Wirex CEO Uses Visa Card Loaded With XRP At Japanese ATM

A video has emerged online which shows the CEO of Wirex, Pavel Mavteev, using a Wirex Visa card preloaded with Ripple’s XRP to withdraw 10,000 Japanese Yen. Roughly equivalent to $88.

The video demonstrates just how easy it is to convert crypto in to cash using just a standard ATM in Japan. Naturally XRP fans are excited, although it is worth noting Wirex currently supports over 50 cryptocurrencies and users can load their account using bank transfers or by transferring any of the supported cryptocurrencies to their account.

 

XRP to fiat instantly

At an ATM in #Japan - Converting #XRP to #cash in seconds #xrpthestandard @ripple @bgarlinghouse @chrislarsensf @JoelKatz @OKITATakashi @CoryTV @yoshitaka_kitao @marcus_treacher @wsculley @businessinsider pic.twitter.com/Fy9jr3AhdH

— Pavel Matveev (@matveevp) September 24, 2018

The video shows Mateev, use his Wirex Visa card in the Japanese ATM. Just like any transactions he enters his pin chooses the amount of cash he would like to withdraw. Visa then communicates with the Wirex card and the XRP is converted to fiat with a slight charge.

Ripple continues to feature in the news

Over the course of the last few weeks Ripple has been very much in the cryptocurrency news headlines, Ripple has recently announced the launch of xRapid, which saw the XRP price increase by over 100% in a few days.

Coinbase then announced that they will introducing a new listing process which will see Coinbase potentially listing many more digital tokens in the near future. This news also saw the price of XRP rise by around 24%

The announcement was made on Coinbase’s official blog, and they begin by highlighting how they have always taken a “deliberate approach” when adding new tokens onto their exchange. However, one of their main customer requests is now to add support for new digital assets.

One of our top customer requests is to add support for these new assets, and we have been determining how to do this in a secure and compliant way for those assets meeting our standards.

The form is now live on Coinbase and there are three categories of individuals who can apply on behalf of a digital asset to request a listing;

• Lead Developer or Founder
• Major Investor (>$1M invested)
• Executive or Employee

The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.

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Coinbase Promise To List Most Digital Assets

Coinbase have announced that they have created a new process which promises to “rapidly list most digital assets that are compliant with local law”. This will potentially mean Coinbase could be listing a number of other digital assets very soon, however, this will be done on a “jurisdiction-by-jurisdiction manner”. Meaning that although new assets may be listed they may only be available to customers in select regions.

The announcement was made on Coinbase’s official blog, and they begin by highlighting how they have always taken a “deliberate approach” when adding new tokens onto their exchange. However, one of their main customer requests is now to add support for new digital assets.

One of our top customer requests is to add support for these new assets, and we have been determining how to do this in a secure and compliant way for those assets meeting our standards.

The form is now live on Coinbase and there are three categories of individuals who can apply on behalf of a digital asset to request a listing;

• Lead Developer or Founder
• Major Investor (>$1M invested)
• Executive or Employee

The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.

There is a 6 stage framework which a digital asset must satisfy before they will be listed on the Coinbase exchange. However this is very easy to follow and also has checkboxes so anyone who is interested in looking will be able to evaluate if their token does meet the specific criteria.

Initially there is no application fee, however, they have specified that dependant on the volume of submissions they “reserve the right to impose an application fee”.

Initially there will be no application fee. Depending on the volume of submissions, we reserve the right to impose an application fee in the future to defray the legal and operational costs associated with evaluating and listing new assets. At our discretion, we may choose to list some assets on the basis of our own evaluation, even in the absence of an application. In other cases, we will attempt to give quick, specific reasons for the approval or rejection of particular assets.

“With this shift in process, our customers can expect us to list most assets over time that meet our standards. Because listing announcements will become more frequent, we expect to publicly announce the addition of new assets only at or near the time of public launch across one or more Coinbase products.”

Coinbase have recently announced their plans to add custody support for “40 cryptocurrencies”, including, XRP, NEO, Ontology and many other major cryptocurrencies. Coinbase  is one of the largest cryptocurrency exchange platforms in the world. They currently support Bitcoin, Bitcoin Cash, Ethereum and Litecoin, with upcoming assort for Ethereum Classic. Well now Coinbase custody are planning support for 40 cryptocurrencies on top of this.

Coinbase Education Assets Pages

Coinbase announced on 24th August that they will be launching a new update.

It’s no secret that many consumers feel overwhelmed when trying to research and learn about cryptocurrencies. We’ve heard from our customers that they are always looking for trusted sources of information and, as one of the world’s leading exchanges, we’re committed to offering educational resources that help them navigate the world of cryptocurrency.

Starting today, we’re testing new ways for customers to explore and view the top 50 cryptocurrencies by market cap — most of which are not available to trade on Coinbase. Designed to be a starting point to learn about new assets, customers can view historic trading data, current market cap, a description of the asset, and links to relevant white papers and project websites*. Over time, we intend to experiment with various formats and types of information to share with customers.

This is still being tested so currently only a small number of users are able to see the top 50 cryptocurrencies on the mobile app. The update will see information regarding the top 50 assets become more readily available.

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Switcheo To List OPEN Once Support For ERC20 Tokens Is Complete

Switcheo have announced that they will be listing OPEN on their exchange once they have finished the highly anticipated Callisto update.

Switcheo is decentralised exchange which currently runs on the NEO blockchain, allowing users to trade NEP5 tokens directly from their NEO wallets. However, Switcheo have made it no secret that they want to become the biggest decentralised exchange. As part of their roadmap they have been planning an upgrade known as the Callisto update, which will see Switcheo integrate Ethereum and QTUM. Meaning Switcheo users will be able to trade ERC20 and QRC20 tokens.

So far Switcheo have announced they will list bolt which is an ERC20 token and they have now announced they will list OPEN.

We are delighted to announce that Open Platform (OPEN) will be listed on Switcheo Exchange upon the Callisto update. The specific listing date will be announced later.  The listing will allow Switcheo users to trade OPEN with ETH on our Ethereum DEX.

OPEN Platform

OPEN Platform is building the world’s “first blockchain infrastructure for applications”. This will enable software developers to easily and seamlessly integrate blockchain technology within applications.

OPEN envisions a world where all applications accept cryptocurrencies as easily as  they do fiat currency. OPEN sees and knows that applications of the future will not  entirely be on the blockchain.

OPEN wants to create a platform in which blockchain can be utilised to benefit applications further. For example they want to enable payments, asset issuance, transparency, and audibility. OPEN lets different representations of data, some in decentralised networks and others in centralised ones, communicate
with each other.

Switcheo Callisto Update

Switcheo was the first ever decentralised exchange to run on the NEO blockchain. And is often touted as the main competitor to NEX. Switcheo did have a working product whilst they were conducting their ICO, which concluded back in March 2017.

After a number of exciting updates this year including a partnership with O3 Labs which involves integration into the popular NEP5 mobile and desktop wallet O3.

“We had a chance to meet with the Switcheo Team while they were in Tokyo to continue our conversation about the integration. We are excited about what the Switcheo Team has built and is building. This integration will enable our users to log in to Switcheo and trade directly from their mobile wallet, fullfilling many support requests we have received from our users. We are glad to partner with a like-minded company like Switcheo. We always strive to provide our users the best user experience and our partnership and collaboration with Switcheo is part of that.

The Callisto update is likely to be another hugely positive move for Switcheo, as this will involve adding support for both the Ethereum and the Qtum blockchain. Allowing users to trade ERC20 and QRC20 tokens on the decentralised exchange.

READ SWITCHEO V NEX

The Callisto update was due to be launched by the end of Q3 2018, however the team have decided to move this back slightly for a few reasons. Including, understanding the Qtum blockchain more. As this is a slightly less mature blockchain they would like o have a more in-depth knowledge before they enable on-chain trading. They are also planning to focus on marketing and partnerships in order to build a larger customer base. This will meant the addition of ERC20 and QRC20 trading will have a greater impact.

To be transparent, I would like to inform our community ahead of time that we won’t be going live with Callisto in September. While there is still some time left in this quarter, we currently foresee that the much awaited update will be pushed back.

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Switcheo v NEX – NEP5 DEX Review

This year has seen the rise of NEP5 tokens, with a number of exciting projects launching on the NEO blockchain. It is exciting times for NEO and NEP5 investors given the hype behind a number of these projects. Two of the most exciting projects are certainly the two Decentralised exchanges which will run on the NEO blockchain: Switcheo and Neon Exchange (NEX). This article will be a quick comparison of Switcheo v NEX to see how the two differ from each other.

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First a quick review of each project before we look at Switcheo v NEX

Switcheo

Switcheo (SWH) was the first Decentralised exchange to run on the NEO blockchain after their brief ICO on 17th March 2018. They raised their max cap of $8,700,000 within 24 hours. There was not too much hype around this project given that they have a fairly small following on social media in comparison to similar projects.

Switcheo did however have a working product which was a big selling point and most likely what helped them conclude their token sale so quickly. The testnet was available to use throughout the ICO whilst the mainnet was being finalised. The mainnet is now available and users can trade most NEP5 tokens with the trading pairs NEO, GAS and SWH tokens.

Throughout the year Switcheo has introduced a number of exciting updates, including a partnership with O3 Labs which involves integration into the popular NEP5 mobile and desktop wallet O3.

“We had a chance to meet with the Switcheo Team while they were in Tokyo to continue our conversation about the integration. We are excited about what the Switcheo Team has built and is building. This integration will enable our users to log in to Switcheo and trade directly from their mobile wallet, fullfilling many support requests we have received from our users. We are glad to partner with a like-minded company like Switcheo. We always strive to provide our users the best user experience and our partnership and collaboration with Switcheo is part of that.

The Callisto update is likely to be another hugely positive move for Switcheo, as this will involve adding support for both the Ethereum and the Qtum blockchain. Allowing users to trade ERC20 and QRC20 tokens on the decentralised exchange.

The Callisto update was due to be launched by the end of Q3 2018, however the team have decided to move this back slightly for a few reasons. Including, understanding the Qtum blockchain more. As this is a slightly less mature blockchain they would like o have a more in-depth knowledge before they enable on-chain trading. They are also planning to focus on marketing and partnerships in order to build a larger customer base. This will meant the addition of ERC20 and QRC20 trading will have a greater impact.

To be transparent, I would like to inform our community ahead of time that we won’t be going live with Callisto in September. While there is still some time left in this quarter, we currently foresee that the much awaited update will be pushed back.

As well as announcing that the highly anticipated Callisto update will be delayed. Switcheo also made a pretty big announcement that they will be launching their own blockchain, known as a “Dex Chain” as this is the only was they believe they can offer a cross chain decentralised exchange.

At this point, the engineering team has concluded that to provide a truly trustless cross-chain exchange, we will have to move forward with building our own specialized blockchain for this purpose. This “DEX chain” will also make use of public validators which have to stake native tokens.

Neon Exchange (NEX)

Neon Exchange, also known as NEX have recently concluded their token sale. The token sale itself was pushed back repeatedly over the course of the last few months, although, with good reason.

The team at NEX announced that the “NEX security token” had finally been approved after a year-long effort involving a number of law firms and dozens of lawyers.

While this approval has allowed us to finally begin raising money from public investors, it has much broader implications for our company and the cryptocurrency markets as a whole. The NEX security token allows us to deliver strong token economics for investors in our exchange. It also sets precedent for many other projects that are seeking to issue tokenized securities in the European markets, and lays the groundwork for our future plans to legally interact with governments and regulators.

This means a number of different things for NEX, aside from them being the first ever blockchain based based security token in Europe, they have potentially paved the way after setting a precedent for future blockchain projects.

Issuing a security token brings investors in NEX many benefits, such as protection against market manipulation, fraud, and insider trading. Perhaps most importantly, it allows us to pay our investors dividends through fees taken by the exchange, a form of profit sharing.

NEX will be the first ever decentralised exchange that will allow its “clients to enter the exchange with fiat currencies such as USD, powered by a global network of licensed third parties.”

NEX will consist of three main features; an off chain matching engine where trades can be matched similar to a centralised exchange but with security of a decentralised exchange, a smart contract where trades are executed and a payment service. NEX is yet to have their ICO but it is due in April sometime. The users for their lottery have been announced and those will be the first participants of the NEX token sale. NEX do have a chrome web extension which is already live meaning users can access their NEO wallets and this will link up directly with the NEX trading platform when it is live.

New have also announced a partnership with nOS, whom are developing the open internet of the future. nOS will integrate NEX as their only payment gateway.

The nOS & NEX partnership will bring several new features for both platforms. nOS will natively integrate features of NEX, and vice-versa, so as to make the Smart Economy as accessible and easy-to-use as possible, for everyone.

At a recent conference Da HongFei, the co-founder of NEO stated that NEX was the most famous decentralised exchange being developed on the NEO blockchain and that this could have a major impact on NEO as a whole.

I think it’s similar, yeah. We have ICOs, NEP-5 tokens, equivalent to ERC-20, and we also have decentralized exchange, the most famous one is called NEX, they’re doing pretty good, and also we are encouraging developers to do gaming, and STO, the secure token offering, I do think that decentralized exchange, gaming, and STO probably will be the next killer app.

Switcheo v NEX

In terms of the two exchanges, both will be decentralised exchanges and both will have a native token and will allow for cross chain swaps between the various blockchain based projects.

Switcheo v NEX: Tokens

Switcheo tokens:

1,000,000,000 SWTH Tokens may be minted in total, and no additional tokens will be minted in future.

The allocations for SWTH are as per follows:

20% (200,000,000 SWTH Tokens) will be allocated to the Public Sale;
48.3% (483,000,000 SWTH Tokens) have been allocated to Strategic Partners;
25% (250,000,000 SWTH Tokens) will be reserved for the Switcheo Team to further incentivize development of the Switcheo DEX, and the tokens will be vest monthly on a 2 year schedule with a 3 month cliff; and
6.7% (67,000,000 SWTH Tokens) will be reserved for Marketing Campaigns & Official Partnerships.

SWH Tokens can be used to subsidise trading fees on the Switcheo DEX by 50%, SWH Tokens will be burnt when they are used to pay trading fees.

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NEX tokens

50,000,000 NEX tokens will be issued, and will entitle holders to a share of the fees generated by the exchange and payment service

NEX holders can claim their profits through a staking process, where claims on the staked NEX operate similar to GAS claim calculations on the NEO network. In this way, token holders who stake NEX benefit directly from the success of the exchange services: as more fees are generated, holders will receive larger rewards. NEX tokens will be regulated as registered European securities with plans for expansion to other jurisdictions

Switcheo v NEX: Tokens

The two exchanges have taken a very different approaches with their native tokens. Switcheo (SWH) will be used to pay fees hence why there is a much greater number of them, however, SWH tokens will be burnt when used to pay fees. This will reduce the number of tokens increasing the value over time as the exchange makes more profits. The NEX token on the other hand will allow users to stake their tokens and profit directly from the success of the exchange. This as been enabled by the fact NEX is now a registered security token. They are able to provide dividends to users which is the reason why there is far less NEX tokens.

Switcheo v NEX: Roadmap

Switcheo Roadmap

Mid July – V2 Update:

• New Trading APIs
• Instant Trade Confirmation
• Mobile UI

Q3 2018- Callisto Update

• Qtum Trading
• Ethereum Trading

Q4 2018:

• Fiat Gateway with 2 partners (credit card & bank deposit)
• Cross Swaps

Mid 2019:

• Integration of next 3 blockchains
•  V3 API and order matching engine (microsecond latency)

End 2019

•  Integration with a specialized blockchain that can better support cross-chain trading

NEX Roadmap

Fall 2018

Cross-chain token support

NEX web extension support for ETH and ERC20 tokens. Cross-chain token conversion support in NEX extension wallet

Token purchasing

Buy and sell NEO, GAS, and RPX through banking partners

MainNet trading release

Beginning of trading operations: Matching engine and trading user interface launched on MainNet with support for NEO, ETH, NEP5, and ERC20 tokens

Staking contract release

Launch of staking contract on NEO for holders of NEX to receive exchange revenue

Winter 2018/2019

Trading features

Advanced trading features

Cross-chain support

Cross-chain support for trading BTC, LTC, and RPX on NEX

Index funds

Launch of cross-chain cryptocurrency index fund, supported by the exchange and extension

Switcheo V NEX: Roadmap

Switcheo updated their roadmap throughout the year and NEX’s roadmap has moved slightly backwards due to their ongoing legal battle. Both do seem to have very clear intentions and will both play a major role in the future of decentralised exchanges.

Both projects will be looking support for ERC20 tokens this year and will then focus on cross chain swaps between the different tokens.

Switcheo will then have more focus on adding all of the different tokens across the various chains including QRC-20 tokens, ERC-20 and Wanchain. NEX will focus more of their attention on the user interface side of things through their web extension. They will also look to add the payment service, which will allow users to buy and sell NEO and GAS with registered banking partners.

Conclusion

Overall both look like very exciting projects, Switcheo is certainly setting their sights to the ‘moon’ when it comes to being a globally used decentralised exchange. The fact they are looking to add support for as many tokens across as many different chains is certainly a huge positive for this project and the token burning feature which has worked well for Binance is sure to benefit SWTH token holders, once the exchange starts to gain a large amount of trading volume. Since Switcheo have announced they will be launching their own blockchain/Dex Chain, they may have much more of a presence as an actual decentralised exchange. The main stumbling block for Switcheo may be their user base, they will need to focus significant efforts on marketing which they have signalled their intentions to do so.

NEX is going to have a clear focus on being user friendly and opening up the world of blockchain and cryptocurrencies to the masses. The web browser plugin looks easy to use and when they become the first decentralised exchange to offer the ability to be able to convert tokens into fiat currency this will be huge news. It will open up a whole new avenue to cryptocurrency investors and is sure to attract new investors. They already have a large following on social media and this project has huge potential ahead of it. NEX will potentially focus on payments and providing liquidity, and once Switcheo launch their own blockchain NEX will likely become the main trading platform and liquidity platform for the entire NEO ecosystem. NEX have a very large social media following so gathering a user base should be simple.

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NEX – Website

NEX – Whitepapaer

Switcheo – Website

Switcheo – Whitepaper

 

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Top 5 NEO Community Developments To Look Out For – September/October

NEO has has a stellar year throughout 2018 in terms of development of the NEO ecosystem. Despite the price falling sharply along with the rest of the cryptocurrency market, the future looks very positive for NEO. As we approach the final quarter of 2018 there are still a number of very exciting developments due to occur within the NEO ecosystem. This article will give you a roundup of the top 5 NEO community developments to look out for.

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The upcoming developments are not in any particular ranking, but rather are 5 of the biggest events we believe will happen within the NEO economy in the coming months. If there is any you feel we have missed or should also be included feel free to email us at contact@bitguru.co.uk

NEO Community Developments

NEO 3.0 Development

NEO is currently in the process of creating NEO 3.0 which was announced by on 10th July 2017 and began development in Q2 2018. NEO’s co-founder and core developer Erik Zhang explained a bit about NEO 3.0 and how it will further improve the NEO economy and allow for higher TPS and stability, expanded APIs for smart contracts, optimized economic and pricing models, wile also promising to “redesign NEO’s core modules.”

NEO 3.0 will be an entirely new version of the NEO platform, built for large scale enterprise use cases. It will provide higher TPS and stability, expanded APIs for smart contracts, optimized economic and pricing models, and much more. Most importantly, we will entirely redesign NEO’s core modules.

The current improvement proposals for NEO 3.0 can be found on the GitHub. How as a brief roundup we can expect to see development for the following continue throughout the remainder of 2018 and continue into 2019.

Increased TPS

A number of updates will occur to NEO in order to allow for higher TPS, these will include:

• Refactor the code and core modules
• Optimize the network protocol
• Implement the feature manifest and permission system for NeoContract
• Prepare for dynamic sharding
• Detach state persistence and block persistence

Adjusting the economic model

Seen NEO was lunched, it has operated on a dual-token economic model, which has been highly successful for the development of NEO. However the fact that NEO is not divisible and GAS can not be divided when paying for system fees has caused some roadblocks. Therefore there are some potential upgrades which have been suggested:

• A small increase in the supply of gas every year
• Reward consensus nodes
• Make NEO divisible
• Allow gas to use the decimal part when being used for system fees

Cross-platform smart contracts

Smart contracts should be able to be executed on different blockchain platforms, if they’re made compatible with NEO 3.0. To achieve this, we need not only NeoVM support, but also unified smart contract APIs. In addition, we also provide an API for platform detection.

Native contracts

Native contracts are smart contracts that are not run in a virtual machine. Instead, it’s built directly into the blockchain code. Native contracts can still expose their script hashes to other contracts, so that other contracts can invoke them.

Native contracts can allow for the interaction with NEO and GAS (and all global assets) as NEP-5 tokens. This introduces a unified approach for sending and receiving assets in smart contracts.

There are a number of other developments and there is no set date for any of the upgrades. The upgrades will likely happen at varying times and together they will make NEO 3.0. To see all of the proposed updates check out the article on the official NEO site.

NEO Name Service Mainnet Launch

Neo Name Service (NNS) is  a decentralised domain name service which will run on the NEO blockchain. In short Neo Name Service will allow users to assign a .neo domain as an alias for their public key. So rather than having a long complicated public key users can send and receive funds to an easy to remember name such as bitguru.neo.

The domain name will not replace the public key but will rather point to it via a smart contract. In effect your domain name will have your public key associated to it. When the live version of Neo Name Service (NNS) is released, a bidding system will be deployed within the network meaning users will need to purchase domain names. On which NNC will be the native governance token on their platform.

The Neo Name Service mainnet is due to launch on October 9th, after the team made an official announcement. The also announced domain name mining for the first 2 week of the mainnet launch.

To reciprocate your support, we have prepared a gift for community members and supporters; a two-week domain name mining activity will be held after the launch of NNS Mainnet. The activity will run between Oct. 9th-22nd 2018 (GMT+8).

Domain name mining will encourage users to bid for domain names by offering a reward to those who successfully purchase a domain name in the first 2 weeks. The reward will an amount of Neo Name Credits (NNC) specific to the amount of GAS spent on the .neo domain.

Domain name winners will be rewarded with 70 NNC for each 1 GAS they spend if the domain auction start time is between Oct. 9th-15th 2018(GMT+8).

Domain name winners will be rewarded with 50 NNC for each 1 GAS they spend if the domain auction start time is between Oct. 16th-22nd 2018 (GMT+8).

The amount of NNC that will be awarded in the domain name mining activity will be no more than 100 million NNC (10% of NNC total supply). If there is any NNC left, the leftover NNC will be locked up.

NNC is the native token on NNS and has a number of different uses.

nOS

nOS is going to be a new internet browser which will run on the NEO blockchain. There have not been many projects like this yet. One of the major issues with browsers today is they are powered for the benefit of a few major companies; Google, Amazon, Facebook etc. In which your data is sold to companies and you are displayed adverts that you may or may not want, or require, based on this data.

nOS is a virtual operating system that introduces a new, decentralized internet. On this new internet user data is safe, and it only goes where the user wants it to go.

nOS solves key issues surrounding dApp development, deployment, discovery, and interaction, allowing for true adoption of decentralized applications and blockchain technology.

Because applications can choose to make their back-ends fully open-source and transparent, this new implementation of the World Wide Web is defined as the Open Internet.

Users can now download the nOS v 0.3.0 on GitHub now, and the nOS token sale, token generation event is due to take place in Q3 2018, with the launch of nOS open internet client due to be launched at some point in 2019.

Although nOS is still in development this is quite possibly one of the most highly anticipated projects within the NEO ecosystem. nOS will enable users to use the internet and dApps while keeping full control of their data and how it is used and shared. nOS have also announced a partnership with Neon Exchange (NEX)

The nOS & NEX partnership will bring several new features for both platforms. nOS will natively integrate features of NEX, and vice-versa, so as to make the Smart Economy as accessible and easy-to-use as possible, for everyone.

Switcheo Callisto Update

Switcheo was the first ever decentralised exchange to run on the NEO blockchain. And is often touted as the main competitor to NEX. Switcheo did have a working product whilst they were conducting their ICO, which concluded back in March 2017.

After a number of exciting updates this year including a partnership with O3 Labs which involves integration into the popular NEP5 mobile and desktop wallet O3.

“We had a chance to meet with the Switcheo Team while they were in Tokyo to continue our conversation about the integration. We are excited about what the Switcheo Team has built and is building. This integration will enable our users to log in to Switcheo and trade directly from their mobile wallet, fullfilling many support requests we have received from our users. We are glad to partner with a like-minded company like Switcheo. We always strive to provide our users the best user experience and our partnership and collaboration with Switcheo is part of that.

The Callisto update is likely to be another hugely positive move for Switcheo, as this will involve adding support for both the Ethereum and the Qtum blockchain. Allowing users to trade ERC20 and QRC20 tokens on the decentralised exchange.

The Callisto update was due to be launched by the end of Q3 2018, however the team have decided to move this back slightly for a few reasons. Including, understanding the Qtum blockchain more. As this is a slightly less mature blockchain they would like o have a more in-depth knowledge before they enable on-chain trading. They are also planning to focus on marketing and partnerships in order to build a larger customer base. This will meant the addition of ERC20 and QRC20 trading will have a greater impact.

To be transparent, I would like to inform our community ahead of time that we won’t be going live with Callisto in September. While there is still some time left in this quarter, we currently foresee that the much awaited update will be pushed back.

NEX

Neon Exchange, also known as NEX have recently concluded their token sale. The token sale itself was pushed back repeatedly over the course of the last few months, although, with good reason.

The team at NEX announced that the “NEX security token” had finally been approved after a year-long effort involving a number of law firms and dozens of lawyers.

While this approval has allowed us to finally begin raising money from public investors, it has much broader implications for our company and the cryptocurrency markets as a whole. The NEX security token allows us to deliver strong token economics for investors in our exchange. It also sets precedent for many other projects that are seeking to issue tokenized securities in the European markets, and lays the groundwork for our future plans to legally interact with governments and regulators.

This means a number of different things for NEX, aside from them being the first ever blockchain based based security token in Europe, they have potentially paved the way after setting a precedent for future blockchain projects.

Issuing a security token brings investors in NEX many benefits, such as protection against market manipulation, fraud, and insider trading. Perhaps most importantly, it allows us to pay our investors dividends through fees taken by the exchange, a form of profit sharing.

As the token sale has now concluded, we can expect to see the following developments from the NEX project in the next 4/5 months:

Cross-chain token support

NEX web extension support for ETH and ERC20 tokens. Cross-chain token conversion support in NEX extension wallet

Token purchasing

Buy and sell NEO, GAS, and RPX through banking partners

MainNet trading release

Beginning of trading operations: Matching engine and trading user interface launched on MainNet with support for NEO, ETH, NEP5, and ERC20 tokens

Staking contract release

Launch of staking contract on NEO for holders of NEX to receive exchange revenue

Trading features

Advanced trading features

Cross-chain support

Cross-chain support for trading BTC, LTC, and RPX on NEX

Index funds

Launch of cross-chain cryptocurrency index fund, supported by the exchange and extension

At a recent conference Da HongFei, the co-founder of NEO stated that NEX was the most famous decentralised exchange being developed on the NEO blockchain and that this could have a major impact on NEO as a whole.

I think it’s similar, yeah. We have ICOs, NEP-5 tokens, equivalent to ERC-20, and we also have decentralized exchange, the most famous one is called NEX, they’re doing pretty good, and also we are encouraging developers to do gaming, and STO, the secure token offering, I do think that decentralized exchange, gaming, and STO probably will be the next killer app.

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Bitcoin ATM Thefts Are Becoming A Problem For Owners!

Since the first ever Bitcoin ATM opened it’s digital doors in Vancouver, Canada back in 2013, the digital currency Bitcoin has increased significantly in both value and popularity.

The price for 1 Bitcoin back in late October 2013 was around $150. Now, in September 2018, the price is over $6500! That’s an increase of more than 4,233%, so it’s no wonder the number of Bitcoin ATM’s in the world is now over 3000 at the time of writing! Find a Bitcoin ATM near you at coinatmradar.com!

Even though the price is over 65% lower than the ATH price of $19,535, the price is still very tempting for criminals looking to get their hands on free Bitcoins!

22 cryptocurrency ATM’s seized by Russian Police!

What is a Bitcoin ATM?

‘A bitcoin ATM is an internet machine that allows a person to exchange bitcoins and cash. Some Bitcoin ATMs offer bi-directional functionality; these machines enable both the purchase of Bitcoin as well as the redemption of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account in order to transact on the machine.’

Stolen Bitcoin ATM’s

Bitcoin ATM thefts are becoming a real problem. In January 2017, there had been over 10 Bitcoin ATM machines stolen according to Bitcoin.com! Throughout the year though that number continued to increase, with regular thefts being reported. For example, in late October 2017, when a Bitcoin ATM was stolen from Oudenbosch in The Netherlands, the owner laughed off the problem since criminals stealing Bitcoin ATM’s would be unable to actually get access to the virtual currency.

“Bitcoins are virtual coins, so it seems logical to me that there is nothing to get out of the machine, but they would have thought that they had the jackpot with a machine full of bitcoins,”

Although there are some ATM’s which do accept and dispense cash, the one in question here accepted purchases and sales only from card.

Unfortunately for some Bitcoin ATM owners though, they haven’t been so lucky, and their machines containing actual cash have been stolen!

It’s a problem that’s likely going to continue increasing, especially with the Bitcoin price rising so high.

Opportunistic thieves learning about Bitcoin but not knowing much about the digital currency, may see the ATM’s and hope they will find lot’s of valuable Bitcoins hiding inside!

The truth however is that in most ATM’s, although they may contain a relatively small amount of cash, the Bitcoin can of course never be stolen from the machine.

Don’t forget to find Bitcoin ATM’s close to you! We do not advocate stealing the ATM’s though of course!

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5 Things You Must Consider Before Investing in an ICO

Altcoins or crypto-currencies are fast emerging as top investment options worldwide. The phenomenon is not restricted to investors in wealthy, developed countries. Instead, we have laypersons worldwide wanting to make a quick buck on a relatively lesser known investment avenue or merely to stash away extra money.

Prices of significant crypto-currencies including Bitcoin (BTC) and Ethereum (ETH) can deter any ardent, wealthy investors. But with crypto-currencies gaining unprecedented popularity, there is no shortage of Initial Coin Offerings or ICOs of new alt coins or crypto-currencies. The internet is full of ICO lists to help you find the best ICO for you to invest in.

Indeed, ICOs can be very alluring: they facilitate buying a crypto-currency at very low rates, similar to an Initial Public Offering (IPO) peculiar to stock markets. But crypto-currency rates tend to surge rather quickly since they are issued in limited numbers. So, if you are genuinely interested in entering the crypto-currencies trade, here are five things you must consider before investing in an ICO.

 

Whitepaper

The first element to consider before invest is the ICO whitepaper. A white paper can be rightly called as a prospectus of the altcoin that is on offer. Generally, the whitepaper will carry every single detail that any investor would ask or require before putting money on a crypto-currency. The whitepaper outlines the objectives of the new crypto-currency and how it plans to achieve those.

Further, whitepaper of a right crypto-currency will also provide details about the numbers of coins that would be launched in the first phase, distribution patterns, anticipated markets and popularity as well as a total number of tokens that would be generated over a fixed period of years.

Studying the whitepaper of an ICO intimately will reveal whether the crypto-currency on offer is a mere copycat of those already existing on the market or does it have something new and innovative. Unfortunately, lots of ICOs tend to be copycats of successful ones. But good ICOs will distinguish themselves regarding target audience, uses of the crypto-currency and marketing strategies. These will be evident on the whitepaper.

Key Team Members

Before investing in any ICO, take time to study who is behind the new altcoin. Such information should generally be available online, through the website of the promoters. Knowing the core team is extremely important. Unless team members have adequate experience in managing an ICO and related affairs of an altcoin once it enters the market- it is destined for doom.

A random search on the Internet reveals, over 1,000 crypto-currency projects have failed during the first six months of 2018 alone. Over 50 per cent of alt coins introduced in 2017 were non-starters or collapsed shortly after their ICOs. By any standards, this is an alarmingly high number.

Of course, there are several reasons for these failures. But one was inept or inexperienced core teams behind the ICO. Nowadays it is relatively easy to launch an ICO offering esoteric crypto-currencies for a song. Since an ICO works on crowdsourcing, lot many startup entrepreneurs rush to start crypto-currencies. As reports indicate, most flounder and fail, leaving investors in the lurch.

A classic example is One Coin. The ICO attracted thousands of investors worldwide. However, the crypto-currency was proved to be nothing more than a scam. At least one core team member had made false claims about experience, qualifications and other vital details.

The best way to find about a core team is by studying their profiles. Look for these profiles online and especially on LinkedIn and social media. You may also come across some information about their educational qualifications and past performances. Sound knowledge of the core team should give you a fair idea of who is behind the new altcoin and what you can expect.

Technology

Every crypto-currency will be traded over the blockchain. The question now is, what enhancements are on offer with the crypto-currency being promoted with an ICO.  A good team will have commenced developing a technology that would facilitate trading and long-term feasibility of the crypto-currency on offer.

If one goes by the history of various crypto-currencies, those fetching a higher price or in higher demand are altcoins that are faster to trade on a blockchain, offer very top or near the complete level of anonymity and are hack-proof.

Technological concerns should also include the availability of a new crypto-currency through physical or brick-and-mortar exchanges. The higher the number of transactions- physical or online- willing to trade in the currency, better would be its technology and acceptance.

Nowadays, lots of retailers and service providers are accepting crypto-currencies as tender for purchases. A good ICO should provide details about how the crypto-currency on offer will make it easier for e-commerce and purchases rather than merely an investment.

Token Issue & Holdings

Before considering investments in an ICO, delve into details about how many tokens you get as a participant. The pre-launch price should be desirable to make it worth your investment. Also, study competitors to know how much would the crypto-currency fetch once it enters the market or in the secondary market.

Generally, the core team will try and hold as many tokens as possible post-ICO. This can imply, they are confident about the new altcoin being successful. Simultaneously, you will have to look for the marketing strategy and future roadmap for the alt coin on offer through an ICO. Without a good roadmap, any offering may prove a non-starter.

Proper research might reveal similar ICOs in the past that failed or prospered. Understandably, past performance of any ICO is no indicator of success or failure of a newer one. It would provide some idea before you consider investing in an ICO. Often, the ICO you believe may have several salient features that make it worth the money.

Beat The Hype

Never follow the hype and rush to invest in an ICO. With a score of ICOs cropping up annually, every promoter will excite their ICO in a bid to attract a large number of takers. If you are a first time investor in crypto-currencies or not very experienced with ICO and its workings, we recommend you study the offering first.

As mentioned earlier, you will most likely come across ICOs and existing alt coins that have similar features. If an ICO is indeed hyped, find the significant features of the crypto-currency that vary from others. If the hype is about nothing or something rather insignificant, you can consider ignoring this ICO.

Look for reviews about an ICO and the website of the new crypto-currency on offer. Understandably, you will find some paid reviews that speak in favour of an ICO, adding to the hype. However, you will come across excellent, honest reviews which will help you consider before investing.

In Conclusion

ICOs are an excellent way to build a portfolio of crypto-currencies. Considering these five things will help you arrive at a proper decision on investments. ICOs are not cheap or inexpensive by any standard. Hence, astute judgement is needed.

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XRP Up Over 100% in The Past 3 Days, The Highest Price Since June! Anticipating XRapid

The price of XRP has surged in the past few days. The rally began on 18th September after the news broke of

Today, XRP briefly passed Ethereum on Coinmarketcap as the second ranking cryptocurrency in terms of total market capitalization.

XRP touched a high point of $0.76 today (21st September) meaning the market cap rose above $30 billion USD. At the moment, Ethereum’s market cap stands at $23.3 billion.

The price of XRP has since decreased to $0.58 meaning the market cap is currently valued at $22.3 billion, meaning it’s now fallen back into third place.

On 18th September, the XRP price was $0.27, in just 3 days it’s jumped 114% to it’s current price making the XRP price the most significant gain of the year for any of the top 10 cryptocurrencies. The price hasn’t been this high since June 2018.

What is driving the XRP price?

One of the most significant drivers of the XRP price is likely to be the news from Ripple, the company whom created the cryptocurrency XRP are almost ready to launch their newest product, Xrapid.

Xrapid is a product that’s been in development for a while now and has had the community very excited anticipating the launch.

The project enables company’s to minimize their liquidity costs:

xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity.

In an interview with CNBC, Sagar Sarbhai, Ripple’s head of regulatory relations for Asia-Pacific and the Middle East, said he was hopeful that xRapid will be launching within the month.

The project will be utilising XRP which could explain the recent rise in demand for XRP:

xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which dramatically lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers a highly efficient, scalable, reliable liquidity option to service cross-border payments.

The excitement around the product is huge and it’s obvious to see why. Ripple have partnered with large financial institutions such as Santander and American Express who will be using the services of Xrapid. These large partnerships give a huge potential for utilisation of the XRP token and speculative investors are hoping the recent price increases are just the beginning.

Could this recent bull run set the stage for another cryptocurrency bull run like we saw around the same time in late 2017?

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Coinbase Issue Statement over “Self Trading” Allegations

CryptoFuse to Offer World’s First Secure, Internet-free Transactions

Washington, DC, September 18, 2018 – Cryptofuse is the world’s first company to create secure, internet-free transactions, backed by the power of patent-pending, military-grade technology. CryptoFuse was launched in June at the Blockchain Expo in London. Offline Blockchain technology has been a hot topic of discussion across the globe, representing a critical challenge for adoption that impacts millions of people. While there are many companies that offer solutions for transactions, there is an Achilles heel in all of them: without consistent internet connectivity, it is not possible to guarantee that the transaction will be honoured once internet connectivity is restored.

Cryptofuse has solved this problem by offering a unique, patent-pending solution using proprietary hardware/software, blockchain and mesh networking. The value of the CryptoFuse solution allows “in person, face-to-face” transactions to be guaranteed. By simply using a smartphone paired with a small storage device (key fob), customers and businesses can be assured that transactions have occurred (e.g. money exchanged hands) even when internet is not available at the time of the transaction. The secure transaction is later recorded in a permanent ledger once internet connectivity is restored.

This solution will expand the usefulness of blockchain in currency transactions, smart contract execution and supply chain tracking, all with no internet connection at the time of the transaction. Use cases range from a farmer selling a truckload of fruit in a developing country to supply chain tracking of commodities in disaster areas.

As a company, CryptoFuse is a business-to-business (B2B) model. CryptoFuse will leverage the existing customer base of our business partners to provide a channel for selling products and services. Revenue is generated predominantly through transaction fees charged while conducting “off internet” transactions and sale of proprietary hardware devices. CryptoFuse has a $3.2M MOU with its fist business partner, ExperCoin. ExperCoin is a Harvard-incubated protocol for creating decentralized economies. CryptoFuse and Expercoin will join forces to pioneer the creation of “internet-free” transactions that will allow cryptocurrency and smart contract transactions to occur even when internet connectivity is not readily available.

CryptoFuse has a strong team in place to include Andrew Wayne Couch, the founder who sold his first company and ran his second company for seven years before leaving to start CryptoFuse. According to Couch, “partnerships are the best way to get this new capability into the hands of those who want it and implement mass adoption. We believe everyone should have access and the opportunity to transact money, documents and information no matter where they are, even if internet access is not readily available.”

For more information, please contact:

Andrew Wayne Couch

Founder

Andrew@Cryptofuse.com

About Cryptofuse:

CryptoFuse offers secure, internet-free transactions, backed with the power of patent-pending, military-grade technology.

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Dubai Police Predict Digital Money Will Replace Cash

At a recent event, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai addressed attendees about security risks associated with digital currencies, whilst also stating the importance on being aware of such risks as he believes digital money will replace cash in the future.

Police in Dubai were warning those about the dangers with cryptocurrencies and how they can be used to facilitate crimes in the United Arab Emirates (UAE).

Also in attendance at the forum on September 16th was Major-General Khalil Ibrahim Al Mansouri, assistant-commander of criminal investigation department (CID) at the Dubai Police. The overall aim of the talk was to raise awareness of how cryptocurrencies can aid criminals, specifically with fraud and money laundering. However, because of such a strong belief in the future of digital money, they believe it is necessary to raise awareness.

The money of the future

Because of how digital money is used, Lt-Gen Dhahi Khalfan Tamim believes that although digital money will replace cash, he does not believe that they will achieve the same level of trust as fiat money. As long as the source of funds and the sender and recipients of transactions remains unknown.

Major-General Khalil Ibrahim Al Mansouri, stated that the volatile nature of cryptocurrencies means it is impossible to offer protection to investors, and believes the only way in which the government can protect investors is by warning about the potential risks of making such an investment.

There were a number of other experts at the forum who also voiced their opinions on the UAE’s stance on digital currencies. With the general consensus being that the UAE should engage with cryptocurrencies to prevent them being used to aid criminal activities. Dr Saeed Al Dhaheri, chairman of the Dubai SmartWorld project believes that Dubai should focus on creating a regulatory system to monitor and track cryptocurrencies. He believes this would prevent digital money being used by criminals.

Experts also suggested the potential for a state-backed cryptocurrency for the UAE, which would coincide with amendments to existing AML and CFT laws, as well as forming a regulatory system for regulating cryptocurrencies.

It seems as though it is generally a positive statement of intent from the UAE, however, their is certainly an err of caution.

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Mainstream Cryptocurrency Adoption is Happening Around Us – You May Have Just Not Heard About it

The Marshall Islands plan to adopt a cryptocurrency called ‘Sovereign’ later this year.

News broke recently that the Republic of the Marshall Islands have been warned against adopting a digital currency as a second form of legal tender. The International Monetary Fund (IMF) have been quoted as saying that the country, which consists of hundreds of islands in the Pacific Ocean, should “seriously reconsider”.

Currently the Marshall Islands only use the US dollar counts as legal tender in the islands. However, in Febuary this year a law to adopt a digital currency named “Sovereign” alongside the dollar was passed.

The first Sovereign Coins are planned to be issued to members of the public via an initial coin offering (ICO) later this year. However, IMF directors said the potential benefits of the move were much smaller than the potential costs of “economic, reputation and governance risks”.

“[Marshall Island] authorities should seriously reconsider the issuance of the digital currency as legal tender,”

The main issue resides around the only domestic commercial bank in the country. It is reported that it is at risk of losing its only correspondent banking relationship with another bank in the US. Without this relationship Marshall Island citizens will be unable to transfer dollars in and out of the country.



The report goes on to highlight the Marshall Islands’ dependence on foreign aid, and the fact that the country is vulnerable to natural disasters. Adopting a digital currency as an official form of legal tender would not only threaten financial integrity with the US bank. The result could mean future disruption to foreign aid.

However, not everyone agrees with the IMF’s report. David Gerard, author of Attack of the 50 foot Blockchain said ‘The global financial organisation was expressing concern because it was aware of traditional banks’ wariness around digital currencies.’

Those banks may associate crypto currencies with criminal activity, including money-laundering, because the digital currency networks have been designed to move coins or tokens around at great speed.

This would give the US correspondent bank cause to rethink its relationship with the Marshall Islands, he explained.

“The IMF is not strong-arming the Marshalls, what they’re doing is describing what will obviously happen if they proceed — the large correspondent bank will be quite worried,” he added.

Despite the report from the IMF, the Marshall Islands still plan to launch the currency later this year. This will be another win for the mass adoption of crypto and digital currencies in a year which has seen prices tumble.

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An ICO list Can Help You Choose Which to Invest In

The Benefits of a List of ICOs

The world of cryptocurrencies and blockchain technology, at first, can seem very strange. Many people have avoided getting involved in this industry because they don’t understand how it operates and believe cryptocurrencies, as well as blockchain technology, to be the latest fad. Much like snap bracelets or fidget spinners, many think that the whole industry will soon fade and vanish.  

For those who have dipped a toe in the crypto community, it is clear that this industry has a lot to offer and is here for the long term. After taking the first step and acquiring ethereum (ETH) or bitcoin (BTC), it is time to move on to the next step and invest in an Initial Coin Offering.

Initial Coin Offerings are an exciting way to use your newly purchases crypto assets. Initial Coin Offerings, or ICOs, are startup projects and companies that are used in the crypto industry to raise the capital they need to get their product launched. It is very beneficial to projects, as in addition to raising capital they also raise awareness of their product and further build their brand.

As an investor, it is wise to always research any ICO before you invest. Researching the startup’s vision, whitepaper, and team will not only be very interesting, but also give you a lot of insight into the particular ICO. In this way, you can determine which ICO best fits your personal investment strategy.

 

Picking an ICO      

Now that you’ve made the decision to invest in an ICO, you need to know what ICOs are currently happening. It is a blessing to have the Internet at our fingertips, as it is filled with so much information about every subject. However, this can also be a curse because you have to sort through all of the information to find a good source. If you are looking for one place to find a lot of information about current and upcoming Initial Coin Offerings, then a website that publishes a list of ICOs is perfect for you.

An ongoing ICO list will tell you which ICOs are currently in their token sale. Additionally, you will find when the token sale started, what the ICO’s soft cap is, how much has been sold so far, and when the token sale ends. Looking at these dates is important. If the project’s ICO is over in a few days, and they still have not yet reached their soft cap, investing in this ICO is most likely not worth your time. If the ICO ends in a few days, you may not have the time you need to thoroughly research and investigate the project before you invest. It is important to have ample time to research the project so that your decision to invest can be fully informed.

First, read through the short descriptions provided on the ICO listing website. After reading these descriptions, make a list of different projects that offer innovative solutions or that create a product you find interesting. After you make this list, you should read a few reviews, ratings, or analyses of the projects on your short list. Remove any ICO that is thought to be a bad investment, scam, or that has an inexperienced team.

Once you’ve used this process to create a short list of projects you will consider investing in, start a deeper and more complete research of the ICO and the team behind the project. After you’ve completed all of your research, you will have the information you need to make a decision and invest in an ICO. Even after you invest and buy the ICO’s coins or tokens, continue to follow the project to see how your investment is progressing.

 

Looking to the Horizon

After you’ve completed your first investment in an ICO, you will see how enjoyable the experience was and will want to continue to invest in other ICOs. This fast-paced industry offers new investment options every day. Sign up to receive updates from a website that publishes an upcoming ICO list. This way, you’ll know what interesting projects will soon be launching their token sales. You may even get the opportunity to invest in an ICO’s pre-sale!

Investing in an Initial Coin Offering can be very exciting. It is important to take the decision to invest seriously and do your due diligence before purchasing an ICO’s coins or tokens. While there is potential to make a nice profit, there is also potential for loss. As such, never invest more than you are willing to lose.

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Do You Want To Win Bitcoin? Here’s How

Bitcoin Searches are at their Lowest on Google

Bitcoin searches decrease

It seems that Bitcoin is losing more than just its market value on the global scale.

As the bitcoin level of interest decreases, so goes bitcoin searches on Google  as well, bitcoin searches were recorded to be at their lowest since October 2017 on Google Trends, a platform which records user interest on search terms and topics.

bitcoin searches see their lowest in 6 months

According to Google, the surge in Bitcoin related searches had reached its all-time high in December, when the world’s first cryptocurrency had been reaching and running past unprecedented milestones, such as touching the never seen before value of $20,000.

 Google Trends shows that during that time, the term “bitcoin” had reached its peak interest with “100”, denoting high interest levels, the highest interest level that a search term can hold during its lifetime.

Back i March 2018, we reported the current trends showed the level of interest had dropped to “19”, indicating things were not looking too good for Bitcoin’s mainstream popularity.

At that time, the Bitcoin price was sitting around $9,000. Google Trend data for the present day (17th September 2018) shows that the level of interest has dropped to just 8 compared to the 100 seen in December. That means Google search volume for bitcoin is down over 90%.

It goes on to show that Bitcoin is slowly losing its popularity amongst the masses, and if it does not get to pick up in value soon and show its worth to the world, then it might fade into the same level of obscurity that it had been in before the last two months of 2017, at least for the time being.

In regards to bitcoin searches and bitcoin level of interest

This begs the question is it the price of bitcoin that drives bitcoin searches and interest in bitcoin or is it more that public interest in bitcoin and other cryptocurrencies raise the price of the bitcoin and other cryptocurrencies? If December provided any clues it may be showing that it is the price of bitcoin and the continous coverage by media channels like CNBC and others on the rise in prices that raised the interest from the general population. Will the bitcoin level of interest rise as this year progresses and we potentially see higher prices, reaching all time highs ?

Google news besides bitcoin searches

Google has been one of the tech giants, in addition to SNAP inc and Facebook’s ban on ICO ads. The social media and advertising giants are doing so to make sure that they are keeping their platforms clean and they are able to create a better user experience overall.  Furthermore, the search giant is working on getting into the blockchain industry as well as it is looking to utilize the technology in a complementary light to its cloud businesses in general.

According to Bloomberg, their parent company is creating its own form of distributed ledger technology:

“The Alphabet Inc. unit is developing its own distributed digital ledger that third parties can use to post and verify transactions, one of the people said. Although the timing of any product release is unclear, the company plans to offer this to differentiate its cloud service from rivals. It will also provide a white-label version that other companies can run on their own servers, the person added.”

The company is also looking to be very active in the market as it has gone on a shopping spree as in regards to the purchases of  DLT based companies.

“Google has also been acquiring and investing in startups with digital ledger expertise.”

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