DigitalBits

Global Digital Assets (GDA) Merchant Bank Founder Michael Gord Joins DigitalBits Foundation As Managing Director

jyoon — Thu, 25 Jun 2020 21:42:31 +0000

The founder of GDA Capital and MLG Blockchain Michael Gord has been appointed to the position of Managing Director of the DigitalBits Foundation, the organization announced today.

The formation of the DigitalBits Foundation will facilitate further development of the DigitalBits ecosystem through both financial and non-financial assistance to qualified entities and projects within the DigitalBits community, with a focus on innovation and accelerated growth, the announcement said.

Fireblocks Network Adds DigitalBits, Brings Enterprise-Grade Security to Branded Cryptocurrencies

jyoon — Thu, 28 May 2020 00:38:48 +0000

DigitalBits, a blockchain protocol and network layer designed for consumer digital assets, is being added to the Fireblocks Network, the most secure digital asset transfer network for institutions, to deliver a safe and scalable infrastructure for the storage and movement of XDB tokens. Integrating the DigitalBits blockchain with the Fireblocks Network enables enterprise-level security support for branded cryptocurrencies.

Merchant Bank Global Digital Assets (GDA) Joins DigitalBits Ecosystem

jyoon — Fri, 01 May 2020 05:17:34 +0000

Merchant Bank Global Digital Assets (GDA) is joining the DigitalBits ecosystem, the company announced today. The goal of the partnership is to further enterprise adoption for branded cryptocurrencies. GDA is the first North American merchant bank to focus on blockchain and digital assets. It will provide the infrastructure for consumers, merchants, brands and payment providers to benefit from branded cryptocurrencies, including branded stablecoins.

KuCoin Announces Launch of Enterprise Currency Desk

jyoon — Wed, 15 Apr 2020 19:47:47 +0000

On April 15, 2020, Kucoin, an IDG-backed global crypto exchange, announced the launch of its Enterprise Currency Desk (ECD). The ECD will function as a turn-key solution for enterprise-grade adopters to easily acquire digital assets and support their respective blockchain use-cases.
DigitalBits will be one of the first blockchain protocols leveraged by Kucoin’s ECD. This is a natural choice with DigitalBits having already taken significant strides towards the development of branded cryptocurrencies and branded stablecoins. Brands and enterprises will be able to use this service to drive efficiencies as they venture into blockchain.

KuCoin, DigitalBits Partner to Launch OTC-Desk Spin-Off

jyoon — Wed, 15 Apr 2020 01:13:34 +0000

KuCoin, a well-known crypto exchange, has partnered with DigitalBits for the development of its enterprise currency desk (ECD).

Announced on Wednesday, the ECD solution is more of a spin-off from the traditional over-the-counter (OTC) desks and will cater to enterprise clients.

IDG-Backed Crypto Exchange KuCoin Launches OTC Desk for Enterprises

jyoon — Wed, 15 Apr 2020 01:11:00 +0000

Singapore-based cryptocurrency exchange KuCoin has teamed with DigitalBits, a blockchain protocol layer focused on branded crypto assets, for the launch of what it calls a new kind of OTC desk.

Bailouts, CBDCs and Branded Currencies Tangible Solutions Amidst Global Crisis

jyoon — Tue, 14 Apr 2020 01:31:28 +0000

Branded currencies, an asset category that DigitalBits has been hyper-focused on, was considered among other tangible solutions blockchain technology could be leveraged for in response to current economic conditions. COVID-19 has had widespread negative impacts, in times of economic downturn consumers have historically turned to branded currencies in order to stretch budgets. Further to this, DigitalBits has been active in the development of branded stablecoins, an emerging asset category that will allow for more efficient payments and transfers, as well as the better intake of consumer information, allowing for catered programs and promotions as consumers seek to maximize value.

Second Generation Stablecoins Drive Next Wave in Crypto Adoption

jyoon — Fri, 10 Apr 2020 00:07:57 +0000

Following the wax and wane of the 2017 bull run and subsequent 2018 crash, blockchain has found itself at an impasse. One impediment in particular is the lack of real-world adoption. Despite significant institutional interest, billions of dollars in value, and no shortage of proposed applications, the actual use of blockchain technology remains low. Many cryptocurrency “users” are more or less traders that jump arbitrarily from one digital asset to another – few of which are used for anything besides trading. Where is this decentralized token economy of the future?

Branded Stablecoins Can Introduce Cryptocurrencies to Everyday Consumers

jyoon — Fri, 10 Apr 2020 00:04:55 +0000

Technology should be easy, seamless, and able to provide value to the end consumer without changing learned behavior.

The blockchain industry stands at a crossroads where superior technology lacks real-world utility. Despite Satoshi initiating a decentralized revolution, billions of dollars flowing into cryptocurrency markets, and extensive institutional interest, actual utility remains low. The realm of blockchain more resembles a developer playground than a utopian digital economy. How do we cross the chasm of blockchain adoption?

KuCoin Exchange Lists DigitalBits (XDB)

jyoon — Thu, 02 Apr 2020 01:03:57 +0000

DigitalBits is a protocol layer blockchain focused on supporting consumer digital assets, specifically branded currencies. This is inclusive of assets such as loyalty and rewards points, gift cards, and notably, the growing asset category of branded stablecoins.

Today’s economies are heavily reliant on stability, the lack of which has proven a hindrance to blockchain adoption. Fiat currencies, such as the US dollar, allow users to effectively price goods and services, store wealth, and make sound financial decisions. By combining the stability with blockchain technology, stablecoins look to be the next big wave in blockchain innovation, and could be the catalyst to the mass adoption of blockchain and cryptocurrencies.