During the recent Nano meet-up in London Trustable was introduced through this video. Trustable is a company building 3 products:
For institutions:
- A global interbank FX network with 24/7 instant & feeless settlement (using the Nano codebase)
- Commodities Exchange (commodities such as rice) with interoperability with the FX network. These would purely be fully backed assets and work for rice, gold, currencies, any type of asset.
For retail:
- Commercial Nano wallet with 100+ fiat pairs to Nano (and possibly other crypto) with debit cards. For this part, watch from ~15:00 onwards in the video. It's basically an extremely easy way to on/offramp into Nano (and again, possibly other crypto), inside the wallet. The network for this is based on Nano and it sounds like it should make remittances a whole lot easier - sort of like what Ripple is trying to do in a way.
The people behind the company:
- Duncan MacInnes, Serial entrepreneur, active in FX & treasury for over 17 yrs, runs Xenfin Capital (trades $9bn of currencies on a daily basis with Tier 1 banking clients such as Deutsche Bank, HSBC and, J.P. Morgan). Founder & Chairman of NEO (getneo.com), regulated challenger bank, along with 465 Group - a private equity group with a strong focus on tech having backed many household names like Facebook & Revolut.
- Colin LeMahieu, Founder of nano and Co-Director of The Nano Foundation & Appia. Executive & highly experienced software engineer, previously at: Qualcomm, NI (National Instruments), AMD, Dell Technologies.
- George Coxon, Co-Director at Nano Foundation | Director of Appia | Advisor & Lecturer at The Global Blockchain Initiative | Faculty member of the Zigurat Innovation & Technology Business School Global Masters in Blockchain & Industrial Fellow at the University of East London. Background in finance & human behaviour studies.
- Benjamin Yablon, Experienced technology strategist focused on Web3, Blockchain, FinTech, Digital Identity and Artificial Intelligence. Founder, SALT Lending; Special Advisor OECD - OCDE. Early career spent as a practicing attorney focused on emerging technology platforms and global compliance.
I'm personally pretty excited about this because it means Nano's tech being implemented and introduced to many financial institutions, and because it should make remittances a whole lot cheaper and faster.
Would love to hear what people here think of it, I'm largely in the Nano bubble so I've no idea whether this company is even on the radar of the rest of the crypto world.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments