Quadriga to launch first Canadian Blockchain R&D lab

FinTech | November 16, 2015 By:

Quadriga Corp announced its plans to launch Canada’s first exclusive research and development lab for Blockchain technology and is already working on its first project.

Quadriga has chalked out the lab’s first project – a platform developed to serve two core functions.

They are, handling the “onboarding and client data management for financial crime systems” using Blockchain technology and; supporting machine to machine (M2M) payments with always-on Internet of Things (IoT) providers for all participating cities.

“We are very excited to be starting a Blockchain lab and helping to develop FinTech in Canada…to be the intersection point for M2M payments for cities as they become digital and need to build in micro-payments that are efficient, instantaneous and transparent.,” said Quadriga CEO Gerald Cotton.

Quadriga provides a wide range of innovative products and services, including Canada’s longest-running Bitcoin trading platform, a digital currency merchant payment processing platform and a peer-to-peer remittance service via which users can send secure funds to recipients worldwide.