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Bitcoin News Blockchain News Cryptocurrency News

The First U.S. Commercial Bank To Provide Access To Bitcoin

Blue Ridge Bank has announced that for the first time in U.S. history a commercial bank is providing access to Bitcoin at its branch locations. Cardholders can purchase and redeem Bitcoin at 19 Blue Ridge Bank ATM locations, consisting of both branch and off-site ATMs.

“Blue Ridge Bank is excited to continue its evolution to serve the growing needs of our current and future customers,” said Brian K. Plum, Chief Executive Officer of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), the parent company of Blue Ridge Bank. “The ATMs remain able to serve cash-based and inquiry activity, so this is simply layering on more services and reinforces our commitment to the future of banking for all customers.”

Blue Ridge Bank has partnered with BluePoint ATM Solutions, a national ATM operator out of Woodstock, Va., and LibertyX, the leading U.S. bitcoin ATM software provider from Boston, Massachusetts.

BluePoint ATM Solutions CEO Wade Zirkle commented, “We are proud to partner with Blue Ridge Bank and LibertyX to provide ATM management services that are Bitcoin-capable. We predict that more community banks and credit unions will demand innovative fintech solutions like this at their branches, and we are excited to be a leader in this space.”

“We’re honored to work with Blue Ridge Bank and BluePoint. For years, consumers have been asking for the ability to buy bitcoin from their banks. We are proud that BRB is the first bank in the nation to offer bitcoin services on their ATMs,” said Chris Yim, LibertyX Co-Founder & CEO. “LibertyX provides consumers with the trust and ease of going to 8,500 ATMs at local convenience stores, pharmacies, and gas stations. Now they can also buy bitcoin at their local bank ATM.”

Blue Ridge Bank, N.A., is the wholly-owned banking subsidiary of Blue Ridge Bankshares, Inc. Through its subsidiaries and affiliates, Blue Ridge Bank provides a wide range of financial services including retail and commercial banking, payroll, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending. The bank provides commercial banking services to customers located throughout Virginia and North Carolina.

BluePoint ATM Solutions is one of the largest privately-held ATM management companies in the U.S., with offices in Virginia and Colorado. BluePoint ATM Solutions specializes in providing efficient, outsourced ATM services to Community Banks and Credit Unions across the U.S. and providing customized ATM services to the retail and hospitality industries.

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Blockchain News Cryptocurrency News

Prime Trust Announces Record Crypto Market Growth in 2020

Prime Trust, the leading provider of all-in-one, financial infrastructure for fintech innovators today reported 2020 numbers, with strong growth across crypto, crowdfunding and BaaS markets. It further detailed the fintech roadmap priorities for the year ahead. Additionally, Prime Trust celebrated its year-end with continued team expansion – hiring more than 100 new members in 2020; despite the challenges of the pandemic.

2020 Highlights

Prime Trust executives attribute the company’s growth to the acceleration of alt-banking and the next-generation of alternative trading systems. Additional highlights from the year include:

  • Crypto – $12 billion in settlements and more than 3.4 million counterparty transactions
  • Crowdfunding – more than $650 million invested, with 460,000 transactions in 648 offerings
  • Financial Infrastructure – more than 140 API customers, $22 billion funds processed and 600,000 AML checks

“What a year! Despite a lot of uncertainty caused by COVID-19, I am in awe of our team and how they persevered as business accelerated beyond our wildest expectations,” said Scott Purcell, CEO of Prime Trust. “We moved quickly to develop technology and add exceptional team members with expertise across regulation, banking, business and tech to service our API customers.”

2021 Outlook

Prime Trust will continue full steam ahead for 2021, with a host of priorities and initiatives across the board from enhancing bank crypto services to securing impactful certifications. The company will continue to thrive in the new year as the all-in-one, financial infrastructure for quick, easy, and reliable deployment to help fintech innovators launch in a customizable way.

“It’s a really exciting time to be in fintech, and a fantastic time to provide financial infrastructure to a huge variety of innovators,” Purcell said. “Our customers are doing incredible things with our technology and 2021 is going to be an amazing year of innovation and disruption – I can’t wait.”

Prime Trust is the leading provider of all-in-one, financial infrastructure for fintech innovators. Their proprietary Universal Asset Platform, Prime Core, is a modular platform that allows fintech startups and established financial institutions to scale and enter new markets, quickly and simply. The firm powers mobile financial apps, crypto exchanges, securities exchanges, OTC desks, portals, platforms, brokers, investment advisors, exchanges, real-estate syndicators, and others with smart API solutions to create world-class financial services at scale. Services provided by Prime Trust include institutional and retail account types including custodial, IRA, trust, and escrow, coupled with funds processing, AML and KYC compliance, asset custody, counterparty settlement systems, transaction technology and tax reporting. 

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Blockchain News Cryptocurrency News

Ibanera Partners With Fireblocks

Ibanera, a licensed global fintech company, today announced a partnership with Fireblocks, a leading enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets.

The Ibanera platform provides account issuance, cross-border transfers, and currency exchange services to both corporate and retail customers. Ibanera customers will now be able to leverage the Fireblocks Network to safely transfer cryptocurrency funds in real-time. Fireblocks’ technology uses multiparty computation (MPC) and patent-pending chip isolation technology (SGX) to protect users’ private keys, deposit addresses and API keys.

The rising adoption of cryptocurrency has led to demand for trusted digital wallet infrastructures that offer efficiencies in payments and managing assets. Fireblocks provides secure rails for funds to be easily transitioned from cold storage or any other storage solution. The platform currently supports twelve blockchain protocols and over 300 tokens.

“We are thrilled to have Ibanera join the Fireblocks Network,” said Michael Shaulov, CEO of Fireblocks. “Providing support for Ibanera gives us the opportunity to extend our secure MPC wallet services to an innovative, licensed provider that services a multitude of industries globally.”

“Fireblocks is a global leader in digital asset security. Our partnership provides another layer of protection for customers using various cryptocurrencies for cross-border payments and balance transfers,” said Bjorn Snorrason, General Manager of Ibanera.

Ibanera is a global fintech firm regulated in the United States, Canada, Europe and Singapore. As an innovative financial services platform, Ibanera provides businesses and individuals a seamless, user-friendly banking experience in a modern digital and global environment.

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $9 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit. 

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Blockchain News Cryptocurrency News

Results Of Vaycaychella Cryptocurrency Survery

World Series of Golf, Inc. (OTC Pink: WSGF), parent company of Vaycaychella, today reported a very robust survey support of 95% in favor of the company’s cryptocurrency strategy in conjunction with the company’s overall fintech short-term rental property acquisition alternative finance business. 

In conjunction with the company’s newly developed cryptocurrency plans, management recently conducted a cryptocurrency survey. Today the company reported the survey results.

95% of respondents supported the company’s cryptocurrency strategy and 84% expressed interest in the purchase of real estate with cryptocurrency. Another 12% expressed interest in owning an interest in Vaycaychella through cryptocurrency. The full results are included below.

Vaycaychella is subsidiary operation of WSGF acquired last year that now represents the company’s primary business focus. A corporate name change is underway.

Vaycaychella has built a peer-to-peer (P2P) technology solution designed to connect short-term rental property buyers with alternative investors. The P2P application (app) is part of a fintech ecosystem solution suite for short-term rental property owners that includes a Visa Card solution and plans for a cryptocurrency component.

Over the past three years Vaycaychella has built a portfolio of short-term vacation property investments that would not qualify for conventional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.

WSGF plans to beta launch its Vaycaychella P2P app to beta users in February 2021 with a production launch anticipated in June. 

Recently, the company announced plans to add a cryptocurrency strategy to its Vaycaychella P2P business model

Survey Results:

Cryptocurrency Experience

own one or more cryptourrencies                            55%
 ready to invest in cryptocurrency                            23%
 need to learn more before I am ready                      22%

Cryptocurrency Confidence

 believe cryptocurrency will replace cash and stocks            10%
 believe cryptocurrency will be an alternative to both          78%
 believe cryptocurrency is just a passing trend                      3%
 I don’t know                                                                      9%

Vaycaychella Cryptocurrency 

 support a Vaycaychella cryptocurrency strategy                     95%
 think Vaycaychella should stay out of cryptocurrency             5%

Vaycaychella Cryptocurrency Priority 

 capability to purchase properties with cryptocurrency               44%
 capacity to buy fractional ownership in one or more properties   40%
 cryptocurrency backed by ownership in Vaycaychella                   12%
 Vaycaychella should not have a cryptocurrency offering now        3%
 Other                                                                                              1%

Cryptocurrency Regulation

 understand cryptocurrency regulations                                 39%
 find cryptocurrency regulations confusing                            22%
 do not understand cryptocurrency regulations                      22%
 didn’t know there where cryptocurrency regulations             12%
 not interested in cryptocurrency regulations                          5%      

Vaycaychella
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Blockchain News Cryptocurrency News

WSGF Is Developing A Real Estate Cryptocurrency

World Series of Golf, Inc., a publicly-trade company, (OTC Pink: WSGF) is developing a cryptocurrency strategy in conjunction with the company’s overall fintech short-term rental property acquisition alternative finance business. In conjunction with the company’s cryptocurrency plans, management has launched and encouraged participation in the company’s cryptocurrency survey. Today the company announced plans to publish the results of the survey this Friday, January 22, 2020. Until then, anyone interested can still take the brief survey.

Vaycaychella is subsidiary operation of WSGF acquired last year that now represents the company’s primary business focus.  A corporate name change is underway.

Vaycaychella has built a peer-to-peer (P2P) technology solution designed to connect short-term rental property buyers with alternative investors. The P2P application (app) is part of a fintech ecosystem solution suite for short-term rental property owners that includes a Visa Card solution and plans for a cryptocurrency component.

Over the past three years Vaycaychella has built a portfolio of short-term vacation property investments that would not qualify for conventional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.

The recent Airbnb IPO has brought attention to the burgeoning short-term rental property sector of the overall travel accommodations sector. At the same time, it has highlighted the limited availability of resources available to short-term rental property owners and operators marketing through Airbnb and its peers such as VRBO and Booking.com.

WSGF plans to beta launch its Vaycaychella P2P app to beta users in February 2021 with a production launch anticipated in June. 

Recently, the company announced plans to add a cryptocurrency strategy to its Vaycaychella P2P business model. In conjunction with the development of its cryptocurrency strategy, the company has today launched a cryptocurrency survey as part of an overall effort to gather important information in developing its overall cryptocurrency strategy.

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Blockchain News Cryptocurrency News Ethereum News

Voyager Digital Lists Elrond Gold Token

Voyager Digital  Ltd. (OTCQB: VYGVF), a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced the listing of the Elrond Gold Token (EGLD) on the Voyager platform, expanding Voyager’s industry-leading offering of 55+ cryptocurrencies.

“The listing of our 56th token now offers U.S. customers an easy way to invest in the Elrond Network. Investors will now have the ability to download the Voyager App, fund their account, and begin trading eGold within minutes,” said Steve Ehrlich, Co-founder and CEO of Voyager. “As Voyager’s growth accelerates, we will continue to expand our platform of the most exciting digital assets to invest in, with over 20 interest-bearing assets on the Voyager platform.”

Elrond is a highly-scalable, fast, and secure blockchain platform for distributed apps, enterprise-use cases, and the new internet economy. Elrond’s native token, eGold, also known as EGLD, is used for paying network fees, staking and rewarding validators. Use cases include fintech, DeFi, and the Internet of Things

“The successful transition from traditional to decentralized finance will help our regulatory framework evolve in many positive ways. A publicly-traded company like Voyager, built to simplify onboarding to the crypto space, is a powerful catalyst toward unlocking blockchain’s multi-trillion-dollar potential,” added Elrond CEO and Co-founder Beniamin Mincu. “We look forward to working with the Voyager team towards compliant adoption at an internet-scale.”

For more information on Voyager Digital, please visit https://www.investvoyager.com. The Voyager app is available for Android and iPhone.

About Voyager Digital Ltd.
Voyager Digital Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading crypto-assets to the marketplace.

About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.