By Mark – Bitcoin Specialist - 30/12/2021
The network constructed with Centrifuge and Aave Protocol technologies, Real World Asset (RWA), has been launched. RWA became the first diverse real world asset market on the Aave Protocol as a result of this, creating diverse crypto market investment options for participants.
Furthermore, the RWA Market is launched with seven pools and is now accepting USDC deposits from liquidity providers. All of this is made possible by the Aave Protocol's blockchain, which allows for the formation of a market where users may borrow tokens in exchange for collateral. Interest rates will be determined by how much of the market is used.
END Labs has collaborated with RWA Market. It allows companies to use cryptocurrency trading to fund tokenised Real Estate Bridge Loans, Trade Receivables, Cargo & Freight Forwarding Invoices, Branded Inventory Financing, and Revenue Based Financing. Best of all, it allows consumers to diversify their portfolio with assets that are uncorrelated and stable.
The world of conventional finance (TradFi) is taking a stride towards DeFi via RWA Market. Users of the Aave Protocol who previously could only lend against crypto-native assets may now earn interest on reliable, non-crypto assets.
More cryptocurrency exchange platforms are addressing this bridge between the two financial sectors. The RWA Market, according to Lucas Vogelsang, CEO of Centrifuge, "bridges the regulated realm of TradFi to the trustless world of DeFi." It's been great to build a scalable infrastructure for safely onboarding RWA, and we're delighted to see our efforts pay off.
Centrifuge, on the other hand, is a pioneer in connecting RWA and DeFi. In April, it was the first to propose RWA as a Maker collateral. Centrifuge also use the Aave Protocol's technology to provide its issuers with an extra source of liquidity with which to diversify their capital.
If you are looking for a Bitcoin broker, sign up and register an account today to start Buying and Selling crypto! Our team is available for any assistance so do not hesitate to get in touch to discuss buying crypto today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards