Crypto Wallet BRD Expands Core Business, Launches Enterprise Blockchain Service ‘Blockset'

    BRD, a Mobile crypto wallet services provider backed by Ripple as well as SBI Holding, has announced it is expanding to the enterprise sector and has launched Blockset blockchain that will enable developers to easily develop apps for enterprises.

    In a press release, the firm explained that the new blockchain will be a data integration platform that comes with different tools that will enable coders to develop quality enterprise blockchain applications. The new product will target the banking and financial services providers and big crypto-based firms. According to the announcement, Blockset will offer tools that are ready to use that will reduce the costs of development for coders.

    One of the major benefits of Blockset is that nodes can easily be hosted ‘out of the box’. This will help in the reduction of the hosting costs as well as development costs that are used by blockchains offering major chain support.

    More than 20 financial institutions are already testing Blockset blockchain in what the firm termed as a private pre-release program. The program has notable names such as SBI Holdings, Ripple as well as KPMG. BRD plans to bring on board crucial channel partners as well as global system integrators in order to fast-track the adoption of the blockchain in the coming months.

    BRD also stated that Blockset will be available globally starting from Jan. 17, and will focus more on the financial sector and other blockchain-based enterprises like exchanges. According to the company,

    “Blockset … will fundamentally realign BRD’s business model for the high growth demands of the financial services and banking industry worldwide.”

    Currently, Blockset top cryptos like Bitcoin, Ethereum, XRP, Bitcoin Cash and Hedera. Plans are underway to add more cryptocurrencies before the end of the year.

    According to the firm’s CEO and co-founder, Adam Traidman, about 90 percent of the largest banks in the world are exploring crypto and it is thus clear that the demand for enterprise blockchain services is on the rise. He added,

    “That is why we developed our own proprietary platform (Blockset) which banks, financial services, and large crypto companies will now be able to leverage to accelerate their time to market and deliver enterprise solutions to scale on a global basis for a fraction of the development costs.”

    Update To Original Article: Headline change while adding in more information from BRD.

    The BRD team reached out to us to clarify on our original headline that this is not a ‘pivot' from their core business, just an expansion into new areas.

    The BRD consumer wallet business just had its best year ever (new users) and they also had a record number of new user growth in Q4. Most importantly, they will continue to invest and hire for our consumer wallet business. It's more expansion into a new market for BRD; the enterprise data integration space for blockchain.

    In spite of what appears to be a ‘glass ceiling' on consumer crypto growth the past 18 months, the BRD mobile apps have grown tremendously. We just wrapped up a record quarter (Q4 2019) and a record year (2019) for new user growth. We closed 2019 by crossing over the 3M users mark worldwide (73% growth to our total installed based Y-o-Y). We remain humbled by the fact that over $6 billion USD worth of crypto assets under our protection, that kind of faith in our brand is the singular inspiration behind all our endeavors.

    What's been driving the 2019 growth are the sizable enhancements we've made to our Android app that's allowed us to have a much stronger presence in emerging markets in Asia and South America.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Joseph Kibe
    Joseph Kibe
    Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Community Sentiment Still Bullish Despite BTC Trading 40% Lower Than Yearly High

    Bitcoin proponents had a lot of expectations from 2020, given the impending Block Reward Halving and the expected bull run. The year started as...

    Modern Monetary Theory (MMT) vs BTC to be the Main Event of 2020

    The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight...

    This Crisis Is A ‘Perfect Storm' For Bitcoin But We Could Be In For A ‘Prolonged Bear Market'

    Bitcoin is back in the green, recording the gains of 3.14% in the past 24 hours while volume on the top ten exchanges with...

    Banking Giant Santander to Bring One Pay FX Payment System to Mexico Utilizing RippleNet

    In 2020, the major Spain-based bank Santander is planning to roll out the One Pay FX program, its Ripple powered system for international payments,...

    Bitcoin Bull Market Won’t be Happening Immediately After the Halving: Bitmain CEO

    Bitcoin is currently trading above $6,300, still down over 14% on a year-to-date basis but up more than 60% from the 2020 low of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.