The collaboration team would utilize the cloud technology and Artificial Intelligence (AI) to introduce data management and identity securing platform with the goal of being the cheapest and most integratable to lower the barrier to entry for businesses of any size.

 “ShareRing is extremely pleased to work with Tencent Cloud in developing a world-first identity and document management platform.

We have strong confidence in Tencent Cloud’s capability as one of the most reliable, high-performance, and globally recognized cloud services providers in the world.” Tim Bos, CEO of ShareRing

The new project would first be launched in Southeast Asia, a region that has been heavily affected by the Corona Virus through travel restrictions. Both companies plan on combining technological resources together such as the combination of ShareRings distributed ledger technology (DLT) with Tencent cloud optical character recognition (OCR). This converts characters into text, helping improve the efficiency and accuracy of data entry. Tencent and shareRing plans on helping Southeast Asians with the developments they plan on building.

The ShareRing App

The ShareRing app is a travel platform that will allow users to have access to practically everything concerning travels ranging from hotel reservations, flights, insurance policies, car rentals and tour packages. To add all these, they are also working on an open World passport, the first anonymous contact tracing passport that can be integrated with e-visa on arrival system (eVOA), travel insurance companies, airlines, hotels and retail shops.

The app has already gotten large interest from leaders in the Association of Southeast Asian Nations (ASEAN) region and they are closely working with Thailand to introduce it in the country.

Both projects hope to solve the issue of projects competing over liquidity across all exchanges. It says that crypto assets today are distributed over 200+ exchanges and all projects are competing for a finite amount of liquidity. They plan to solve this by developing a decentralized platform where all liquidity from the entire crypto market will be aggregated into one platform. They would aggregate the order book, depth and price price discovery from all centralized and decentralized digital asset markets.

The product is called Orion Terminal, a decentralized gateway to the entire digital asset market.

Bonded Finance plans on developing an algorithm that will help aggregate, derisk and unlock 50 million in dormant value distributed amongst untapped digital assets. They would also allow altcoin projects that are qualified to borrow against their assets, or pool them and start earning.

The collaboration allows for locked and staked ORN tokens to be made available for yield generation via the Bonded Finance Smart Contracts.  Holders of ORN will have access to Ionic, Bondeds lending / borrowing product. This access will allow them to loan and borrow ORN, Access capital resources, earn as they hold and to also earn from the liquidity incentives.

Alexey Koloskov, CEO + Co-Founder of Orion Protocol states “With a shared mission of bringing greater liquidity, accessibility, and value to open finance, we’re proud to be partnering with Bonded Finance. This will enable ORN holders to further monetize their assets by unlocking even deeper yield generation opportunities, earn liquidity incentives, and loan and borrow ORN – all while furthering ORN’s utility within Bonded’s growing ecosystem.”

Orion protocol would help Bonded Finance by providing them with their protocol’s liquidity API which would allow for streamlined Liquidation of assets available on the Bonded platform thereby allowing it to perform a wide market sweep across all exchanges in the market to efficiently handle potential liquidations. The provision of the API by Orion protocol would allow Bonded finance to transact large quantities of assets strategically without risks associated with it.

Paul Mak, CEO of Bonded Finance, states, “To have a single-source liquidity provider amidst this fragmentation is a small miracle. As we move forward, Orion’s solution will allow us to list more assets and provide smaller projects with needed support. It’s a win for the space.”

Orion Protocol

It is built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.

Bonded Finance

The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.

Today, a partnership between Crypto banking platform cashaa and the United Multi-state Credit Co-operative Society has made it possible for 22 banks branches in India who are interested in Crypto banking services. The citizens of India who are interested in Cryptocurrency will soon be able to go to their local bank branches to get Cryptocurrency and to also learn about investing in them.

Cashaa stated that “initially account holders will be able to buy and sell bitcoin (BTC), Cashaa(CAS), Ethereum (ETH) , Binance coin(BNB), Bitcoin Cash(BCH), EOS, Litecoin(LTC) and Ripple (XRP) with cash or the amount balance in rupees”. The 22 branches will be ready to start operations by December, Cashaa’s spokesperson reportedly said.

Lounges For Crypto Customers At The Bank

Cashaa plans on making available Crypto Lounges in all 22 branches where customers can walk into and get educated about cryptocurrencies along with other banking services.

“The United’s existing branches will be transformed and modernized as Crypto Lounges,” Cashaa described, noting that “Members can walk into any of these branches and get educated about cryptocurrencies along with other banking services.”

Cashaa plans on educating members who visit the lounges about investment opportunities, utilities of bitcoin and other cryptocurrency , how to use and to store crypto etc.

The immediate plan is to open these Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states.

Account holders with the bank will also be able to use their Cryptocurrencies as collateral to take loans in the bank Just like any other traditional loan given by banks.

After news that China has over 70% of Bitcoin mining power, we got the news that Trump administration and the White House have been in discussion about Cryptocurrency and specifically Ripple XRP.

Although this sounds far fetched and President Trump would likely never promote any crypto or implement using it, there is a possibility that they may support it over Bitcoin, Ethereum and other currencies. If China has the majority share of mining power for both Bitcoin and Ethereum, then the United States is going to be missing out of a massive amount of wealth in yet another area.

With xRapid just going live, we are yet to see many companies using XRP, but Brad Garlinghouse (Ripple CEO) has stated that by end of year 2019, they will have dozens of banks using xRapid and XRP for cross border payments. Not only that, but their xPring program is constantly getting new use cases for XRP and Codius is quickly picking up traction as well.

It would be crazy to see Trump and US govt adopt Ripple and XRP, but there has been many predictions of XRP becoming a world currency and premier digital asset. With China having the majority share of other top 2 cryptos, Ripple and XRP are a very valid candidate.

Imagine what would happen if Trump announced support of XRP in a tweet! Maybe that $589 end of year price prediction by Bearableguy123 are possible after all?