Blockchain
FINX is Now Available in Bancor Exchange, Bringing Southeast Asia’s Decentralized Banking to The Next Level
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FINX, the pioneering decentralized digital banking platform in Malaysia, announced its addition to Bancor Exchange Network. This allows users to securely purchase, convert, and exchange the FINX token with hundreds of tokens within the network.
FINX has performed a leading blockchain technology in Southeast Asia (SEA) by simplifying the exchange process, which eliminates the third parties to secure users’ private information. With FINX inclusion at Bancor Exchange, this opens a new marketplace for buyer and seller, enabling transactions at anytime seamlessly. The Bancor Formula automatically calculates the rate, with conversions made directly through the token’s smart contract.
“We delve into the best fiat to cryptocurrency exchanges to overcome main financial challenges of SEA unbanked market. Our integration with Bancor streamlines the transaction between buyer and seller in one platform, offering an easy access for unbanked population to transact in crypto as easily as money sitting in a bank account,” said Alan Wee, CEO of FINX.
A research by KPMG stated, a vast majority of Southeast Asians don’t have access to banking facilities, reaching 438 million of unbanked individuals in the region. “We aim to provide full fledge decentralized banking platform to serve Southeast Asia from remittance to micro financing capability by 2021. In this case, fintech adds to the opportunity by creating an infrastructure to make an investment globally accessible and affordable,” added Alan.
Southeast Asia is particularly primed for the rise of digital transaction. It is driven by affordable high-speed internet connections, with the number of active mobile connections across the region now exceeds the total population by about 33%, according to a source by The Asean Post. With the increase in efficiency and real-time manner in digital process, blockchain technology will also see sudden investment boost, reaching over $3 trillion by 2030, as stated in Gartner’s research.
This overarching reach of blockchain technology inspires FINX to consistently increase the efficiency of overall process, allowing users to control and manage money anytime and anywhere from any devices at their fingertips. Integrated to the vivid token converter, FINX aims to enhance blockchain technology on top of the ladder, to make it easier to exchange digital currencies with fiat all through one single platform. For more information, please visit https://finxbanking.com/
SOURCE FINX
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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