19 October 2017
visit www.avoka.com

Russia's Waves launches USD gateway

21 June 2017  |  3244 views  |  0 Source: Waves

The USD gateway is live within the Waves client. Waves users can deposit USD via the secure gateway, receiving in return a token that is 100% backed by dollar reserves.

This can be held, transferred and exchanged for other tokens quickly and at low cost, and withdrawn back through the gateway into the traditional financial system when required.

“Alongside EUR deposits and withdrawals, the USD gateway offers Waves users an easy way to move money into the blockchain ecosystem, enabling them to invest in tokens and ICOs with fiat. This was always one of the key propositions for the Waves platform: the ability to send and trade with fiat-backed tokens,” says Waves CEO Sasha Ivanov.

In due course, gateways for further major currencies will be added, opening opportunities to other areas of the world — including the Chinese market, with a CNY gateway. As with the EUR gateway, the USD gateway partner is Coinomat.

Verified tokens

In addition to the USD gateway, a number of other minor updates have been made to the latest client. These include adding a ‘verified’ check mark against the ZrCoin, CryptoPing and PrivateBANKX tokens.

“Users are reminded that, as an open platform, it is possible for anyone to create an asset on Waves — including those with names that duplicate official assets. Please do not trade a token unless you know exactly what it is. Although asset names can be the same, all tokens have a unique id number. Please check this with the token issuer if you are in any doubt. The green check mark is a shortcut to this, indicating that the token id has been verified by the Waves development team,” mentions Sasha Ivanov. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register now visit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15681 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8848 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7956 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7075 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6205 views comments | 6 tweets | 3 linkedin

Featured job

circa £250K total package
London

Find your next job