stable coins
By Julie Binoche
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What the Software Actually Does. The compliance tool works by adding controls to stablecoin transactions before they finalize.
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What Comes Next for Coinbax. Coinbax plans to use the $20,000 to refine the software and expand its capabilities.
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Coinbax walked away with $20,000 at Consensus Miami. The prize came from PitchFest, where the startup showed off compliance software built specifically for stablecoin payments.
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The win puts Coinbax in the spotlight at a moment when compliance has become a major headache for anyone dealing with digital currencies.
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The competition at Consensus Miami drew dozens of projects. All of them pitched solutions to different crypto problems.
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The software integrates with existing payment systems, or at least that's the plan. Coinbax didn't share technical details about how the integration works or which platforms it…
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Stablecoin adoption has surged over the past few years, especially in cross-border payments and remittances.
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Coinbax plans to use the $20,000 to refine the software and expand its capabilities. The company didn't say when it expects to launch a commercial version or which markets it'll…
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The lack of specifics leaves a lot of questions. Will Coinbax focus on exchanges, payment processors, or individual businesses that accept stablecoins?
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See also: Kraken Drops $600M on Reap as Stablecoin Play Targets Asian Traders
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And that's probably intentional. Startups often hold back details until they've locked down partnerships or funding.
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The recognition at PitchFest gives Coinbax credibility it didn't have before. Winning a prize at a high-profile event like Consensus Miami signals to investors, partners, and…
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Consensus Miami brought together founders, developers, investors, and regulators all looking at the same question: how does crypto grow without running into legal trouble?
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The $20,000 won't last long in the world of software development. But the prize matters more for what it represents than the dollar amount.
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Other companies are working on similar problems. Some focus on know-your-customer checks, others on transaction monitoring, and a few on sanctions screening.
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