MoxyOne launched its ICO

Blockchain-based startup aims to close the gap between physical and digital assets by designing a debit card infrastructure with full cryptocurrency support
15 March 2018   809

On March 14 debit card infrastructure startup MoxyOne announced its ICO launch. The startup is notable for its wallet system; it allows the clients to pay with cryptocurrency at a retail shop (be it online or physical) and to withdraw fiat from ATMs wherever they are. Basically, any cryptocurrency can integrate MoxyOne into its platform, MoxyOne in turn will create a synergy between blockchain and payment networks so that any token would get exchangeable into fiat. This is a unique concept and all the existing blockchain platforms need to do is to white label MoxyOne.

As it stands now there is a disconnect between digital and physical currency. MoxyOne will serve as a transformative step in the future of the cryptocurrency community, allowing anyone to access their funds and apply them to real-world purchases by utilizing our reliable blockchain network and partnership with cryptocurrency exchange COBINHOOD, we are confident that we will find success in connecting these two worlds.

 

Mo Abbas

Co-Founder and Lead Developer, MoxyOne

The ICO is organized in such way that a smart contract is linked with the MoxyOne token's (SPEND) ticker and it creates coins by means of transactions of Ether. This way there will be no tokens to be distributed when ICO finishes. Moreover, a recent partnership with aforementioned COBINHOOD was reported: the exchange will provide sponsorship for SPEND token.

The hard cap is set to 50 mln tokens, all the raised funds will be directed to the platform's further development. The launch of usable debit cards with partnering digital currencies is set to Q3 of 2018.

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   53

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.