Bitrefill to Unveil Thor Lightning Service

Thor allows people to connect to the lightning network whether they have  BTC or not
10 January 2019   587

Start-up for mobile phone refill Bitrefill introduced a allow people to give lightning channels to someone else with no setup on the recipient’s side. Lightning was created to allow cheaper, off-chain BTC payments.

Thor allows people to connect to the lightning network whether they have bitcoin or not. All you have to do is download one of the supported wallet apps, install it, and then either you or a friend can come to Bitrefill and purchase a channel opening.
 

John Carvalho

Bitrefill

The company intends to open channels for a period of up to 30 days with a capacity of 300,000 to 16,000,000 Satoshi.

Thus, all the technical work on opening and maintaining the channel will take place on the Bitrefill side.

Note that the service can be paid for using Bitcoin, Litecoin, Ethereum, Dogecoin, DASH or by Lightning payment.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   249

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.