Indian IT Company to Cooperate With Canadian Blockchain Institute

IT industry trade company NASSCOM has partnered Canadian Blockchain Research Institute to speed up the adoption of blockchain technology in India
27 February 2018   370

India’s National Association of Software and Services Companies (NASSCOM) is cooperating with Canadian government-backed Blockchain Research Institute (BRI) in order to educate Indian government organizations on blockchain technology. This is a part of a  Memorandum of Understanding (MoU) signed between this partners.

They will invest in fosters skillsets among developers domestically to further blockchain adoption and deployment in India. More than that, this cooperation will see case studies, joint webinars and other research sharing activities facilitated by the BRI.

There will be the 2-phase roadmap:

  • Phase 1 will introduce the Blockchain in India;

  • Phase 2 will involve the installation of a research institute to develop blockchain solutions in the country.

We need to understand it’s not a plug and play we can do tomorrow but there is huge potential in developing this world-class sustainable blockchain ecosystem in India, a move geared to enhance the industry body’s vision for a “digital economy.

Raman Roy

NASSCOM chairman

According to BRI co-founder Tapscott, they believe that India has the potential to lead the Blockchain revolution.

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.