Aside from cars, apartments, and bicycles, users can now share their Internet Protocol addresses (IPs). IPSX has just launched on mainnet as the first marketplace that allows both individuals and companies to rent IPs from thousands of different places around the world. It uses blockchain technology to a create a decentralized exchange platform where tech companies can securely integrate an unlimited number of IPs from multiple providers.
The will help companies and individuals monetize something they never realized was an asset — their unused IP addresses. Any large company that uses IPs at their backbone will benefit from a marketplace where they can make use of it to further develop their business.
How IPSX Works
In today’s landscape, multiple businesses, like Data Mining and VPN service providers constantly face problems such as a lack of IP addresses (particularly when companies have spikes in demand), untransparent IP costs, poor quality of IPs, inflexible contracts, tedious user experience, and obsolete technology.
IPSX solves this problem by mapping out all the existing IPs and creating a network where supply meets demand. Through latest technology integrations via SDKs and APIs (until recently there was no framework for securely integrating an unlimited number of IPs), companies can rent IP addresses from any data center or other providers in the world, as well as rent their unused IP addresses to whoever needs them. This way, any company can become a provider or a requester.
IPSX users can monetize their IPs through a dedicated Ethereum-based transaction system that enables direct payments between requesters and providers, increases the liquidity level of the IPs and allows any actor that has available IPs to take part into a multi-billion yearly business that otherwise would be closed.
Main Features
Transparent, flexible costs where users will only pay for what they use.
High-quality IPs that are not already banned and are easily interchangeable.
Easy management for both individuals and large corporations that can manage all their rented IPs from one easy-to-use interface that does not require technical knowledge.
Security provided by blockchain and smart contracts.
Reviews
are already praising the platform for its useful service. They appreciate the wide variety of international IPs that can be rented on IPSX for any amount of hours or weeks, or for the amount of traffic they use. This is a significant improvement on traditional VPN providers since it lets users pay exactly for what they use. More so, users have commented on how easy it is to use IPSX, taking them only five minutes between order and activation.
Building Services on Top of the IPSX Ecosystem
The mainnet encompasses only a small portion of the IPSX team’s vision, which promises more features to come shortly. The most prominent features to come are:
Extending the possibility of sharing additional resources beyond IP addresses (for example storage capabilities).
Adding a layer of services. Several directions considered are cybersecurity, Big Data, and micro-tasks services.
Launching a grant program for people or companies that want to join the IPSX ecosystem and that want to build services on top of the IPSX platform.
About IPSX
IPSX is a decentralized exchange platform for sharing IPs and a framework for building applications on top of the existing IPs shared by the community members and companies. Using smart contracts, blockchain protocols, and a utility token incentivized mechanism, it allows users to share IPs all over the world in a reliable and open source environment.
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Today, Wirex – the payments pioneer that aims to bridge the gap between cryptocurrencies and everyday spending – announced that they have teamed up with payments processing technology provider i2c to launch the United States’ first multiple cryptocurrency-backed prepaid card.
Highlights
Payments pioneer Wirex teams up with i2c to launch the first prepaid card available in the United States.
Wirex will be extending its European Wirex Visa Card programme, that allows cardholders to use the card anywhere Visa is accepted.
American consumers will be able to instantly convert their digital currencies and spend using their Wirex prepaid card.
i2c will be providing Wirex with their market-leading payments processing technology.
The Wirex prepaid card will allow American consumers to instantly convert their bitcoin, XRP, Ethereum or Litecoin and spend in: stores, bars and restaurants, on transport, online or withdraw from ATMs.
Cryptocurrency witnessed a meteoric rise in popularity, with the total market capitalization worldwide approaching $250 billion, but with only 0.3% of the world’s merchants accepting cryptocurrency, the ability to use cryptos remains limited. Since 2014, Wirex has solved this universal pain point by giving consumers the ability to spend their cryptos as easily as traditional money.
Vroon Modgill, CEO of Wirex North America said:
“Our mission is to bridge the gap between traditional money and cryptocurrencies, so our clients can use their digital money for everyday purchases. Our data shows that cryptocurrency adoption is increasing in retail environments. Somewhat surprisingly, McDonald’s takes the top spot when it comes to spending on the Wirex cards amongst European users, followed by major grocery stores. The relationship with i2c, will enable Wirex to be the first crypto-friendly payment platform to offer this innovative service in the US.”
The partnership will facilitate the introduction of the Wirex prepaid program, similar to their existing Wirex Visa card programme in the EU, where it is the only company to have a fully-functioning card that allows seamless spending of crypto. The Wirex prepaid card leverages i2c’s payments processing platform, which allows card issuers to quickly create and scale high-value payment and digital commerce solutions on a single global SaaS platform with industry-leading reliability and security.
i2c’s payments processing technology supports advanced payment features and functionality such as multi-currency and multi-purse technology. They also offer card controls that give cardholders more options when implementing budgets, spend controls, and advanced real-time alerts.
Joe DeRosa, i2c’s EVP of Global Sales and Marketing:
“Industry-leading technology allows innovators in payments to rapidly launch solutions that meet the ever-evolving needs of today’s consumers. At the heart of successful innovation and growth in payments are ideas that take the industry in new directions. A flexible technology infrastructure to support new business models, and strong partnerships are key factors in the payments ecosystem. We are proud to team-up with Wirex to launch a unique card product that offers convenience, security, and a great user experience.”
About Wirex
Founded in 2014, Wirex is a global digital payments platform serving over 2 million customers in more than 130 countries. As a frontrunner in the cryptocurrency payments arena, Wirex has delivered many world-first, world-class products bridging the gap between crypto and traditional currency.
is not an ICO; but backed by large, reputable financial institutions, including the Tokyo-based SBI Group. Wirex has spent the past four years building its own secure software platform that enables a fast, secure and efficient service with no transactional fees and some of the best rates in the industry.
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