Electroneum seals partnership with Quoine exchange platform

  Electroneum will be working with Quoine to gain regulatory acceptance by the JSFA
12 February 2018   670

Today Electroneum announced it has achieved agreement with Japanese exchange platform Quoine. For now Electroneum will be listed on Qryptos exchange. At the same time it will be working with Quoine to achieve regulatory approval of the Japanese Financial Services Agency. That would mean Electroneum will be accepted as a payment solution much faster.

Not only will it allow our users to deposit USD or EUROs to trade ETN, but QUOINE sponsoring us through the regulatory process with the Japanese Financial Services Authority will open up exciting new corporate opportunities.

 

Richard Ells

CEO of Electroneum

Quoine is a unique exchange platform as it has been approved by the same JSFA, considered to be one of the most secure and stable fintech companies in the world to deal with cryptocurrencies. On top of that, Deloitte Touche has officially accepted Quoine as its client.

On the other hand, a UK-based cryptocurrency Electroneum makes an interesting combination of a blockchain and cryptocurrency leveraging the omnipresence of mobile phones. It developed a suprising mobile app that allows any smartphone to act as a mining device.

Reddit users warmly welcomed this announcement:

u/Tweakly said “Great news guys! Etn is really making the push to establish itself as a real competitor for mass adoption and its being really successful :)”

u/uppermonsteN said “Fiat/ETN; great step to encourage adoption.”

u/ChiliChristin said “Oh wow - nice :)”

u/chameleonfocus said “Sweet! 1 of many who will follow.”

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   93

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.