Connect with us

Altcoins

Stellar enabled money transfer platform to be launched by BluepanNet

Himanshu Kumar

Published

on

Stellar's new partnership
Source: MaxPixel

Stellar has partnered with BluepanNet to provide them with the with a platform to enable cross border payments. BluepanNet has in the past tried to use Bitcoin to enable transactions. This is an area that requires attention and Stellar and BluepanNet might be able to provide solutions to a lot of people working in Asia.

Stellar helps provide low-cost financial services and has been in the in the radar for checking off goals on their 2018 roadmap. This is one of the many partnerships they have been able to crack last year. 37 was the last year’s count with biggies like IBM and Tempo.

Also keeping them in the news has been the steady climb in the value of their native digital currency Lumens (XLM). Stellar Lumens (XLM) was launched in 2014 and upgraded the year after, this coin is valued at $0.310443 with a large market cap of $5,742,704,389 and analysts are predicting an up-climb in value in the days to come.

BluepanNet was launched in 2015, just called Bluepan then and is the largest remittance company enabled by blockchain technology. It is aimed at helping immigrant workers in Asia where remittance accounts for a large sum of the GDP. World Bank agrees that remittance is a huge burden on immigrant workers and the G20 is targeting to bring these prices down to 5% under the World Bank initiative.



BluepanNet’s goal in their words,

“is to disrupt the entire global remittance market with blockchain technology. We believe that our remittance technology can help migrant workers and small business owners save remittance transaction fees significantly.”

The goals of both the partners seem to be aligned in helping and providing support to people who are in need by using technology, more specifically using blockchain technology. It is refreshingly interesting to see how technology and non-profit can come together to build for a better future.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Himanshu Kumar is part of the Editorial Team at AMBCrypto. He dropped his Engineering studies to pursue his passion in the research of Artificial Intelligence and Blockchain. He has an extensive three-year developer and editorial background in the space of cryptocurrencies. He currently does not hold any value or sentiment with any cryptocurrency or its projects.

News

Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Guest Author

Published

on

Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending