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TradeFinex Launches An Updated Website Supporting Financial Instruments

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TradeFinex Launches An Updated Website Supporting Financial Instruments
Source: XinFin

The TradeFinex website has recently undergone some significant changes. The redesigned site highlights; achieving liquidity and interoperability of financial instruments as the main objective. With the updated TradeFinex site, the entities can mitigate counter-party risks by making their digital bonds and invoices; liquid and interoperable.

Digital Bonds

Based on XinFin Hybrid Blockchain, TradeFinex will simplify and streamline the entire corporate bond lifecycle. TradeFinex will create a global bond standard by connecting traditional bond market with digital bond technology. Built-in KYC/AML regulations and standard features like profile creation for both organization and individual; makes TradeFinex, a real-life bond creation, and exchange platform.

Source: XinFin

A blockchain-powered platform, TradeFinex is fully secure and transparent and will always avoid the risk of a single point of failure for its users. Not only will it make creating, managing, and liquidating bond instruments seamlessly easy but will also enable hassle-free automatic, instant, and efficient bond settlements for its users. Another major benefit would be the enhancement of secondary market liquidity by bringing brokers, dealers, and licensed entities on one single platform.

Interested institutions looking to conduct a PoC, please click here.

Explore more about Digital Bonds here.

Invoices

TradeFinex leverages the power of blockchain to help users get more financing options to their unpaid invoices. InFactor is a platform for factoring trade instruments, mainly invoices. Designed on a global framework, XDC-I11 messaging and transaction ISO20022 standard using XinFin Hybrid Blockchain technology, InFactor will convert unpaid invoices to instant cash. Built-in XDC Wallet and smart contracts will make invoice factoring easier, transparent, and secure for its users.

Source: XinFin

Open ‘plug-and-play’ API access will enable easy and fast integration allowing users to create interoperable platforms and get access to a wider financial ecosystem. The underlying smart contracts will facilitate automatic repayment and settlement of invoices. Hence, companies receive cash instantly, customers live by friendly payment terms and investors earn profits in the form of factoring fees.

Interested institutions looking to conduct a PoC, please click here.

Read more about Invoice Factoring/InFactor here.

Coming Soon on The TradeFinex Site

R3 Corda Bridge

Another counter-party risk mitigation feature pending release on the TradeFinex website is R3 Corda Bridge. TradeFinex will enable users to connect R3 Corda Bridge State with Public Network by deploying Corda smart contracts to XinFin Network smart contracts using a relayer bridge. R3 Corda and XinFin Bridge connectivity will facilitate atomic swap which will completely revolutionize the money transfer system in the crypto world.

Explore more about R3 Corda Bridge here.

The TradeFinex Consortium

The TradeFinex team has initiated a consortium with open invitations to address peer-to-peer trade finance and asset tokenization of real-world assets. TradeFinex invites Global Public Investors [GPIs], regulators, fintech companies, and financial & government institutions to be a part of the ecosystem who will introduce the right financial instruments, their standardization and will closely work with regulators for holistic business development. To be a part of this change as a consortium founding member, please click here.

Click here to know more about the consortium event scheduled in June this year.

Click here to know more about the TradeFinex LinkedIn Group. Membership with invitation only.

About XinFin

XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit here or learn more about XinFin in this video.
Interested Institutions looking to setup KYC enforced Masternodes [TestNet], please click here.

Follow XinFin on Twitter, LinkedIn, and Telegram.



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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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