Blockchain Press Releases
Electreon Wins the First Electric Road Tender in Norway: The Nordic EV Leader Joins Sweden, Germany, Italy and the U.S. with it’s First Wireless Electric Road for Electric Vehicles (EVs)
BEIT YANAI, Israel, June 26, 2023 /PRNewswire/ — Electreon (TASE: ELWS), announced today that the Transportation Authority of Trøndelag County has selected Electreon’s wireless Electric Road System (ERS) as the sole tender winner for charging a bus wirelessly. This tender was planned specifically to evaluate wireless charging products for AtB’s BRT routes, and the unique geographic and climatic conditions of Trondheim. The project deployment will begin in the summer of 2024. The initial phase will include an Electric Road section, located on a public road next to AtB AS main bus depot, and will involve a comprehensive series of tests, and thorough evaluation of Electreon’s charging capabilities in both drive and stop modes. These meticulous tests aim to demonstrate Electreon’s resilience and reliability, guaranteeing its ability to perform optimally in real-world conditions as a key energy provider for AtB’s BRT lines. This project marks the initial phase of AtB’s preparation for its Metro/BRT bus contract.
The ambitious long-term vision of AtB is to establish an electric road in the city of Trondheim, making it accessible to all fleets as a shared charging platform for AtB’s buses, e-trucks, and e-taxis. This wireless charging road multiplies its impact by tenfold, offering zero visual impact while enabling true sustainability through reduced EV battery sizes and en-route charging. Norway is known as a leader in EV adoption worldwide with an ambitious goal of phasing out internal combustion engine cars by 2025.
AtB, is responsible for planning, purchasing and developing public transport services to the region and is fully owned by the Trøndelag County Authority. The PTA purchases transport services to the value of approximately 200 million euros annually. The Transport Authority has an exceptionally advanced and expansive public city and regional bus network. The rapid transit routes have become the backbone of the bus network in the county. Each bus is 24-meters in length, with a current carrying capacity of up to 159 passengers. The exceptionally developed expansive public city and regional bus network runs a fleet size of approximately 320 buses operating across 170 bus routes.
While these bus models are well-suited for the extensive local public bus network ridership in Trondheim, electrifying these vehicles in the city presents unique localized challenges. The long routes require the double-articulated e-bus model to carry several tons of batteries, which adds to their cumbersome nature and minimizes the environmental benefits of transitioning to e-buses. Moreover, the hilly terrain of the region significantly increases vehicle energy consumption. Additionally, Trondheim, situated around 650 km (400 miles) from Oslo in Norway, experiences substantial climatic variations, ranging from a humid continental to a subarctic climate. This fluctuating weather poses an additional obstacle to the electrification of the e-bus fleet, as the vehicles require extra energy for heating and cooling. However, by utilizing Electreon’s ERS product to electrify the bus route, it becomes possible to reduce the size of the bus’s battery, increasing the sustainability of the project. Furthermore, the system is designed to charge the buses reliably in any weather or terrain conditions, enhancing the overall efficiency and resilience of the electrification endeavor.
“Inductive charging of vehicles in motion can be an important technology for the transport sector. This project will be most relevant for buses and lorries. The project will provide important knowledge for the coming bus tender in the greater Trondheim area, in operation by 2029. We want to contribute to reducing the barriers for making use of inductive charging under challenging winter conditions and learn how to make it successful”, says Konrad Pütz, Director of Transportation, Trøndelag county authority.
“We are thrilled to have been selected as tender winners. Norway has built out an extensive public charging network, and we are thrilled to add Electreon’s cutting edge technology to their portfolio.” said Maher Kasskawo, Business Development Manager for Electreon in the Nordics. “We believe Electereon’s wireless charging will not only meet but exceed expectations in supporting clients with a seamless transition to electric buses. Our solution ensures that this transition maintains the operational efficiency of the bus fleet, while reaping the benefits of sustainable transportation with reduced battery size and weight. It is an honor to be part of this project and demonstrate the strengths of our technology in the harsh winter tests.” Maher Kasskawo went on to say.
About Trøndelag County and AtB
To learn more of Trøndelag County authority please click here
To learn more of AtB please click here
About Electreon
Electreon is the leading developer and provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services, to meet the needs and efficiency demands of shared, public, and commercial fleet operators and consumers. The company’s proprietary inductive technology dynamically (while in motion) and statically (while stopped) charges EVs quickly and safely, eliminating range anxiety, and reducing battery capacity needs-making it one of the most environmentally sustainable, scalable, and compelling charging solutions available in the market today. Electreon collaborates with cities and fleet operators on a “sale”, and on a Charging as a Service (CaaS) business model, that enables cost-effective electrification of public, commercial, and autonomous fleets for smooth and continuous operation. For more information, visit electreon.com.
Electreon Media contact
Keren Alleson Gerberg
keren.a@electreon.com
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Blockchain Press Releases
Request Finance acquires Pay.so Lithuania; launches revolutionary one-click crypto/fiat payment solution.
The acquisition allows clients to compliantly make payments to third parties, pay bills, and pay employees with a one-click on/off ramp feature.
PARIS, Nov. 25, 2024 /PRNewswire/ — Request Finance, a leader in crypto and fiat financial operations, has announced its acquisition of Pay.so Lithuania, a regulated VASP. The acquisition enables Request Finance to provide a fully compliant, one-click on/off ramp payment solution that bridges crypto and fiat, streamlining global transactions for businesses of all sizes. Now, Request provides a multi-payee on/off ramp, consolidating its position as the one-stop shop for all finance operations of businesses of all sizes.
Pay.so Lithuania operates under one of the strongest and most reliable regulatory frameworks for companies providing services on digital assets. Pay.so has grown tenfold in just nine months, solidifying its position as a key partner for significant corporations adopting digital currencies. With one of the broadest currency coverages in the market, Pay.so has been providing Request Finance’s clients with fiat payouts in a wide range of currencies for several months now, including USD, EUR, GBP, AUD, CHF, SGD, NZD, THB, HKD, IDR, CAD, INR, AED, KRW, JPY, MYR, and PHP.
By acquiring its trusted long-term partner, Request Finance now powers the smoothest Fiat2Crypto onramps and Crypto2Fiat offramps for $100 to $100 million transactions.
This acquisition brings uniquely powerful on/off ramp for its clients, as simple as in one click. Clients can now make offramps and onramps to and from third parties. This applies to direct payments, multi-payee bill payments, and employee payments.
Chris Butcher, CEO of Pay.So US, commented, “The acquisition of this regulated Lithuanian entity puts Request in a prime position to double down on fiat payments and extend its lead as the number one crypto accounting and payment solution.”
Cameron Butcher, CTO of Pay.so US, added, “Request has inherited a unique platform, processing millions of dollars of volume daily, on local payment rails worldwide, all while maintaining airtight compliance”.
Valentin Faye, Head of Legal & Compliance at Request Finance, added, “Acquiring a VASP and pursuing MiCA compliance is essential for building trust and long-term growth in our digital finance landscape. We ensure that our operations meet the highest security and transparency standards and that our clients transact confidently across borders in full compliance with regulations. This positions us to support the largest enterprises as they adopt digital currencies. Plus, offering our users the first in a long line of regulated services enables them to manage all their operations with and from our platform.”
Christophe Lassuyt, CEO of Request Finance, mentioned, “This is a game changer for Request Finance which now supports a broad range of hybrid businesses, from those who want to earn revenues in digital currencies without touching crypto, with no crypto on the balance sheet, to those who run compliant finances without a bank account“.
Check out what finance leaders say about Request Finance’s new feature:
- Diego Casanova, Sr Finance Operations Analyst at Decentraland Foundation, mentioned: “We have been using Request Finance since 2022 to streamline our crypto payments. One of the most valuable features for us has been the batch payment option, which simplifies complex transactions. A few months ago, we were introduced to a new feature within the platform, allowing us to make seamless fiat payments using crypto through its off-ramp services. Since then, our experience has been outstanding, with consistent support from the Request Finance team, always attentive to our needs and inquiries.”
- Daniel Lustig, Head of Operations and BI at Ocean Protocol, added: “Since the Request team introduced crypto-to-fiat payments, our workflow has become incredibly streamlined. The new solution has enabled us to handle both crypto and fiat transactions seamlessly, allowing us to focus more on our core business without worrying about complex conversions and payment tracking. It’s been a game-changer for our team, providing a new level of transparency we’ve been looking for. Needless to say our auditors love it, too.”
- Krisztin Lipárdi, COO at Galaxis.xyz, highlights that “Request Finance has honestly changed the way how I at Galaxis handle payments. Earlier I had to use several platforms and I had to separate Crypto and Fiat payments. Seeing all the invoices at one place and the Crypto to Fiat feature has made my life so much easier. The multi-currency options are perfect for my clients across the globe. I really wouldn’t want to go back to anything else!”
About Request Finance:
Request Finance‘s mission is to enhance crypto adoption by compliant businesses. The all-in-one finance platform for crypto and fiat operations already offers Accounts Payable, Accounts Receivable, Accounting, and direct payments to 190+ countries.
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View original content:https://www.prnewswire.co.uk/news-releases/request-finance-acquires-payso-lithuania-launches-revolutionary-one-click-cryptofiat-payment-solution-302295754.html
Blockchain Press Releases
Africa Exclusive: Bybit Promotes Crypto Education with P2P Security Webinar
DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event.
P2P Security Webinar
On Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics:
- Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity.
- Staying safe with Bybit P2P: users get to discover Bybit’s security tools and the latest features to combat fraudulent attempts.
- Trading with confidence: users will gain practical advice and practical tips on how to trade safely.
The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers.
10,000 USDT Rewards for First-Time Deposits
From Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply.
“Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth,” said Joan Han, Sales and Marketing Director at Bybit.
P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/africa-exclusive-bybit-promotes-crypto-education-with-p2p-security-webinar-302314163.html
SINGAPORE, Nov. 22, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a pioneer in digital payment solutions, and Polygon Labs, a software development company building the leading network of aggregated blockchains via the AggLayer, today announced their strategic collaboration aimed at unlocking the full potential of digital finance, focusing on the expansion and adoption of WUSD, WSPN’s flagship stablecoin.
WSPN has integrated Polygon PoS into its WUSD network infrastructure earlier this year. Now, this collaboration will focus on rapidly expanding WUSD adoption. Polygon Labs’s crucial liquidity support will be instrumental in bolstering WUSD’s mass adoption across various markets.
This collaboration will unlock opportunities to explore a range of innovative use cases for stablecoins, payments, and DeFi. Key areas of focus include facilitating payments and tokenization solutions for companies operating in Hong Kong SAR and Singapore, developing on-chain green finance projects tailored for African clients, and building robust DeFi platforms that leverage the strengths of both WSPN and Polygon technologies. These initiatives are strategically designed to address diverse market needs and drive the adoption of WUSD across a variety of regions and sectors.
By combining WSPN’s expertise in stablecoin solutions with Polygon’s advanced blockchain infrastructure, this collaboration will drive significant advancements in the digital asset space, particularly in emerging markets and the rapidly evolving DeFi sector.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About Polygon Labs
Polygon Labs is a software development company building and developing a network of aggregated blockchains via the AggLayer, secured by Ethereum. As public infrastructure, the AggLayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Polygon PoS, Polygon zkEVM, and Polygon Miden, which is in development, as well as Polygon CDK.
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View original content:https://www.prnewswire.co.uk/news-releases/polygon-collaborates-with-wspn-to-drive-stablecoin-adoption-through-wusd-302314191.html
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