Europe and Mexico.

  • Digital banking pioneer and one of Turkey’s largest private banks, Akbank, is the first bank in Turkey to adopt blockchain and is a model for other banks who want to make faster cross-border payments without the need for correspondents.

  • Star One is the first credit union to offer Ripple remittances to customers via, demonstrating how smaller banks can lower costs and achieve much greater reach for their customers.

  • Cambridge Global Payments and Earthport are collaborating with Ripple to improve the customer experience, increase the reach and reduce the cost of real-time cross-border payments.

These ten customers are now among the most forward-thinking financial institutions around the world, who are committed to moving beyond the sandbox and are using Ripple’s enterprise blockchain solution to move real money around the world today.

Several of the financial institutions commented on their use of Ripple’s blockchain network:

Hirofumi Aihara, General Manager, Bank of Tokyo-Mitsubishi UFJ, a member of MUFG:
“We are very pleased to be working with Ripple to provide new types of payments services to change our customers’ experience using the power of the blockchain technology. To demonstrate our commitment to the technology, we are joining the Japan Bank Consortium to collaborate with other Japanese banks move to commercial use of Ripple’s global network. I do believe we can bring our experience from the Japan Bank Consortium to the Global Payments Steering Group.”

Tolga Ulutaş, Executive Vice President in charge of Akbank Direct Banking:
“We are excited and happy to be the first bank in Turkey to take the important step of using blockchain technology for international money transfer services. We believe that this new phase in technology will increase speed and transparency for our customers while at the same time reducing costs and providing a higher quality of service.”

Amresh Acharya, Group President and Head, Global Indian Banking, YES BANK:
“India is the largest recipient of personal remittances in the world, and as a leading Indian bank with a strong focus on technology, we are glad to partner with Ripple to realize the enhanced efficiencies of blockchain for real time cross-border payments. This partnership is a continuation of YES BANK’s ethos of using state-of-the-art technology intervention to offer a superior banking experience to our customers.”

Mr. V Srinivasan, Deputy Managing Director, Axis Bank:
“We are committed to using innovation in technology to make banking simple and convenient for our customers. Remittances have been a key strategic area for us, we at Axis are excited with the tie-up and the potential that the use of blockchain technology could deliver in enabling real-time affordable money transfers. We have commenced work with Ripple and are in active discussions with other Banks on the network to collaborate and test various use-cases across retail and corporate remittances.”

Paula da Silva, Head of Transaction Services, SEB:
“We are implementing cross-border payments in real-time over Ripple. For us this is a first step in exploiting the advantages of using blockchain and distributed ledger technology in the payment area. We appreciate our partnership with Ripple.”


Read More Read More, Posted by: ZyuFynd


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