1.Crypto Payment Processor PayBear Rebrands to Savvy
2.Blockstream Releases Test Code for Proposed Bitcoin Upgrade Schnorr
1.Crypto Payment Processor PayBear Rebrands to Savvy
PayBear, a Zug-based cryptocurrency payment processor claiming over 3,000 merchant customers, has rebranded to Savvy and announced the release of two products: an update to its core merchant API offering, Savvy Merchants, and a new multi-currency crypto wallet, called Savvy Wallet, the company said on Monday.
The rebrand comes at the time when the company, which says it has already processed over US$10 million worth of transactions, is expanding its offering outside of e-commerce and the merchant market, and into the consumer market.
Savvy said it will continue to develop and improve its core merchant offerings but also make further investments into “other areas representative of how cryptocurrencies are and can be used today.”
Savvy Merchant is delivered to customers via shopping cart integration including Magento, Opencart, PrestaShop, and WooCommerce, targeted at non-technical merchants who want to accept cryptocurrencies as a form of payment, and developer API. The solution is available to customers at no charge and zero fees with the option of settling in non-volatile assets like stablecoins as well.
2.Blockstream Releases Test Code for Proposed Bitcoin Upgrade Schnorr
Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream.
Blockstream has added a technology known as “MuSig” to its test cryptographic library, making it possible for developers to tinker with the Schnorr signature scheme and potentially find bugs.
Blockstream mathematician Andrew Poelstra writes:-“We’ve been turning MuSig from an academic paper into usable code, and this week we merged that code into secp256k1-zkp, a fork of secp256k1, the high-assurance cryptographic library used by Bitcoin Core.”
“As the bitcoin community is exploring the use of Schnorr signatures in bitcoin we hope that our code will eventually be merged into the upstream library secp256k1 used by bitcoin core and many other projects,” Poelstra added.
To that end, he invites developers to play around with the code, which can be found on GitHub and to give feedback.
