1.Top Korean Blockchain Platform Joins Celo Alliance
2.Bitstamp integrates Signet™ by Signature Bank Commercial Payments Platform
1.Top Korean Blockchain Platform Joins Celo Alliance
Klaytn, “the public blockchain venture of Korea’s Internet giant Kakao” has announced that it has joined the Celo Alliance for Prosperity “a strategic system of associations cultivating social effect and financial related incorporation” through using blockchain technology. The announcement is published via official Medium blog post of Klaytn.
We are excited to announce that Klaytn has joined the @CeloOrg Alliance for Prosperity, a mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain technology. Check out the blog for details! https://t.co/8U1lO3tek2
— Klaytn (@klaytn_official) May 8, 2020
As the new Alliance member, Klaytn joins other worldwide leading member associations including Andreessen Horowitz, Coinbase Ventures, and B12, to work in the direction of building an open monetary system that makes conditions of prosperity for all.
In particular, Klaytn will expand the usability of its token KLAY as well as secure the usability of Celo stablecoins. Klaytn will explore interoperability between the Klaytn and Celo platforms, and integrate help for its KLAY token on Celo’s ecosystem.
Chuck Kimble, the Head of Celo Alliance for Prosperity said:-
“We are excited to see Klaytn select Celo as the first external blockchain it will interoperate with. By building a bridge between Klaytn and Celo, Klaytn will expand its own ecosystem, and make it simple for people in Korea and across Asia to send and save with Celo.”
About Klaytn
Klaytn is a worldwide public blockchain platform created by Ground X, the blockchain partner of the main South Korean Internet company, Kakao. It joins the best highlights of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) by means of a proficient “hybrid” design. Klaytn is secured by participation from various highly-reputable brands around the globe, working together to make a dependable business platform on a vigorous system of decentralized trust.
2.Bitstamp integrates Signet™ by Signature Bank Commercial Payments Platform
Bitstamp “the world’s longest-running cryptocurrency exchange and one of the biggest by trade volume” has declared that it has become the first crypto exchange to integrate with SignetTM “Signature Bank’s commercial digital payments platform” via their new Application Programming Interface (API) gateway. The announcement is published via official News on Bitstamp.
Bitstamp stated :-
About Signet™
Signature Bank’s new digital payments platform, Signet™, is designed to empower real-time payments for its commercial clients only. The Signet Platform influences blockchain technology in its architecture, permitting Signature Bank’s commercial clients to make payments in U.S. dollars 24 hours a day, seven days a week, 365 days a year. Transactions made on the Signet Platform settle in real time, are protected and secure and acquire no exchange charges. Normally, on account of real-time payments, funds are transferred between two different institutions. With Signet, funds are transferred in real-time between commercial clients of Signature Bank
