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DISC acquisition furthers Rivetz blockchain-based payment strategy

Tony Zerucha

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Decentralized mobile security solutions provider Rivetz has acquired DISC Holdings, a mobile blockchain-based payment applications provider. The deal furthers Rivetz’ strategy to combine the trusted execution environment (TEE) already in millions of devices with the blockchain’s immutable record keeping capability to provide strong consumer e-commerce security.

DISC’s smart payment app employs blockchain and distributed ledger technology to help users make secure payments and manage their finances. The app was designed to meet GDPR data privacy and protection requirements. The entire platform supports both those with and without standard bank accounts and originated from the United Kingdom’s Financial Conduct Authority’s sandbox for innovative payment technologies.

“DISC is providing a proven blockchain-based payment solution for the U.K., and we’re enthusiastic to expand the DISC footprint and feature set by leveraging Rivetz technology,” said Steven Sprague, founder and CEO of Rivetz. “By combining the strengths of Rivetz and DISC, we plan to set a new bar on the consumer mobile payments experience and simplify consumer access to our ecosystem by growing the services of identity, messaging and blockchain.”

“Our smart-money app is giving rise to a new system of secure money exchange for those outside the mainstream banking system,” said Robert Kay, director of DISC Holdings. “We are now joining forces with Rivetz to usher in a new era for the secure exchange of goods and services.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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