Daily Crypto News 14.08.2019.

Google Cloud is Entering Into Another Partnership With a Blockchain Platform Cypherium

Cypherium announced the new partnership in a press release on Aug. 13. Cypherium describes its product, Cypherium Enterprise, as an enterprise-focused blockchain platform with a focus on scalability and decentralization. As a result of this partnership, Google Cloud customers will have access to Cypherium’s blockchain solutions, as per the announcement.

Furthermore, Cypherium purports to offer an enterprise blockchain that supports thousands of transactions per second, in addition to confidentiality and blockchain interoperability.

Cypherium CEO Sky Guo noted:

 

“We’re delighted to be collaborating with Google Cloud to provide enterprises with a full-stack solution to harness the potential of this paradigm-shifting technology. The growing demand in the market for DLT solutions in the financial industry and beyond drives our commitment to this collaboration.”

According to its website, Cypherium also uses a Turing-complete virtual machine written in Java to run its smart contracts. Since Java is so widespread, using this language for its smart contracts system lowers the barrier to blockchain adoption, they say.

According to the press release, Cypherium has also partnered with Amazon Web Services and IBM Cloud. (Positive)

Winklevoss-Backed Flexa Expands Crypto Payments Service to Canada

Payment solution  Flexa, which launched the U.S. edition of its SPEDN cryptocurrency wallet in mid-May, announced its Canadian expansion in an official blog post. Backed by cryptocurrency exchange Gemini, Flexa’s international movement is preceded by support for cryptocurrencies litecoin and zcash and the launch of an Android beta mobile app.

Functioning like a pipeline for commercial transactions, SPEDN processes regular purchases in cryptocurrencies like bitcoin, ethereum, bitcoin cash or native token flexacoin.

Today, SPEDN is now open to Canadians on both iOS and Android. The post claims 7,500 Canadian merchants will be on-boarded by early September.

With all funds insured and custodied by Gemini, Flexa says Canadian and U.S. users can use SPEDN in either country free of conversion fees or exchange rates issues.

Flexa co-founder Tyler Spalding said the payments processor plans on launching in a few more countries by the end of the year but cannot disclose the locations.

“Regarding the market, we anticipate considerable growth of ‘spendable cryptocurrencies’ like stable coins and loyalty coins over the next year that will drive consumer demand for spending,” Spalding said. “We are working with multiple projects and intend to launch many new coins on the network shortly. For now, we’ve been really impressed with the current communities and their repeated use of the SPEDN app, particularly litecoin.”

Canadian cryptocurrency exchange Coinsquare partnered with Flexa for the launch. (Positive)

Dallas Mavericks NBA Team Starts Accepting Bitcoin

On August 13, Dallas Mavericks have become the second NBA team to accept Bitcoin (BTC) as a means of payment for match tickets and merchandise.

Cryptocurrency adoption has been on the horizon for the Mavs since early last year, when team owner and billionaire tech investor Mark Cuban hinted that fans would soon be able to use Bitcoin to buy tickets to the team’s games.

A year and a half later, Cuban’s plans have materialized and the Mavs join their NBA rivals, The Sacramento Kings, in rolling out cryptocurrency access for their fans. 

The Sacramento Kings became the first NBA team to accept Bitcoin for promotional products as well as for tickets as early as 2014.

According to an excerpt from a Dallas Mavericks press release shared by industry sources on social media, the Mavs — like The Sacramento Kings — be using BitPay’s services to process their fans’ Bitcoin payments. (Positive)

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