– Venezuela’s President Nicolas Maduro announced the official launch of the national cryptocurrency petro
– The Enterprise Ethereum Alliance and Hyperledger have become Associate Members within each other’s organization
– Ripple’s xRapid solution is now commercially available
– Bithumb announced its plans to launch a global decentralized crypto exchange
– TD Ameritrade will invest in a derivatives exchange ErisX, which will allow clients to trade cryptocurrencies
During a recent TV appearance Venezuela’s President Nicolas Maduro announced the official launch of the national cryptocurrency petro.
New info about petro was released as well:
– Petro should be available on 6 major crypto exchanges since the beginning of October.
– The official wallet for petro can be downloaded from www.petro.gob.ve, it ia also available in Google Play.
– Petro’s new version of white paper states that the cryptocurrency is backed 50% by oil, 20% by gold, 20% by iron, and 10% by diamond assets. It was previously assumed that petro would be backed 100% by oil.
– Venezuelan Government will promote and encourage the use of petro, with the objective of positioning it as an investment option, savings mechanism and means of exchange with public services.
– All Venezuelan oil and gasoline should be sold for petro.
The Enterprise Ethereum Alliance (EEA) and Hyperledger announced they have become Associate Members within each other’s organization in order to support and accelerate mass adoption of blockchain technologies.
Ripple announced xRapid solution, which uses cryptocurrency XRP to carry out international transactions, is now commercially available.
“xRapid eliminates the need for a pre-funded nostro account when executing a cross-border payment. It sources liquidity from XRP on exchanges around the world. As a result, cross-border transactions occur in minutes and at a lower cost compared to traditional methods, which take days and incur high foreign exchange fees,” says official press-release.
Bithumb, one of South Korea’s biggest cryptocurrency exchanges, announced its plans to launch a global decentralized crypto exchange.
Unlike existing centralized exchanges, a decentralized exchange dosn’t store crypto assets and enables users to trade between their cryptocurrency wallets via an automated process.
The U.S. brokerage firm TD Ameritrade announced a strategic investment in a derivatives exchange ErisX, which will allow clients to trade cryptocurrencies.
According to Bloomberg, ErisX platform will let investors trade Bitcoin, Ether, Bitcoin Cash and Litecoin, as well as futures contracts on cryptocurrencies. The futures will be physically delivered, which means when the contracts expire, owners will be given the underlying cryptocurrency, not cash.