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Longfin launches commercial ziddu smart contracts on Ethereum Blockchain; Shares +7%

Published 01/22/2018, 01:50 PM
© Reuters.  Longfin launches commercial ziddu smart contracts on Ethereum Blockchain; Shares +7%
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  • Longfin (LFIN +7.3%) has announced that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain.
  • Ziddu.com is an ERC 20 Ethereum-Blockchain-empowered Smart Contract provider, and it is currently the only marketplace for decentralized smart contracts.
  • Ziddu Smart Contracts are available for Trade Finance and FX markets.
  • Longfin is preparing to launch Smart Contracts for bullion financing by Q218.
  • The company has subsequent plans to make the Contracts available for peer-to-peer lending, warehouse financing, structured products, and FX/OTC derivative segments.
  • “It will take some time for the technology to develop to maturity and for the market to shake-out. In the meantime, Longfin has developed a high degree of interest and effort into the development of Smart Contracts. We see them as a critical component in distributed ledgers for pre-&-post settlements, and there is an opportunity in creating a ripe scenario for disruption.” Says Venkat Meenavalli, Chairman of Longfin.
  • Press Release
  • Now read: LongFin: From To 0+ In A Week As Crypto Mania Spreads


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