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Bank for cryptocurrency exchange account that allow crypto transactions.

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Here are some of the world famous Bank for cryptocurrency Exchange, which has collaborated with the crypto environment for seamless functionalities.

Understanding each Bank for cryptocurrency exchange globally.

Introduction

The government, as well as Centralised Financial Institutions, are on a high alert since the creation and implementation of Bitcoin in 2009, as they have completely disrupted the traditional Fiat economy which is the lifeline of the Centralised banks and governments. The cryptocurrencies have absolutely transformed the way the current generation transact money from one part of the world to another. The underlying Technology has intensely, incentivized the system by incorporating security and trust in the system automatically. Also one of the key cost-cutting paradigms was the elimination of the third party intermediary for the transfer of funds. Hence bank for cryptocurrency exchange wasn’t supported.

 

Why is a Bank for cryptocurrency exchange praised?

Due to the decentralized nature of cryptocurrencies, the citizens from all over the world have shown a keen interest in them and hence the centralized Financial Institutions are on persistent efforts to control it. Nevertheless, there are certain governments which are optimistic about the technology and have incorporated them by legally allowing the banks in the country to integrate with the cryptocurrency exchanges or the Crypto economy, so as to facilitate the ease of transfer of money between them. This would indirectly assist in the development of cryptocurrency, as well as the Blockchain Technology.

Below are some of the world famous Bank for cryptocurrency Exchange, which has collaborated with the crypto environment for seamless functionalities.

1. Fidor Bank

The Fidor Bank for cryptocurrency Exchange was Founded in 2003, the German-based bank has initiated a collaboration with the cryptocurrency exchange, Kraken, in order to integrate the fund transfer mechanism between them. The bank aims to deliver a world-class digital banking service to its customers.  It is one of the pioneers to adopt the Blockchain Technology and is also incorporating the Ethereum protocol to redefine its working methodology.

 

2. Toronto Dominion Bank

Headquartered in Toronto, the bank is striving hard for the Blockchain collaboration with it, as it completely has deciphered its actual use case. The bank for cryptocurrency exchange allows for all the credit card transactions but there is a condition that all the transactions must be undertaken through Mastercard, Visa, Visa debit, or Interac. Nevertheless, the bank is also working on attributes to improve even this.  

 

3. Simple bank

The United States-based Bank allows for all the cryptocurrency transactions through integration with most of the cryptocurrency exchanges. It is noteworthy to mention, that the bank even allows for the direct buying or selling of Bitcoin. All such attributes were able to be incorporated, as it is a subsidiary of the multinational Spanish banking group, BBVA (Banco Bilbao Vizcaya Argentaria).

 

4. Worldcore

The financial institution from the Czech Republic offers for the cryptocurrency integration by each and every individual who owns a multi-currency account in the bank. They can be made accessible through the debit cards or virtual cards. It provides an amazing integration with the cryptocurrencies. One of the best evidence is its PayAnyCard which can be filled with any number of Altcoins, which can then be used to spend them at various outlets.

 

5. Bankera

The United Kingdom-based Bank is nothing but a functional arm of SpectroCoin. The fully functional Bank offers each and every service of the traditional Bank along with added service due to its cryptocurrency collaboration. It even sanctions loans to its customers by considering Altcoins as a form of collateral.

 

6. USAA

The United States-based bank has a deep connection with the cryptocurrency exchange, Coinbase, as it allows its users to check their Bitcoin balances on Coinbase, through their mobile banking app. It is also considered as one of the earliest banks to have been invested in cryptocurrency exchanges.   

 

7. Goldman Sachs

Goldman Sachs is the most famous and the next bank for cryptocurrency exchange, which would be providing a trading platform in order to initiate Altcoin trading soon this year (2018).

 

Bank without collaboration with cryptocurrencies

While each one of the above-mentioned bank for cryptocurrency exchange is highly deterministic towards the development of the crypto community, there are other banks too which are suppressed to have any kind of relationship with the cryptocurrencies. Bank of America, Lloyds Bank, JP Morgan Chase, Bank of Scotland, Citigroup, Halifax UK, Wells Fargo, Commonwealth Bank of Australia, etc comes user this spectrum. However, the days are not far when even they would get converted into a bank for cryptocurrency exchange once they realize it’s stature.

#Blockchain

Can France become the Blockchain Nation?

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French MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals.

French MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals all aimed at trying to make France the number 1 Blockchain Nation specifically citing that they do not want to miss the train on this like they did the internet.

MPs in France are proposing to have a 500 million euro investment fund in order to stimulate the blockchain industry in France. They are focusing on trying to get public institutions to get into blockchain. The proposals include the Central Bank of France issuing their own cryptocurrency and providing subsidies for cryptocurrency miners.

Recently we did have legislation coming out of France that they want to make it much easier to have ICOs in France. They are aiming to attract teams from all over the world o come to France and have their ICOs.

 

Writers thoughts:

The central bank of different nations are planning to issue their own crypto assets but it recreates the problem that we are trying to solve with cryptocurrencies.

Giving subsidies to cryptocurrency miners is not actually good for the crypto community as the mining industry should remain competitive. The government of different nations should not be giving them preferential energy rates especially in France where it is mostly a nuclear-powered nation.

Setting up a legal framework for ICOs is exactly what is needed in terms of regulation.

Along with all of this, there is also a formal taxation policy which is coming up in France and all of this coming together is quite awesome. This is regulatory clarity and this is what a lot of companies and institutions are desperately asking for. This is the main reason why more and more companies are moving to nations such as Malta, Japan, and Switzerland as they have regulatory certainty. France which is one of the world’s biggest economies is hopping on board with the new proposals, the recent announcements about ICOs, taxation, tobacco shops to sell bitcoin from next year and recently setting up something called the ‘Mediterranean Seven’ which includes Spain, Portugal, Cyprus, Italy and Greece led by France with the mission to improve education in usage of blockchain technology in industries such as healthcare, transport, land, company registry, shipping and much more.

 

What are your thoughts on the above? Tell us in the comments section below.

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#Blockchain

Blockchain and Oil Industry: IBM partners with ABNOC

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IBM is teaming up with the Abu Dhabi National Oil Company to create a blockchain supply chain system. The blockchain solution is currently in pilot phase.

IBM is teaming up with the Abu Dhabi National Oil Company or ABNOC to create a blockchain supply chain system. The blockchain solution is currently only in its pilot phase but this is no small announcement for ADNOC as ADNOC has a daily output of about 3 million barrels of oil in 10.5 billion cubic feet of natural gas. ADNOC’s digital unit manager had the following to say about the blockchain pilot:

“Blockchain is a game changer. It will substantially reduce our operating costs by eliminating time-consuming and labor-intensive processes. It will strengthen the marketing and trading of our products and create long-term sustainable value.”

 

Blockchain for Oil

The blockchain solution will also enable the ability to track every molecule of oil and its value from well to the customer. Also reducing the time to execute transactions between ADNOC’s operating companies and increase operational efficiencies and provide even greater transparency to the industry. The blockchain solution will surely increase the revenue for ADNOC and it may increase the efficiency of delivery and hopefully reduce waste.

The oil industry is currently attempting to extract a little bit more wealth before the renewable revolution takes place. But even though we have a boom in renewables, the infrastructure is lacking in many places globally and oil is here to stay with us at least for some time in the coming future. This is the first oil blockchain solution which will surely attract more oil blockchain solutions in the coming future.

 

The third industrial revolution will surely be not an oil-based revolution. The renewable revolution will basically be unstoppable. What do you think about the future of blockchain and oil industry? Tell us in the comments section below.

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#Bitcoin

CoinMarketCap is now on Telegram and very community-driven

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CoinMarketCap, a platform that has been serving the cryptocurrency community since 2013, now has an official Telegram group to educate the community

CoinMarketCap, a platform that has been serving the cryptocurrency community since 2013, now has an official Telegram group to educate the community about latest happenings in the world of cryptocurrency & blockchain with market updates, relevant news, and educational content.

 

CoinMarketCap

CoinMarketCap is the most used websites amongst the crypto enthusiasts, having a great user experience. The platform provides a comprehensive breakdown of the current price of more than 2000 cryptocurrencies in the market. The price is calculated by averaging the prices of top cryptocurrency exchanges weighted by volume. CoinMarketCap offers essential data such as historical price charts, coin information, ranking, the market capitalization of each cryptocurrency, circulating supply along with the 24-hour volume for the millions of cryptocurrency enthusiasts.

 

CoinMarketCap for Traders

CoinMarketCap is also an excellent tool for traders for viewing the hourly, 24 hours or 7-day percentage change of a particular coin. The information on the platform is updated in real time. CoinMarketCap fetches real-time data from top cryptocurrency exchanges and ranks the top 100 exchanges for traders to choose from and decide which one is the best suitable for them. In summary, CoinMarketCap can be called a solution for all cryptocurrency related data that anyone needs for investing, trading or understanding cryptocurrencies. CoinMarketCap now offers a pro API plan which provides more robust data endpoints for subscribers.

 

CoinMarketCap Community Group

CoinMarketCap has recently announced the launch of their official Telegram group which aims at connecting the entire crypto community with market updates, relevant news, and educational content. It’s also a great space to bond, share and learn about crypto related topics with the peers in the community.

 

How do you join the group?

To join, simply download Telegram Messenger onto your mobile phone or desktop.

Telegram Messenger also works on the web: https://web.telegram.org. Once you have successfully registered on Telegram, you can search “CoinMarketCap Community” in the search bar. Users can also click on the following link to join the group instantly: https://t.me/CoinMarketCap

 

CoinMarketCap Chat Bot

CoinMarketCap also has an interactive chatbot: @CoinMarketCapBot which will allow you to have an interactive experience through choosing your own adventure on market updates, latest cryptocurrency news, and educational content.

This is a great new way of receiving quick updates in the crypto market. The whole thing only takes a few minutes and the interaction with its sassy bot is not only informative but also quite entertaining!

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