ICON Confirms Payments, Listing Partnership with Chain Partners

South Korean Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term company ICON announced on Wednesday that it is partnering with Chain Partners.

The deal will see the two financial technology companies join forces to work together on a number of different projects.

In a statement, ICON said that it would be discussing the listing of its own cryptocurrency - ICX - on Chain Partners' cryptocurrency exchange.

Developer apps (Dapps), which are designed for the ICON blockchain, may also be listed on that exchange as a result of the partnership.

Called DAYBIT, Chain Partners' cryptocurrency exchange was built on the elixir blockchain. The financial technology company says that, because of that, it is able to rapidly complete a large number of transactions - something many other blockchains have struggled to do.

OTC and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term

Aside from its cryptocurrency exchange, Chain Partners will also be trading ICX and ICON Dapp tokens via its over-the-counter trading desk.

ICON claims that, by using this service, it will greatly improve the liquidity of its own tokens, as well as any Dapps built on its blockchain.

Lastly, the deal between the two companies could see South Koreans being able to pay for goods and services with ICX.

That's because Chain Partners also operates a cryptocurrency payments solution called Coinduck. The technology firm will be integrating ICX into that payment solution, allowing anyone that uses it to transact in ICX.

“This partnership is the first step towards cooperating with Chain Partners to take the lead in creating a healthy blockchain ecosystem beyond the vitalization of the ICON’s DApp ecosystem," said Min Kim, a council member of the ICON Foundation.

"ICON will expand the cooperation with Chain Partners, which is becoming a global blockchain fintech company, to various sectors in the future.”