London Block Exchange on Blockchain Technology


London Block Exchange (LBX) platform operation company:- is a decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the blockchain and its own cryptocurrency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world. And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more London Block Exchange P2P Platform (LBX) is our third product by participants in a direct peer-to-peer (P2P) ecosystem.

The London Block Exchange(LBX) is a UK-based cryptocurrency exchange built to help consumers and institutions in London and across the United Kingdom to join the digital money revolution.

The LBX is launching a Visa card, the Dragoncard, that will allow users to spend their bitcoin savings. The card, designed to overcome a key drawback of bitcoin that it is not a widely accepted form of payment, will convert holdings in bitcoin and other cryptocurrencies to pounds and allow users to conduct day-to-day transactions as though with a credit/debit card.

When a user makes a transaction using the Dragoncard, LBX pays the merchant in pounds and withdraws cryptocurrency from the user's wallet and converts it into pounds. LBX charges a 0.5% fee for processing the payment. While there have been other companies to launch bitcoin cards, LBX is the first to introduce a card for all major cryptocurrencies. The exchange has been provisionally approved by the Financial Conduct Authority, the UK's financial regulator.

LONDON BLOCK EXCHANGE CREATES NEW GBP STABLECOIN

Another entrant into the stablecoin market has emerged this week with The London Block Exchange (LBX) announcing its new virtual currency linked to the UK pound.

According to LBX’s CEO Benjamin Dives, the LBX-Peg coin, which has already been nicknamed the “cryptopound” will be backed by reserves of Pound Sterling and will be minted within the next ten days.

UNDISCLOSED BANKING PARTNER

The identity of the company’s banking partner remains undisclosed, with LBX claiming that the bank that will be responsible for holding the necessary one-to-one reserves to underpin the value of its new coin.

A London-based cryptocurrency exchange that opened in November last year, LBX provides Over The Counter (OTC) trading services as well as an educational College of Crypto department to teach newcomers about the industry.

In a blog post LBX explained the “cryptopound” will initially be an ERC-621 token on the Ethereum blockchain but may “…also be issued on other blockchains where compliance controls can be maintained.”

Speaking in an interview with Business Insider, Benjamin Dives said “The primary use case will be settlement for OTC trades in the London market, then commonwealth exchanges where they don’t have fiat banking, and then securities tokens who want to pay dividends in a cryptopound.”

The stablecoin market is certainly proving popular as the latest publication from blockchain.com proves. In its State of Stablecoins report, it claims that there are now approximately 57 fiat-backed crypto-coins in existence – although only 39% of these currently have any kind of circulation.

Some stablecoins – notably Tether – have aroused controversy in recent months, with some critics raising concerns around auditability and trust. Tether itself was delisted by Digifinex in mid-September. 

London Block Exchange (LBX) and DADI Decentralized Web Services Partner


The London Block Exchange (LBX) a cryptocurrency and bitcoin primary exchange announced the partnering of them and DADI. The decentralized DADI is a web-based platform, providing various services operating on the Ethereum Blockchain. The two companies are working together to create a blend of creative expertise, complimenting each other – with LBX giving the fiat transfer gateway needed to get customers currency in or out, while DADI Network makes it available for them to use dApps like API, Web and CDN to be used on the LBC ICO Website.

Through listing DADI Token, LBX will empower real world conversions of fiat currency and DADI for users who need to buy services from their network – providing an easy to open door to bring the platforms to mainstream businesses.

Throughout the nearing ICO happening in August – LBX is going to be using three different dApps which are considered vital to the DADI platform – DADI API, DADI Web, and DADI CDN. The applications are used for optimizing delivery performance throughout the LBC ICO, then give the company the ability to explore the benefits associated with using DADI tech on their exchange.

They’re happy to be working with the London Block Exchange to deliver endless transaction for DADI network users and support the English talent pool. DADI tech will be used to provide power to another ICO, once the success of their own is a bonus of sorts. The teams are said to be looking forward to working with each other.

LBX is excited to be working in conjunction with the UK’s biggest leaders in the startup tech seen, showing that their technology can hold up in the environment. Through the offering about to take place, the first DADI-GBP pairing, they can help stimulate the growth of their organizations in new markets for both companies, institutional and retail customers will both love the new utility token apparently.

(LBX) Opens LBXPay as New Crypto Payment Account

LBXPay – LBX’s New Crypto Payment Account

On October 10, the London Block Exchange (LBX) announced the launch of their new digital currency payment account called LBXPay. The role of LBXPay will be to act as a platform through which small enterprises and ICOs can store, manage and transfer both fiat money and digital assets.


About LBX

The London Block Exchange is the pioneering crypto exchange platform that exclusively serves the UK market. Its services are reliable, safe and simple, and are accessible through the web or via the mobile app. Currently, LBX supports 12 digital currencies and plans to add more in the future.

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Author: indopool
ETH0x253a402762461AC42D970EFC1c1884cEe2e9953D

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