Australian funds simplify investments using blockchain

A venture capital fund will implement the blockchain technology
28 November 2017   731

A new Australian fund Apollo Capital is planning to concentrate on blockchain and cryptocurrency and spend $30 million for that purpose. It’s the first Australian foundation, which operates with digital money. Only people with more than 50000 australian dollars on their accounts have an opportunity to invest in the fund.

Domenic Carosa, one of the fathers of the organization (the other is Holger Arians), believes that such kind of funds is a product of its time. The establishment is indispensable for development and prosperity of blockchain technology.

But Apollo Capital is not the only fund, which deals with cryptocurrency and the blockchain technology in Australia. Managers of the NEM.io blockchain development fund are planning to invest $14 million for extension of cryptocurrency usage in the nation state. They also want to implement their own XEM blockchain platform for easier adoption of the technology.

At the same time many venture capital funds in Australia are sceptical about cryptocurrency and not ready to use the blockchain right now.

 

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   66

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.