Blockchain
Blockchain Drives New Mode of Payment – BeTreasury Completes Seed Round Financing
Reading Time: 2 minutes
BeTreasury, a leading cross-border blockchain payment platform, received millions of dollars in seed round financing in early 2019, and the company aims to develop an ecosystem for financial applications. BeTreasury will use the capital to build blockchain platforms, employ leading industry talent and develop back-end infrastructure for global accounts. BeTreasury provides global enterprises with cross-border financial service solutions based on blockchain technology of its online banking system and the introduction of its stablecoin, BUSD.
Online Banking System – Multi-currency Interbank Settlement and Collection
In order to conduct global trade, cross-border enterprises usually require banks accounts in multiple countries. Thus, the requirements for opening different global bank accounts, conducting exchanges and settlements, issuing cross-border receipts and payments also increase the procedural costs and human and material resources. BeTreasury is committed to facilitating all aspects of business in the online banking system: commercial tenants can conduct one-click global multi-currency collections and settlements through the online banking system.
In the BeTreasury’s online banking system, withdrawals will reach users’ accounts in real time, and funds can also be transferred to other users in the system free of charge. At the same time, the BeTreasury’s online banking system also supports ATM cash withdrawals and transactions undertaken in both physical and online stores. BeTreasury’s global currency account may potentially assist commercial tenants collect money from users in more than 200 countries.
BUSD: A New Mode of Payment Driven by Blockchain
Powered by blockchain technology, BUSD aims to provide both individuals and institutions with a new method for transaction value. Both the issuer and market participant can take advantage of the consensus mechanisms inherent to blockchain to realize fully transparent cross-region, cross-asset or cross-application P2P trades in real time. Given the nature of the tokens’ value stability, stablecoins have become popular as other crypto tokens tend to see wild fluctuation in value. This new mode of payment will meet the ever-increasing demands placed on the blockchain medium of exchange, including payments and receipts, consumer activity in all commercial environments as well as and cross-border payments made to users.
BUSD is a central part of BeTreasury’s mission to create a decentralized ecosystem for the world of finance driven by the blockchain. BUSD is a cryptocurrency which has 1:1 parity to the US dollar. The fact that BUSD is fully backed by the US dollar provides users with comparatively stable purchasing power. BUSD’s support system offers three layers of security architecture for users: the mobile wallet (DApp), BUSD server, blockchain and smart contract.
To enrich the application scenarios of BUSD, BeTreasury also introduced the BUSD client wallet and bank card, and the bank card uses legal tender as the circulation medium. Meanwhile, BUSD leverages intermediary fees over the traditional SWIFT bank transfer system used by most enterprises on cross-border payment. It can realize point-to-point payments on the basis of simplifying the process, ensuring considerable savings for commercial tenants. The BUSD payment fee is only 0.5% compared to around 3% for the traditional cross-border mode of payment.
Currently, BeTreasury has bank accounts in Singapore and Europe, and has applied for a US bank account and European EMI license. Moreover, BeTreasury endeavors to complete the online circulation of more than 100 digital currency circulation platforms in 2019, carry out payment tests with cooperating commercial tenants and seek deeper cooperation with them, and issue additional stable currencies such as BEUR and BLPY.
BeTreasury is currently seeking a new round of financing, which will be used for team expansion, market circulation, marketing, technology research & development and daily BUSD operation. It is believed that BeTreasury is ready for its future planning and preparation driven by innovations of cross-border financial service Blue Ocean and blockchain technology.
SOURCE BeTreasury
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
The post 39% of Canada’s institutional investors have exposure to crypto: KPMG appeared first on HIPTHER Alerts.
Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
-
Blockchain7 days agoPhoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain Press Releases7 days agoDWF Labs joins the Klaytn Governance Council
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain Press Releases2 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain6 days ago
Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest
-
Blockchain6 days agoSupply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
-
Blockchain2 days ago
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
