#CryptoCorner: Coinfloor Joins with Enumis to Bring Banking to #Crypto Firms, Bitfury Partners with Mphasis to Streamline Financial Services in Trade, Barclays (NYSE: $BCS) Leads $5.5 Million Funding Round for #Blockchain Company Crowdz
#CryptoCorner: Coinfloor Joins with Enumis to Bring Banking
to #Crypto Firms, Bitfury Partners with Mphasis to Streamline Financial
Services in Trade, Barclays (NYSE: $BCS) Leads $5.5 Million Funding Round for #Blockchain
Company Crowdz
Point Roberts WA, Delta BC, May 29, 2019
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Stocks discussed: (NYSE:BCS)
UK crypto exchange
Coinfloor has joined electronic money institution (EMI) Enumis to bring banking
to crypto firms, according to a report from CoinDesk. Coinfloor will
receive payment from Enumis for referring said firms, provided they are
successful in securing banking services. Obi Nwosu, CEO, Coinfloor, said:
“Being insiders in the crypto space we are aware of
crypto companies operating as good and compliant custodians and so now we will
vet and review these and recommend them to Enumis for onboarding. I think
‘brokering’ is technically the wrong word, but we are working in partnership
with Enumis and introducing clients to the offering.”
Blockchain
technology company Bitfury and IT solutions provider Mphasis have announced a strategic
partnership to automate and streamline financial services surrounding global
trade. Using tokenization, the companies aim to increase the speed of
settlements and increase flexibility in liquidity management for financial
institutions. Valery Vavilov, Chief Executive Officer of Bitfury, commented:
“Bitfury is pleased to partner with Mphasis to improve
fragmented financial systems, helping to make global trade more efficient.
Using blockchain technology, we will create interoperable systems that deliver
the highest degrees of trust, transparency and security to this industry.”
Blockchain-based
invoicing firm Crowdz has raised $5.5 million in a
series A funding round led by Barclays Bank (NYSE:BCS) and investment
firm BOLD Capital Partners. The Crowdz technology enables clients to bring
greaters efficiency to invoicing and payment collection. Payson E. Johnston,
co-founder and CEO of Crowdz, said:
"While companies of all sizes can benefit greatly
from our global Invoice Exchange, we founded Crowdz with the goal of ensuring
that all small and midsize enterprises (SMEs) in particular have access to the
cashflow they need in order to survive and grow. Unfortunately, millions of these
companies - which account for 75% of global B2B commerce and which need invoice
financing the most - have long been excluded from the market. We are pleased to
have Barclays and Bold as our strategic partners as we accelerate this
journey."
Jens Weidmann, the
president of Germany’s Bundesbank – the country’s central bank – has warned
against the use of digital currencies, according to a report from Reuters. Weidmann, who is
on the European Central Bank’s Governing Council, cautioned that “easy access
to digital money could exacerbate bank runs in times of crises, leading to a
faster collapse of lenders” and that “easy access could increase volatility in
demand for the digital money”.
Sam Mowers, Investorideas
Read
other editions of the Crypto Corner
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