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Prosimo Disrupts MCN Market by Making Multi-Cloud Connectivity Free

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Overcomes the Biggest Barriers to Enterprise Multi-Cloud Success: Cloud-Native Adoption and Multi-Cloud Connectivity Management

News Summary:

  • Prosimo democratizes MCN, frees cloud engineers from connectivity complexities, shifting focus to application and service networking and redirecting time to higher-value outcomes like app modernization, policy compliance, and cloud cost control.
  • Enterprises using Prosimo MCN solutions witness 30-50% savings in TCO, amounting to millions of dollars. Fortune 500 financial services early adopters acknowledge a minimum of $100,000 value from MCN Foundation alone, surpassing commercial alternatives.
  • MCN Foundation reduces Cloud Connectivity management from weeks to minutes with core capabilities: Seamless onboarding, cloud discovery, VPC/VNET connectivity, access policies, and real-time troubleshooting across any cloud.

SAN JOSE, Calif., June 28, 2023 /PRNewswire/ — Prosimo launches Prosimo MCN Foundation, an industry-disrupting free Multi-Cloud Networking solution powered by its Cloud-Native Full Stack Platform. Prosimo has received accolades from Fortune 500 financial service companies and prominent enterprises for its exceptional cloud-native architecture. The MCN Foundation offering has garnered praise for its ability to deliver significant cost savings, surpassing $100,000 compared to commercial alternatives. By adopting this solution, businesses move to advanced MCN solutions from Prosimo that can achieve a remarkable 30-50% reduction in the total cost of ownership (TCO), potentially resulting in savings of millions of dollars.

More details on MCN Foundation: www.prosimo.io/getmcn

MCN Foundation Accelerates Cloud Adoption

Enterprises progress through three key stages in their cloud journey. Stage 1 involves establishing reliable connectivity. In Stage 2, the focus shifts to supporting applications and services that utilize this connectivity. Finally, in Stage 3, enterprises genuinely reap the benefits of scalable cloud adoption. The current MCN solutions impose excessive time and financial burdens on enterprises due to complexities, lack of focus on applications/services, non-cloud-native operating models, and high licensing fees for Stage 1. These factors continue to hinder the Multi-Cloud Networking market’s growth and slow cloud migration.

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The free MCN Foundation establishes itself as an undeniable starting point. As foundational Cloud Connectivity is delivered, Prosimo sets its sights on elevating the operating paradigm to the application layer and transitioning to a Service Networking environment. This transition enables seamless interconnectivity between applications and PaaS, addressing complex challenges like policy governance, segmentation, expediting app modernization, and optimizing cloud cost control.

“Establishing a consistent, repeatable and scalable way to build connectivity to one or more public clouds and ensuring full end-to-end visibility in these environments are two of the biggest challenges for enterprises. Organizations must overcome the complex and cumbersome legacy connectivity solutions that require significant resources, time, and money to create a multicloud network. Prosimo MCN Foundation democratizes multicloud networking, accelerating the adoption and ability to scale connections to multiple public clouds, while also enabling enterprises to remain in full control of its infrastructure and focus on higher-value outcomes,” said Bob Laliberte, Principal Analyst, Networking at ESG.

“94% of enterprise cloud-native workloads run on multicloud environments and have the desire to increase agility to accelerate business velocity, according to our research. Solving cloud connectivity is a foundational requirement that makes cloud networking transparent and eliminates friction between cloud networking and DevOps, empowering them to work more collaboratively. This enables enterprises to focus on the application and allows DevOps to accelerate cloud migration and deliver innovations aligned with business goals. Prosimo MCN Foundation provides enterprise cloud journeys by enabling organizations to build consistent connectivity and policies across clouds and provides a NetDevOps-centric path for self-service onboarding of applications,” said Paul Nashawaty, Principal Analyst, Infrastructure Modernization, Application Development and Modernization, at TechTarget Enterprise Strategy Group.

Instant ROI with MCN Foundation

“Enterprises are unfortunately stuck today in stage-1 of cloud networking – building network highways and cannot focus on real value – applications, services, and users. The customers who have adopted Prosimo have moved past the initial stages quickly and can rapidly innovate using cloud-native networking,” said Ramesh Prabagaran, Co-founder and CEO at Prosimo. “30-50% savings is not something enterprises can ignore. Value is moving up the stack in cloud networking, and by democratizing MCN, we want to lead the charge to help enterprises get there quickly. Expect a lot of disruption in the market that is suppressed today by traditional approaches to cloud networking.” 

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Free Connectivity Empowers Enterprises to Soar!

Whether it’s instant $100,000 savings or a 30-50% TCO reduction – the starting point is simple and takes just a few clicks.

In <7 minutes, you will be able to build and operate your MCN:

  • Instant discovery and complete visibility into your cloud inventory
  • Cloud Native Connectivity
    • Orchestrate VNET/VPC connectivity and build transit using existing infrastructure in any cloud
    • Build consistent connectivity across clouds
    • Automatic route table updates
    • Enforce Network access policies that can span across regions and cloud
    • Day-0 automation with Terraform
  •   Faster MTTR
    • Complete Network Visibility 
    • View Route and Session table across clouds
    • End-to-End Traceability
    • Diagnostics tools such as TCPDump, CURL, Cloud Traceroute, and Ping
  • Be ready for NetDevOps
    • Unified Terraform automation
    • CI/CD integration
    • Self-service onboarding for developers

Resources

Connect with Prosimo

About Prosimo:
Prosimo delivers a simplified multicloud infrastructure for distributed enterprise cloud journeys. Companies innovate faster and remain in control with the Prosimo integrated stack. This stack combines cloud networking, performance, security, observability, and cost management—all powered by data insights and machine learning models with autonomous cloud networking to reduce complexity and risk. Cloud-forward enterprises, including F100, have adopted Prosimo to successfully roll out revenue-generating applications, improve operational efficiency, and accelerate positive business outcomes. Prosimo is venture-backed by marquee investors such as General Catalyst, WRVI Capital, and Blackrock. For more information, visit https://www.prosimo.io.

Press Contact:
Jin Woo
(510) 691-8862
[email protected]

 

Prosimo unlocks the power of multi-cloud with Full Stack Cloud Transit

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Blockchain Press Releases

KuCoin Introduces Omnibus Account Structure to Enhance Liquidity for Brokerage Partners

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VICTORIA, Seychelles, July 19, 2024 /PRNewswire/ — July 23, 2024 – KuCoin, a leading cryptocurrency exchange, is pleased to announce a significant enhancement to its Broker Program, designed to cater to liquidity-seeking partners. This upgraded program enables participants to leverage KuCoin’s superior liquidity and diverse asset offerings across both Spot and Futures markets. With this enhancement, participants can now benefit from KuCoin’s top-tier liquidity, high-revenue shares, unlimited sub-accounts, and independent deposit addresses, allowing for functional flexibility and maintaining their own client management powers.

“Our new brokerage infrastructure is suitable for multiple types of institutional partners, such as crypto exchanges, execution terminals, layer 2 aggregators, OTCs, and traditional financial service providers venturing into crypto,” said Anton Starchenko, Director of Institution Business Development of KuCoin. 

“This upgrade demonstrates our commitment to providing our partners with the tools they need to succeed in the rapidly evolving crypto market.”

By joining the KuCoin brokerage service, brokers gain access to one main broker account with unlimited sub-accounts. Each sub-account features an exclusive deposit address, serving as a wallet to separate funds and trades. Additionally, each sub-account undergoes independent risk checks. These ongoing risk and compliance measures bolster KuCoin’s commitment to protecting partner interests. Broker accounts are subject to separate fee structures, while the broker receives a combined commission based on the cumulative volume across all accounts.

As a leading platform in the cryptocurrency industry, KuCoin is dedicated to providing top-notch security and reliability. The platform employs state-of-the-art security measures, including advanced encryption protocols, multi-factor authentication, and real-time monitoring systems to ensure the safety of users’ assets. KuCoin’s unwavering focus on security and innovation has solidified its reputation as a trusted and forward-thinking exchange in the global crypto market.

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For more information about the KuCoin Broker Program and the new omnibus account structure, please visit KuCoin’s official website.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/ .

Contact Us to Join

Telegram: @KuCoin_Broker

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Email: [email protected]

Book a Product Call here.

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Blockchain Press Releases

Bybit Launches Block Merchant Program, Offering Up to 3,000 USDT in Rewards

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DUBAI, UAE, July 19, 2024 /PRNewswire/ — Bybit, the world’s second-largest web3 platform by trading volume, announced the launch of its Block Merchant program, designed to empower users to maximize their earnings while buying or selling cryptocurrencies. Through this exciting initiative, Bybit aims to recognize and reward the valuable contributions of its P2P users.

By becoming a Bybit Block Merchant, users can unlock a range of exclusive benefits, including:

  • Lucrative USDT Merchant Rewards: Earn substantial rewards for buying or selling crypto.
  • Enhanced Visibility: Enjoy a prominent position on the platform with a special diamond label and higher priority than Bybit Verified Advertisers.
  • Increased Transaction Limits: Process larger transaction volumes with a single order limit raised to 200,000 USDT.
  • Priority Ad Ranking: Achieve top-tier visibility among advertisers under similar conditions.
  • Swift Appeal Resolution: Benefit from expedited customer service support for any issues.

Bybit is committed to providing its users with exceptional trading experiences and opportunities to thrive in the dynamic cryptocurrency market. The Block Merchant program reflects our commitment, offering users a chance to boost their income while contributing to the growth of the Bybit P2P ecosystem.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 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.

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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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Blockchain Press Releases

Hata obtains full approval from the Securities Commission of Malaysia Launches 30% revenue sharing model on its USD crypto exchange

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  • Hata obtains full approval from the Securities Commission of Malaysia and launched its exchange
  • Support USD onramp and offramp
  • Rolled out affiliate programme, sharing 30% of its trading fee with users who refer others to trade on its Exchange
  • Zero trading fee across major pairs and opportunity to earn crypto airdrop

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — Hata has officially secured full approval from the Securities Commission of Malaysia to launch its exchange. Having obtained full approval from the Labuan Financial Services Authority (a mid-shore jurisdiction in Malaysia) in June 2023, Hata is now the first and only dual-licensed exchange by both onshore and mid-shore regulators in Malaysia.

Filling the gap in Asia with USD onramp and offramp 

Hata operates a US Dollar cryptocurrency exchange, allowing users globally to deposit, trade and withdraw funds in US Dollars. Hata users can also swap US Dollars with USDT for free.

With the foreign exchange market in Asia Pacific recorded at $396 trillion annually[1], Hata aims to serve the large US Dollar foreign exchange market by providing traders and institutions a licensed platform to convert US Dollars into stablecoins to facilitate cross border payments and access cryptocurrency in the region.

“Institutions and high net worth individuals still rely heavily on US Dollars to settle cross border transactions in Asia. With institutional adoption into cryptocurrency on the rise, coupled with weakening local currencies in the region against US Dollar, we foresee users moving their monies into USD pegged stablecoins to conduct transactions.” says David Low, Chief Executive Officer of Hata.

Hata currently supports trading of more than 40 cryptocurrency pairs on its platform that are paired with USDT and US Dollar, with the goal of supporting more crypto products in the near future.

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30% Revenue Share on its Exchange

Hata (www.hata.io) has introduced an affiliate program. Any users who sign up on Hata can refer their family and friends to earn a reward. Hata provides a revenue share of 30% from the trading fees it earns to the affiliates who refer their network to trade on Hata’s exchange.

“This affiliate programme is designed to let users globally capitalise on their network to earn rewards. We hope that this provides an economic opportunity for our users to earn a side income with minimal effort,” says Darien Ng, Chief Revenue Officer of Hata.

Zero trading fees and free airdrop

To further incentivise early users, Hata has also rolled out zero fees for its major crypto pairs, including USD/USDT pair.

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Users who sign up from now until 31 October 2024 and trade on the exchange will be added to a waitlist. Users in the waitlist will have an opportunity to earn free airdrops in the near future.

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