Trezor Suite should bring many improvements to make using your wallet an even safer, boundless experience. New users will be more comfortable, with advanced features made more user-friendly so everyone can take control of their coins.

SatoshiLabs will be hosting an AMA about Suite on the Trezor subreddit, on Monday 19th October from 17:00–19:00 CEST. Try Suite and prepare your questions for founders Slush and Stick, and Head of Product, Matej Zak.

Trezor Suite is Available as both a desktop standalone program and a browser app, Trezor Suite brings big improvements across its three key pillars of usability, security and privacy.

The old browser-based version, Trezor Wallet, will continue to work while the public beta is underway and will eventually redirect users to the Trezor Suite web wallet, including all the new features present in the desktop application.

With Suite, the Trezor experience is becoming more unified across devices, starting with this desktop version, which is compatible with Windows, Mac and Linux operating systems, giving you more flexibility in how you use Bitcoin.

There is also a Web version of Suite which works not only with Windows, macOS, and Linux but also with Android and Chrome.

What’s new in Trezor Suite?

The principled approach to Trezor Suite’s design makes it possible to integrate more sophisticated features without having to compromise in any key areas.

With Trezor Suite, every user should be helped to understand how and why to use all the tools available; security features must be as easy to use as possible so everyone can benefit from greater safety and convenience.

With Trezor Suite, more efficiency will be seen across the Trezor ecosystem, making it even easier to introduce and improve features built by Trezor Suite. Its  partners, and the broader community. Overall security is constantly being improved, while its methods remain transparent and auditable. This desktop version of Trezor Suite will be complemented by a mobile app which is currently in development and expected next year.

2.Cambridge Global Payments partners with Ripple to speed cross-border payments

Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, announced the commercial launch of its partnership with Ripple to deliver cross-border payment solutions to B2B customers. The partnership between Ripple and Cambridge, will optimize payment delivery using RippleNet, Ripple’s global payments network.  Cambridge announced on Oct 14, 2020.

During the pilot phase of the partnership, deposits to vendors who used preferred banking partner Siam Commercial Bank saw a 99% reduction in time to payout with RippleNet compared with other providers – a significant drop from the current average of two days.

Mark Frey, President, Cambridge Global Payments said :-

“We entered into the relationship with Ripple because it presented Cambridge a great opportunity to use distributed ledger technology to reduce the amount of time it takes for customers to pay their overseas vendors,” . “By expanding this relationship, we broaden our reach into the Asia-Pacific region, while providing customers the rapid payment delivery they expect.”

A recent study from Juniper Research indicated the total value of B2B cross-border payments will jump to $35 trillion USD in 2022 from a COVID-related low of USD $27 trillion in 2020, a cumulative growth of nearly 30%. The traditional global payments systems involve many intermediaries—which can slow down payments and introduces a higher margin for error. Additional lag-time can impact SMEs’ ability to and grow and scale their business. New technologies like RippleNet that can reduce lag-time are key to tapping the growing cross-border SME B2B payments market.

3.Singapore FinTech Company, STACS, Co-Develops Blockchain Platform with EFG Bank

Hashstacs Pte Ltd (also known as “STACS”), a Singapore FinTech company focusing on Blockchain technology solutions for financial institutions, announced its partnership with EFG Bank (“EFG”) to co-develop a Blockchain platform that will enhance and simplify the processes of structured products. STACS  announced on Oct 14, 2020.

“Project Nathan — Smart Structured Products”, a collaboration between STACS and EFG, uses Distributed Ledger Technology (DLT) to automate and manage the entire lifecycle of a structured product. The Nathan platform comprises the underlying STACS Blockchain and smart contracts, and a business application with an intuitive user interface.

For this project, STACS was awarded the Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 2 March 2020, under the Financial Sector Development Fund administered by Monetary Authority of Singapore (“MAS”), which provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.

Project Nathan achieved many milestones through close collaboration work between STACS and EFG. It is currently in its first phase, where STACS worked with EFG to remodel the workflows involved in a structured product transaction, facilitated the internal efficiencies between various EFG departments involved in structured product transactions, as well as looked at the usage of smart contracts to automate aspects of trade inception and trade servicing.

With recent trends of blockchain adoption in the capital markets, STACS serves as a complete solutions partner. By co-developing a Blockchain platform with EFG, STACS has provided a model for market participants, providing them a solution for industry pain-points highlighted by the participants. STACS also provides a full suite of platforms covering different services in various live implementations with multiple stock exchanges and commercial banks in both the EU and Asia.

This is an exciting time in the FinTech world as it see a growing number of institutions looking at Blockchain, and EFG has taken the lead to adopt this innovative approach to structured products.