In a bid to entice traders from the $5 trillion forex market, DRIVE Markets has teamed up with forex giants including First Derivatives and MetaTrader to offer a crypto experience synonymous with forex .
Ayre is a key backer of BSV, through his CoinGeek , media and investment operations, and expects the undisclosed investment which is in the multiple seven figures, to provide a significant boost to BSV enterprise usage and transaction volume.
DRIVE Markets recently announced DRIVE Pay, a multi-protocol, real-time remittance and gross settlement network for crypto and fiat currencies. DRIVE Pay will use the BSV as the anchoring for its payments network and will use BSV coins as a bridge or intermediary currency to enable liquidity.
“At DRIVE, our roadmap leverages the infrastructure and capabilities of our institutional exchange and we were looking for the right solution partner that could scale DRIVE Pay to become a global leader in the multi-trillion dollar payment and settlement space. SV, as a commodity data , makes it the ideal to anchor DRIVE Pay and the BSV team possess a level of expertise and commitment to enterprise development that really impressed us,” said Kate Hiscox, CEO at DRIVE Markets.
SV emerged from the world’s first “hash war” last November. Named for the “Satoshi Vision” of ’s creator Satoshi Nakamoto, SV restores the original protocol, keeps it stable, and allows it to massively scale.
BSV has the scaling plan necessary to support a global payment network like DRIVE Pay and other enterprise uses. Just recently, BSV’s witnessed not one, but two, 128MB record-setting blocks — the world’s largest ever on a public . (For comparison, Core [] has a small 1MB block cap). With 128MB blocks, BSV can handle 800+ transactions per second and proves that massive on-chain scaling works on . Furthermore, SV is preparing for gigabyte (1000 MB) and eventually terabyte (1 million MB) blocks to process billions of transactions per second and become the global data for business.
CoinGeek founder Calvin Ayre commented: “I like entrepreneurs who can cut through the noise and focus on technology that works. That’s why I like DRIVE. DRIVE recognizes the original vision, now back in the form of SV, works at a massive scale. I look forward to seeing the DRIVE Pay network process huge amounts of transactions on the BSV , and further unleash the true power of .”
DRIVE Markets’ CEO Kate Hiscox will attend and speak at the upcoming conference, May 29–30 at the Carlu in Toronto. The conference focuses on scaling, with “No Limits”, and will feature the world leaders in scaling. At the event, Hiscox will discuss plans for DRIVE Pay and her company’s decision to build the payment network upon BSV.
Ayre’s investment is part of a broader collaboration between DRIVE and the SV ecosystem. , the global leader in advisory, research, and development of technologies, will support DRIVE Pay with its technical consulting services and access to its vast intellectual property portfolio. Along with Ayre’s CoinGeek operations, nChain is another key backer of SV.
Jimmy Nguyen, Founding President of the Association (which advances SV’s global business ecosystem) and Chair of nChain’s Strategic Advisory Board, remarked:
“With DRIVE, the SV ecosystem gets bigger and gets down to some really big business. From our discussions, it is clear DRIVE Markets sees BSV’s technical value as an enterprise and business value as a -friendly environment. We invite more companies around the world to study BSV’s technology capability and build on the only massively scalable — SV.”
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(This article originally appeared on ).
Published at Fri, 26 Apr 2019 22:38:08 +0000
