RCN to give virtual land owners access to credit

Ripio Credit Network has partnered with Decentraland, a virtual reality platform powered by the Ethereum blockchain
19 December 2017   1286

Yesterday Ripio Credit Network (RCN), a global peer-to-peer credit network based, which are backed by Ripio, announced that it has partnered with a virtual reality platform powered by the Ethereum blockchain called Decentraland.

RCN partners

Recently RCN announced partnership with Aelf and FBG Capital to build a virtual Silicon Valley, where projects can form collaborative workspaces, hold Meetups, announce breakthroughs directly to their communities, connect with a global investor base, and interact with potential partners. It is stated that it will also serve as a hub for blockchain enthusiasts around the world.

We’re very excited to work with the RCN team. By integrating our services, Decentraland users will have newfound access to credit, augmenting their ability to invest in their virtual endeavors.

 

Ari Meilich

Project Lead, Decentraland

Decentraland users are already using cryptocurrency to purchase virtual land. Under the partnership, companies intend to find a way to give landowners access to credit, for instance using other digital assets as collateral, would allow them to expand their businesses and offerings at greater speeds.

Our goal is not just to build new standards in global credit services, but also to give birth to a global lending ecosystem that can connect people on any currency, no matter if they trade in the real or the virtual world. Our alliance with the Decentraland team is a huge step towards this objective.

 

David Garcia

SVP, Ripio Credit Network

The implementation of the RCN protocol into Decentraland is expected by the second quarter of 2018.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   555

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.