µRaiden: off-chain micropayment solution for Ethereum

The Raiden Network has announced µRaiden: an off-chain micropayment solution using Ethereum
20 September 2017   2166

The Raiden Network team has announced µRaiden, an off-the-shelf micropayment solution, based on Raiden technology, that will streamline many existing payment channel systems for a variety of use cases, as reported by ethnews.com.

Thus, according to the report, µRaiden (Micro Raiden) is a ready-to-go system that is set to revolutionize ERC20-based micropayments. It is also mentioned that while the larger Raiden Network will utilize bidirectional token payment channels to connect users together, µRaiden will employ unidirectional payment channels. This functionality will allow system participants the convenience of pay-per-use transactions. 

Applications that encourage recurring customer payments or even micropayments can greatly benefit from a µRaiden setup. Examples include paywalls for news articles, pay-per-request APIs, micropayments for storage, bandwidth, and computations, livestream tipping, etc.
 

The Raiden Network team

Notably, µRaiden is going to be used as a distinct entity within the larger Raiden Network to pay auxiliary contributors for their services, such as monitoring channels or finding paths.

Demonstrations of µRaiden’s technology are currently available on Ethereum’s Kovan testnet. On top of that, “µRaiden is currently undergoing an external security audit and will be ready to use on the Ethereum mainnet very soon.” 

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   120

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.