Tag: FinTech & Blockchain

Verofax Winner of Bahrain Islamic Bank’s ‘BisB Innovation Challenge’

BAHRAIN, Jan 25, 2021 – (ACN Newswire) – Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the 'BisB Innovation Challenge', a Fintech Competition run as part of the Bank's partnership with 'FinHub 973: CBB (Central Bank of Bahrain) Digital Lab', the Kingdom's open application programming interface (API) innovation platform. Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers' financial data.

Verofax, founded by Wassim Merheby, and technology partner Turnkey Lender proposed a unique approach in emerging as the Fintech with potential to build the most promising Proof of Concept (PoC) for the sought solution. Verofax offered a PoC for a credit scoring solution, incorporating alternative and unstructured datasets, to improve the Banks speed and breadth of its financial services to existing and new clients.

The credit scoring solution will constitute a platform that uses adaptive machine learning and sophisticated AI (Artificial Intelligence) to empower the Bank's financial advisory unit with advanced data insights to enable them to provide a more personalized banking experience for their clients, especially in the wake of a pandemic that is evolving the banking landscape.

14 challengers from around the globe participated in the BisB Innovation Challenge, which was powered as the FinHub 973: CBB Digital Lab by Fintech Galaxy. The appointed judging panel comprised of Osama Nasr, Chief Information Officer of BisB; Wesam Baqer, Chief Corporate & Institutional Banking of BisB; and Yasmeen Al Sharaf, Head of Fintech and Innovation Unit at the Central Bank of Bahrain (CBB).

Panel judge Wesam Baqer, Chief Corporate & Institutional Banking of BisB reiterated support for Verofax as the winner, stating, "We are confident that the Credit Scoring solution will bring a level of innovation to the banking industry that is both convenient and safe. The sought solution will ultimately simplify money matters for our customers' securely, and it will streamline internal operations while providing them with data-backed intelligence, allowing us to deliver an exceptional level of service, which was ultimately the determining criteria in our selection of the winning participant, Verofax."

Chief Executive Officer of BisB, Hassan Jarrar, said, "The BisB Innovation Challenge and tech-focused Fintech Competitions of this nature are imperative for innovation, especially considering the upcoming challenges facing the financial industry, both in the wake of COVID-19 and in order to effectively bridge the existent gap we have in the market when it comes to innovative Fintech solutions. We want to create better synergies between FinTechs and Banks, and harness the power of technology and AI to solve real issues, and encourage cross-industry collaboration, in order to offer a transformed customer experience."

Wassim Merheby, CEO of Verofax Limited, added, "AI-based credit scoring solutions are innovative services that draw intelligence from non-linear relationships across a plethora of unstructured and alternative datasets. The service powers banks with unmatched visibility and speed while helping reduce the probability of default and increase financial inclusion. We partnered with Turnkey Lender to provide BisB with exclusive solutions to secure its financial services with simplicity."

Dmitry Voronenko, CEO and co-founder of TurnKey Lender congratulated Verofax, "We're extremely excited about helping larger audiences in the Middle East extend fully digital affordable credit to their clients locally and worldwide. We are happy and delighted to be selected by our partner Verofax. We look forward to continued and extended collaboration on new lending automation, credit scoring, and decisioning projects."

For details, please visit BisB at www.bisb.com or email callcentre@bisb.com.
For technical matters, visit Verofax at www.verofax.com or contact info@verofax.com

About BisB

Bahrain Islamic Bank (BisB) was established in 1979, the first Islamic commercial bank in the Kingdom of Bahrain. The Bank has maintained its leading position in the Islamic banking sector through adopting innovative Islamic investment and financing products, supported by superior retail and corporate banking services. The Bank is listed on the Bahrain Stock Exchange and operates under the supervision of the Central Bank of Bahrain (CBB). Please visit www.bisb.com.

About Verofax

Verofax Limited is an automation, optimization and validation solutions provider for enterprises and financial institutions with a presence in Asia, the Middle East and Africa. The Verofax platform allows enterprises to share operational datasets with Banks to boost their credit scoring. Please visit www.verofax.com.

About TurnKey Lender

TurnKey Lender is an Award-winning AI-based Loan Origination and Management Software firm for Banks and Non-bank Lenders with offices and operations across 50 countries. Turnkey lender's Unified Lending Management platform delivers innovative and automated credit scoring solutions to minimize risk, increase efficiency and make lending easier for banks. See www.turnkey-lender.com.

About FinHub973

FinHub 973: CBB (Central Bank of Bahrain) Digital Lab, is the region's first cross-border, digital innovation platform that connects and facilitates collaboration between financial institutions and Fintechs. Powered by Fintech Galaxy, FinHub 973 enables Fintechs to connect seamlessly with Bahrain's financial institutions and to explore, test and prototype on a centralised digital sandbox. Visit www.finhub973.com and www.fintech-galaxy.com.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SGX-listed OIO Holdings names Rudy Lim as CEO of its Blockchain Subsidiary

SINGAPORE, Jan 25, 2021 – (ACN Newswire) – OIO Holdings Limited (SGX: OIO) announced the appointment of Rudy Lim, former Head of FinTech at DBS Bank, as Chief Executive Officer (CEO) of its Blockchain Division, OIO Singapore Pte Ltd. The appointment of Rudy, a FinTech expert, is expected to further accelerate OIO's blockchain business.

Rudy has been a vocal advocate of the challenges traditional banks are facing and the need for significant transformation as the digital economy emerges. Driven by this foresight, he led Fintech innovation projects across various departments at DBS such as analytics, market research, and partnerships, which aligned with establishing a leading bank in Southeast Asia, and he played an active role within the Fintech ecosystem.

As the Head of FinTech at DBS, Rudy launched "Startup Xchange" to facilitate startups in co-creating solutions to DBS business challenges, enabling them to match and value-add the bank and also its potential corporate clients. Since its pilot in 2018, Startup Xchange has successfully conducted over 40 proofs-of-concept with startups across the bank and successfully rolled-out more than 20 emerging technology solutions.

Prior to his career at DBS, Rudy was a part of the venture investment and business innovation team at Singapore Press Holdings (SPH), where he was involved in supporting startups from conceptualization to funding their business models.

Rudy emphasizes his reasons for joining OIO as follows:

– Singapore has the best business environment for blockchain business, with a group of Singaporean government agencies launching a new research program for blockchain technology in the second half of 2020 with a funding of S$12 million.
– 2021 is a year of great progress in blockchain technology and that the growth of the blockchain and crypto-asset market will begin from here.
– As one of the first listed blockchain companies in Singapore, OIO is in a position to take full advantage of the market environment.
– OIO has officially announced that it has entered into negotiations to acquire Moonstake, one of the largest staking providers in Asia.

Proposed Acquisition of the Entire Share Capital in Moonstake Pte. Ltd. & Moonstake Limited

Moonstake's crypto asset transaction value exceeds USD200M as of January 19, 2021, making it the 16th largest staking pool out of 1692 providers according to Staking Rewards, a staking ranking site.

With the addition of Rudy to the team, OIO is looking to expand its business into the investment and incubation area and will actively acquire leading blockchain businesses such as Moonstake.

CEO Rudy's comments:

"I am very honored to be appointed as CEO of OIO Singapore Pte Ltd, a great company with talented people and great potential. Based on this strong foundation, we would like to continue to facilitate product performance and innovation, while we aim to be a trusted partner to our customers in today's rapidly changing environment.

"In order to do so, OIO must continue to innovate and lead our customers on their transformation journey. Blockchain and innovation are the two major driving forces for our customers' transformation, and we need to focus on them across the whole company. My goal is to ensure that we fully commit ourselves to our customers, employees and stakeholders through strong values, leading innovation and passion."

OIO Holdings – https://www.oio.sg
Facebook – https://www.facebook.com/oioholdings/
LinkedIn – https://www.linkedin.com/company/66361073/
Twitter – https://twitter.com/holdingsoio

OIO Holdings Limited is a Singapore Exchange-listed company with its primary business in the provision of M&E engineering services, blockchain-related agency, and consulting solution services. Over the years, OIO has developed a wide range of expertise as a provider of M&E engineering services and solutions, as well as a strong network with clients, working on high-end resorts and high-profile projects in Singapore and surrounds.

OIO has also expanded into the blockchain areas, such as sales agency business, software development agency business, and blockchain-related consultancy business. OIO's blockchain business is conducted by its 100% subsidiary, OIO Singapore Pte Ltd. OIO's vision is to be the best service partner providing innovative technology solutions to drive the growth of companies in Asia.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rocket Vault Finance Partners with Blockpass before Tokensale

HONG KONG, Jan 21, 2021 – (ACN Newswire) – The latest in a series of partnerships to be announced, Blockpass is proud to reveal its collaboration with Rocket Vault Finance. Rocket Vaut is integrating Blockpass' unique KYC Connect solution to enable fast, simple and efficient KYC for users, not only to onboard new customers, but also to verify those wishing to be involved with their upcoming token sale. Starting in February, the Rocket Vault token sale promises to be both exciting and compliant thanks to this new partnership.



Rocket Vault Finance is a Smart Vault powered by advanced Artificial Intelligence predictive analytics and Machine Learning, adopting a data-driven approach to come up with vault strategies to minimize losses and maximize gains to provide the best APY in stable coins. Users deposit funds with Rocket Vault and the platform automatically invests it in the best pools, avoiding risky pools and achieving over 100% APY on average to date. Rocket Vault has two user plans in public beta – a 'free for retail' option and a 'paid for institutions' option.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.

"It's always great to find others who value compliance as highly as we do," said Adam Vaziri, CEO of Blockpass. "The team at Rocket Valut have demonstrated their commitment to the highest standards of regulatory compliance and through this partnership we're excited to enable it. We're all looking forward to facilitating their successful tokensale next month and working with the team at Rocket Vault to onboard new customers for many years to come."

"We are excited to work with blockpass for our customer KYC & AML checks," said Founder and CEO of RVF, Kiran Mannam. "Blockpass addresses a very critical part of the customer onboarding process with ease. The APIs are user-friendly and save a lot of time and effort in automating the whole process."

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and companies it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. Blockpass has seen rapidly increasing numbers of users in the past year as its identity verification solution is used for ICOs, STOs and IEOs, including supporting successful fundraisers in the past few months. The recent integration with Matic is already leading to conversations with other companies and businesses around the topic of KYC provision.

With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.

About Blockpass

Blockpass is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network, a decentralized oracle solution, in early January, Blockpass introduced the first on-chain KYC solution that will service many blockchains in the years to come.

For more information and updates:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Rocket Vault Finance

Rocket Vault Finance in a nutshell is the "Intelligent Fund Manager" backed by AI & ML for Crypto Value Investing. Just deposit in the SmartVault, sit back & watch your funds grow! Why lose sleep over crypto investing? RocketVault works hard 24x7x365 days to maximise your gains while you are having a quality time with your family.

Rocket Vault Finance closed token preSale successfully in early January 2021 and the private and public sale are scheduled for February 2021. To participate in the upcoming token sale, please find below the project links:

Telegram channel: https://t.me/rVault
Telegram announcement channel: https://t.me/rVaultAnn
Twitter: https://twitter.com/RVF_SmartVault
Website: https://www.rocketvaults.io
Private beta: https://www.rocketvaults.io/app
Product Demo with LIVE orders: https://t.me/RVF_SmartVault_Bot
Email: contact@rocketvaults.io


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Singapore online brokerage Tiger Brokers sees strong retail investor growth in Q4 2020 with 108% increase in new user sign ups

SINGAPORE, Jan 20, 2021 – (ACN Newswire) – Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers https://www.tigerbrokers.com.sg/) today announced that they saw 108 per cent growth in the number of new investors in Q4 2020 as compared to Q3 2020, with trading volume increased by 215 per cent also on a quarter on quarter basis. Since February 2020, Tiger Brokers also saw the increase in Gen Z investors on the platform, which made up 30 per cent of Singapore's customer base.

Tiger Brokers also announced four new strategic partnerships with financial technology provider, Iress, one of the largest and most active online trading communities, TradingView, Global financial market data and infrastructure provider, Refinitiv, and Asia's leading Financial Group, DBS. These partnerships are aimed at strengthening their online platform, by allowing investors to gain access to best-in-class and up-to-date financial information so that they will be well-informed before making their investing decisions in real time, as well as allowing investors instant fund transfer into the Tiger Trade platform respectively.

In addition, Tiger Brokers also announced the launch of their new product, Fund Mall, a one-stop-shop for investing in global mutual funds that allows investors access to more than 100 renowned funds such as money funds, bond funds and equity funds, based on their requirements – returns, cash liquidity and risk appetite – everything within one portal. This expands the type of investment products available to Tiger Trade users, beyond the six global exchanges that are already available on the platform and other product offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC).

Eng Thiam Choon, CEO of Tiger Brokers Singapore, shared, "The COVID-19 pandemic fundamentally changed the trading and investment landscape today. Investors of today are now fully comfortable with investing online – not just Gen Zs, but throughout the investor market. We at Tiger Brokers want to ensure that we offer a seamless investing experience to our investors while strengthening our offerings to keep them engaged. On the other hand, we are looking to be the go-to online brokerage for traditional investors to explore a hybrid investment portfolio."

"2020 showed us the importance of going digital. As the adoption of technology in everyday life becomes a norm, we need to ensure that we offer sustainable and reliable technology that value-adds to the new lifestyle of investors, providing them with great user experiences," added Thiam Choon.

"We are excited to expand our business in Asia by working with Tiger Brokers. Over the past few years we've seen significant growth in markets like Singapore and Hong Kong, so partnering with leading trading firms in the region like Tiger is the logical next step for us," said Pierce Crosby, General Manager of TradingView. "While focused on Singapore today, we think Tiger is a great fit for our various communities in the Asia region as well, and we look forward to further expansion in 2021."

Since last year, Tiger Brokers' investors have shown positive interests in companies such as APPLE, TESLA, NIO, companies from the Technology and Electronic Vehicles (EV) sectors.

The fintech also uses both traditional and digital communications methods to ensure that investors can contact them easily via landline and social media, respectively. In December last year, Tiger Brokers announced that they aim to increase their platform users by 50 per cent by Q1 of 2021.

The Tiger Trade mobile application is available for download on Apple App store and Google Play store. Those interested in Fund Mall can retrieve more details from here. https://www.tigerbrokers.com.sg/market/fund-publicity?_casValidated=true

Apple App store: https://apps.apple.com/sg/app/id1023600494
Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on Australian, U.S., Hong Kong, Singapore and Australia stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX) and the Singapore Stock Exchange (SGX), Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded "2017 Fintech 250" by CB Insights and shortlisted for "China Leading Fintech 50" for two years in a row by KPMG China. The company was listed on NASDAQ under "TIGR" in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1 million customers worldwide currently, with a total trading volume of more than US$62.8 billion in Q3 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rhotex Inc Launches Environmentally-Sound Options to Crypto Mining

TORONTO, Jan 18, 2021 – (ACN Newswire) – Rhotex ( www.rhotex.com ) has officially launched 3 miner cases configured with an in-built factory cooling system to ensure 100% efficiency as the chips generate heat. From Rhotex, this first of its kind innovation designed by seasoned crypto industry experts provides an environmentally responsible solution to today's challenges with the traditional miners by consuming lesser power supply compared to the output performance.



Rhotex currently offers a range of products in their new offer: RHO Lite, RHO Pro, and RHO Rack which comes with incredible features such as low power consumption, high-performance output, Wi-Fi / Ethernet connection, easy setup and productive compatibility with various blockchain options. These combined with its inbuilt cooling system increases expected hash rate conversion hence giving it an edge in the industry. All products in the RHO series were painstakingly analyzed and tried under intense conditions.

Rhotex Inc.'s algorithm solutions integrate world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions and mines Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash at high levels in remarkable time. Hash rate powers in the series include:

RHO Lite: 1000 TH/s – Bitcoin, 5 GH/s – Ethereum
RHO Pro: 1800 TH/s – Bitcoin, 10 GH/s – Ethereum and
RHO Rack: 4100 TH/s – Bitcoin, 20 GH/s – Ethereum.

Roberts Evans, CEO for Rhotex Inc. in a statement says the RHO series is an easy to use miner that optimizes energy efficiency while providing maximum output. "It's our way of contributing our quota to a green environment by creating an eco-friendly design with an in-built cooling system that has very low carbon emission. This is the first of its kind. We are very delighted by the opportunities this innovation offers," he further added.

To access the wide range of products on offer and learn more about Rhotex visit www.rhotex.com.

About Rhotex

Rhotex Inc. is the company behind the RHO Miner series which are eco-friendly high-quality cryptocurrency miners with an in-built cooling system that delivers extremely high hash power with low energy consumption. Their partners include Equinix, Avenga, Etiya, Altiostar, and many more. Headquartered in Toronto Canada, the company currently has facilities in Australia.

Contact Information:
Rhotex Inc.
Torrie Fontan
747-216-1067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blockpass and Matic Announce Integration

HONG KONG, Jan 18, 2021 – (ACN Newswire) – The start of the new year proves to be auspicious for Blockpass and Matic as the two companies reveal Blockpass' integration with Matic – the scaling solution for public blockchains. Providing fast, efficient and effective KYC services for Matic is the latest example of Blockpass' pioneering of on-chain KYC. Signing an MoU before Christmas, the companies are hard at work to provide this new opportunity for the Matic Blockchain as soon as possible.



Matic is a Hybrid Plasma/Proof of Stake side chain which uses an adapted version of the Plasma framework, providing a solution for fast and low-cost transactions. Horizontally scalable, the network currently uses one side chain, with more able to be added when or if they are required. Matic is completely EVM compatible, providing users with the same options they would find or use on the Ethereum Mainnet.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.

"Ever since the beginning of blockchain technology, scalability has been an issue on everyone's radar," said Adam Vaziri, CEO of Blockpass. "Not only does Matic provide a solution through its Plasma framework-based sidechains, but it also does so with fast, low-cost transactions which make it affordable to anyone. Blockpass is uniquely positioned to provide KYC for the speed and scale of their operations thanks to our reusable-KYC model. We look forward to bringing the benefits of blockchain technology and smart contracts to a huge audience at negligible cost."

Sandeep Nailwal, Co-founder and COO of Matic Network said of the partnership, "KYC and AML are highly important tools that will bring further legitimacy to the burgeoning crypto industry. The way Blockpass reduces traditional KYC costs is impressive, and their recent on-chain KYC is definitely groundbreaking."

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and companies it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. Blockpass has seen rapidly increasing numbers of users in the past year as its identity verification solution is used for ICOs, STOs and IEOs, including supporting a number of successful fundraisers in the past few months. This recent integration with Matic is already leading to conversations with other companies and businesses around the topic of KYC provision. Matic is also a member of the Chainlink ecosystem of blockchains, and Chainlink is supporting Blockpass with the infrastructure on Matic.

With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.

About Blockpass

Blockpass is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network – a decentralized oracle solution – in early January, Blockpass introduced the first on-chain KYC solution that will service many blockchains in the years to come.

For more information and updates, please visit the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Matic Network

Matic is a developer-first hybrid POS+Plasma sidechain on top of Ethereum, enabling Ethereum developers to scale their DApps for large scale usage. Matic is rapidly becoming the go-to Layer 2 Solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. There are 70+ Dapps building on Matic, ranging from DeFi Protocols to thrilling games and prediction markets.

Deploy your existing Ethereum DApp in less than 15 minutes. Get started with our documentation: https://docs.matic.network/.

Website: https://matic.network/
Twitter: https://twitter.com/maticnetwork?s=21
Reddit: https://www.reddit.com/r/maticnetwork/
Telegram: https://t.me/maticnetwork

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AC Milan to Join Sports Crypto Movement with Launch of $ACM Fan Token

MILAN, Jan 18, 2021 – (ACN Newswire) – Italian football giants AC Milan, in partnership with fintech blockchain company Chiliz, have announced plans to launch an $ACM Fan Token on the fan engagement and rewards platform Socios.com in the coming weeks.
Socios.com & Chiliz CEO Alexandre Dreyfus (left) with Chief Revenue Officer for AC Milan Casper Stylsvig (right) at the official signing of the partnership in the new studio at the club's Casa Milan headquarters.



AC Milan are among the most successful clubs of all time, with 18 FIFA and UEFA trophies to their name in addition to 18 Serie A titles and a massive global fanbase estimated at 450 million, including a significant following throughout Asia.

$ACM Fan Token owners will be able to access a wide range of benefits including the right to vote in multiple club decisions each season, VIP rewards & experiences, exclusive club and sponsor promotions, games, competitions and 'super-fan' recognition.

The club joins a list of 19 major sporting organizations who have partnered with Socios.com to launch Fan Tokens, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Atletico de Madrid, Galatasaray and Trabzonspor. Leading esports organizations Team Heretics, NAVI, OG and Alliance have all launched Fan Tokens on the platform, while UFC have signed a global fan engagement agreement and fellow MMA organisation the Professional Fighters League will launch a Fan Token in the coming months. More major clubs are set to launch Fan Tokens in the near future.

Notable examples of fan engagement through Socios.com include fans of Apollon FC choosing the first team for a friendly match and the club's home and away kit for the 2021/22 season. Juventus fans chose the club's new goal celebration song, decided on a limited edition redesign of the iconic 'J' logo and the first team bus for the 2020/21 season. Supporters of FC Barcelona placed a unique fan designed artwork at the heart of the Camp Nou dressing room, Roma fans delivered questions direct to head coach Paolo Fonseca in a live press conference and PSG fans chose a unique message for the captain's armband as well as voting on their end of season awards through the app.

Powered by the utility token Chiliz $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world. In just over a year it has been downloaded by more than 450,000 people, over 14M Fan Tokens have been sold, and over 700,000 votes registered on the blockchain. In total, Fan Tokens have generated over $30M USD for clubs and partners in a little over 12 months. In late December and early January several Fan Tokens were listed on major global exchanges driving significant activity, with $PSG and $JUV trading volumes hitting a 24 hour high of $300M in late December.

Fans who purchased 'Milan Devils' Tokens using Socios.com pre-sale feature Locker Room will have their tokens transformed into $ACM Fan Tokens upon launch. Locker Tokens for Manchester Blue and The Galacticos have sold out.

Casper Stylsvig, Chief Revenue Officer of AC Milan said: "We are happy to join hands with Socios.com and welcome them to our family as a global partner. This partnership allows us to give our 450 million fans across the world another exciting way to interact with AC Milan, which is particularly important under the current circumstances created by the Covid-19 pandemic.

"As an innovative Club, one of our focus areas is modernization and this partnership helps us complete another important step in that direction."

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com said: "I'm delighted to welcome AC Milan and their 450 million fans from across the world to Socios.com.

"Fans of the I Rossoneri will be able to enjoy unprecedented engagement with their favourite team, influencing the club in polls, accessing VIP rewards, exclusive promotions, chat forums and much more.

"The AC Milan partnership is a great start to a year in which we will work harder than ever on our mission to fully establish Fan Tokens as the ultimate fan engagement tool and as a powerful new revenue generator for the sports industry."

About Chiliz

Chiliz ($CHZ) is a fintech blockchain company that provides sports & entertainment entities with tools to help them engage & monetize their global audiences. The company's consumer facing app Socios.com launched in late 2019. To date, 20 major sporting organisations, including FC Barcelona, Juventus and Paris Saint-Germain have partnered with Socios.com to launch Fan Tokens.

Fan Tokens are digital assets that provide owners with engagement opportunities, including voting rights in exclusive polls. Fan Token owners can also connect with other fans in Socios Chat, access exclusive organisation and sponsor-related promotions, enjoy VIP rewards and take part in games, competitions and quizzes on the app. In early 2020 Chiliz launched Chiliz.net (Chiliz Exchange) the world's first tokenised sports exchange, with the goal to create a new ecosystem, drawing participation from sports fans and cryptocurrency enthusiasts who can trade and exchange Fan Tokens on the platform. All of these projects are fueled by the Chiliz token ($CHZ), a chain-agnostic digital currency which is currently available on leading crypto exchanges around the world, including Binance. For more information please visit www.socios.com / www.chiliz.com

For Further Information:
Chiliz / Socios.com
Andrew Clarke – Head of PR
andrew@chiliz.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rhotex Inc. Imposes a New Eco-Friendly Concept to Cryptocurrency Mining

TORONTO, Jan 16, 2021 – (ACN Newswire) – Rhotex Inc., a leading provider of cryptocurrency mining solutions, announces its latest product line, developed through the integration of its world-class hardware and software technologies. Rhotex offers the first factory design cooling case that keeps mining operations working perfectly, while consuming less power versus output performance.



The design of Rhotex Inc. miners allows for cooling systems to be built within the case. Keeping temperatures down ensures that the machine runs smoothly, consistently, and at peak efficiency.

The Rhotex Inc. product line includes:

RHO Lite – $3,150

SHA256/BTC/BCH
ETASH/ETH
Hash rate: 1000 TH/s – Bitcoin
Hash rate: 5GH/s – Ethereum
RHO Pro – $5,800

SHA256/BTC/BCH
ETASH/ETH
Hash rate: 1800 TH/s – Bitcoin
Hash rate: 10 GH/s – Ethereum
RHO Rack – $12,999

SHA256/BTC/BCH
ETASH/ETH
Hash rate: 4100 TH/s – Bitcoin
Hash rate: 20 GH/s – Ethereum
For more information, visit www.rhotex.com.

About Rhotex Inc.

Our inbuilt cooling system cases provide an environmentally responsible solution to today's challenges with the traditional miners. Rhotex inbuilt cooling systems are engineered to cool the machine as the chips generate heat. These systems are safe for computer chips and keep the chips cool as they run and generate heat. The cooling systems work automatically. This simply means you only need to turn on the cooling system, then the system automatically regulates the temperature within the case while the machine works efficiently.

CONTACT:
Torrie Fontan
Rhotex Inc.
+17472161067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rhotex Inc Launches Environmentally-Sound Options to Crypto Mining

TORONTO, Jan 14, 2021 – (ACN Newswire) – Rhotex ( www.rhotex.com ) has officially launched 3 miner cases configured with an in-built factory cooling system to ensure 100% efficiency as the chips generate heat. From Rhotex, this first of its kind innovation designed by seasoned crypto industry experts provides an environmentally responsible solution to today's challenges with the traditional miners by consuming lesser power supply compared to the output performance.



Rhotex currently offers a range of products in their new offer: RHO Lite, RHO Pro, and RHO Rack which comes with incredible features such as low power consumption, high-performance output, Wi-Fi / Ethernet connection, easy setup and productive compatibility with various blockchain options. These combined with its inbuilt cooling system increases expected hash rate conversion hence giving it an edge in the industry. All products in the RHO series were painstakingly analyzed and tried under intense conditions.

Rhotex Inc.'s algorithm solutions integrate world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions and mines Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash at high levels in remarkable time. Hash rate powers in the series include:

RHO Lite: 1000 TH/s – Bitcoin, 5 GH/s – Ethereum
RHO Pro: 1800 TH/s – Bitcoin, 10 GH/s – Ethereum and
RHO Rack: 4100 TH/s – Bitcoin, 20 GH/s – Ethereum.

Roberts Evans, CEO for Rhotex Inc. in a statement says the RHO series is an easy to use miner that optimizes energy efficiency while providing maximum output. "It's our way of contributing our quota to a green environment by creating an eco-friendly design with an in-built cooling system that has very low carbon emission. This is the first of its kind. We are very delighted by the opportunities this innovation offers," he further added.

To access the wide range of products on offer and learn more about Rhotex visit www.rhotex.com

About Rhotex

Rhotex Inc. is the company behind the RHO Miner series which are eco-friendly high-quality cryptocurrency miners with an in-built cooling system that delivers extremely high hash power with low energy consumption. Their partners include Equinix, Avenga, Etiya, Altiostar, and many more. Headquartered in Toronto Canada, the company currently has facilities in Australia.

Contact Information:
Rhotex Inc.
Torrie Fontan
747-216-1067

SOURCE: Rhotex Inc

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Uzpromstroybank launches JCB merchant acquiring operations across the Republic of Uzbekistan

TOKYO & TASHKENT, Jan 12, 2021 – (ACN Newswire) – JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and JSCB "Uzbek Industrial and Construction bank" are pleased to announce the start of JCB merchant acquiring operations across the Republic of Uzbekistan.

The introduction of a visa-free regime in 2018 with Japan, as well as the cooperation of Uzpromstroybank with JCB International Co., Ltd. (Japan) will expand the tourism potential of Uzbekistan, increase cashless money circulation and improve the quality of customer service.

In 2019, JSCB "Uzpromstroybank" launched a project to modernize card processing, the goals of which were the issuance of international cards with an electronic PIN code, multicurrency accounts and a credit limit on the card, and provision of service using international contactless card systems including JCB and the expansion of the acquiring network. As for today, the project has been implemented and testing and customization of new card products are underway.

In January 2021, a new processing "WAY4" has been launched in a productive environment, where all JCB cardholders will be able to withdraw cash from ATMs of Uzpromstroybank and pay for purchases in the network of the Bank's partners.

Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented: "We are pleased to announce that JSCB "Uzpromstroybank", one of the largest and most reliable banks in the region with a high business reputation, has started to accept JCB Cards across the Republic of Uzbekistan. Uzbekistan is a popular tourist destination with an ancient history, rich cuisine, hospitable people. Uzbekistan attracts not only Russian tourists, but also tourists from Japan and other Asian countries and regions, where there are traditionally many JCB cardholders. The introduction of a visa-free regime in 2018, as well as our cooperation with JSCB "Uzpromstroybank" will definitely contribute to an increase in the flow of tourists, as well as creation of even more comfortable conditions for paying for purchases and withdrawing cash for JCB cardholders when traveling to the Republic."

Deputy Chairman of the Board of JSCB Uzpromstroybank Tavakkalov Ulugbek commented that the bank's ATM and terminal network serving Humo will simultaneously serve the cards of JCB international payment system. Now there are 150 of such ATMs and 16,000 of such terminals.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 35 million merchants in the world. JCB Cards are now issued in over 20 countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

About JSCB "Uzpromstroybank"

JSCB "Uzpromstroybank" is the largest bank in the Republic of Uzbekistan, whose history is inextricably linked with the development of the economy, actively contributes to the implementation of structural reforms and liberalization of the economy, consistently implements a set of programs for the development of basic industries and modern infrastructure. Adhering to the strategy of intensive growth, Uzpromstroybank is implementing a set of measures aimed at increasing its authorized capital, issuing shares and actively placing them on the stock market to attract free funds from the population, business entities and potential investors. More information is available at https://sqb.uz/

Contacts

JCB
Kumiko Kida, Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

JSCB "Uzbek Industrial and Construction bank"
Bekhzod Bozorov
Information service
Tel: +998 78 1204500 (1311)
Email: press_service@uzpsb.uz

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com