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Land LayBy Sets Pace for the Incorporation of the Blockchain in African Real Estate

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2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector. Given the blockchain disruption of financial services with the introduction of cryptocurrencies that are working successfully, it’s hard to find a sector that has not been directly or indirectly influenced by the technology.

Cryptocurrencies have made a strong impact on payments, remittances, and foreign exchange. Token Generation Events (TGEs) have challenged stock investing, startup loans, as well as venture capital. The disruption is now in the African real estate industry as private companies seek to introduce it to land transactions and maintenance of public ledgers.

land laybyThere is a grand opportunity to significantly alleviate such incessant challenges in our real estate industry permanently. Land Layby Kenya Ltd, a Kenyan leading real estate and fintech company, operating in 4 other countries (Australia, Ghana, UK and USA) is propelling Africa’s real estate into the Blockchain space with platforms built on this new technology. The company is set to launch the minimal viable product (MVP) for Africa’s first multinational Blockchain powered land registry early 2018. The platform, which shall be accessed using a special digital utility key called the Harambee token, will transform the way we buy and sell real estate by doing away with the hidden costs, unnecessary intermediaries, and reduce transaction time significantly. It will enhance data security and eliminate manual errors and duplication of verification processes.

Generally, the Blockchain contains a certain and verifiable record of every transaction ever made, which mitigates the risk of double spending, fraud, abuse, and manipulation of transactions. The crypto economics built into the Harambee Token provide incentives for the participants to continue validating blocks, reducing the possibility of external influencers to modify previously recorded transaction records.

Land Layby Holdings hopes to permanently address the trust gap by disclosing land and land options to the public, but with special privacy requirements. The initial role of the platform will be to provide a mirror reflection of the Government Land Registry systems.

General Inquiries:
info@harambee.io
Tel: +254 780 145 061 | +61 469717185 | +1 833 894-LAND | +61 1300799063 | +44 8000516788

To learn more about Land Layby, visit www.landlayby.com.au.

“This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.”

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TokenMarket Opens New Security Token Offering Service

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PRNewsfoto/TokenMarket

LONDONSept. 17, 2018 /PRNewswire/ — TokenMarket, Gibraltar and London based token sale advisory firm, is pleased to announce the launch of its new Security Token Offering (STO) service.

The STO Service will assist issuers and investment banks with all the technical aspects of the token issuance, including in-house developed, world-class security token framework.

As of today, TokenMarket is already building a pipeline of STO issuances.

TokenMarketTokenisation in this context refers to a method of converting rights to an equity or debt instrument into a token; digital representation that lives on a blockchain. Tokens retain the investor protections of a regulated asset, but still enjoy the benefits of blockchain technology with instant settlements, borderless distribution (in accordance with legal and regulatory requirements) and counterparty risk mitigation.

While the financial regulations are adjusting to blockchain technology, the first investment types are likely to be private placements and crowdfunding of SME growth companies, real estate, and investment funds.

TokenMarket assists issuers with a variety of services including: tokenisation of new and existing assets on the blockchain, programming of associated token rights such as dividend and voting rights into the token smart contract, on-chain governance, as well as more general strategic and technical advisory.

Ransu Salovaara, CEO of TokenMarket, said: “We are excited to start a new chapter by offering solutions and services for asset tokenisation. With over $350 million dollars worth of ICO’s under our belt, we know a lot about token offerings from technology to strategy. We are currently in talks with businesses across multiple sectors on how we can best facilitate STO’s for startups and growth companies.”

“Our token sale smart contracts have been battle tested in dozens of offerings including ones from third party vendors. Likewise, our STO toolchain will be available under the Apache 2 Open Source License. We are excited for what the future of our STO service holds,” says Mikko Ohtamaa, CTO of TokenMarket.

TokenMarket’s regulatory efforts are moving forward as the company was accepted in the  FCA Regulatory Sandbox in July of this year. In addition, TokenMarket has been given a trial period to test and measure the implementation and the practice of tokenising equity in the UK. TokenMarket has also received “In Principle” Distributed Ledger Technology (DLT)approval from the Gibraltar Financial Services Commission (GFSC).

More information regarding the TokenMarket STO Services offering can be found at https://tokenmarket.net/security-token-offering.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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SALT Announces Largest Expansion to Date; Now in 80 Percent of the U.S., Totaling 10 International Territories

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PRNewsfoto/SALT Lending Holdings, Inc.

DENVERSept. 18, 2018 /PRNewswire/ — SALT, the world’s premiere provider of cryptocurrency collateralised Blockchain-Backed Loans™, today announces its most significant expansion to date, opening operations in 15 additional U.S. jurisdictions including New JerseyMassachusettsWashington and Texas, as well as an additional 7 territories including BrazilHong KongSwitzerlandBermudaVietnamPuerto Rico and the United Arab Emirates. This rapid expansion of services comes on the heels of SALT’s 20-state expansion in August as the company approaches its goal of being fully operational in all 50 states.

DollarAs SALT continues its global expansion, its competitive offerings— including flexible loan terms, no origination fee, no prepayment fee, and no servicing fee or closing costs— enable the company to maintain its position as market leader. “The number of cryptocurrency holders has already increased by more than 70 percent worldwide during the past year, which points to the potential of a dramatic increase in loan demand,” said Bill Sinclair, Interim President and CEO of SALT. “Given SALT is also one of the few companies that actually lends in fiat currency, we’re in a unique position to democratise loan access by providing a multi-faceted loan service to businesses and consumers across the world.”

This expansion and greater flexibility for borrowers supports SALT’s mission to not only increase loan access but to also grant its customers maximum utility of their assets. With more than 60 percent of cryptocurrency trading in international currencies, SALT seeks to continue increasing international exposure and providing its services to crypto holders across the globe. “Overall, it’s about providing more liquidity to the crypto-market,” Sinclair continued. “This is yet another leap forward in allowing both the banked and unbanked to gain access to traditional financial institutions through their blockchain assets.”

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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ETHLend Announces Launch of New Parent Company ‘Aave’

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Image by ETHLand.io

CHIASSO, SwitzerlandSept. 18, 2018 /PRNewswire/ — Founders behind popular Swiss-based decentralised digital asset-backed lending platform ETHLend, today announced the launch of Aave, a new technology company focused on empowering people through innovation. The name Aave, which comes from the Finnish word for “ghost,” was chosen because the brand continues to intrigue users through its evolving and imaginative technology. The technology-based venture intends to fill the gaps left by centralised fintech industry players such as PayPal, Skrill and Coinbase, by introducing new products and services, such as Aave Pocket, Aave Lending (SaaS), Aave Gaming, Aave Custody and Aave Clearing.

The executive roles will remain the same with ETHLend becoming a subsidiary under Aave. Stani Kulechov will stay on as CEO, Jordan Lazaro Gustave as COO, and Nolvia Serrano as CMO. Mika Söyring will join as CFO and Ville Valkonen as CCO. Mika previously served as the CFO of health technology company Revenio Group Corporation (formerly Done Solutions Corporation) and has extensive experience as an entrepreneur and a financial specialist. Ville previously operated a legal consulting firm that focused on start-ups in Finland and also worked for law firms, focusing heavily on SMEs and providing counseling on contract matters.

Stani Kulechov, CEO of Aave, said, “By integrating our innovative technology into the services already offered by traditional institutions, we can transform the way people interact and provide new products and services that will help them seamlessly achieve their goals at a lower cost, ultimately giving them access to new opportunities that have not been possible before.”

Aaave“Aave is a pioneer in the lending industry. As ETHLend, Aave was the first in the space to provide a solution to those in need of liquidity and unlock what was previously viewed as unassailable funds,” said Andrew Karos, CEO and Founder of BlueFire Capital and an Aave customer. “It’s very satisfying to watch them evolve. As a U.S.-based market maker, I can confirm that they understand the level of importance in policy, procedure, and safety, and I look ahead with much enthusiasm for the future of our working relationship.”

Aave’s portfolio of products ranges across several industries, including technology, finance, and games. The company will continue to power its existing products in addition to new ones aimed at Millennials and Generation Z.  Several products under Aave’s line include:

  • Aave Pocket is an ambient account innovation, and one of the first products developed by Aave to serve the gig economy and micropayments industry, removing the need for credit cards and bank-to-bank fees between online merchants/developer entrepreneurs, and their end-user customers. All transactions stay where the user is earning and spending, contained within an application, enabling true peer-to-peer payment, even across international borders.
  • ETHLend is a decentralised financial marketplace for peer-to-peer digital asset-backed loans operating on the Ethereum blockchain using smart contracts. ETHLend solves the liquidity challenge of being cash-poor, but crypto-asset rich. Borrowers can request secure loans by pledging their cryptocurrency assets as collateral to receive spendable funds. This enables borrowers to retain their exposure on cryptocurrency without the need for selling the assets when the borrower has sudden expenses.
  • Aave Lending, inspired by ETHLend, is a turnkey solution for the digital asset-backed lending market. Aave Lending solves the issues that follow digital asset storing and digital asset-backed loan management for creditors. As a SaaS (Software-as-a-Service) solution, creditors can easily start a digital asset-backed lending business while Aave takes care of secure collateral storage, notifications and liquidation upon margin calls.
  • Aave Custody, currently available for use, is designed for institutional or private investors and serves as a custodian for storing digital assets. Aave stores private keys by following the highest and most innovative security standards. Funds can be moved in and out of custody on a daily basis.
  • Aave Clearing is an over-the-counter (OTC) cryptocurrency clearing service for institutional investors and businesses who need to convert large amounts of cryptocurrency with speed and efficiency. The platform provides users with an easy-to-use interface and an API connection, giving them the ability to generate quote requests for cryptocurrencies as well as exchange their cryptocurrency for traditional currencies.
  • Aave Gaming is an innovative game studio focused on creating a new gaming experience using Blockchain, Smart Contracts, and mixed reality.

“In the last decade, legacy industries have experienced a major change. Banking is no longer limited to traditional institutions,” said Jordan Lazaro Gustave, COO of Aave. “As a team of developers and creative thinkers, Aave is no stranger to these market forces. By integrating emerging technologies we will continue to offer secure and transparent applications, with reduced costs, to instill trust and confidence within our users, while delivering an experience they can enjoy.”

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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