First Blockchain Startup Accelerator launched in Europe

Chain Accelerator has combined many industry veterans in order to cater its clients: a startup is aimed towards the nascent yet booming sector
18 June 2018   1121

The startup is based in Paris and has joined 30 veterans from tech and financial spheres, that envolves names like Hyperloop Transportation Technologies’ chairman Bibop G.Gresta, SWIFT’s former CEO Leonard Schrank, Ledger’s president Pascal Gauthier, etc., in order to enforce the growth of the new blockchain companies.

At a time when the President and the Government want to make Paris, the capital of the ICOs, Chain Accelerator is positioning itself as a key player. By setting up a global and operational network in Paris, it brings together the best talent, extends the circle of contributors, and prepares for disruptions to help blockchain projects develop protocols in all sectors.
Nicolas Cantu
Co-Founder, Chain Accelerator

Applying its co-working with industry veterans, Chain Accelerator is to propose a wide range of services to its customers including technical prototyping, business development, recruitment, marketing and public relations, funding guidance, ICO support, and “token economy” consultatory.

This year ealier, French regulatory agency passed its intention to engage the blockchain companies in the country by creating a regulatory framework for ICOs. It was resulted by a large tax cut by the government for cryptocurrencies which diminished the taxes from 45 percent to 19 percent.

In France, as everywhere in the world, blockchain projects face many uncertainties and complexities, whether financial, legal, or technical. Yet, this technology will revolutionize our daily lives. As such, it is essential today to have both a legislative framework enabling its full development and structures enabling the emergence of such projects. Our country must become a leader in the blockchain. I am convinced that Chain Accelerator - the first blockchain incubator - will contribute greatly to this.
Pierre Person,
Member, National Assembly, Paris

Chain Accelerator has already begun to set an impact in the blockchain startup market, and during 6 months of its incubation period, it is already supporting 13 startups.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.