🚀 Revolutionizing Cross-Border Payments! 🚀
DX Xpress, Custodia Bank, and Vantage Bank have successfully moved programmable U.S. dollars across borders in seconds! 🌎💸
This collaboration introduces faster, cheaper, and efficient tokenized U.S. dollar payments to global supply chains.
“At DX Xpress, we are always in search for technology to accelerate our operations,” said Antonio Bazán, President and CEO of DX Xpress.
Jeff Sinnott, President and CEO of Vantage Bank, added, “We look forward to deepening our customer relationships by offering faster, programmable payments.”
Caitlin Long, CEO of Custodia Bank, noted, “We’re bringing corporate treasurers the global network effects of permissionless networks.”
Together, we're paving the way for a new era in cross-border payments! 🌐✨
#CrossBorderPayments #TokenizedUSD #Blockchain #Fintech #Innovation #DXXpress #CustodiaBank #VantageBank
Member FDIC
https://t.co/XOMgDk8Yhg
MILESTONE ACHIEVED: Mexico-based trucking company DX Xpress used #Avits to move US dollars cross-border within seconds & for pennies, achieving something not possible with incumbent USD payment systems. @Vantage_Bank & @custodiabank teamed up again. More👇
https://t.co/5bBYSoZy1v
BIG NEWS: @custodiabank & @Vantage_Bank have issued America's first bank-issued #stablecoin on a permissionless blockchain. First-ever tokenization of a U.S. bank's U.S. dollar demand deposits for a bank customer on a permissionless blockchain:
https://t.co/6hrBGGEouA
1/ WE TOOK TERRITORY by issuing the first bank-issued #stablecoin on a permissionless blockchain & it's not what you think. 🧵 below. The real impact is on #tradfi--yes, #crypto took regulatory territory, but #tradfi is the real story in what @custodiabank did w/ @Vantage_Bank.
BIG NEWS:@custodiabank & @Vantage_Bank have issued America’s first bank-issued #stablecoin on a permissionless #blockchain.
* First-ever tokenization of a U.S. bank’s U.S. dollar demand deposits on a permissionless blockchain.
* Both banks worked closely with their respective bank regulators to ensure the success of this first-of-its-kind project.
* The transactions deployed @custodiabank's patent, U.S. patent 11392906 (issued July 2022), for the tokenization of U.S. dollar bank deposits on smart-contract type permissionless blockchains.
* Test transactions included transfers by a bank customer of its AvitTM tokens into self-custody, transacting with its Avit tokens business-to-business outside the banking system & transferring its Avit tokens back to @custodiabank for redemption into U.S. dollar demand deposits.
* The banks collaborated on the mint, transfer & redemption of Avit tokens for a bank customer on the Ethereum mainnet using the ERC-20 standard.
* The banks complied with all applicable U.S. bank regulatory requirements, including BSA/AML/OFAC, which necessitated designing documentation, policies and procedures that differ from those of current stablecoin issuers.
Hear our CEO, @CaitlinLong_, tell @CNBC why @custodiabank's business is still going strong, why it's not giving up on a Fed master account, and how its business model is designed to remove #Herstatt risk from the traditional banking system.👇
https://t.co/nFtxSQqLLL
1/ BIG NEWS!! Custodia’s #Bitcoin custody platform recently went live. Custodia is a *BANK* built by Bitcoiners & we offer segregated (not omnibus) custody accounts on our custom-built Bitcoin custody platform. Our whitepaper describes how we're different: https://t.co/O6lgaWdSxK
1/3 This giveaway is a HOOT🦉
We're inspired by the creativity of our community and the #moonbirds flock caught our owl eyes. On May 5th, we'll be giving away 1 @moonbirds#NFT #3382 to a new or existing Gemini + @niftygateway user!
MUST RT this tweet + follow the rules to enter:
@DoorDash feature request - could we get a button meaning "I don't need any eating utensils or napkins"? Could reduce waste and slightly improve margins for restaurants. P.S. Love the service!
@celinehalioua I had the same experience. Using a standing desk intermittently completely fixed the issue for me. It's been 10 years and it still works for me.
AVANTI IS HIRING! Interested in joining the first digital asset custody bank in the US built on the backbone of a modern core banking platform? Several open roles--compliance associate + engineering & product roles too. Join us!🤠
https://t.co/blANUqgNEz
https://t.co/xp1NgrQmqd
Avanti is hiring! We're a US bank for #bitcoin. Hiring for senior software engineers with backend & blockchain integration experience. Contact: [email protected]@AvantiBT
@paulg I frequently wonder if some sort of sentiment analysis to filter out non-constructive tone would be an improvement. Not topical filtering - just exclude rage tweets. Free speech but restricted tone.
A #KlimaDAO summary. The goal is to increase the value of carbon offset credits in the global market by creating a black hole of buy pressure on chain. Verified carbon credits are brought on chain by the Toucan protocol as BCT tokens (base carbon tons).
@HappyAar @krisleslie @DeepMind DeepMind also benefits from the research produced by other labs. Making research infrastructure more accessible -> more research -> more papers -> more work they can potentially incorporate into their own.
Also, if they use this internally, they benefit from oss contributions.