Archives July 2020

Tokenbox Launches Platform For Digital Asset Portfolios

Are you looking for a smart and safe way to execute your digital assets? If yes, it’s time to look at the new platform launched by Tokenbox.

Before we look into the new platform, let’s get a bit of detail about Tokenbox.

What is Tokenbox?

Tokenbox is regarded as one of the most convenient platforms that provide the best services in terms of digital assets trading. Thus, if you are thinking about trading in digital assets like cryptocurrencies, the token box can be one of the best trading platforms to look for. The platform comes with amazing features like easy management of assets, choosing the most efficient portfolio, and also helping hand of professional managers for the management of your digital assets.

With the help of Tokenbox, you can easily manage all your digital assets; our portfolio managers will just work like a helping hand. All processes for digital assets management assets are fully automated.

The platform also offers you the option to deposit an amount from your bank account or to make payment by using cryptocurrencies. Thus, if you are thinking about investing in cryptocurrencies, try using Tokenbox for maximum benefits.

What’s the news?

Tokenbox has come up with a new platform and portfolio that can help investors to manage digital assets in a more convenient and simpler way. The newly launched platform will also enable you to get more transparent and profitable strategies.

Thus, managing digital assets is pretty easy now. With the launch of a new platform by Tokenbox, the exchange and trading of cryptocurrencies have become simpler and easier for investors as well as for traders.

The traders can easily set the entry and exit fee on trading, and thus, they can get better ROI now. In addition to this, traders and investors can plan different strategies to trust the traders with their funds. Thus, the new platform offers a hassle-free way of trading in cryptocurrencies.

Is this beneficial?

The launch of the new platform by Tokenbox has been applauded by different people engaged in the cryptocurrency world. As per different comments, the new platform will make trading and investment in cryptocurrencies a simple process. Now, even a common man will think about investing in cryptocurrencies without worrying about the safety of their investment.

Tokenbox is creating a better environment, especially for budding investors and traders in the field of cryptocurrency. Investors trust exchanges and processes that are secure and transparent in the services. With the inauguration of the new platform, investor’s trust and security are ensured. Thus, it can be called an important step towards simplifying and boosting the investment in cryptocurrencies.

The safety of customers, investors, and traders have always been a priority for Tokenbox, and with the launch of the new platform, it is stressing more on the theme of safety and security of investment.

If you haven’t invented yet in cryptocurrencies, invest now. The newly launched platform will take care of your needs. Get in touch with us to know more about the recently launched platform.

App Connects Bitcoin and Lightning Payments Directly to Your Bank Account

Jack Mallers, the developer of the popular Zap Lightning Wallet, has announced a brand new app for iOS, Android, and Chrome. The new app is available on different platforms from July 2, using which users can send and receive Bitcoin and Lightning Network payments directly to and from their bank account. Linking Bitcoin to traditional bank accounts using the Lightning Network will allow faster and more secure transactions. It will also cut down on many technical hurdles that prevent normal users from adopting cryptocurrencies, including BTC. Strike, which is already in its public beta phase, allows users to deal with Bitcoin and Lightning protocol without the need for any white papers, channels, seed, wallet, or liquidity. Even the KYC is kept to a minimum to allow users to use their services quickly and without any difficulty.

Mallers created the Zap Lightning Wallet back in 2018 to make Bitcoin accessible to everyone. It was the first of the few user-friendly desktop wallets with the feature of Lightning Network accessible. Last autumn, he also announced that he was working on a platform that would allow users to buy Bitcoin using debit cards using the Lighting Network. The Strike wallet currently allows debit card purchases, but its usage is limited to personal payments, remittances, micropayments, and online/offline purchases. Users with a Strike wallet also get a free social media profile using which they can accept payments from anyone around the world using their unique QR code. The payments made through this platform are converted into fiat.

Mallers aim to meet all the necessary KYC and anti-money laundering rules but still making it easier for the users to carry out transactions. It did not want new users to be treated as criminals as soon as they download Strike on their phones. He met with prominent lawyers and regulators to work out on how much KYC were needed for safety reasons. With the average payment value being $27 in its private beta, he believes that there was no requirement for mass collection of user data. People using the app will only need to provide their name and their phone numbers to start using it. However, the new app will only be available in a few states as of now.

The Strike app is just a beginning for Mallers. He is also working on a Strike Visa debit card that would carry rewards programs through its partners and also referrals for family and friends. It is also working towards a new contactless payment technology for Strike along with an all-new e-commerce system for its partners and their customers. Once the news of the new app was announced on Twitter, the Blockstream CSO Samson Mow was quick to point out that the Mallers team is going to win over the next Billion Bitcoin users with its latest development. There will be no need for low tech users to understand how the complexities of BTC work. They can carry out transactions easily without the need of anyone’s help. 

China Gets Its First Blockchain-Based Public Resource Bidding Platform

Distributed ledger or Blockchain technology is getting a lot of popularity in many sectors. Academic sectors, technology firms, financial institutions, supply firms, and other industries are starting to use blockchain as an innovative approach.

When applied to a business or an organization, Blockchain brings a lot of security and other benefits to it. It offers a hack-proof and transparent system to run a business. Just the way cloud technology changed everything, Blockchain is the innovation that can change traditional systems.

Every country can build a transparent system where every transaction is tracked through this technology. In short, every citizen in the country is backed by a single financial system. A ledger that is decentralized, distributed, transparent, immutable and consensus-driven.

Many countries are winning the blockchain marathon. For example, Australia, Japan, UAE, Malta, Switzerland, USA, UK, Singapore, Estonia, and China. Some of these countries have broken all the records in registering the patent in the field of cryptocurrencies.

China has just finished testing its blockchain network. It is a secure and transparent platform that is being handled by a company named Tencent. China is picking up speed in launching its own blockchain bidding platform.

It is on full swing in the province of Yunnan. The development and testing of the software have been completed. The country will have its first public bidding platform build on blockchain technology.

A public resource bidding platform can be used by public and government companies to perform the blockchain-based project. ‘Kunming’, the company that has launched this platform for public resources on 23 June.

The COVID-19 effects can also be seen in the country where it first originated. To reduce the impacts of the pandemic, the country is setting up new infrastructure. This infrastructure also includes blockchain. China is willing to improve its technology to expedite the growth of the country.

This new infrastructure has plans to invest in the big data, 5G, rail transportation, AI, internet of things, ultra-high voltage, energy charging stations, satellite internet, and blockchain technology.

The blockchain investment in the first half of 2019 was around 4 billion Chinese Yuan. In the year 2020, the blockchain advancement investment could reach 10 billion Yuan. This investment can lead to building the backbone of blockchain technology in the country.

The new bidding platform uses the blockchain service of Tencent, a well-known tech company in China. This technology will solve the public resource bidding system problems. The bidding process, in turn, will become fast and secure. The data sharing policy will also improve in the country.

Although the platform has just launched in the country, nearly 60,000 certificates are already issued. The number of participants is expected to be 30,000 on Kunming’s public resource.

Blockchain technology has emerged from Tencent’s TBaaS system. The government and other tech giants are supporting in this endeavor of the country. National and state government have been increasingly investing in the growth of the country.

China is already doing great in other business sectors and blockchain has become its new hub. There are numerous blockchain patents registered under the name of the country. Chinese tech firm Tencent has filed many blockchain patents recently.

The new patents are being used in the fund management and advertising space. Other applications where these new blockchain solutions will be used are media storage systems, hardware devices, and other consumer applications.

In short, Tencent is dominating in the field of blockchain technology. It has filed 718 patents in 2019 alone. The Chinese tech giant has planned to invest more than $70 billion in the technology sector. With blockchain being the most advanced of all.

The current situation of the pandemic has caused a competition among the tech leaders in the country. A continuous flow of cryptocurrencies has hit the ground already. China also needed a payment infrastructure for these digital currencies.

Kunming will make it easy to manage these transactions and it will also lead to a cooperative space for tech companies.