Blockchain Press Releases
UnionPay International Signs MOU with Cambodia’s Central Bank
Cambodian visitors to China can make UnionPay QR payments with e-wallets from home
SHANGHAI, July 10, 2023 /PRNewswire/ — Today, UnionPay International (UPI) and the National Bank of Cambodia signed a Memorandum of Understanding in Phnom Penh, Cambodia’s capital. Both parties agree to promote QR code interoperability to better support the residents of both countries in cross-border mobile payment . With this collaboration, Cambodian residents can make payments with e-wallets from their home country in UnionPay’s global QR network which includes China, satisfying their need for mobile payment when they visit China or elsewhere. UnionPay payment information will be integrated into the Cambodian QR so that local QR merchants may also take payments from the UnionPay App and Chinese-mainland banking apps connected to the UnionPay App Network Payment Platform.
With acceptance by more than 90% of merchants in Cambodia, and hundreds of thousands of cards issued by major local banks such as ABA, ACLEDA and Canadia, UnionPay has become a payment tool favored by the residents in the country. In today’s MOU, UPI and the central bank of Cambodia agree to integrate UnionPay mobile payment services into the e-wallets of Bakong, Cambodia’s national mobile payment system. In the future, Cambodian residents can simply use Bakong members’ payment apps for easy payments in Cambodia, China and for cross-border purchases.
The two parties also agree to jointly promote the integration of UnionPay payment info into Cambodia’s national QR known as KHQR, so as to enable acceptance of UnionPay-powered wallets at KHQR merchants. Developed with the support of the National Bank of Cambodia, KHQR has achieved full acceptance coverage in the country. The enablement of UnionPay QR will significantly improve the mobile payment experience of UnionPay cardholders visiting Cambodia.
In recent years, UPI has stepped up efforts in business localization and digitization in order to offer quality payment services to more customers outside China’s mainland. At present, more than 200 million UnionPay cards have been issued in 78 countries and regions outside China’s mainland, and these cards can be used on almost all POS terminals and ATMs in China’s mainland. In line with the changes in consumer payment habits, more than 170 UnionPay-standard e-wallets have been rolled out in 30+ overseas countries and regions. International cardholders can make QR or NFC payments in China’s mainland directly with tools they know well, without the need for a new bank account or a new app.
With the gradual recovery of cross-border traffic, UPI has also been in full collaborations with QR code networks in South Korea, Sri Lanka, Vietnam, Malaysia and more through innovative solutions such as network linkage and payment integration, enabling mutual acceptance. These collaborations allow Chinese tourists to pay with UnionPay wallets at QR merchants in these countries, and at the same time enable speedy acceptance of international wallets at global UnionPay QR merchants, significantly improving payment experience for visitors to China and the rest of the world.
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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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