Terra Pool Developer DMG Blockchain Goes Live on Bosonic Network October 3, 2022 October 3, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 3, 2022 by Kelly Cromley

Terra Pool Developer DMG Blockchain Goes Live on Bosonic Network

Bosonic, a decentralized Financial Market Infrastructure (dFMI) company, has revealed that DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX), a vertically integrated blockchain and crypto tech firm, has been added and is now trading successfully on the Bosonic Network. Utilizing the dFMI technology developed by Bosonic, DMG is now able to convert its bitcoin to fiat money at a cheaper cost and with less risk than conventional exchanges. Additionally, DMG is collaborating with Bosonic to make their dFMI technology available to all Terra Pool members.

The creator of Terra Pool (www.terrapool.io), DMG Blockchain Solutions, is uniting bitcoin miners to generate carbon-neutral bitcoin. DMG has just opened Terra Pool to the wider Bitcoin mining public and announced the launch of a marketplace for accessing its green bitcoin. The relationship with Bosonic offers essential capabilities and advantages, including:

  • Cross-custodian trading and settlement of transactions from users’ own custodial accounts
  • Greater security of users’ bitcoin as they never touch a traditional ‘exchange wallet’
  • Ability to set limit orders for buy and sell transactions
  • Real-time monitoring of the bid-ask spread from a tradable aggregation of top exchange and market maker streaming liquidity instead of intermediaries quoting and re-quoting pricing
  • Instantaneous settlement for each buy/sell transaction and extremely fast transfer of BTC/fiat
  • Self-service exchange delivering reduced fees versus traditional OTC desks
  • Sheldon Bennett, the chief executive officer of DMG Blockchain Solutions, said, “We are enthusiastic about integrating the Bosonic Network with our Blockseer product line, which focuses on Terra Pool. The Bosonic Network links our custodian directly to institutional purchasers without middlemen and provides a unique clearing and settlement infrastructure for trading digital assets in real time.” He continued, “Over the last several months, DMG has tested the exchange by selling over two million dollars worth of bitcoin, and we are really pleased with the results.”

    Rosario Ingargiola, the chief executive officer of Bosonic, said, “We are thrilled to welcome DMG Blockchain Solutions to the Bosonic Network, increasing our ecosystem of major industry players.” He said, “Providing institutional customers with access to carbon-neutral Bitcoin mining demonstrates our continued commitment to ESG and sustainability as we create the future possibilities of the network.

    AuthorKelly Cromley

    Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.