Blockchain
Voyager Digital Expands Partnership With Circle Internet Financial to Increase Funding Options & Accelerate International Expansion of Its Crypto Broker Platform
Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a public, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced an expansion of its partnership with Circle Internet Financial Inc., to include the Company’s Circle Payments API Integration. Voyager will integrate the Circle Platform Services & Payments API into its Voyager Crypto Broker Platform which will result in the expansion of its funding mechanisms.
“Adding Circle Platform Services & Payments to our Crypto Broker Platform enables us to broaden the available funding channels for Voyager accounts,” said Steve Ehrlich, Co-Founder and CEO of Voyager. “These new services will give Voyager customers access to more options to fund their accounts through debit cards, credit cards and bank wires. As a result, Voyager customers will now have additional options to access all 40 of Voyager’s digital assets through our commission-free crypto broker trading platform. The addition of these new funding mechanisms will also make it easier for international customers to move fiat onto the Voyager platform, as we set our sight on global expansion.”
Voyager previously announced in February 2020 that it had entered into a definitive agreement to acquire Circle Invest, the retail digital asset business from Circle Internet Financial, Inc. The transaction added more than 40,000 retail accounts to Voyager’s customer base, making it one of the largest digital-asset-only agency brokers in the U.S., now servicing over 230,000 global users across its platforms. The majority of Circle Invest customers converted to the Voyager Platform at the end of March 2020.
“We’re excited to expand the partnership with Voyager and play a key supporting role as the firm answers growing global demand for crypto assets and USD Coin,” said Circle Co-Founder and CEO, Jeremy Allaire. “Circle platform services enable industry innovators, like Voyager, to rapidly extend product offerings and reach more customers with payment methods that seamlessly bridge traditional financial networks and digital dollar stablecoins, like USDC.”
Circle has introduced next generation payments processing APIs and has successfully combined the benefits of stablecoins and blockchain with traditional forms of payments like cards and banks. Just recently, Circle’s Stablecoin, USDC, officially passed the $1 billion market capitalization, a monumental milestone that secures its rank as the 2nd largest stable coin in the cryptocurrency marketplace. USDC has seen increased demand and has become a verifiably trusted source of 1:1 dollar peg due to its adherence to transparency and auditability.
Last week, Voyager provided shareholders with a business and operational update as of June 30, 2020. The Company also announced preliminary unaudited revenue of approximately $1.1 million for the fiscal year ended June 30, 2020, representing a 1,159% year-over-year increase and 750% in Brokerage Accounts. Voyager expects to file its full-year fiscal 2020 financial statements and MD&A on or before September 30, 2020.
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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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