NAFCU Joins Enterprise Ethereum Alliance

NAFCU became a part of global blockchain initiative
08 December 2017   1290

On December 07 The National Association of Federally-Insured Credit Unions (NAFCU), a U.S. trade organization, announced it has joined Enterprise Ethereum Alliance (EEA), a business-focused blockchain consortium. NAFCU is the first non-profit financial services trade association to join EEA.

NAFCU is pleased to be invited to join Enterprise Ethereum Alliance and we look forward to contributing to one of the world's leading blockchain technology initiatives. With this new partnership, NAFCU hopes to bring critical knowledge of blockchain technology to the credit union industry and create an innovative environment where NAFCU members can inform technology firms of what credit unions need most.

 

Dan Berger

President and CEO, NAFCU

EEA's members include more than 300 organizations in technology, financial services, government, healthcare, energy, pharmaceuticals, and a number of fast-growing Ethereum startups.

NAFCU's Cybersecurity and Payments Committee will also engage with EEA to discuss ways for credit unions to get directly involved with the blockchain community.

Recently, we reported that PetroBLOQ joined to Enterprise Ethereum Alliance.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.