BitPesa Platform to Acquire TransferZero

BitPesa and TransferZero partnership should let the fast-growing platform plant deeper roots through UK and European licensing, bank accounts, and integrations
08 February 2018   359

BitPesa is an online payment platform that leverages Blockchain settlement aiming to lower the cost and increase the speed of business payments to, from and within sub-Saharan Africa.

On February 8 of 2018 BitPesa has announced that it acquires Transferzero, which is an online international money transfer solution for companies and the individuals in more than 200 countries.

BitPesa TransferZero announcementBitPesa announcement regarding TransferZero

Through the integration, the company plans to spead the licensing and bank accounts services wider to the Europe and United Kingdom.

BitPesa has the support of top-tier, institutional investors and a network that will help to bring TransferZero’s technology to the next level. With this support, we will be able to provide even more efficient transfers and user experience.

Luis Cambronero

former CEO of TransferZero, current MD at BitPesa

TransferZero headquarters will remain in Madrid, and will save the same brand name, but all of its employees will stay with BitPesa. The two companies working as one aim to explore regional and technological expertise together in order to accelerate month-to-month growth.

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   49

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100