1) Global Banks Testing Blockchain to Speed up Transactions – 75 join Interbank Information Network (IIN)
According to a report today in the Financial Times – JPMorgan has widened blockchain payments to more than 75 banks.
Richard Chambers, COO of blockchain investment platform InvestX and former director at Royal Bank of Scotland’s Corporate Transactions Team, commented on the news:
“JP Morgan’s Interbank Information Network is one example where the banks are using blockchain technology to even the playing field versus fintech startups such as TransferWise which has a lower cost base.
From the article:
“More than 70 additional banks, including Société Générale and Santander, are joining the Interbank Information Network (IIN) which JPMorgan, Royal Bank of Canada and ANZ have been trialling for 11 months to see if blockchain technology can speed up payments that have errors or require additional compliance checks. The idea is that a mutually-accessible ledger across banks would allow them to quickly resolve issues such as compliance checks, faulty addresses or missing data, which can lead to payments being held up for weeks. The banks expect to put about 14,500 US dollar-denominated payments a day through the enlarged network.”
2) ProximaX Sponsors SportsFix Digital StadiumTM for BWF Victor Korea Open
Sportsfix has announced that ProximaX will be sponsoring their Game Day Pass for SportsFix Digital Stadium.
SportsFix CEO Carl Kirchhoff welcomes ProximaX:
“Having ProximaX sponsor our Game Day Passes is a strong indicator that our Digital Stadium ecosystem and Sponsorship Model are attractive not only to the mainstream tech industry, but also for the blockchain industry.
“Whilst we’ve been busy managing our partnership with one of Indonesia’s largest telecom service provider XL Axiata, we’ve also been working hard behind the scenes on a new exciting partnership with ProximaX to sponsor Game Day Passes for Badminton World Federation (BWF) Victor Korea Open 2018 in Indonesia.”
Scheduled from Sept. 25 to 30 in Seoul, the Victor Korea Open brings some of Indonesia’s best badminton players, including but not limited to Asian Games Champion Jonatan Christie, Top 10 Men’s Singles player, Anthony Sinisuka Ginting, and World Tour’s #1 Tommy Sugiarto.
3) Humanitarian Blockchain Project Humaniq Doubles Number of Nations Where it Brings Better Options for Unbanked
Blockchain-fueled fintech giant Humaniq has expanded – and has launched the Humaniq app with full functionality – wallet & crypto emissions – in 24 more countries. The launch, from Asia to Latin America, almost doubles the total list of nations Humaniq App operates in to 46. The massive expansion will provide both social and financial empowerment to the global unbanked population and widen the horizon for financial inclusion initiatives.
“Humaniq is an international project and the expansion from 22 to 46 new countries is ample evidence of that. This is precisely the route that Humaniq needs to follow in order to reach its goal of making the world a better place through full financial inclusion and financial literacy for all.”- said Alex Fork, Founder of Humaniq.
Launching the app in new continents with already close to half a million users onboard after less than a year Humaniq is ready for further rapid growth and achievements. As of today, the Humaniq App can be downloaded in 24 new countries: Republic of the Philippines, Myanmar, Sri Lanka, Papua New Guinea, Mongolia, Seychelles, Belize, Dominican Republic, The Bahamas, Guatemala, Honduras, Costa Rica, Venezuela, Guyana, Suriname, Paraguay, Oriental Republic of Uruguay, México, Albania, Montenegro, Macedonia, Republic of Serbia, Bosnia and Herzegovina, Republic of Iceland.
4) Launched by Oneiro, ndau, Globally the First Coin Optimized for Long-term Store of Value
Oneiro NA Inc. has announced the launch of ndau. Aided by COSIMO Ventures, the world’s first resilient digital currency is optimized for the long-term store of value. Oneiro successfully completed its equity round from COSIMO Ventures earlier this year and has privately sold nearly $15 million of ndau so far. Unlike stable coins, ndau is not attached to fiat currencies or commodities. Rather, incentives and economic controls are built into the design of the ndau blockchain in ways that improve on both digital predecessors as well as traditional non-digital currencies. ndau shows innovations which seek to provide a combination of digital governance, diminished volatility, value appreciation potential, and long-term dependability not found in existing cryptocurrencies.
Jim Kent, CEO of Oneiro, said: “While other cryptocurrencies have achieved an impressive rate of growth, their volatility has presented a barrier to mainstream adoption, warding off many institutional and retail investors from entering the market. In order to move towards acceptance of a decentralized digital monetary system, we must address the problems of governance, stability, and dependability that limit wider acceptance of cryptocurrencies, especially for a long-term store of value. We are thrilled to have built a truly resilient, global digital currency that will address these issues.”
5) Nexus Partners with Jeff Garzik’s SpaceChain – Planning Spacenet
Innovative open-source blockchain technology and digital currency company Nexus has announced it is teaming up with SpaceChain founded by Jeff Garzik and Zheng Zuo. Spacechain is a decentralized agency that plans to build an open-source, blockchain-based satellite network.
arzik, the Co-Founder and CTO of SpaceChain and Bitcoin Core developer #3, will also be joining the Nexus Advisory Committee.
“Jeff is an early contributor to the open-source movement, and someone who truly believes in what it can do to make the world more free and open.” Colin said, “I’m honored to be able to work with him, to make the promise of cryptocurrencies real for everyone.”
Garzik and Zuo successfully launched their first cube-satellite in February of 2018, which uses SpaceChain’s satellite software SpaceChain OS and hosts a QTUM blockchain node.
Republished with permission from the wonderful guys at www.the-blockchain.com