NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

ivyKoin: Redefining Interbank Payments with Crypto-Technology

NewsBTC
NewsBTC
7 years ago
2 mins read
ivykoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Introducing ivyKoin, a newcomer to the cryptocurrency world that hopes to rival Ripple in the interbank payments space. The coin is specifically aimed at bridging the divide between banks, cryptocurrency, and customers —facilitating secure and transparent business payments on a global scale.

ivyKoin will look to develop a blockchain based-cryptocurrency that will allow senders to voluntarily de-anonymize transactions. The rationale behind this feature is to make the coin palatable to banks and financial institutions bound by KYC (Know Your Customer), KYT (Know Your Transactions), and AML (Anti-Money Laundering) requirements, compliance issues that thus far have seen most turn a cold shoulder to cryptocurrencies.

According to the company’s website, it is intended that the ivyKoin Network will function through the use of a dual network architecture, where senders of tokens operate on a public network (ivyKoin Public Network), and parties that provide the financial settlement to fiat currency participate on a private network (ivyKoin Private Network). KYC/KYT/AML data supporting transactions will be captured in cryptographic containers that are generated from the ivyKoin Public Network interaction with the ivyKoin Network smart contracts and support the activities of the ivyKoin Private Network participants in facilitating transaction settlement. This data will be stored and accessible to the financial institution and governing regulators of the fiat balance recipients.

To read ivyKoin’s white paper, please follow this link.

The platform has planned architectural improvements compared to Ripple — its closest peer and a leading global Altcoin, following are some examples:

  1. Technology is designed to break KYC, KYT, and AML barriers between cryptocurrency and the traditional financial system (Ripple has no KYC, KYT, and AML included in core design).
  2. It has up to 74+ KYC and 120+ KYT data points and customer files per transaction (Ripple’s KYC/KYT data is not associated with cryptocurrency).
  3. It has a decentralized system of transaction validation (Ripple has a centralized system of transaction validation).
  4. The public coin economics are driven by the utility of the coin, which is on a public ledger (Ripple’s coin economics are not transparent; large, privately held reserves).

IvyKoin roadmap:

First Half of 2018: Token Generation Event (Q1 2018), IVYA available publicly, Test Network Live with Smart Contracts, KYC/KYT Transaction containers, ivyKoin public interface live, Establish partnerships with Financial Institutions, Discussions with US Regulators

Second Half of 2018: Public network live, ivySend live with legacy interbank systems, ivyKoin direct IVYA sales and market operations live, ivyReceive live with IVYB interbank funds transfer, Accelerate Financial institution partnerships

2019: All fiat/crypto conversions live, Enterprise authorization to containers, First financial intermediaries

For updates, see ivyKoin’s website, join ivyKoin on Telegram, or follow ivyKoin on Twitter.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

منصة MEXC تجعل شراء العملات الرقمية أبسط

منصة MEXC تجعل شراء العملات الرقمية أبسط وأكثر أمانًا عبر خدمات الدفع Apple Pay وGoogle Pay

أصبح شراء العملات الرقمية عبر البورصات أمرًا في غاية السهولة؛ فكل ما عليك فعله هو اختيار العملة التي ترغب في...

lein 2 days ago
Fleet Mining makes it easy for cryptocurrency holders to start earning BTC daily.

2025 Cloud-Mining Trends: Fleet Mining makes it easy for cryptocurrency holders to start earning BTC daily.

Despite the volatile crypto market, many people are eagerly awaiting the next bull run. However, some are choosing a different...

ericdunne519 3 days ago
Why are Holders Dumping XRP & DOGE for SPY? New Crypto Makes Crypto Payments Simple

Why are Holders Dumping XRP & DOGE for SPY? New Crypto Makes Crypto Payments Simple

Something odd is happening in crypto circles. Long-time XRP and DOGE holders are moving their money into a lesser-known token...

ericdunne519 3 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

KCEX стартира трейдинг надпревара с бонуси до $21,000 и 10% депозит бонус

nataly 21 hours ago
SpacePay’s $SPY Token Just Smashed $1.4M in Presale - Here’s Why Crypto Investors Are Hyped

SpacePay’s $SPY Token Just Smashed $1.4M in Presale – Here’s Why Crypto Investors Are Hyped

ericdunne519 7 hours ago

Вземете 50% бонус при първия депозит в Weex, докато търговията на крипто пазара расте

nataly 1 day ago

Premium Sponsors

Press Releases

  • bitcoin price

    Phân Tích BTC: Bitcoin tăng 6,7% lên 112.000 USD khi...

    55 minutes ago
  • Best Meme Coins Next to Follow

    Những Meme coin tiềm năng tiếp theo có thể bứt...

    1 hour ago
  • Presale Bitcoin Hyper

    Bitcoin Hyper huy động 24,4 triệu USD trong presale...

    1 hour ago
  • đồng altcoin

    Các đợt presale alt coin đáng mua nhất hiện nay...

    2 hours ago
  • シバコイン 今後の価格予測:大口投資家が買い増しを加速、回復基調が続き0.0000235ドル突破への勢い

    シバコイン...

    22 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.