itBit Spins Off its Bankchain Service Under New Brand – Paxos

[kreslik.news]

The leadership team behind the New York based institutional Bitcoin exchange and blockchain technology company itBit has unveiled a new company named Paxos – inspired by a technical computer science term that represents a process for reaching consensus.

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In June itBit has been selected by Euroclear group to explore opportunities for creating a next generation settlement service for the London gold market. itBit revealed that Euroclear has partnered with it because of its proprietary blockchain infrastructure technology and product, Bankchain. The Bankchain service is a private network ... (read more)