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Sirin Labs and MyEtherWallet Partners to Increase Outreach of Blockchain Smartphone

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sirin labs ans myetherwallet partners to increase outreach of blockchain smartphones

Swiss developer Sirin Labs will fuse popularly known cryptocurrency interface MyEtherWallet (MEW) in its Finney blockchain smartphone, this was confirmed by the company on social media on March 21.
Sirin Labs, which released Finney late last year will now enable MyEtherWallet users to buy the device via the latter’s cell and web interface. Also, MEW will attribute as the go-to wallet interface for Finney customers.
The move according to Sirin and MEW came about as a result of a need to promote adoption and ease the process of assessing and handling cryptocurrency tokens.

“We’re always looking to bring more secure integrations to Ethereum to make our users feel safe while navigating the crypto waters, and we believe having an on-phone hardware wallet is immensely valuable to users,” – Kosala Hemachandra, MEW CEO and founder expressed to Finextra.

Hemachandra buttressed further:

“This will not only make it easy to send and receive crypto transactions, but it will also make crypto more accessible to a wide range of users.”

The partnership is the newest to close for Sirin that became popular among cryptocurrency users in 2017 when it signed Lionel Messi, a popular footballer as its brand ambassador.

“We see this integration as a strong step towards a greater market share for both companies, as the two products complement each other” – Zvika Landau, Sirin Labs CEO.

The blockchain smartphone arena already contains several players which launched devices at similar times. Recently, HTC partnered with web browser Opera to increase the functionality of its blockchain-centric offering, the Exodus. Samsung has also received consideration after it published it might come with a cryptocurrency wallet in its latest Galaxy S10 smartphone.
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Blockchain News

Blockchain Tokens Scale Heights as Traditional Assets Struggle post COVID-19  

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Bitcoin (BTC) recently scaled past $17,000 once again since the first month of 2018. 

Arcane Research, a firm that evaluates the  digital asset market notes that “Bears are in disbelief.”  The firm added that BTC is fast posting its sixth weekly profit. It continued that “it seems like there is nothing stopping bitcoin at the moment.” 

As United States shares and European equities experience a downturn of events due to the COVID-19 induced lockdown, an ounce of gold joins the trend by dropping  by 0.1% to $1,888. 

BTC Surges as Traditional Assets Struggle

As BTC rates surge, the value of shares fall and gold rates drop. It will interest you to know that admist all these, Ethereum (ETH), a viable altcoin is enjoying the turn of events as the Decentralized Finance (DeFi) sector flourishes with favourable projections. It has particularly scaled by 266%, a whopping two times more than the digital gold- BTC.

DASH Flourishes Alongside Other Digital Currencies 

Also, the payment focused Dash coin (DASH) which stands at the rate of $81.15 and is also known for its optional privacy feature also appears to be flourishing this season especially because it offers users the option of transacting anonymously or otherwise. In comparison with traditional assets, it appears that crypto assets continue to scale heights.

Investors Turn to Digital Assets As the World Continues to Change

With the paradigm shifting towards digital assets, investors are stashing their hard earned monies into tokens like those mentioned above and also in new Blockchain tokens like dot (DOT), which is run on the Polkadot network. One of the founders of this Blockchain, Gavin Wood, was also one of the founders of the Ethereum Blockchain. He wrote the white paper for this network right after that of Ethereum as far back as 2016. Polkadot continues to be fast growing as the managing Director of KR1, an investment firm- Keld van Schreven notes that: 

“The market and investor appetite has been really strong for Polkadot’s dot token,”

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Galaxy Digital Acquires DrawBridge and Blue Fire Capital

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Galaxy Digital, a Crypto Merchant revealed yesterday, the 13th of November, 2020 that it had acquired two firms so as to assume a major role when it comes to serving organizations that need to access virtual assets like crypto.

The organisation revealed this strategic move via a press release that it had acquired DrawBridge Lending which is a platform that enables investing funds in virtual assets and also  borrowing same. The second firm is Blue Fire Capital which provides services that cater to offering “two-sided liquidity for futures markets and digital assets”

Although Galaxy Digital did not immediately disclose details as to this new acquisition, the Crypto Merchant explained how this  critical decision will convert DrawBridge’s more than $150 million will be converted to Galaxy Digital’s.  

The President of Galaxy Digital, Christopher Ferraro,  notes: 

“Galaxy Digital’s mission is to bring cryptocurrency to traditional finance and vice versa.” 

He continued that:

(This move) “will enable us to further amplify our strong position as a go-to trading desk in digital assets and more rapidly grow our innovative portfolio of trading products and services.” 

Galaxy Digital, founded by Mike Novogratz,  had earlier revealed their third quarter earnings to be a whopping gross sum of about $44.3 million for the year 2020. It will interest you to know that the firm just recovered from 2019’s 3rd quarter loss of about $68.2 million.

Galaxy’s President continued that the two acquisitions would enable the firm “further meet what we believe will be an even bigger wave of institutional demand.”

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Bitpay Launches New Crypto Payroll Product

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A major payments service provider, BitPay has just released a new product to enable business enterprises to pay remuneration to their suppliers, employees, independent contractors with crypto.

The new product dubbed “BitPay Send” is a payment service processor that is centred on global and “gig-economy” enterprises that are set to pay their several clients digitally at one and the same time. 

BitPay CEO Stephen Pair notes;

“Blockchain payment adoption is growing because it offers an easy way to send and receive payments on a global scale” 

He continued that with this new innovation, businesses will not need to go through the hassles of buying, holding or supervising their crypto all by themselves. 

The following are the payment processes that can be run on BitPay Send:  “reward issuance, contractor payments, payroll, customer cash-out requests, and settlements with marketplace sellers.”

For a customer to receive payment via the Bitpay Send, he must have a BitPay ID and a digital wallet so as to obtain the payments. Companies who use this service pay a 1% to Bitpay as the latter’s commission.  Good news to users: they would not have to pay FOREX fees.

This new release offers a substitute to cryptocurrency payroll commodities

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