Abra Now Supports Direct Deposits And Withdrawals Of Ether

It has been reported that the Abra, a cryptocurrency wallet provider will now allow direct deposits and withdrawals of Ether on their wallet application.

The previous iteration of its application only allows deposits via U.S. based bank accounts, American Express Cards, Bitcoin (BTC), bitcoin cash (BCH) or Litecoin (LTC).

Then they can convert this into a synthetic Ether which means it will just indicate that the users are holding Ether but in reality they are just getting exposure to Ether’s price movements without really holding the asset.

According to Abra’s vice president of product, Willie Wang, this is only the beginning as they plan to offer native deposit and withdraw support for other ERC20 tokens listed in Abra.

To entice users into the platform, Abra is offering $25 worth of ether to new users who buy at least $5 of the cryptocurrency from its app which will run through March 31, 2019.

Hundreds Of Institutions Interested In Crypto Investment According To Fidelity Exec

Wall Street financial giant Fidelity has recently launched its crypto-related services and the long-awaited institutional herd may finally be arriving.

According to Tom Jessop, the head of Fidelity Digital Asset Services (FDAS), they have soft-launched its services to a small audience of qualified client investors.

The platform is currently centered on custodial services and trade executions supporting only Bitcoin as plans to support Ethereum is delayed due to the recent network upgrade.

The release of the digital assets platform of Fidelity is widely seen as a monumental step in the right direction when it comes to institutional players in the crypto sphere.

While Wall Street giants are already dipping their feet on the nascent industry pundits argue that there is still a missing piece before institutional players come marching in.

Many experts believe that before institutional investors starting investing heavily on the emerging asset class regulatory clarity must be in place.

For any nascent market to thrive they will need to gain the approval of the government.

Globitex Launches IBAN-Enabled Euro Wallet

A new revolutionary electronic wallet has been launched which will revolutionize the interaction of traditional financial system and cryptocurrencies.

The new wallet is called the Euro Wallet, a crypto banking solution with instant transfers.

It allows users to make and receive EUR payments on personal IBAN accounts like any other EUR bank account.

The Euro wallet can be accessed via Globitex.com cryptocurrency exchange platform which give users seamless transactions and EUR under their full control which is an unrivalled functionality on the market.

According to Globitex CEO, Uldis Teraudkalns, they have created the EURO wallet with the aim of being the market leader in terms of convenience, security and compliance.

The main features of Euro Wallet includes: Personal IBAN account, SEPA transfers, instant EUR deposits and withdrawals and funds kept at a European central bank.

North American Seafood Giang To Use Blockchain To Improve Its Supply Chain Traceability

According to news reports, one of the largest seafood providers in North America, Bumble Bee Foods will be using the SAP cloud platform blockchain to track its supply of yellowfin tuna.

This was revealed by a press release by the Enterprise Application Software Company SAP last March 8, 2019.

The platform will use a permissioned blockchain which will track the origin and journey of Bumble BeeFoods’ Natural Blue by Anova yellowfin tuna.

With this platform a customer can scan a QR code printed on the packaging of certified ahi tuna steaks and instantly receive information about the fish’s journey from where it was catch to the market it is being sold.

This was to ensure the authenticity, freshness, safety, fair trade fishing certification and sustainability of the catch.

Bumble Bee Foods CIO Tony Costa hopes that with the use of the platform it will be able to build trust in its products providing assurance that their fish is fresh and it has been sourced fairly according to our commitments to the International Seafood Sustainability Foundation.

HSBC Looking For Banking Partners In South Korea For Its Blockchain Platform

The Hong Kong Shanghai Banking Corporation (HSBC), the 7th largest bank in the world is looking for banking partners in South Korea in order for them to launch their blockchain platform in the country.

The platform is called Voltron which is described as a platform the enables companies to process and settle their trading invoices via blockchain.

The solution was released October of last year by a blockchain consortium R3 and eight banks which includes HSBC and Standard Chartered Bank.

Joshua Kroeker HSBC’s Innovation Director on Blockchain states that the bank is planning to launch the platform commercially and would like to find local partner banks to collaborate on the development and to share the cost of launching it.

The use of the platform will enable banks to process trading papers which normally takes 5-10 days and in some cases as long as 30 days in just one day, increasing operational efficiency which in turn may translate to cost savings and more business for the bank.

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