Publicly-backed XREX raises $17M to solve dollar liquidity issues through blo...
Blockchain technology is being posited as a potential solution to U.S. dollar liquidity issues in emerging markets. Blockchain fintech company XREX has concluded a $17 million pre-A investment round led by a consortium of global investors, underscoring heightened institutional demand for crypto-focused startups. The consortium was driven by CDIB Capital Group, a publicly traded company in Taiwan, and includes investors from major banks and venture capital firms in North America, Europe and Asia. Several other publicly listed companies also participated in the investment round, including....
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Bitcoin will become more stable and liquid when regulatory certainty is in place, Bridgewater’s director of investment research argued. A senior analyst at asset management firm Bridgewater believes that regulation could potentially make Bitcoin (BTC) a good asset for institutional investors.Bridgewater director of investment research Rebecca Patterson claimed that regulatory certainty around Bitcoin would solve some of the cryptocurrency’s biggest problems associated with high volatility and low liquidity.In a Feb. 24 interview with Bloomberg, Patterson said that issues like volatility....
Benson Samuel is the CTO & Co-Founder of Coinsecure, a start-up focusing on solving the liquidity problem of bitcoin in India. Following a career in the payments space, Samuel realized that cryptocurrency could solve many of the issues that plagued the industry and took an instant liking to bitcoin. With his newfound passion for bitcoin, Samuel found a critical problem early on, which was the lack of liquidity for bitcoin in the Indian market. This eventually led to the founding of Coinsecure- a bitcoin exchange which hopes to make bitcoin a part of every Indian’s wallet. CoinTelegraph:....
To actually solve the problem of receiving funds without having secured liquidity from someone else's node requires protocol-level changes.