Nash has released its quarterly report for Q2 2019, which highlights various development updates, planned improvements, and new hires. Nash indicated it had increased its managerial focus on team performance, which define the processes and formal workflows necessary for growing the company.
While the team was successful in submitting a large number of deliverables internally, the most significant milestone was preparing the MVP for the non-custodial exchange’s August 23rd launch.
Upon the launch of Nash’s MVP, users will have access to NEX token staking, ETH/NEO cross-chain trading, funds management tools, and fiat ramps. In conjunction with the MVP platform, an iOS and Android mobile application will launch to facilitate Know Your Customer (KYC) background checks.
However, not all 50 US states will be able to access Nash come August 23rd. Nash has confirmed that on launch they will only be able to operate in the following 19 states: Arkansas, Idaho, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Michigan, Missouri, Montana, New Hampshire, New Jersey, Pennsylvania, Tennessee, Texas, Utah, Virginia, Wisconsin, and Wyoming.
While Nash offers a fiat ramp through currency partners with money transmitter licenses, they’ve also entered a partnership with “one of the largest credit card processors in the world.” Credit card support would enable users to purchase digital assets directly from Nash.
Future partnerships will focus on improving the utility of Nash Pay by offering fiat settlement to merchants through global foreign exchange markets.
Ten employees joined the Nash team in Q2 2019 – with plans to continue expanding – which necessitated a redesign in team management and structure. Nash has moved away from capability-based teams, to teams established according to time zones.
Along with the reorganization, in Q2 Nash implemented a fortnightly update for its MVP, a process the team says has increased productivity significantly and has prepared Nash for scaling its operations.
Examples of Nash’s new hires include:
- An applied cryptographer to the Applied Research and Technical team
- An engineer in the Security and DevOps team
- Two engineers in the Settlement and Portfolio team
- An engineer in the Trading and Accounts team
- Two engineers in the Payments and Mobile team
- A designer in the Marketing, Communications, and Design team
Looking ahead for the rest of Q3 and Q4, Nash aims to implement new services into its platform, improve mobile application functionality, and expand its market.
In the second half of 2019, the team seeks to introduce a second-generation authentication protocol that will improve upon the current usage of private keys when it comes to providing transaction signatures. In Q3, Nash plans full wallet support for Bitcoin, Litecoin, and related chains, as well as the introduction of its non-custodial Bitcoin trading protocol.
The mobile application will include security upgrades with “Secure Enclave” technology, which secures data in a users device even if the iOS kernel is hacked. Nash iterates the security upgrades provide a “similar authentication experience to the best online identity management platforms.” The app will be continually updated throughout the year, with the team seeking to add a mobile wallet, integrate Nash Pay, and a create mobile-friendly interface for the exchange.
Lastly, Nash seeks to expand its offerings and markets, citing a tentative Nash Pay release for Europe and the US in 2019. The team also plans to localize its offerings for customers in Latin America, Africa, and Southeast Asia, citing developing countries as a major market for Nash.
The full quarterly report can be found at the link below:
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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