Ten31, a FinTech branch of the German bank WEG Bank, has partnered with the Singaporean technology incubator Anquan Capital, with the aim of working with the blockchain for banking and financial purposes.
No stated intentions had been finalized at the time of publication, although Ten31 chief executive Matthias von Hauff said: “We have added another ideal partner to our network. Not only do we benefit from their excellent technologies, but we also ensure a spearhead in the Asian region for the long term. “
And Anquan CEO Max Kantella said the growing importance of blockchain makes them ripe for “exploring how unlocking the potential of DLT technologies could accelerate digital transformation and revolutionize finance for everyone.”
The partnership will likely lead Ten31 to assist Anquan customers with digital child care.
SBI Holdings, partner and investor of Ripple, plans to offer Ripple-based settlements with the MoneyTap platform at all ATMs in Japan.
The idea behind the regulations is to give customers easier access to their funds, regardless of their bank affiliation.
MoneyTap, launched in 2019 on iOS and Android, allows users to use QR codes or phone numbers to transfer money.
According to SBI, the purpose of using MoneyTap is to reduce the costs of withdrawing money from an ATM. When using a common web platform, the cost is the same no matter what a customer uses to withdraw money.
The controversial Reddit web map, a hot spot for cryptocurrency enthusiasts, is now planning to launch its own cryptocurrency.
The part will be purchased by posting comments. Then it can be used to buy exclusive digital badges and stickers and to respond to Reddit comments with gifs. The idea is different from a video game currency in the world because Reddit uses the Ethereum network to take out the coin.
Some commentators have noted the possibility of possibly transferring the coin to a general exchange token, for trade or actual purchases, rather than a means of engaging on the website.
Critics hope that Reddit will be ready for those trying to “play” the system by the way the coins are allocated (for things like posting quality reviews). And some will not think that it is a fair trade that Reddit gives itself 20% of the tokens distributed.