No Comments

Blockchain Venture Capital Inc. partners with the Trillium Automobile Dealers Association as the Official Exclusive Digital Currency – Yahoo Finance

TORONTO, Jan. 18, 2022 /CNW/ – Blockchain Venture Capital Inc. (BVCI) has signed a partnership with the Trillium Automobile Dealers Association (TADA), the New Car Dealers of Ontario, to introduce their digital blockchain payment system, BVCPay and present their stablecoin, CADT, as the Official Exclusive Digital Currency of the TADA.
BVCPay is a digital payment solution that allows for payments to take place over BVCI's proprietary blockchain rail using CADT, Canada's first and only stablecoin backed 1:1 with support from a schedule 1 bank owned trust company. BVCI's proprietary blockchain (BVCChain), boasts one of the highest transactions per second rates, allowing for fast, peer-to-peer payments with next generation speed and safety with effectively zero cost on either side of the payment transaction. Fees are only introduced when purchasing and/or redeeming CADT for fiat CAD$. The fees are less than most traditional payments systems (e.g. international wire, EFT, credit cards, Western Union).
"BVCI's innovation can improve the efficiency of the payment sector and significantly reduce the payment cost for users. CADT, a digital stable currency with strong compliance, allows users to make real-time payments worry-free. We believe that the digital currency and digital wallets will grow rapidly in the payment sector. BVCI expects to also build more use cases, including cross-border trade, local payment network, supply chain finance and digital asset creations and servicing." says Tony Tian, President and CEO of KVB Financial Canada Inc.
BVCPay is the complete solution composed of: 1) BVC-Chain, our innovative blockchain at 5,000 TPS; 2) KVB Wallet powered by BVCI, our digital wallet solution (available soon) branded by KVB Financial Canada Inc., BVCI's EMD licensed selling agent; and 3) CADT, our industry leading stable coin backed 1:1 with fiat currency in CAD$.
"The TADA and our signature products such as ACE and the Canadian International AutoShow always strive to be at the forefront of innovation and technology. The rise of digital payment systems, blockchain technology and stable coins in particular on decentralized rails is something the world cannot ignore. It's coming and having BVCI as a corporate sponsor of our International Trade Workers' Program proves that our 1,100 dealer members across Ontario are a segment of the economy that will be one of the first to embrace these new economic tools", says Todd Bourgon, Executive Director of the TADA.
As part of this new deal, BVCPay becomes the official sponsor of the TADA's International Trade Workers' Program. The newly minted program of the TADA will see dealerships benefitting from overseas talent that can come to Canada to work at Ontario dealerships. The cost of registration for a single worker is $12,500 CAD. When a dealership uses CADT to pay for the worker's registration, that dealership will save 500 CADT per worker registered (500 CADT = $500 CAD). This offer is made to the first 150 workers registered. For more information about the program, please visit www.tada.ca
"Cars are the second largest purchase for most, next to a home that a Canadian consumer will make in their lifetime. Working together with TADA is not only an obvious choice but a logical one based on consumer and economic trends, and the fact that TADA and its 1,100 dealer members are a very important market segment for us", explains Richard Zhou, CEO and Founder of BVCI.
BVCI will also be present with a corporate booth at the Automotive Conference and Expo (ACE) to be held in Niagara Falls Ontario in the Spring of 2022 and will be recognized as a 2022 Silver Associate Member of the Association.
This news release may contain "forward-looking information" (as defined in applicable Canadian securities legislation). Forward-looking information is based on expectations, estimates and projections, and it addresses future events and conditions. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements.
About BVCI Blockchain Venture Capital Inc. (BVCI)
BVCI is a financial services company with extensive digital asset experience incorporated in Ontario in January 2018. BVCI is a provider of an innovative technology infrastructure to participants in the emerging blockchain and distributed ledger technology industry. Instrumental to BVCI's business and growth strategy is BVC Chain, a proprietary blockchain platform and distributed ledger technology which serves as a platform and infrastructure for BvcPay as well as the potential future development of a multitude of blockchain platform-based solutions, products and services. Collectively, BVC Chain and BvcPay strategically position BVCI to capture the full value chain resulting from the transitioning of data and other financial assets to a blockchain platform and ledger, and the new paradigm of conducting business that utilize such technologies. Visit https://www.bvcadt.com/ for more information.
About KVB Financial Canada Inc.
KVB Financial Canada Inc. is a wholly owned subsidiary of KVB Global. KVB Global is a financial services company that specializes in providing diversified financial products. Its products include global settlement and payment, corporate FX management, securities investment, wealth management, as well as fin-tech system integration. Since 2001, KVB has established multiple licensed presences in Auckland, Sydney, Melbourne, Toronto, Hong Kong and Taipei. Visit https://www.kvbgc.com/en/ for more information.
SOURCE Blockchain Venture Capital Inc.
View original content: http://www.newswire.ca/en/releases/archive/January2022/18/c8850.html
Shares of Ford Motor Company (NYSE: F) were trading down on Wednesday, after the company previewed a series of one-time items it expects to report with its fourth-quarter earnings. As of 1 p.m. ET, Ford's shares were down about 7.2% from Tuesday's closing price. At first glance, Ford's preview, released after the U.S. markets closed on Tuesday, was good news.
There wasn't any company-specific news released today, but investors may be following a larger trend of selling technology stocks as bond yields rise. Nikola's stock is down by 6% as of 10:50 a.m. ET. Investors typically sell high-growth tech stocks when bond yields rise because it means that future profits from these companies will be worth less than they would have been if rates remained lower.
Yahoo Finance's Julie Hyman and Brian Sozzi discuss Sofi and United Health care stocks.
After initially trading up on generalized enthusiasm or tech stocks (in the wake of yesterday's Microsoft-Activision Blizzard merger announcement), shares of semiconductor giant Nvidia (NASDAQ: NVDA) took a turn for the worse Wednesday, and are now down 2.6% as of 11:30 a.m. ET. At its current valuation of 93 times trailing earnings, Nvidia is one very pricy stock. The average valuation of stocks on the S&P 500, for example, is just 26 times earnings, meaning Nvidia shares cost more than three times the average.
Let’s talk about quality stocks. Of course, this is the direction that every investor wants to go; but the question is, how to recognize them? Do we go all-in on the big-value, big-name giants? Or do we dig a little deeper, and find the high-end nuggets that are hiding in the sandheap? Weighing in from investment bank Morgan Stanley, chief investment officer Lisa Shalett recommends the latter. She recommends investors to look for beaten-down stocks, equities that have lost value recently – but t
It is hard to get excited after looking at Roku's (NASDAQ:ROKU) recent performance, when its stock has declined 51…
The cut doesn't mean the business is in trouble, and AT&T's payout will still provide a solid passive income. AT&T has a pending deal to spin off WarnerMedia, AT&T's streaming and entertainment assets, and merge them with Discovery to form a stand-alone, new streaming company. AT&T shareholders will receive 71% of the shares of this new business, and shareholders of Discovery (also the proposed name of the new company) will receive the other 29%.
With the expected explosion of data coming over the next several years, these two stocks could benefit immensely.
In this article, we discuss the 13 best cloud stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Cloud Stocks To Buy Now. The cloud sector has been pummeled in recent weeks after the Federal Reserve indicated that interest rate hikes are on […]Midstream giant Enterprise has plenty of cash to pay its distribution, but don't expect big increases anytime soon.
Still wondering if a bear market is coming soon for the S&P 500? It's already here now for a staggering number of big U.S. stocks.
Yahoo Finance's Brian Sozzi and Julie Hyman break down Procter & Gamble's latest earnings report and how the consumer goods company is raising prices to combat inflation.
Ford will record an $8.2 billion gain on its investment in Rivian when the Detroit auto maker reports its fourth-quarter financials.
If pre-market trading volumes are any indication, the Nasdaq could hit this low point as soon as this morning.
It's been about a year since GameStop overtook headlines and the 'meme stock' phenomenon was born. However speculative assets have been under pressure recently amid expectations of a more hawkish Federal Reserve to combat inflation.
If you were lucky enough to own a $3,000 stake in Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) when he took control of the company in 1965, that position would now be worth nearly $81 million. The Oracle of Omaha's knack for finding high-quality long-term investment opportunities has led to market-crushing results, and his storied performance means the investing world tends to keep a close eye on his company's holdings. Let's take a closer look at five top stocks backed by Berkshire Hathaway that are worth buying and holding for the long term.
In this article, we discuss the 10 best fertilizer stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Fertilizer Stocks To Buy Now. Fertilizer prices across the world have skyrocketed in recent months amid a production lull from China, an export ban in […]Bill Baruch, Blue Line Futures President, and Jason Ware, Albion Financial Group Partner and Chief Investment Officer, join Yahoo Finance Live to discuss market lows, the Fed, the financial and bank sectors, and investing opportunities amid high volatility periods.
Already a flourishing footwear brand, the maker of foam clogs is now better positioned for long-term growth.
Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) dropped Wednesday morning after the company conducted a business update webcast and made an accompanying Securities and Exchange Commission (SEC) filing that featured new projections for fiscal 2022 revenue — and 2025 revenue as well. As of 10 a.m. ET, Plug stock is down 2.2% (but trending higher). In its update, Plug Power predicted that by the end of this year, it will be producing 70 tons per day of "green hydrogen" (that's liquid hydrogen produced from power generated by renewable energy sources).

source

You might also like

More Similar Posts

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Menu