News Update: 11/05/20

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                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.



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.


Top Korean Blockchain Platform Joins Celo Alliance



 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 :-

“By integrating with Signet’s API, Bitstamp has extended the accessibility of nonstop , near-instant transfers to a greater range of its institutional clients. The solution allows Bitstamp’s institutional customers to transfer USD to and from the exchange in real-time 24/7, with clearing and settlement completed within seconds. “

Signature Bank is a New York-based full-service commercial bank.  Signet depends on a private execution of the Ethereum blockchain, which empowers institutions to move money by settling transactions using Signet tokens.


Bitstamp integrates Signet™ by Signature Bank Commercial Payments Platform


By integrating of its  crypto trade with Signet, Bitstamp and Signature Bank are furthering this  goal-oriented, to the mutual benefit of its customers.


Bitstamp also recently became the first exchange to help transactions with one confirmation on Fireblocks, a platform empowering quicker  and more secure cryptocurrency transactions for institutions.


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


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