Financial Services Industry to Spend $1.7B on Blockchain

Banks and other companies are moving from the proof-of-concept stage to the commercial use of technology
13 June 2018   696

The financial industry spends annually about $ 1.7 billion on solutions based on distributed ledger technology (DLT), according to Bloomberg.

Banks and other companies are moving from the proof-of-concept stage to the commercial use of technology.

Last year, the cost of blockchain increased by 67%. And every tenth company reports spending of more than $ 10 million. The study also notes that in 2017 the number of employees working on the blockchain projects has doubled.

Despite the fact that in recent years the attention of companies providing financial services has focused on DLT, not all of them have been able to implement the technology in their activities.

More than half the executives we interviewed told us that implementing DLT was harder than they expected.

Richard Johnson

Vice president, Greenwich Associates Market Structure and Technology.

Despite this, it is expected that more than three quarters of projects under development will be successfully implemented in the next two years

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1025

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”