#CryptoCorner: Hong Kong Stock Exchange Working on a Blockchain Platform, Crypto Security Company Ledger Expands to Asia Pacific, Coinsource Wins License to Operate Bitcoin ATMs in NY State
November 2nd #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - November 2, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: Hong Kong Stock Exchange Working on a #Blockchain Platform, #Crypto Security Company Ledger Expands to Asia Pacific, Coinsource Wins License to Operate #Bitcoin ATMs in NY State
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Hong Kong Stock Exchange Working on a Blockchain Platform, Crypto Security Company Ledger Expands to Asia Pacific, Coinsource Wins License to Operate Bitcoin ATMs in NY State and Binance Uganda Signs Up 40,000 Users in First Week
FinExtra reports that the Hong Kong Stock Exchange (HKEx) will be working with distributed ledger technology (DLT) company Digital Asset Holdings to establish a blockchain platform. The platform will initially be used to enhance the Stock Connect collaboration between HKEx and the Shanghai and Shenzhen stock exchanges. The plan was first announced by HKEx CEO Charles Li at a Hong Kong Fintech Week event. He told the audience that this development could mark the start of an exciting future for the exchange.
"This could be the beginning of a long journey of innovation and revolution and we're very excited to share this important milestone."
Crypto security company Ledger is expanding its operations to Hong Kong, according to a recent announcement. The company has named Benjamin Soong head of their Asia Pacific (APAC) division. Soong explained the rapid growth of blockchain technology and the attendant need for security services that Ledger can provide.
"Blockchain technology is evolving the financial system rapidly, it is critical that institutions and investors adopt security solutions that are equipped to face the new risks that come along with it. Secure storage of large multi-cryptocurrency funds is a highly complex challenge that cannot be solved by just implementing procedures. Institutions are looking for safer storage options along with integrated governance policies, but don't want to sacrifice operational efficiency - with our technology, investors don't have to compromise."
Coinsource Inc., which operates cryptocurrency ATMs, has been granted a virtual currency license by the state of New York's Department of Financial Services (DFS), according to a press release yesterday. This move makes Coinsource the first Bitcoin ATM operator to be approved for operations in New York state. DFS Superintendent Maria T. Vullo commented on the body's decision:
"Today's approval is a further step in implementing strong regulatory safeguards and effective risk-based controls while encouraging the responsible growth of financial innovation. New York's financial services marketplace is thriving with companies committed to complying with DFS's regulations that ensure the security of transactions, safeguard the industry and protect consumers."
CoinDesk reports that crypto exchange giant Binance has signed up 40,000 users in their first week of operations in Uganda. Though Binance does not itself offer crypto to fiat transactions, or vice versa, it has partnered with an unnamed mobile payments service that can convert fiat to crypto for users, making it easier for traders to get involved.
Sam Mowers, Investorideas
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Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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