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Jimmy Song to Train Devs in “Platypus Labs”

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Jimmy Song, is a Bitcoin developer and venture partner at Blockchain Capital, and recently he has showed his plans for a new initiative called Platypus Labs that will focus on educating cryptocurrency developers.

Jimmy Song: Platybus Labs

The initiative will move towards educating developers to work with Bitcoin Core, however it could eventually go bigger and cover other cryptocurrencies.

Blockchain Capital will fund the education endeavor, as Song sees their position in the Blockchain “ecosystem” as “having a connection to a lot of different companies while maintaining independence.”

Song told the Cointelegraph:

“Part of my joining Blockchain Capital was to provide value to the Bitcoin ecosystem. After some extensive conversations about what would make sense for us to do that would make my involvement a win-win, we came up with a Labs concept as a way in which we could provide a lot of value to the ecosystem, our portfolio companies and to ourselves. To be perfectly honest, a lot of the ideas for how to run the labs came from listening to the developers and companies and seeing what they thought would be good.”

When asked about taking the project globally, Song said:

“I’m really hoping for more entrepreneurs to step up and take on the challenge! Obviously, I’ve got my own seminars to help in that way, but a lot of what I’m hoping for is for the ecosystem to grow. There is a lot of profit to be had for educators in this space. What exactly that will look like, I don’t really know. I suspect that a lot of innovation will take place in the Blockchain/Bitcoin education space because there’s such a great need.”

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Cryptocurrencies

R3 Blockchain Partnerships

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A new project that includes R3, a Blockchain consortium made up of over 100 financial institutions, trade finance platform TradeIX, and a group of leading global banks have recently announced the launch of a new trade finance platform this Wednesday.

R3 Blockchain Alliance

R3

According to a press release the solution is based on R3’s distributed ledger tech, Corda. The idea of the initiative, which is  being called Marco Polo, consists in developing a “fully interoperable” open-source trade finance network which will eliminate or at the very least make things easier for existing paper processing across the supply chain.

Ivar Wiersma, head of innovation at ING Wholesale Banking said that the concept viability has already been proven during testing in cooperation with ING, BNP and Commerzbank,

Connie Leung from Microsoft said:

“The industry has been looking for solutions to simplify and digitize trade, making supply chain ripe for the benefits of blockchain technology.”

The foundation of a Legal Center of Excellence was also a part of an announcement on Tuesday which aims to educate attorneys about Blockchain technology.

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Cryptocurrencies

Robinhood Zero Fee Trading Live!

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The Robinhood mobile trading app has just gone live with its zero-fee Bitcoin and Ethereum trading for the first users of its platform on Thursday, February 22, according to the company’s blog.

Robinhood

The first users to get access to the commission-free platform are customers located in the US states California, Massachusetts, Missouri, Montana, and New Hampshire. The platform stated that the application will be rolled out gradually with support for “many more states” coming “later.”

The platform currently supports the monitoring for prices of 16 types of cryptocurrencies.

The company also claimed that it is moving “to operate this business on break even basics.”

The transaction volume has already reached over $100 bln which is a very good start. Besides the recent trading launch the company also released Robinhood Feed which will allow crypto investors to discuss cryptocurrency markets, trends, new technologies and news online.

We will see if they manage to complete their objective, which is bringing as many new users as possible.

 

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PayPal’s John Rainey on Bitcoin’s Popularity

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According to a recent interview with The Wall Street Journal, PayPal’s chief financial officer, John Rainey, spoke very highly of Bitcoin, and he is very sure that Bitcoin will end up being very popular in the future.

John Rainey From PayPal Praises Bitcoin

In a section of the interview called, “Тhe crypto factor,” Rainey stated that PayPal was one of the first companies to include Bitcoin on their Braintree platform back in 2015.

Rainey said:

“Given the volatility of bitcoin right now, it’s not a reliable currency for transactions because if you’re a merchant and you have a 10% profit margin, and you accept bitcoin, and the very next day bitcoin drops 15%, you are now underwater on that transaction.”

When asked about Bitcoin’s popularity in the future he told the WSJ that there is “a very high likelihood” of that happening:

“The technology, there is real merit to it. I do think, though, it will be years down the road before we see the kind of ubiquity and acceptance that make it a form of currency that is used every day.”

Just like many others, co-founder of PayPal Max Levchin stated back in December that while he believes Blockchain technology is revolutionary, he hasn’t “figure[d] out” where he stands on Bitcoin’s future just yet.

The crypto wallet and exchange platform Coinbase, recently welcomed former PayPal executive David Marcus to its team last December.

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