Hodler’s Digest, March 18–24: Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network

This week, six international banks signed letters of intent to issue their own stablecoins — which will be backed by their national fiat currencies — on IBM’s now-live blockchain-powered payments network, “World Wire.” According to the joint announcement by IBM and Stellar, the World Wire has gone live with over 44 banks on its service, supporting 47 currencies in 72 countries. The IBM project was launched with Stellar in September 2018, and plans to expand the blockchain-powered settlement network to further assets. The first six banks publicly signed on include Brazil’s Banco Bradesco, South Korea’s Bank Busan and the Philippines’ Rizal Commercial Banking Corporation.

Payment Service Square Is Hiring Crypto Engineers, Offers Salaries in Bitcoin

Twitter and Square CEO Jack Dorsey tweeted this week that United States-based payment platform Square is hiring cryptocurrency engineers with the option of getting a salary in digital currency. According to Dorsey, the open, remote positions will involve full-time work on open source contributions to both the Bitcoin (BTC) and cryptocurrency ecosystem, as opposed to working on Square’s commercial interests. In another tweet, Dorsey noted that the idea of paying employees in crypto is part of the overall aim of improving the broader crypto ecosystem.

Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies

Digitec Galaxus, the leading Swiss online retailer, will now accept payments in ten different cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases worth over CHF 200 (about $200). The retailer’s new payment method has been developed along with Swiss payment processor Datatrans and Danish crypto payments startup Coinify. The firm has also added a crypto wallet category with a dedicated guide and blog post explaining various facets of the crypto industry.

US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager

American payment services firm Visa is advertising for a crypto and blockchain-related job opening at its Palo Alto office. The job at Visa Fintech, which is titled Technical Product Manager, requires an employee that will be responsible for managing Visa’s product strategy execution in the cryptocurrency sphere, making the roadmap for the firm’s crypto-related opportunities. The job listing notes that a candidate must have knowledge of the crypto industry and its main players, an understanding of distributed ledger technology, and familiarity with the current retail payment solutions.

QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani: Report

According to a report from Bloomberg this week, the co-founder of the controversial QuadrigaCX exchange reportedly has a criminal past and spent time in a U.S. federal prison. Michael Patryn, according to Canadian legal documents, changed his name twice from his birth name of Omar Dhanani after being deported to Canada following identity theft charges related to bank and credit card fraud. Patryn reportedly left Quadriga in 2016, and was not associated with the exchange when its other co-founder Gerald Cotten died and left $145 in clients crypto assets missing. Patryn has denied any connection to Omar Dhanani.