Digital Power Lending to Launch Cryptocurrency ATM Network

Digital Power Lending plans to launch a network of cryptocurrency ATMs to allow for the purchase and sale of cryptocurrencies along with cash withdrawals
29 January 2018   800

DPW Holdings, Inc., a diversified holding company, announced today that its subsidiary, Digital Power Lending, LLC plans to launch a network of cryptocurrency ATMs to allow for the purchase and sale of cryptocurrencies along with cash withdrawals.

We are very pleased to announce our development of a network of cryptocurrency ATMs which will be initially located in Southern California. Our goal is to build a national brand and network with multiple cryptocurrencies readily available for consumers.

 

William Corbett

The CEO and Manager of Digital Power Lending

The first ATMs will be installed in 5 hospitality locations associated with DPW Holdings, Inc. The ATMs distributed and managed by Digital Power Lending will focus initially on Bitcoin, Bitcoin Cash, Ethereum and Litecoin with other cryptocurrencies to be included later.

The company also announced that Digital Power Lending is still awaiting the completion of the review of its pending application for a California Finance Lender License and it has undergone a series of standard and customary questions and all corrections have been minor and procedural.

Digital Power Lending noted that the anticipated distribution of the ATMs may be subject to regulatory review or approval.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.