Blockchain
Banking Platform Black Banx Emerges On the Global Market
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WB21 today formally unveiled the rebranding of its digital and crypto banking platform to Black Banx.
For 18 months, the Black Banx team has worked to develop and launch the platform in an effort to best serve their eight million pre-existing clients of WB21.
The evolution of Black Banx from WB21 represents the company’s continued commitment to challenging the status quo in the banking industry, and its proud history of serving both individuals and businesses such as crypto-traders who have been denied service from traditional and conventional banks.
As the online banking industry continues to evolve and crypto-currency becomes increasingly popular, Black Banx stands at the forefront of the industry, prepared to guide and support its customers.
“Black Banx is a more expressive name and logo – better representing our business activities and the company’s rebel approach in the banking industry. Black Banx stands for the liberalization of banking, combining crypto currency and banking at a level that no other financial institution would offer,” said founder and CEO Michael Gastauer. “We’re incredibly excited to make this evolution that will bring our clients new and unique offerings while welcoming new clients who are eager to delve into the world of crypto currency.”
Black Banx’s philosophy is to offer accounts to private and business clients that would typically have difficulties establishing a bank account with other financial institutions. Customers operating in the crypto currency space are often “blacklisted” and denied financial products and services from traditional banking operators – despite the emergence and growth of crypto currency in the world economy.
Black Banx offers complete virtual account creation, using a unique business model that allows users to open their accounts in less than eight minutes. By coupling newer financial technology such as the blockchain and crypto-currency with traditional banking infrastructure, Black Banx is singularly able to process cross-border payments with speed and ease. As a result, the Black Banx platform currently processes transactions exceeding $10 billion USD per month in 180 countries.
“Our banking platform and market presence have seen enormous growth since the inception of our company as WB21 in 2015,” said Gastauer. “The emergence of the Black Banx brand is the logical next step toward reaching more customers and providing service in more ways to support the growth of crypto currency economies.”
SOURCE Black Banx
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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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