An outline of everything that happened at LGO during the month of July 2020.
- LGO Insights: Digital Assets in South America
- LGO Technology Explained 2/3: Performance
Bull market! In July 2020 the price of Bitcoin finally breached the 10,000$ limit, paving the way for the start of what some foresee as the next big bull market for the industry. Meanwhile, we maintained a steady growth of our OTC activities, and saw some additional influx on our exchange due to the recent volatility. Thanks to our South American clients, we’ve had the opportunity to analyze this in more depth and share our findings with our community. Last but not least, we’ve been preparing the release of our OTC web UI and API, which should be available to our institutional clients in the course of August.
LGO Perspectives: The cryptocurrency ecosystem in South America
At LGO, we believe cryptocurrencies to be much more than speculative instruments. In fact, many tend to forget that one of the most interesting use cases for crypto is Satoshi Nakamoto’s initial promise; a payment system. In today’s financial system, payment systems, specifically for cross border and remittance services are tremendously inefficient. Innovations in the crypto space leverage blockchain technology to provide more efficient solutions for individuals and businesses to exchange value across the world. Our research teams at LGO have written a full report on the cryptocurrency ecosystem in South America, as well as the inefficiencies of correspondent banking that crypto is looking to solve. If you would like to read more, the first edition of the “LGO Insights” series can be found here.
LGO Technology Explained (2/3): Performance
We are happy to announce the release of the second part of the “LGO Tech” series. Last month we revealed the platform’s functioning and the design choices implemented by our Technology team to allow for a fully operational and efficient exchange platform. As we have said, we believe our technology to be one of our greatest assets and we enjoy sharing our decisions with our community so you can fully appreciate our technological platform’s true worth.
Read the 2nd part of the LGO Technology Explained series here.
DashPay Partnership: Empowering A Global Crypto Remittance And Payment Rails Network
As a leading institutional trading platform, LGO not only aims to serve its clients globally but also to actively participate in expanding the current cross-border payment network through blockchain-based solutions. Through our OTC platform, Dash holders will gain access to deep liquidity, competitive prices and industry-best customer services. This partnership will reinforce Dash’s position as the leading digital cash for individuals and businesses around the world. Ultimately, this enables Dash and LGO to better compete against traditional remittance systems. More here.
In the Media this month
LGO was featured in the press several times this month! Hear from our CEO and more in the featured press releases below.
- 6 Questions for Hugo Renaudin of LGO ; Cointelegraph
- ICO, At the Dawn of a New Era ; La Tribune
- LGO on the O Show
- Crypto, Meet Fiat. You Two Should Get A Coffee Sometime; Cointelegraph Magazine
- Remittance and Payments: Crypto’s Big Opportunity in Latin America; Nasdaq
Videos & Podcasts
- Hugo Renaudin on The Growth of Institutional Demand for Crypto ; Iconic Holding Podcast
- Dash Partnership Announcement (if you missed it from our last community update)