Blockchain
IPOSUP.com Aims to Improve Cash Flow of Micro-Businesses Via Instant Settlement of Card Payments
ECASH Account lets merchants access card takings in seconds!
LONDON – 10th September 2020 – IPOSUP.com expects to launch pre-Christmas 2020 a new ECASH Account card payments settlement service for UK businesses. The new product based on blockchain ledger technology helps to solve one of the biggest challenges small businesses face: Managing cash flow.
IPOSUP.com is launching pre-Christmas its Android phone based “IPOS bric” and “IPOS soft” products to make accepting cards simple, fast and affordable for micro-, small- and medium-sized businesses. Businesses (including new start-ups) can download and register on its free Google Play Store ‘iposup.com’ app. With the launch of ECASH Account, sellers can get their money into their ECASH IPOS WALLET account in seconds, 24 hours a day, whenever they accept card payments. The money can then be transferred into their own bank accounts within 30 minutes or the following day, seven days a week.
Dr Chandra Patni, CEO of IPOSUP.com said: “Major pain point for micro businesses is cash flow. Our products are all built to provide fast instant access to card payments processing funds to help businesses of all sizes remain liquid in current times of Covid19 crisis. We believe our merchants should have the ability to access their card payments money as fast as possible, so we’re excited to provide this new blockchain powered Instant ECASH Deposit service to businesses across the UK. This IPOS WALLET account also allows person to person ECASH transfers in seconds.”
Speed is a hallmark of IPOSUP.com IPOS WALLET app services. Businesses will use IPOSUP.com mobile IPOS WALLET app and get their money instantly into their Instant ECASH Account. With the launch of ECASH Account, sellers can now click a button in the IPOS WALLET app to get their funds transferred to other IPOS WALLET holders instantly or into their bank account within 30 minutes or the following day. All they need to do is self-register in the app providing user details and link their bank account to their IPOSUP.com IPOS WALLET account.
IPOSUP.com offers competitive, flat fees of 1.3% when taking in-person payments. Sellers using ECASH Account will be charged an additional 1% if they want their Bank withdrawal transfer to be immediate, within 30 minutes or no charge if the Bank transfer is set for the following day.
Dr Patni said: “Many micro-merchants trade on Fridays and at the weekends, and have to wait until the following week to get hold of their card takings and as business is often around 50 to 70% card payments, waiting for that money really affects business cash flow particularly at weekends. With ECASH Account and immediate bank transfer withdrawal, businesses can get money straight away, 24/7, and put it right back into the business.”
Small businesses who want to find out more about ECASH Account can check out on IPOSUP.com website.
About IPOSUP.com
IPOSUP.com is the HCE Service Ltd, UK secure and exciting mobile POS payments service aimed at micro-merchant customers throughout UK and EU Europe with the aim that their Android smartphones downloaded with the mobile IPOS WALLET app can process chip and PIN and contactless NFC mobile payments at the Points of Sale.
Our state-of-the-art hosted infrastructure provides high-availability 24-7 PCI-DSS payments processing services. Our SWIM (Software Wireless Identity Module) solution provides strong cryptographic security for our IPOS WALLET services on mobile devices. Our MAP (Mobile Application Platform) host provides the most advanced HCE EMV card/token issuance payment service for most card/token issuers.
For more information, visit: http://www.iposup.com, http://www.iposwallet.com and http://www.hceservice.com.
Contact: Dr Chandra Patni, [email protected], +447947551428
Source: RealWire
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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