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NEO (NEO) News

Neo Blockchain Partners with Zeux Pushing Payments for Apple and Samsung Apps

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Zeux, a fintech firm that is based in London, has recently confirmed its partnership with the Neo blockchain, an 18th ranked cryptocurrency in market capitalization. In a recent report obtained by the Medium, this newest collaboration between two firms will allow users to convert their digital assets and be able to pay for application in both Apple and Samsung.

This recent announcement is such a piece of great news for the NEO holders who can finally spend their tokens with all applications that accept Apple and Samsung Pay worldwide. As of reports obtained by the Medium, Neo will officially be available on the Zeux app this coming May 7, 2019.

Through this partnership, Neo blockchain and Zeux are both enhancing the pace of the cryptocurrency adoption in the market. While many merchants have already accepted payments through digital coins, the addition of Neo tokens into the Zeux app now allows users to pay with ease for the goods and services they need through the above-mentioned payment options.

Knowing More About Zeux

Zeux is a financial firm that makes an investment, payment, and banking transactions being integrated into one single application. Each user of this application has the chance of making every transaction easy. They will have their own digital bank account where they can control transactions made on their digital wallet. Hence, this app gives them chances to buy goods and services at any stores that allow Apple and Samsung Pay.

During the announcement, Frank Zhou, the firm’s Founder and CEO, has expressed his excitement with this upcoming collaboration. On his official statement, he expressed how delighted he is as they will be adding the NEO token into the list of cryptocurrencies in their platform. As these two firms affirm their collaboration, the Founder and CEO also looks forward to a more enhance economy by giving every developer a certain tool where they can create and deploy their own smart contract.

Meanwhile, NEO enthusiasts also believed that this partnership will pave the way to the global exposure of the digital currency in the market. In the near future, they look forward to a greater number of investors in the cryptocurrency community while believing that great business could also happen in the crypto sphere.

What to Know About the NEO Blockchain?

NEO is an open-source digital currency that was launched in China. The NEO token is a representation of an investment token in the blockchain with over 100 million tokens used in block creation. It has been learned by the Today’s Gazette that the indivisibility of the NEO token is something that makes it a lot different from other cryptocurrencies in the digital market. It has been recorded that its smallest unit is always 1.

While NEO is working hard in order to achieve their goals in the market, making collaboration with firms like Zeux is a sure way to provide more of their services to more regions. Furthermore, through this partnership, it has been revealed that NEO tokens will now be available for use in the UK since Zeux has just entered into the UK market.

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Switcheo Officially Launches Cross-Chain Atomic Swaps

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The Switcheo Network is thrilled to announce the official launching of the cross-chain atomic swaps for the Ethereum and NEO blockchains. In an official report obtained by the Medium, it was revealed that Switcheo users are now given the ability to make this cross-chain from the SWTH to the ETH. Apparently, this will make the Switcheo as the first decentralized exchange that finally allows the swapping between these two renowned blockchains.

During the official announcement, Ivan Poon, the Switcheo CEO, made a statement that as they launched this newest feature and platform, they are now giving the users the chance to trade more conveniently between the ETH and the NEO markets respectively. Despite the cross-chain atomic swaps, Poon made sure that users will still have the full custody of their funds regardless of the changes being implemented.

Over the years, this atomic swap technology has already existed. However, Poon added that it is just now that this platform has been widely adopted in the digital market as it has the process to complete a full swap between two blockchains.

The Switcheo Community

A non-custodial blockchain asset trade for ERC20 and NEP5 tokens, that is what the Switcheo community is known for. As they officially introduced the atomic swap between the two blockchains, the market is very thrilled to experience borderless trading in the digital community.

During the launching, John Wong, the Vice-President for Engineering revealed that they have spent a huge amount on creating big improvements that will simplify everything for the customers. A report from UP Crypto added that by making use of this cross-chain atomic swaps, everyone is finally capable in creating constant liquidity no matter what the customer’s date stage is.

What are Atomic Swaps?

Having known the recent launching of cross-chain atomic swaps between ERC20 and NEP5 tokens, not many of the users understand what atomic swaps are all about.

Atomic swaps are a series of blockchain transactions which allow two certain parties to make and perform trustless cross-chain trading activity. With this, any cross-chain trade would be completed even without the use of a third-party and having no loss or risk that may be brought by a counterparty who doesn’t honor a certain deal.

Two steps are reportedly intended to be done in order to make atomic swaps successfully. First, a user will choose a certain password and will use it in order to generate a particular hash. The user will then create a blockchain transaction to a receiver by following a certain instruction.

Meanwhile, while waiting for the transaction to appear in the blockchain, the receiver will also send the same transaction using a certain password hash. When both password hash matches and have been verified, the funds will then be transferred to the user who initiated the first transaction.

While atomic swaps allow a trustless cross-chain exchange, several practices have revealed how troublesome those were. Nonetheless, as the Switcheo Network finally launched this thing, everyone is looking forward to a future that every transaction will be smoother and easier unlike before.

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