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The manufacturer of ASICs is planning an IPO, Samsung is hoping for decentralization. Santander Bank on cooperation with Ripple.
One of the largest producers of ASICs, Canaan Creative, announced plans to hold an IPO on the New York Stock Exchange. According to Bloomberg, such plans are currently in the early stages of discussion. The past year was not easy for manufacturers of mining equipment. The industry leader, Bitmain, reported a record loss. The fourth quarter showed that its capitalization fell by $ 740 million.
Canaan Creative has already tried to conduct an ICO in Hong Kong, but it failed to do so. Experts recognize that now is not the best time for the initial public offering. If the fall in the price of cryptocurrency continues, plans may remain unfulfilled. And then the equipment manufacturer under the Avalon brand will have to look for other sources of financing.
What new in blockchein
In the South Korean company Samsung have shown great interest in blockchain technology, since it will allow to decentralize information processes. This was stated by one of the leaders of the corporation Ricardo Mendez.
The company believes that technology leads to a natural centralization, which in the long term leads to certain vulnerabilities. Blockchain is able to change the balance of power and make progress more stable. Back in 2018, Samsung registered the trademark of its own cryptocurrency wallet. However, here they have denied plans to introduce cryptocurrency storage in their gadgets. At least there are no such plans in the near future.
Spanish bank Santander has been using Ripple fast transfer technology for two years, and is completely satisfied with this cooperation. Up to 50% of the transactions of his clients are made through the Ripple One Pay FX application for mobile transfers. During this time there have not revealed any technical problems. Transaction processing speed is out of competition compared to traditional payment methods.
Now the bank is studying the issue of expanding the scope of services provided. Currently, only bank account holders can make currency transfers. Santander strives to move away from this restriction and to make the service available to all individuals.