Blockchain Press Releases
Fexco Announces Corporate Sponsorship of Tonga Rugby Team
- Sponsorship builds upon over 14 years of Fexco support for the Tongan Community building on its support of the Pacific Games later this year.
- As rugby celebrates its 100th year in Tonga in August 2023, Fexco commits to fund Tongan preparations for the 2023 Rugby World Cup and beyond.
NUKUʻALOFA, Tonga, Aug. 10, 2023 /PRNewswire/ — Irish financial technology and business services company, Fexco Group (“Fexco” or “the Group”), and its currency brand, No1 Currency are set to further extend its support of rugby in the Pacific Islands. Fexco is announcing an expansion of its commitment to the development of rugby through a new corporate sponsorship deal with the Tongan national rugby union (“Tonga rugby”) ahead of the 2023 Rugby World Cup.
The partnership reinforces both Fexco and No1 Currency’s commitment to nurturing rugby at a grassroots level, and the support for Tonga rugby in its preparations for the World Cup, aligns with the Group’s four-decade objective of making a positive impact in the communities where it operates.
In addition to the World Cup support, Fexco will also assist Tonga in their Oceania Rugby Men’s Championship campaign and associated friendly games. Through the long-term support of rugby which is culturally important to Tonga, and the Pacific Islands, Fexco aims to make the game more accessible to anyone who wants to play and bring communities together.
Recognising the funding challenges faced by Tonga rugby, Fexco’s sponsorship will provide crucial support for the team’s travel to France, as well as supplying necessary kits and training materials for their participation in the Rugby World Cup.
As part of the sponsorship agreement, Fexco will proudly display its logo, representing the Fexco Group, on the back of the Tonga Rugby kit’s shoulders. Furthermore, its renowned currency exchange brand, No1 Currency, will be prominently featured across the rear of the shorts.
Neil Hosty, Fexco CEO said today:
“Fexco is pleased to announce its sponsorship of the Tongan national rugby team, which expands on our ongoing support for rugby in the Pacific Islands. For over 40 years now, the Group has been committed to making a positive impact in its communities, through the funding of local sports clubs and other local organisations. We are proud to extend this commitment to the Kingdom of Tonga from the Kingdom of Kerry in Ireland. We hope that this sponsorship will mark the expansion of its relationship with Tongan rugby that will see Fexco support the game from grassroots right up to professional level. We also look forward to launching similar initiatives across other locations in the region.”
Tongan rugby CEO, Peter Harding, welcomed the announcement:
“Rugby is a huge part of the Tongan culture, drawing immense support from communities across the islands. However, we have faced challenges in securing funding. That is why we are thrilled to have Fexco onboard as our sponsors for the 2023/24 season. This sponsorship will play a crucial role in financing our preparations for the upcoming Rugby World Cup and establishing development structures to foster the game’s expansion throughout the country, benefiting players from all levels of our society.”
Headquartered in Killorglin, Co. Kerry, Fexco operates in 29 countries, including Tonga and the wider Pacific region, where it has maintained a prominent presence for over two decades. Fexco specialises in money transfer, currency exchange, and international payment services, offering its expertise to governments, non-profit organisations, businesses, and individuals through its No1 Currency brand.
Rugby occupies a vital role in Tongan culture as the national sport, commanding a devoted and passionate fan base. Nevertheless, due to the country’s small population and competition from neighbouring Pacific nations, the sport has encountered financial hurdles at both national and community levels.
Rugby was introduced to Tonga in the early 20th century by sailors and missionaries, leading to the establishment of the Tonga Rugby Football Union in late 1923. Notably, August 4th, 2023, will commemorate the 100th anniversary of the first rugby game played on Tongan soil. Tonga has achieved remarkable victories in Rugby World Cup history, including their unexpected 19–14 win over France in the 2011 World Cup. Additionally, on November 24, 2012, Tonga secured their first victory over a traditional rugby power on a European pitch with a 21–15 win against Scotland at Pittodrie Stadium.
As the last constitutional monarchy among Pacific Island countries, the Kingdom of Tonga holds a unique place in the region.
Fexco’s Presence in South Pacific
For close to two decades, Fexco has been dedicated to supporting communities and providing sponsorship that drives empowerment, innovation, and inclusive growth on a global scale. By investing in the communities, it serves, Fexco creates an environment where businesses and individuals can thrive together.
This announcement further extends Fexco’s commitment to community support and sponsorship initiatives in the Pacific region. Alongside backing Tonga Rugby, Fexco/No1 Currency will also undertake the role of the official foreign exchange provider for the Pacific Games, a continental multi-sport event that occurs every four years, bringing together athletes from islands spanning the Central and South Pacific Ocean. These games will take place scheduled in November 2023 and will be hosted in the Solomon Islands.
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About Fexco
Recognised as one of the world’s original and most established fintech players, Fexco employs over 2,600 people across its suite of companies headquartered in Killorglin, Co. Kerry located in the South West of Ireland. Founded in 1981, Fexco now has operations in 29 countries across Europe, the Middle East, Asia-Pacific, North America, and Latin America.
Fexco serves some of the world’s biggest brands across multiple industries, predominantly in the payments and FX sectors, through a wide range of innovative products and services including Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Shopping Retail FX, and Clear FX. Fexco also offers bespoke Managed and Advisory Services as well as a full suite of payment management solutions through its Corporate Payments business.
Since inception, Fexco has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers. To find out more visit www.fexco.com
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Blockchain Press Releases
Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
About Webb
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
Noteworthy Features
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
What’s Next?
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Whitepaper: Read here.
- Get Started: PolkadotApps for Tangle Network
- Documentation: docs.webb.tools
Get Involved
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
Contact Us
For media inquiries, partnerships, or more information, email us at [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/webb-unveils-tangle-network-testnet-pioneering-the-future-of-private-decentralized-applications-301940846.html
Blockchain Press Releases
ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”
The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).
Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.
Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.
Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges. ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.
For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article
About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.
CONTACT: Jacelynn Pang, [email protected]
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SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.
WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.
The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.
Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”
As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.
About BingX
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit https://bingx.com to learn about BingX.
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