Blockchain
Zoompass Increases Revenues and User Base by Entering Into an Agreement with Titan Digital, a Cryptocurrency Exchange and Trading Platform
Toronto, Ontario–(Newsfile Corp. – February 18, 2021) – Zoompass Holdings Inc. (OTCQB: ZPAS) (“Zoompass” or the “Company”) is pleased to announce that its subsidiary, BlockLine Solutions Pvt. Ltd. (https://blocklinetech.com) has entered into a platform development and maintenance agreement with Titan Digital Exchange (“Titan”), a SEC and FINRA compliant cryptocurrency exchange for issuing STO’s and trading pairs.
Zoompass’ BlockLine Solutions Pvt. Ltd. is responsible for designing, implementing and maintaining Business to Business (B2B) blockchain based technologies. Per the agreement, BlockLine Solutions Pvt. Ltd. will provide backend infrastructure of the platform. Additionally BlockLine Solutions will receive revenues from Titan DX based on an annual revenue sharing model, providing Zoompass with a highly scalable source of annual revenue.
The agreement allows Zoompass to achieve a number of its strategic initiatives, discussed in the Corporate Update provided on February 2, 2021, that include but are not limited to being a leader in Blockchain as a Service (BaaS) as well as cryptocurrency exchange focused verticals.
Zoompass is in the position to assist institutional and retail cryptocurrency investors with technological advancements allowing for mainstream adoption. These types of partnerships allow the Company to leverage its expertise to create future arrangements including but not limited to: licensing, strategic partnerships and joint ventures.
TitanDx.CA was launched in Canada as beta mode on 29th September 2020 to selected investors and associated users and now supports more than 20+ market pairs and accepts nine key trading crypto currencies (including BTC, LTC & ETH).
Titan currently operates an OTC trading desk and plans to further expand its userbase by migrating existing offline OTC investors to the TitanDx platform.
About Titan Digital Exchange Inc (TitanDx): Titan Digital Exchange Inc. based in Los Angeles California, is a SEC and FINRA compliant crypto exchange for issuing STO and crypto trading pairs. TitanDx cryptocurrency exchange and OTC trading platform is built on cutting-edge technology which provides industry-grade trading experience for its customers, integrates with Titan’s banking relationships and leverages Titan’s extensive experience in meeting regulatory compliance.
About BlockLine Solutions Private Ltd: BlockLine is a subsidiary of Zoompass Holding Inc. BlockLine is an expert in successfully designing, developing and delivering turnkey blockchain as a service technologies including cryptocurrency exchange and trading platforms via the Software-as-a-Service (SaaS) model.
About Zoompass:
Zoompass is a global innovator in the SaaS world, focused on deploying blockchain and digital solutions including exchange solutions utilizing existing and new protocols as well as asset tokenization solutions. The company continues to buildout its digital payment infrastructure for onboarding and offboarding as well as its next generation web-based technologies and software solutions for both private and public sectors.
Contact:
Manny Bettencourt
[email protected]
Zoompass Safe Harbor Statement
Certain statements contained within this release are considered to be forward-looking under the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties including, but not limited to, the risk that any projections or guidance, including revenues, margins, earnings, or any other financial results are not realized, the impact of changes in tariffs, adverse changes in the global economic conditions, significant volume reductions from key contract customers, financial stability of key customers and suppliers, and availability or cost of raw materials. Forward-looking statements can often be identified by words such as “anticipates, ” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expression, and variations or negatives of these words. These forward-looking statements are not guaranteeing of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of Zoompass are contained in the Company’s Form 10-k filing for the fiscal year ending in December 31, 2020, and other filings with the Securities and Exchange Commission.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74852
Blockchain
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The country passed a landmark bill in June 2023, which laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.
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The U.K. will issue new legislation for stablecoins as well as crypto staking, exchange and custody by June or July this year, Economic Secretary Bim Afolami said.
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The Conservative-party-led government has said it wants to make the U.K. a global hub for crypto and passed legislation last year to recognize crypto and stablecoins as regulated financial activities in the country.
The U.K. government is set to put forward legislation for stablecoins as well as for crypto staking, exchange and custody by June or July, Economic Secretary Bim Afolami said at the Innovate Finance Global Summit on Monday.
“We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” Afolami said. “Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.”
In 2023, the U.K. passed a landmark financial markets bill that laid the foundation for stablecoins and crypto broadly to be treated as regulated financial activities in the country. Local regulators, the Financial Conduct Authority and the Bank of England, both consulted on what a stablecoin regime would look like last February. The BoE said it would oversee stablecoin providers that were large enough to affect the financial system, while the FCA said it would regulate the wider crypto space.
Afolami teased the coming of secondary stablecoin legislation in February, adding that the government was pushing to get it done within six months.
The U.K.’s Conservative Party-led government has said it wanted to be a crypto hub and has since consulted on its ambitions to regulate crypto. The U.K. is expected to have an election this year, which could see the Conservative party ousted and some crypto plans left in limbo, meaning the party could have a limited time left to execute its plans. The Labour party is the current favorite to win.
Source: coindesk.com
The post UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says appeared first on HIPTHER Alerts.
Leading the investment were Brevan Howard Digital and Framework Ventures, which signals confidence in Berachain’s vision and approach.
Notable investors in Berachain include Samsung Next, HashKey Capital, Animoca Ventures and Nomad Capital, highlighting the growing interest in DeFi-focused blockchain projects.
Berachain co-founder Smokey Bera emphasized the importance of the funding round, stating: “We see this fundraising as a great validation of our approach to building a blockchain that is built on feedback from real users and developers, and to deliver value for those groups that actually contribute to the growth of the network,” as reported by Bloomberg.
According to Berachain’s website, the platform offers a certain degree of compatibility with ETH, making it easier to transfer applications and assets. While it may not fully replicate the functionality, performance or security features of Ethereum, Berachain serves as an EVM-compliant first-layer blockchain built on Cosmos-SDK.
This architecture allows Berachain to support similar tools and operations as Ethereum, while introducing additional functionalities optimized for proof of liquidity and typical decentralized use cases such as exchanges and oracles.
The blockchain network will introduce three core assets: the BERA token for on-chain transactions, the BGT token as its governing coin, and HONEY, the protocol’s secured stablecoin, offering a complete ecosystem for decentralized financial applications.
Source: cryptodnes.bg
The post A new blockchain project has raised $100 million in funding appeared first on HIPTHER Alerts.
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