Qtum might be partnering with Starbucks

Admin of the official Telegram Channel of Qtum cryptocurrency texted about the upcoming Qtum and Starbucks partnership, but no official statements were made yet
16 January 2018   1293

Qtum, a decentralized blockchain application platform capable of running Smart Contracts on multiple virtual machines, with Proof-of-Stake consensus, is supposedly partnering with Starbucks Corporation, an American coffee company and coffeehouse chain.

The message regarding the partnership was spotted by users of the official Qtum Telegram Channel, when the admin of the channel under the nickname QTUM-Mike confirmed that Qtum had a partnership with Starbucks, and more detalis would be coming soon.

Qtum and starbucks statement TelegramQtum and Starbucks statement in Telegram Channel

Nevertheless, no official statements regarding Starbucks partnership were made on Qtum website, or in its Twitter or Facebook accounts yet. As the users of Reddit.com and other forums suppose, Qtum will be working with Starbucks Korea division to launch a blockchain project, as it is useful for businesses like Starbucks to adapt such innovative technology. 

At the moment of press, these are main market parameters of Qtum:

  • Average price: $40,55
  • Marketcap: $2 992 710 791
  • 24h volume: $1 116 330 000

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.