Coinbase competitor Ethos paving their road to fiat gateway with a new partnership!

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Yesterday, September 27, Ethos.io and Voyager Digital Holdings formed a strategic partnership to bring fiat-to-crypto and vice versa trading to Ethos universal wallet users and to enhance wallet solutions and self-custody on Voyager’s retail and institutional platforms. 

On Voyagers’ side, this partnership would improve their wallet functionalities and self-custody optimization while on the Ethos side of the partnership this formation would improve the current Ethos wallet user experience by allowing seamless converting, storing and trading their digital assets, all on one platform, thus being one of the first platforms to do so. With the help of Voyager, Ethos universal wallet users will be able to covert fiat to the Ethos token and vice versa.

Voyager on the other side, will integrate Ethos Bedrock for self-custody on their platform along with the Ethos Universal Wallet in their offerings. All this is done to enhance the Voyagers’ plans to launch their own mobile trading app in Q4.

“With this transformative partnership in place, we believe we are offering the first end-to-end, fully integrated solution in the crypto asset space,” commented the CEO of Voyager, Stephen Ehrlich.

And Shingo Lavine, the CEO of Ethos said that “Voyager gives our users the power of fast, commission free trading, using their smart order router and liquidity network. For Ethos Universal Wallet users, this means that a low-fee fiat gateway will be a future enhancement, first for our U.S. clients and then rolled out globally,” adding that “this partnership creates a true bridge between traditional and institutional finance within the crypto-asset market to create a dynamic and borderless financial ecosystem.”

The way how I see it.

Referring to a recent announcement by Coinbase, on their willingness to implement as many as possible assets to their platform, I believe that this was a strategic move done in the result of this already mentioned partnership. I think that when Coinbase found out about this partnering, they immediately understood that Ethos could become a major competitor. So they went out on CNBC Fast Money to announce their new “idea”, which Ethos has been promoting since the day they rebranded. Since Coinbase most definitely has more users than Ethos, Coinbase would grab the market with ease, while Ethos still has to gain trust in the hearts of its users since their app is currently pretty useless. All this also applies to the new Coinbase updates on educating their users with Informational Asset Pages and Coinbase Learn. Since Ethos is offering their users a similar service, all this is sort of coming together. Ethos is a serious competitor to Coinbase, and Coinbase just acknowledged it by their premature announcement, which a lot of users have been waiting since the beginning of this year.

Hopefully, these two platforms could co-exist in the future, and the fiat-to-crypto gateway goes as smoothly as planned.

Source:

https://goo.gl/gaHjEP

NEO partners with CertiK

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NEO announced a partnership with Certik, a formal verification platform for smart contracts and blockchain ecosystems. This partnership will enhance the security of the NEO platform. CertiK will provide a tailored solution to verify NEO’s digital assets and digital identity as a whole. 

“NEO is a high-speed autonomous public chain. With more developers building layers on top of it, this added security layer will expedite the prosperity of the ecosystem. I believe NEO and CertiK’s partnership is on track to changing the course of history”, said Zhao Chen, the manager of NEO Global Development.

Source:

https://goo.gl/vWbF3C

Litecoin and TokenPay announced a strategic partnership

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Recently, TokenPay had announced its partnership with WEG Bank in Germany. TokenPay acquired 9.9% of the bank along with options to purchase approximately 90% overall of the bank pending the customary regulatory approval. In July 10, these 9.9% were transacted further to the benefit of Litecoin Foundation. This was done in exchange for a broad and comprehensive marketing and technology service agreement to benefit TokenPay and its related cryptocurrency and business operations. As a result of this partnership, TokenPay and Litecoin combine as a leading force in creating and delivering to the market modern consumer-driven crypto FinTech solutions.

Specifically, TokenPay will directly benefit from Litecoin’s high-level blockchain mechanization capabilities.

After these 9.9% got transacted to Litecoin Foundation, TokenPay obtained another 9.9% of WEG Bank. Under German banking law no entity can own more than 9.9% of a bank without regulatory approval. TokenPay has plans of acquiring the remaining shares the bank.

“This partnership is a huge win-win for both Litecoin and TokenPay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’m also excited about Litecoin’s support in TokenPay’s eFin decentralized exchange”, said the Managing Director of Litecoin Foundation Charlie Lee.

He also said that thanks to this partnership, they plan to work on many exciting consumer-driven crypto solutions.

Under Charlie Lee’s twitter thread a discussion has evolved about TokenPay having an ongoing close partnership with Verge. Daniel Goldman (@Dzack23) pointed out the fact that TokenPay and Verge is constantly hyping about each other. Since Verge had a 51% attack, and the transactions were compromised, it is believed that it is a “messy” crypto-project. And now Verge is hyping about Litecoin Foundation’s involvement which raised suspicion.

Source:

https://www.tokenpay.com/litecoin