Open Banking – the Next Wave of Innovation in Financial Services?

LONDON, Jun 8, 2020 – (ACN Newswire) – Since the adoption of the Payment Services Directive 2 (PSD2) in 2015 by the EU, there has been a movement towards open banking with UK, European and Asian banks adopting the open data initiative. Open banking implies free access to customers' personal data through an Application Programming Interface (API). This access can facilitate automatization of payments and verification of credit worthiness as an example.

On the one hand, open banking has a number of advantages such as it facilitates competition and fair pricing, it allows customers to get better deals, it reduces barriers for financial services and most importantly it gives the control of the data to customers who provided the data. John Broxis, managing director of Preta/Open Banking Europe, says: "With this work, we are pleased to continue the mission of Open Banking Europe to describe and standardise Open Banking practices in Europe following the implementation of PSD2."

However, conversely, there are also risks and disadvantages of open banking. First, since it applies only to the financial sector, it creates unequal benefits and unfair practices where non-financial companies that are not subject to open data initiative can benefit from open banking without revealing their private data in return. This would create information asymmetries. Second, the risk of misuse of personal data will rise and this could lead to distabilisation of the banking industry. Third, there are no finalised controls, regulations and rules of the game. Hence, any disputes will be difficult to resolve. Privacy and security aspects of open banking require more attention from regulators.

Once these challenges are overcome, opening banking can become the next wave of innovation in the financial industry. Simon Paris, CEO at Finastra says: "It's encouraging to see Open Banking maturing on a global scale, but it's still seen by many to be in its teenage years, with scope for creating even greater opportunities. We believe it will be the first step towards open finance which will see the next wave of innovation in financial services being created."

Geoffrey Weli-Wosu is an observer of fintech's expanding horizons and co-founder of Voguepay.com, an online payment processing Company. He is also the founder of Domineum.io, a blockchain company making strides in the African markets.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB Enables Cross-Border QR-Code Payments with FIS

TOKYO, Jun 5, 2020 – (ACN Newswire) – FIS(TM) (NYSE: FIS), a global leader in financial services technology, today announced that an international payment scheme, JCB, has selected FIS' Payments One switching and acquiring services[1] to enable cross-border QR-code payments.

As consumers seek greater speed and convenience in their payment transactions, merchants are increasingly adopting QR codes and other digital payment types. The Worldpay from FIS 2020 Global Payments Report found that digital wallets now account for 58 percent of regional eCommerce purchases and are expected to reach almost 70 percent by 2023. Digital wallets also now surpass cash at the point-of-sale, accounting for 36 percent of in-store sales in 2019.

JCB, a leading international payment scheme based in Japan, was looking for a technology provider to help it drive acceptance of QR payments among consumers as part of its quest to be the preferred card brand. JCB chose FIS because of its global footprint, deep network of local acquiring licenses, and for the advanced capabilities of FIS' Payments One switching and acquiring services platform.

The FIS Payments One switching and acquiring services platform is customizable across a range of device and payment types. With this new payment method integrated into the platform, FIS partner banks can quickly and easily enable JCB QR Code Payment for their client base.

JCB plans to first use the Payments One switching and acquiring services platform to handle QR payments between Vietnam and Thailand, with plans to roll out across the APAC region.

"Improving the customer experience across the market is our number one goal," said Kenta Seya, Executive Vice President, Global Network Implementation Department at JCB Co., Ltd. "By creating a cross-border solution, we look forward to creating a more consistent experience for JCB card members as they travel, allowing them to pay using their preferred method, no matter where they go. Working with FIS will give us the broad reach to their partner banks globally to achieve the goal."

"By integrating QR payments for JCB cardholders through our Payments One switching and acquiring services platform, our partner banks will now have a way to deliver QR-based payments faster than before," said Mahesh Ramamoorthy, Managing Director, Banking Solutions, FIS.

Worldpay from FIS has been supporting JCB's merchant acquiring business internationally since the 1990s. In last December, FIS and JCB enabled card acceptance for Worldpay from FIS merchants in Japan, and this announcement further extends the companies' partnership.

[1] FIS' Payments One switching and acquiring services platform is a highly scalable payment processing solution for credit, debit, multicurrency prepaid, virtual card, digital wallets, loyalty programs and other value-added services.

About FIS

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500(R) company and is a member of Standard & Poor's 500(R) Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).

About JCB

JCB is a 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 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. 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/

Contact
for FIS
Kim Snider, +1 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com

for JCB Co., Ltd.
Kumiko Kida
Corporate Communications
Phone: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB Enables Cross-Border QR-Code Payments with FIS

Blockchain Holdings Ltd. subsidiary TraceSafe and Toronto Wolfpack Sign Contract for Wearable Technology to Safely Reopen Lamport Stadium

Tortola, British Virgin Islands / ACCESSWIRE, Jun 2, 2020 – (ACN Newswire) – Blockchain Holdings Ltd. (Canadian Securities Exchange: BCX) ("BCX" or the "Company") is pleased to announce that its wholly-owned subsidiary, TraceSafe Technologies, Inc. ("TraceSafe") has executed a contract with Toronto Wolfpack Rugby League Football Club ("Toronto Wolfpack") to deploy its wearable tracking products and services to help safely reopen Lamport Stadium for training and future games, whether played behind closed doors or with fans, as and when the season resumes.

Under the terms of the agreement, TraceSafe has an exclusive contract for the 2020-2021 season to supply wearable tracing products for any staff and fans attending the Toronto Wolfpack's home games at Lamport Stadium while social distancing restrictions are in place.

Why Tracesafe's Wearable Technology can be Utilized to Improve Safety at Sports Stadiums during COVID-19

TraceSafe's iMSafe wristbands help ensure that each person is protected by having the smart wireless wristbands always on the person. Furthermore, while privacy is protected, there is no personal information stored on the wristbands. The wristbands effectively act as two-way radios that enable public health directives such as contact-tracing and social-distancing to be applied at large scale events such as at Lamport Stadium. It also enables other location-based services, such as guidance to seating areas, access control and loyalty programs, to be personalized and location-aware, that further enhances the enjoyment and safety for all fans. It does not require the use of the fans' mobile phones, thereby eliminating privacy concerns and any technical issues related to mobile phones' capabilities.

How it Works

The iMSafe wristbands transmit and receive signals from each other so that nearby contacts can be logged and data is seamlessly retrieved in the background via infrastructure local to the stadiums. Data can then be used for contact-tracing should it be required, to help ensure the health and safety of fans in a stadium. Potential exposures to a confirmed case can be traced and isolated to the area or the groups of individuals in contact with particular persons. Real-time monitoring of social-distancing violations can also be enabled so that the individuals concerned may be informed or authority alerted.

What Happens to the Data Collected?

Data can be automatically deleted after a predetermined time, for example 14 days after each game day. Individuals can be identified by a login ID created by the fans themselves, and any notifications can be sent anonymously to the persons involved without personal information involved.

"We are delighted to partner with Toronto Wolfpack to work on safely reopening Lamport Stadium and bringing back rugby to Toronto. This agreement is a testimony to the leading position of TraceSafe in the category of wearable safety tech," stated James Passin, Executive Chairman, BCX.

"TraceSafe products & software will greatly improve our re-opening operating procedures for Lamport Stadium by adding a verifiable, easy to use and affordable method to assist with social distancing. It is important that as we re-start our lives, this technology aids in re-opening stadiums, avoiding tracking apps loaded onto our mobile phones," stated Toronto Wolfpack Chairman & CEO, Robert Hunter.

About TraceSafe

TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced bluetooth beacons in a variety of form factors. TraceSafe's leading cloud management solution ensures both user privacy and comprehensive administrative control. TraceSafe is deployed in mission critical quarantine applications around the world in partnership with leading governments. In addition to their government work, TraceSafe is developing leading edge solutions for Enterprise, Healthcare, and large-scale venue management. For more information visit tracesafe.io

For further information, please contact:
Malcolm Burke
+1 604 220 2000
mpb@primarycapital.net

Alan Tam, CFO
+1 604 377-7575
alantamca@gmail.com

Wayne Lloyd, CEO
+1 604 629-9975
wayne@blockchainholdingsltd.com

TraceSafe Media Inquiries:
Trey Ditto
trey@dittopr.co
+1 512 619-1343

About Toronto Wolfpack

Toronto Wolfpack is a professional Rugby team competing in the European Super League. It is the first North American team to play in the RFL and the world's first transatlantic professional sports team. The Wolfpack organization is driven by the belief that the world is a better place with more rugby balls in kids' hands. Toronto Wolfpack is committed to enriching the lives of the people who value proper care of their bodies. Toronto Wolfpack also aspires to create a global centre for rugby excellence in Toronto, to showcase the best of Ontario and Canada by supporting family run local businesses to actively promote transatlantic trade between North American and UK partners. Learn more about the Toronto Wolfpack at: www.torontowolfpack.com

Toronto Wolfpack UK Media Inquiries:
Martin Vickers +44 7808 556315 / martin@torontowolfpack.com

Toronto Wolfpack North America/Global Media Inquiries:
Jon Pallet +1 (647) 675-6301 / jon@torontowolfpack.com

The Canadian Securities Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.

Statements in this news release may contain forward-looking statements that are based on Blockchain's expectations, estimates and projections regarding its business, operations, assets and the economic environment in which it operates, including with respect to expectations regarding the TRACEsafe technology, future developments in respect of COVID-19 and adoption of the Tracesafe technology by governments and orders of product therefrom. Although Blockchain believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict, including the spread or containment of COVID-19, government responses thereto and the ability of the Tracesafe technology to assist government containment and monitoring programs. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Blockchain undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB signs a Strategic Partnership Agreement with TECHFUND for Joint Research on Sustainable Payment System Using Blockchain

TOKYO, Jun 1, 2020 – (ACN Newswire) – JCB Co., Ltd., a global payment network and a leading issuer and acquirer in Japan, and TECHFUND Inc., a technology accelerator promoting innovation in startups and leading companies, have signed a strategic partnership agreement to jointly research the construction of a sustainable payment system using blockchain. Based on TECHFUND's blockchain technologies such as STO (Security Token Offering)*1 and staking*2, JCB and TECHFUND jointly research the payment platform that will contribute to solving various issues in the payment field.

*1 STO: A method of raising funds through tokenized securities issued on the blockchain.
*2 Staking: Earning a reward by continuously holding crypto currencies and contributing to the stability of the system.

About JCB

JCB is a 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 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 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 https://www.global.jcb/en/

About TECHFUND

TECHFUND, a TECHNOLOGY ACCELERATOR, was launched on October 9, 2014 with a vision, "BE AN ENTREPRENEUR". As the world's first technology accelerator to support startups by investing "technology" instead of money, we have been involved in more than 300 teams of mentoring and due diligence, and have invested in 10 companies. At the same time, we provide an intrapreneur program, "ACCEL PROGRAM for BIZ", for major companies and contributed to 30 leading companies' innovations. We also develop scoring algorithms to assess the growth potential of startups and new businesses. TECHFUND is currently focusing on supporting blockchain and STO projects, as well as developing and providing ACCEL BaaS (Blockchain as a Service) to "accelerate" the development of blockchain applications for startups and enterprises. Among the supported startups is EtherSecurity, a company in the staking business.

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

TECHFUND Inc.
Peaske.Kawahara
Communication Strategy Div
Email: press@techfund.jp (Cc: peaske@techfund.jp)

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blockpass debuts branded WebID version of its award winning digital identity protocol

HONG KONG, May 26, 2020 – (ACN Newswire) – Responding to market demand and an increasingly remote business environment, Blockpass today revealed the launch of the WebID version of its award-winning identity verification protocol, KYC Connect.

The Blockpass KYC Connect console now enables businesses to easily integrate a WebID button that will trigger an intuitive, web-based and merchant branded identity verification and onboarding process for end-users selecting their services.

The WebID service provides a guided onboarding process with full web experience and branding, including an auto-generated branded merchant page with logo, service description and requirements. Businesses can select different levels of identity verification and KYC & AML screening, as well as centralized management and data analytics for regulated industries. This process seamlessly accommodates onboarding of existing Blockpass users via their reusable identity profile as well as new users to Blockpass.

"We are very enthusiastic to reveal this groundbreaking development," said Blockpass CEO Adam Vaziri. "Blockpass is the ideal identity protocol for an increasingly remote world and regulated transaction environment, where there is a strong need to establish trust via reusable and verifiable digital identity."

Blockpass continues to be committed to decentralized digital identity (DDI), both through ongoing updates to its mobile identity vault in iOS and Android app stores and its support of the groundbreaking research at the Blockpass Identity Lab at Edinburgh Napier University.

The Blockpass platform is fully automated and hosted in the cloud, with no integration or setup fee. Within minutes, businesses can sign up to the KYC Connect console, test out the service, and start conducting identity documents verification, KYC and AML checks. Sign up for FREE at console.blockpass.org.

About Blockpass

Blockpass is a unique, reusable digital identity (DID) solution for any organizations that participate in regulated industries and in the increasingly remote business environment where trust needs to be verified digitally. Blockpass offers an alternative process to cumbersome, repetitive and expensive Know Your Customer (KYC) and Anti-Money Laundering (AML) checks through a seamless merchant dashboard that is setup immediately with pay-as-you-go and no initial fee. 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.

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

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Construction Expert Breezecoin (BRZE) Expands Further, Listed on CoinTiger Crypto Exchange

UK, May 22, 2020 – (ACN Newswire) – Breezecoin (BRZE), a real estate-backed cryptocurrency issued by Breeze de Mar, which is a real estate company with over 60 years of experience in the field, will be listed on the cryptocurrency exchange CoinTiger on May 22, 2020 (UTC). This is the second listing of Breezecoin following its recent one on Bithumb Global in late April.

Breeze de Mar is a UK-based real estate investment company and the successor of Akpinar Group, which is one of the rooted construction companies in Germany and has been serving the construction and real estate sectors on building commercial and residential complexes, as well as manufacturing areas since 1960.

Unlike most of the other cryptocurrencies, Breezecoin is tied to physical assets, namely real estate assets. Breezecoin is a currency used within the Breeze de Mar resort ecosystem. Customers can pay for services, food and beverages, and even buy a property with Breezecoin in Breeze de Mar locations.

"We're very excited about the listing of Breezecoin on a reputable Asian cryptocurrency exchange. Our plan is to expand further and establish footprints in more foreign markets. We're committed to be the first construction company to leverage the technology of blockchain and bring an impact to our industry," said Harald Kendzia, CEO of Breezecoin.

The deposits of Breezecoin will be available from 08:00 May 21, 2020 (UTC). Trading will open at 08:00 May 22, 2020 (UTC), while withdrawals will open at 08:00 May 25, 2020 (UTC). Customers at CoinTiger can also participate in the BRZE trading contest to win up to 2,000 BRZE.

About Breezecoin
Breezecoin (BRZE) is a real estate-backed cryptocurrency issued by Breeze de Mar, a brand owned by a UK-based real estate investment company Breeze de Mar LTD.

About Breeze de Mar
Breeze de Mar is the successor of Akpinar Group which is one of the rooted construction companies in Germany and has been serving the construction and real estate sectors on building commercial and residential complexes, manufacturing areas since 1960.

About CoinTiger
CoinTiger is a global digital asset exchange based in Singapore. CoinTiger boasts over 2.8 million registered users across 40+ countries, and has more than 120,000 daily active users. In addition to being a prominent exchange platform, CoinTiger also provides financial services, consulting, and funding to support the growth of promising blockchain projects. CoinTiger consistently ranks as one of the top 30 global exchanges by trading volume.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Infinito and Paxful Form Strategic Partnership for Safe, Feeless Access to Cryptocurrencies Globally

Infinito and Paxful have partnered up to bring Infinito Wallet users a safe, feeless, and fully peer-to-peer way to buy Bitcoin with 167 fiat currencies through over 300 payment methods at great prices. The two are also working together on a unique “investment competition game” for both new and experienced crypto investors in Vietnam, a key market that both platforms are setting their sights on at the moment.

SINGAPORE, May 11, 2020 – (ACN Newswire) – Infinito, the leading multi-crypto wallet for users to easily start investing and earning more with digital assets, today announces its strategic partnership with Paxful, a peer-to-peer bitcoin (BTC) marketplace that aims to provide financial inclusion around the globe. From now, users of Infinito Wallet can directly purchase Bitcoin at the best prices from other crypto users around the world safely without having to pay any transaction fees. This is made possible thanks to the seamless integration of Paxful’s web-based Virtual Bitcoin Kiosk on the Infinito Wallet platform. From 11th May 2020, there is also a limited-time 3% rebate in ETH for all purchases made via Paxful service on the wallet.

The strategic integration between Infinito and Paxful unlocks convenient payment methods for Infinito Wallet users to buy Bitcoin (BTC) with 167+ fiat currencies including USD, VND, GBP, CNY, CAD, and more. The most in-demand payment methods supported by Paxful are bank transfer, gift cards, online wallets, domestic wire transfer, and many more.

To simplify and fully optimize the in-wallet crypto purchasing experience, buyers are instantly matched with sellers who are offering the best price on Paxful’s platform based on the currency and payment method chosen. Purchased funds are seamlessly sent to the buyer’s wallet address, removing the hassle of transferring funds between different platforms.

A Strategic Partnership to Penetrate New Regional Markets

Additionally, both Infinito and Paxful are looking to penetrate Vietnam, a highly potential market with a rapidly growing Bitcoin investor community of 6 million people and counting. The two platforms are reportedly working on a unique “crypto investment competition” type game that will allow newcomers to try their hands at crypto before investing in the real thing, while the user community at large can take part in fun trading competitions, with prizes, to discover the best crypto traders.

“We’re extremely pleased to be Paxful’s first-ever crypto wallet partner to enable Bitcoin ownership for even more people all over the world and penetrate the Vietnam market. This shared vision between Paxful and Infinito for a simple, fair, and secure economy for all empowered by cryptocurrencies has driven us to build a safe and accessible platform to purchase Bitcoin,” shared Jack Nguyen, Director of Infinito. “We hope that our joint efforts will bring about greater accessibility to Bitcoin for the masses, especially for people still foreign to the concept of digital assets.”

“As we continue our work in emerging markets, this unique partnership with Infinito aims to bring bitcoin to the masses and promote the usability of cryptocurrency,” said Ray Youssef, CEO, and co-founder of Paxful. “Together, we enable people everywhere to directly purchase Bitcoin at the best prices without having to pay any transaction fees. We’re excited to see how this will drive financial access and more opportunities for people worldwide.”

Amidst the global financial crisis caused by the Covid-19 pandemic, BTC and cryptocurrency have been gaining great traction as more people ferret for different means to diversify their income streams. Bitcoin ownership globally is growing fast and both Infinito and Paxful have reported sharp increases in crypto purchasing volume on their respective platforms, especially from Vietnamese users.

In Q1 of 2020, Paxful saw over a 43% increase in new user signups in Vietnam compared to Q4 of 2019, with a massive 262% increase in trading volume. Vietnamese seller volume also grew by 69% while the volume of buyers rose by more than 115% on the platform, both with bank transfer as the leading payment method. Similarly, Infinito has reported a colossal 710% increase in buying amount from January to February 2020 for Vietnamese users alone and over 107% increase for global users.

About Infinito
Infinito Wallet is a secure multi-crypto wallet that lets users easily start investing and earning more with digital assets. It supports over 2,000 top-ranking coins and tokens as well as decentralized applications. Infinito Wallet is frequently ranked amongst the best wallets for crypto communities. Learn more about Infinito: https://www.infinitowallet.io/

– Official website: https://www.infinitowallet.io/
– Telegram: https://t.me/infinitowallet

About Paxful
Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 3 million customers globally who you can instantly buy and sell bitcoin with – using over 300 different payment methods. As part of their mission Paxful also launched #BuiltWithBitcoin, a social good initiative with the goal of building 100 schools funded entirely by bitcoin all across emerging markets.

Infinito and Paxful Form Strategic Partnership for Safe, Feeless Access to Cryptocurrencies Globally

From now, users of Infinito Wallet can directly purchase Bitcoin at best prices from other crypto users around the world safely, without having to pay any transaction fees. This is made possible thanks to the seamless integration of Paxful's web-based Virtual Bitcoin Kiosk on the Infinito Wallet platform. From 11th May 2020, there is also a limited-time 3% rebate in ETH for all purchases made via Paxful service on the wallet.

The strategic integration between Infinito and Paxful unlocks convenient payment methods for Infinito Wallet users to buy Bitcoin (BTC) with 167+ fiat currencies including USD, VND, GBP, CNY, CAD, and more. The most in-demand payment methods supported by Paxful are bank transfer, gift cards, online wallets, domestic wire transfer, and many more.

To simplify and fully optimize the in-wallet crypto purchasing experience, buyers are instantly matched with sellers who are offering the best price on Paxful's platform based on the currency and payment method chosen. Purchased funds are seamlessly sent to the buyer's wallet address, removing the hassle of transferring funds between different platforms.

A Strategic Partnership to Penetrate New Regional Markets

Additionally, both Infinito and Paxful are looking to penetrate Vietnam, a highly potential market with a rapidly growing Bitcoin investor community of 6 million people and counting. The two platforms are reportedly working on a unique "crypto investment competition" type game that will allow newcomers to try their hands at crypto before investing in the real thing, while the user community at large can take part in fun trading competitions, with prizes, to discover the best crypto traders.

"We're extremely pleased to be Paxful's first-ever crypto wallet partner to enable Bitcoin ownership for even more people all over the world and penetrate the Vietnam market. This shared vision between Paxful and Infinito for a simple, fair, and secure economy for all empowered by cryptocurrencies has driven us to build a safe and accessible platform to purchase Bitcoin," shared Jack Nguyen, Director of Infinito. "We hope that our joint efforts will bring about greater accessibility to Bitcoin for the masses, especially for people still foreign to the concept of digital assets."

"As we continue our work in emerging markets, this unique partnership with Infinito aims to bring bitcoin to the masses and promote the usability of cryptocurrency," said Ray Youssef, CEO, and co-founder of Paxful. "Together, we enable people everywhere to directly purchase Bitcoin at the best prices without having to pay any transaction fees. We're excited to see how this will drive financial access and more opportunities for people worldwide."

Amidst the global financial crisis caused by the Covid-19 pandemic, BTC and cryptocurrency have been gaining great traction as more people ferret for different means to diversify their income streams. Bitcoin ownership globally is growing fast and both Infinito and Paxful have reported sharp increases in crypto purchasing volume on their respective platforms, especially from Vietnamese users.

In Q1 of 2020, Paxful saw over a 43% increase in new user signups in Vietnam compared to Q4 of 2019, with a massive 262% increase in trading volume. Vietnamese seller volume also grew by 69% while the volume of buyers rose by more than 115% on the platform, both with bank transfer as the leading payment method. Similarly, Infinito has reported a colossal 710% increase in buying amount from January to February 2020 for Vietnamese users alone and over 107% increase for global users.

About Infinito
Infinito Wallet is a secure multi-crypto wallet that lets users easily start investing and earning more with digital assets. It supports over 2,000 top-ranking coins and tokens as well as decentralized applications. Infinito Wallet is frequently ranked amongst the best wallets for crypto communities.

– Official website: https://www.infinitowallet.io/
– Telegram: https://t.me/infinitowallet

About Paxful
Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 3 million customers globally who you can instantly buy and sell bitcoin with – using over 300 different payment methods. As part of their mission Paxful also launched #BuiltWithBitcoin, a social good initiative with the goal of building 100 schools funded entirely by bitcoin all across emerging markets.

– Official website: https://paxful.com/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Bixin Global Announces 66 Million USD Global Fund of Funds for Cryptocurrency

HONG KONG, May 8, 2020 – (ACN Newswire) – Bixin Global, one of China's largest cryptocurrency custody and mining operators, has launched a proprietary Fund of Funds amounting to 6600 BTC, or approximately USD 66 million. This announcement comes alongside the anticipated BTC Halving, as different stakeholders make various preparations for its arrival. The 6600 BTC fund seeks to empower global crypto quant funds by providing additional resources for liquidity providers and market making activities.

Bixin's Fund of Funds is BTC denominated with the main goal of increasing BTC holdings by investing in global quant funds. The strategies that the quant funds can utilize will be based on arbitrage, CTA and trend analysis. Bixin Global also welcomes exploring mutually beneficial partnerships with other firms on mining management, cloud mining and mining fund sectors.

Bixin Global has an unwavering commitment to Bitcoin and provides robust financial services for the cryptocurrency industry such as OTC lending, exchange and escrow services. Bixin Global has had a major impact in growing the BTC industry to what it is today as they were early investors of leading cryptocurrency companies such as Whatsminers. Bixin Global was founded by veteran mining expert, Wu Gang, who began mining BTC during its infancy at the beginning of 2009.

Bixin Mining currently operates bitcoin mining facilities of about 300 megawatt-hour, roughly 3,000 petahashes per second (PH/s) of computing power that accounts for 2.5% of the Bitcoin network's total. This has been achieved under the leadership of Liu Fei. A seasoned veteran in the world of digital currency, Liu Fei cut his teeth at Huobi in 2016 where he served as Senior Operational Officer. During this time, he was in charge of building systematic approaches for market creation and liquidity management, and became connected with experienced miners. The company itself is a big operation with many moving parts that operates like a close-knit family business, and with its team of experienced professionals including former Director of Global Business Development at Huobi and Venture Partner at Amber Group, Mustafa Yilham, Bixin Global is poised to make a significant impact in the crypto landscape.

As one of the largest mining operators and cryptocurrency custody solutions in China boasting an extensive user base, Bixin Global is committed to actively growing the cryptocurrency industry by reinvesting back into quant funds globally. Spearheaded by Bixin Finance COO and Bixin Mining CEO, Liu Fei, he has led the company towards growth through the blending of different strategies and asset classes to deliver a more consistent return while minimizing risk during volatile times, with the end goal of accruing more Bitcoin. The fund has been primarily operated in house without outside investment and does not have plans for fundraising to date. Bixin Global also is steadily growing to become one of the largest prop cryptocurrency trading desks in Asia.

For further information on the 6600 BTC fund of Bixin Global and its development, please contact mustafa@bixin.com.

ABOUT Bixin Global

Bixin Global Co. Ltd. is one of the most influential blockchain companies in Asia. With its business covering both upstream, cryptocurrency mining, and downstream, bitcoin wallet, in the blockchain industry, the company has steadily diversified its service offerings as well as overall market capabilities over the past six years.

Bixin Global services are operated through Bixin.com, Bixin Capital, Bishin Cloud, Bixin CryptoLending, Bixin Financial Services, Bixin Investment, BixinIM, Bixin Mining and Bixin Software. For more information, please visit the official website at https://bixin.im.

Media Contact
Mustafa Yilham
Head of Business Development
mustafa@bixin.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com