Auctus Joins The Enterprise Ethereum Alliance

By March 2, 2018 Ripple
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Auctus joined EEA to leverage its network for enhancing our products, services and token offerings and support the adoption of Ethereum in the enterprise.

Ludmila Lopes said, “We are very excited to be a part of the Enterprise Ethereum Alliance. We aim to leverage the EEA network to build more value for our community and improve existing products, services and token offerings. After joining MAMA, this is a further milestone for Auctus in pursuit of industry best practice”.

The Auctus Platform is a global smart contract-based retirement and goal-based saving platform with specialized portfolio management services for traditional equity and bond investments, as well as cryptocurrency investments.

The platform provides the user an aggregated view of all retirement savings, from government regulated IRA/401k plans, voluntary traditional retirement plans, as well as crypto wallets. Auctus’ mission is to put retirement savers back in control of their retirement plan by providing the information needed to take well informed decisions and using blockchain to increase transparency and automation.

Auctus offers robo advisory, transparency, automation and record keeping, as well as a marketplace that allows the retirement community to come together without middlemen.

About The Enterprise Ethereum Alliance

The EEA is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures.

The EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. The EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.

EEA will collectively develop open industry standards and facilitate collaboration with its member base and is open to any members of the Ethereum community who wish to participate.

This open-source framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight to the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network.

For more information about Auctus please visit their website and download the project whitepaper.

The Robinhood mobile trading app has announced the launch of a commission-free cryptocurrency trading service. And it’s a serious matter of concern for Coinbase that takes 1.5–4% commissions in the U.S., as now their potential customers from California, Massachusetts, Missouri, Montana and New Hampshire can buy and sell Bitcoin and Ethereum without any extra fees on the Robinhood platform.

Robinhood team believes that their free service is a strong tool to attract people to their platform that enables users to trade stocks, ETFs and options without any additional charges. Moreover, its retro-future interface offers users an easily understandable way to stay tuned with pricing and news about 16 currencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Ethereum Classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin Gold, OmiseGo, NEO, Lisk and Dogecoin. Currently, everyone can already enjoy the benefits of tracking service but an opportunity to get the advantages of free trading will come soon to the waitlisted users and other states.

The main idea of this commission-free trading is to bring cryptocurrencies to a wider audience of investors providing them with a platform that “democratizes” trading through expanding the group of potential investors using mobile and web-based apps. The company strives to make traditional and cryptocurrency trading more accessible for its customers excluding their additional expenses for paying the commission.

The first announcement of the Robinhood’s plans to start zero-fee crypto trading attracted one million users in just the first four days. So, the current number of Robinhood users is nearly four million who have transacted more than $100 billion on its brokerage platform saving $1 billion in commission fees.

On the majority of stock trading services customers should pay around $7 per transaction to cover these companies’ operational expenses, including awards for marketing and sales teams. Established in 2013, Robinhood eliminates extra fees encharging these functions to its engineers. The company makes money on the interest of cash that its customers keep with it and by offering chargeable monthly Robinhood Gold subscriptions that allow users to borrow money to trade with.

In addition to the launch of cryptocurrency trading Robinhood Crypto, the company has also released the launch of a social media-type platform named Robinhood Feed which will give investors a possibility to discuss different cryptocurrencies, market trends and new online. Nevertheless, at the moment the Feed platform is available to a limited number of users only.

Ludmila Lopes said, “We are very […]

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