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**Alert** Bitcoin Mass Adoption Crypto Currency News - Update

This is issue is all about Crypto Currency Mass Adoption If you need additional information, would li
September 6 · Issue #127 · View online
Master Life, Money and The Markets With DCG
This is issue is all about Crypto Currency Mass Adoption
First news.
Bitpay To Allow Cash Withdrawals From Any ATM In U.S. Again.
Hi BitPay Card users,
Every now and then we’ll reach out to you to let you know about big things happening with your BitPay Prepaid Visa® account.
We are excited to announce that starting September 5th, ATM withdrawals will be re-enabled for your account. You can learn more about the fees and limits for the BitPay Card here.
We value and appreciate your continued use of the Card. If you have any questions about this notification, please contact us at or call the cardholder services team at (855) 884-7568
Best, The BitPay Team

Bitcoin, Major Stablecoin Wallets Added to Samsung Galaxy S10
Why Are Institutions Paying Top-Dollar For Grayscale's Bitcoin Trust? | Crypto Briefing
$1 Bln Worth of Bitcoin Moved to Unknown Wallet. Some Suggest It Could Be Bakkt Warehouse
Tap the equity in your home. Approval in 5 minutes, funding in 5 days. | Figure — Home equity redefined
The product that has been built by Figure is a perfect example of the value that can be created when you digitize assets in a thoughtful, compliant manner. Here is a simplified way of describing what they do:
Mortgage transactions have a borrower and a lender. Between those two parties, there are approximately 5-7 middlemen who charge a total of 7-8% fees per transaction. This process is fairly slow and fragmented.
Figure has “automated” the mortgage process by creating software which removes the need for each middleman. The automation of this process also decreases costs to ~5% transaction fees. Customers can now apply for a HELOC and be told within minutes whether they qualify or not and then receive the funds within 5 days.
The automation of the mortgage transaction was previously not possible because each mortgage was either analog (physical paper) or electronic (CUSIPs). Those technologies are not compatible with “automation software,” but the advent of a digital mortgage changed all of that. Since launch, Figure has grown significantly.
The latest public numbers are that Figure is issuing $85 million in loan originations per month. That puts them on more than $1 billion in annualized originations. Not bad for a company that is only ~ 18 months old.
Figure has also built a blockchain-based transaction settlement layer (Provenance) which closely mimics the Depository & Trust Corporation (DTCC). In the traditional financial system, the DTCC settles more than $2 quadrillion of transactions per year. Obviously, that is a lot of transactions!
The Provenance blockchain empowers financial firms to benefit from same day settlement times (DTCC is 2 or 3 days), lower costs, and potentially higher ratings from the rating agencies (see Provenance’s white paper on this here). While many people have promised similar benefits, no one has been able to (1) build the product, (2) get it launched, (3) put material volume through the product, and (4) entice large financial firms to begin moving their assets over.
Figure has successfully done all four of these things. But they aren’t alone. The company announced yesterday that Caliber Home Loans, one of the largest mortgage lenders in the country, has also started to originate, service, and finance mortgages on the Provenance blockchain. Pretty incredible.
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