Daily Crypto News 16.10.2019.

Several Companies, Including Banks, are Interested in Joining the Facebook Project, Says Executive

Bertrand Perez, chief operating officer and interim managing director of the Libra Association, has  told CNBC in an interview published Tuesday that several companies, including banks, are interested in joining the Facebook-led stablecoin project, Libra.

He did not specify any companies, but said: “We have reputable companies that are also very active in the financial and banking space.”

Currently, no bank is part of the Libra Association, among its 21 founding members. Previously, the association had 28 members, including Facebook. But in recent weeks, 7 high-profile companies – Visa, Mastercard, PayPal, Stripe, eBay, Booking Holdings and online marketplace MercadoLibre – pulled out of the project.

Despite these departures, Perez is “confident” that the association will have 100 members by the time Libra launches. Given the intense regulatory scrutiny of the project, Perez admitted that the launch could get delayed. (Neutral)

XRP Ledger to Facilitate “Ultra-Fast” Trading of Traditional Stocks and ETFs

Cryptocurrency exchange CoinField has announced that it will enable “ultra-fast” trading of traditional investment instruments, such as stocks, ETFs, and fiat currencies, on Ripple’s XRP Ledger.

Coinfield CEO Bob Ras says that its new platform called “Sologenic“, expected to launch in 2020 will be capable of providing the service.

Overall, the tokenization of traditional assets has become a new hot trend in the cryptocurrency industry giving investors from all over the globe to trade, for example US stocks around the clock.

Ras also states that Sologenic would also help to drive cryptocurrency adoption.

“We’re making it easy for people around the world to have access to different global stock exchanges via the Blockchain. […]  Ultimately, Sologenic helps the mass adoption of cryptocurrency by allowing people to invest in stocks. It’s a WIN-WIN for everyone!”

The exchange uses its own fiat-backed Solo (SOLO) cryptocurrency in order to provide liquidity for trading. Major stocks and ETFs will be traded in the form of stablecoins against XRP and Solo on CoinField.

This platform will tokenize stocks on the XRP Ledger as demanded, allowing you to trade it against any cryptocurrency and spend in real-time anywhere. (Positive)

Miami International Airport Gets Its First Bitcoin ATM Machine

Bitcoin technology software startup Bitstop, headquartered in Miami, Florida, yesterday announces it has installed Miami International Airport’s first Bitcoin ATM. Through the ATM customers can now conveniently buy or sell Bitcoin for cash while traveling. The Bitstop Bitcoin ATM is located in concourse G next to gate 16.

This a strategic location for Bitstop, the first and largest Bitcoin ATM operator in Florida. Miami International Airport is the third-busiest airport in the United States in terms of international passenger traffic.

“We’re excited to be working with Miami International Airport on this historic deal,” said Doug Carrillo, Bitstop co-founder and chief strategy officer. “More and more people prefer to travel with Bitcoin instead of cash for convenience and security. Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when traveling domestically or abroad.”

Using Bitcoin ATMs has become one of the easiest ways to conveniently buy or sell small amounts of Bitcoin for cash. The MIA location marks Bitstop’s 40th Bitcoin ATM installation over the last two months and brings Bitstop’s total Bitcoin ATM count to 130 machines nationwide. The demand for Bitcoin ATMs has exploded and, as a result, Bitstop is on pace to reach 500 Bitcoin ATMs installed worldwide by the end of 2020. (Positive)

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