Category: Crypto

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Crypto

Monero (XMR) CEO, Riccardo Spagni, Announced Tari Project, A Decentralized Ecosystem For Cryptocurrency

This week, Monero (XMR)’s Tari project, written and running on Monero (XMR) blockchain, that will focus on creating a new decentralized ecosystem for cryptocurrency has been released. Recently, Riccardo Spagni, CEO of Monero, posted on Reddit more details regarding the operation of the Tari project.

The founders of the Tari project, namely, Riccardo Spagni, Naveen Jain (Sparkart), and Dan Teere (ex-leader of Ticketfly), believe that “due to the many concessions involved, it is more difficult to build a protocol focused on decentralized and scalable applications than a protocol that focuses only on digital assets.”

The needed funds for the Tari project, according to Spagni, will be obtained from venture capital firms such as Trinity Ventures, Redpoint, Slow Ventures, Aspect Ventures, and Canaan Partners.

No Initial Currency Offering (ICO) will be made to finance Tari

For this program to develop, the Tari Labs will also be developed and will be headquartered in South Africa. Tari Labs will function “on a Lightning Network implementation that is compatible with Bitcoin (BTC) and Monero (XMR), allowing XMR to benefit from privacy outside the aggregated chain provided by the Lightning Network”.

Tari project has been designed as a Monero (XMR) extra blockchain, therefore, Merged Mining could be applied which, according to the developers, will help the project be extra scalable since it won’t utilize an integrated consensus system.

Tari coin can be earned by mining XMR

Once it’s generated, Tari coin can be obtained through mining Monero (XMR). This system, applied for Monero (XMR) and Tari coin, would apply a hash generated in Monero mining to solve out a block in the Tari blockchain.

Tari Labs and the Tari Organization, of which Spagni is a member, are intended to work together for the administration and development of the project. For this reason, Riccardo Spagni will resign as CEO of MyMonero, leaving Paul Shapiro in charge.

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Crypto

Litecoin (LTC) And Bitcoin (BTC) Adopted As Cryptocurrency Payment Methods By iPayments Platform

On May 23rd, the provider of payment and transaction solutions, iPayment lnc. reported it is partnering with Aliant Payment Systems, a market-leading provider of cryptocurrency transaction processing and digital payment adoption. As a result of this partnership, Litecoin (LTC) and Bitcoin (BTC) will be supported as payments methods for enterprises and their distribution network partners via iPayment.

iPayment will give its clients the chance to receive payments in cryptocurrencies including Litecoin and Bitcoin across both digital and present card platforms with the support of Aliant Payment’s Crypto Processing Gateway.

“The payment environment is constantly changing, iPayment is looking for partnerships and collaborations with other companies that do not anticipate these changes but provide innovative solutions to address these changes, which is exactly what Aliant has devised. We look forward to developing this collaboration and introducing cryptocurrency payments to our channel partners and contributing to the overall product offering.”

Denise Tahali, the Senior VP at iPayments

iPayment adopts Litecoin (LTC) and Bitcoin (BTC) cryptocurrency payment thanks to its partnership with Aliant Payment Systems

iPayment boasts over 20 years of expertise in delivering payment services in the United States of America to over 137,000 micro, small and mid-sized businesses (SMBs). They are principally centered on small business capacity-building, delivering targeted solutions and services which can support members and small and medium-sized businesses in their efforts to flourish and prosper.

Aliant Payment Systems is a commercial and credit card processing service provider with well more than 15 years of expertise in this business. They offer a comprehensive line of credit card equipment, ATMs and payments solutions for all forms of businesses such as construction companies, e-commerce, and mobile sellers.

“Aliant’s main objective becomes one of the first to adopt and facilitate cryptocurrency payments. Working with an established, quality payment provider such as iPayments would enable us to meet that goal.”

Eric Brown, Aliant Payment Systems CEO

In short, iPayments has adopted Litecoin (LTC) and Bitcoin (BTC) as cryptocurrency payment methods thanks to their partnerships with Aliant Payment Systems, a renowned commercial and cred card processing service provider.

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Crypto Markets

Noah Cross-Border Payment Platform Based On Its Own Noah Coin (NOAH) Invests In Japanese Stock Market

Noah is a cross-border payment platform that started its operations in 2016 with the goal of developing an easy-to-use system for managing payments, mobile payments, discounts and business services using blockchain technology and cryptocurrency. By implementing this technology, the business is able to provide its users with a faster and cheaper method of conducting transactions in comparison with the traditional solutions.

In late April, Noah bought 15% of the shareholdings of Beat Holdings Limited, which was originally known as Xinhua Holdings Limited. The corporation is traded on the Second Section of the Tokyo Stock Exchange and is based in Hong Kong, but operates regionally in Malaysia, Singapore, Indonesia, and Japan.

The Noah Project intends to deepen the deployment of its own new products and technologies and decided to invest more in the Japanese stock market.

Noah cross-border payment platform is backed up by Noah Coin (NOAH)

For its functioning, Noah relies on its own cryptocurrency, the Noah Coin (NOAH). This token will be useful for the execution of various investments linked to residential real estate projects and programs of ecological agriculture, which will use crypto assets to trade and exchange. Furthermore, its clients will be allowed to enjoy the improved ecosystem of Noah, which permits the operation of cryptocurrencies on its platform.

Noah will permit its members to be involved in all the platform’s projects and other unique endeavors, all managed by the Noah Foundation. The program has gathered over $110 million in private fundraising sessions while working to advance its cross-border payment and remittance system through Noah Coin (NOAH).

Besides this, the Noah devs also work on the construction of its proprietary portfolio of cryptocurrencies, specially tailored to be exploited by Noah ecosystem’s members. This is a major component since it will empower consumers to stock, transact, and exchange Noah Coin (NOAH) cryptocurrency.

Noah Coin (NOAH) cryptocurrency is available for purchase at the HitBTC Exchange or via the Changelly crypto exchange platform. At the moment of this article, NOAH is trading at $0.006.

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Crypto

Ripple (XRP) And Bitcoin Cash (BCH) Has Been Adopted By The Revolut Cryptocurrency Trading App

Today, May 24th, the UK-based digital banking platform Revolut introduced Ripple (XRP) and Bitcoin Cash (BCH) to its cryptocurrency trading platform via its App. This facility permits customers to convert their fiat currency into cryptocurrency, to leverage their investments with immediate exchanges between fiat, Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and, from now on, Ripple (XRP) and Bitcoin Cash (BCH).

“We have been asking the Revolut community what cryptocurrencies they would like to see next and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming.”

Vlad Yatsenko, CTO of Revolut

Cryptocurrency is on track to be the primary banking asset of the future with the rising demands of its customers. Approximately 20 percent of the Revolut users have tried the company’s cryptocurrency facility by now. The company trades more than 100,000 Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH), on a daily basis.

Ripple (XRP) and Bitcoin Cash (BCH) have been added by Revolut on its cryptocurrency trading platform

The Revolut App is intended to definitively boost the number of clients with the recent implementation of Ripple (XRP) and Bitcoin Cash (BCH), two of the most appreciated and popular crypto coins of the moment.

The Revolut App, a cryptocurrency trading platform, is intended to definitively boost the number of clients with the recent implementation of Ripple (XRP) and Bitcoin Cash (BCH), two of the most appreciated and popular crypto coins of the moment. So by including more popular cryptocurrencies, businesses from the FinTech sector, such as Revolut, will become more reluctant to embrace the blockchain and tokens/coins linked to cryptocurrencies.

At the moment, Revolut has teamed up with Bitstamp, a Bitcoin (BTC) trading operator based in Luxembourg, in order to execute cryptocurrency transactions at a fee of only 1.5% out of the total amount of the transactions to be conducted.

At the moment of this article, Ripple (XRP) is traded at $0.62, increasing by 3.42%, while Bitcoin Cash (BCH) is traded at $1,029, recording a slight increase of 1.69%.

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Crypto News

Floating Island Project Build On A Self-Governed Community With Its Own “Varyon” Cryptocurrency

A cryptocurrency or crypto coin is a digital medium of exchange. The first cryptocurrency that began to operate was Bitcoin (BTC), in 2009, and since then many others with different characteristics and protocols have appeared such as Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and so on. Now, the French Polynesian government support the Floating Island Project which plans on implementing a community with its own government and “Varyon” cryptocurrency in Tahiti.

In the traditional crypto-verse, the security, integrity, and balance of the financial statements are guaranteed through a network of agents, miners, who verify (distrust) each other.

These agents are mostly the general public and actively protect the network (the blockchain) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is randomly distributed.

Floating Island Project – The first self-governing community with its own “Varyon” cryptocurrency

This is the Floating Island Project is a programme supported by the French Polynesian government and it consists of building 300 homes in the Tahiti region, on an island in the middle of the Pacific that would be regulated by its own government and cryptocurrency called “Varyon”, according to some sources.

Tahiti would have a government of its own but it would function as a mere service provider allowing the Floating Island Project community to be self-governing.

The project is funded by donations collected by the Seasteading Institute and Blue Frontiers, which sell tokens of the Varyon cryptocurrency via an ICO. The goal is to complete the island by 2022, a project that will cost about $50 million.

This is the first project of its type but those involved in it are very confident that in the future there will be hundreds of new self-governing countries floating in the Pacific running with the Varyon cryptocurrency, making it the ideal home for entrepreneurs.

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