Hub Culture Partners with PyxPay for Ven Integration

Hub Culture has partnered with mobile payment solutions provider, PyxPay, enabling the latter as an authority to manage its Ven digital currency.

According to its website, Hub Culture is a global collaboration network linking "over 25,000 global urban influentials." It issues its Ven currency, which is redeemable on its network and is claimed to be backed by a basket of currencies, commodities and carbon credits. The currency is traded on Kraken's cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term as well as LMAX's trading facilities.

PyxPay describes itself as a provider of "technology and payment systems to entities across the world who want to quickly establish mobile payment services under their own brand, or one of the many brands employed by PyxPay."

The granting of "authority status" means that PyxPay can manage Ven's transfer to other entities and its trading or conversion with other currencies. It is hoped that the partnership can help bring down the cost of remittances in regions with limited access to financial services.

Several months ago, Hub Culture purchased Alternet Systems (ATS) with its Ven currency, also granting it authority status. ATS, publicly traded on the OTC markets, also said to engage in payment solutions and has recently partnered with BitPay to add Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to its supported currencies.