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Blockchain

Creatanium Wallet app debuts by bringing digital currencies into Singapore’s high-tech Funan Mall

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Mobile application Creatanium Wallet allows shoppers to use digital currencies for their meals at the newly revamped Funan Mall, one of Singapore’s iconic electronics and IT meccas that officially opened last week after a three-year makeover, thanks to a partnership between local F&B group Kopitiam and international blockchain firm PLMP Fintech.

The Creatanium Wallet is a hybrid mobile app that acts both as a secured virtual storage for digital currencies and as a user-friendly gateway for cashless transactions. “We are not here to compete with the existing e-payment platforms, but to apply their successful model to digital coins”, explains corporate finance expert Kym Kee, one of the ideators of the Creatanium brand.

Payments at the mall are made through the Creatanium Wallet directly from centralised ordering kiosks by scanning a dynamic QR code with instant conversion of the price from fiat dollars to tokens. “We created a seamless experience to show people that digital currencies function in the same way as their national equivalents”, says Karan Bharadwaj, who coordinated the API integration between the two systems.

Taking inspiration from Apple’s ecosystem strategy, PLMP Fintech has allocated part of its international blockchain team to the creation and continuous improvement of a hybrid digital wallet that allows for e-payments via QR codes and an exchange platform for trading and currency conversion, together with customer support counters across Southeast Asia to provide advice and assistance.

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Ease of access is not the forte of today’s crypto industry, where users are required to download several apps, create multiple accounts and go through repeated rounds of background checks (KYC) to purchase, trade, use or sell digital currencies. Through the Creatanium ecosystem, each service can be accessed under the same network for faster processing, convenience and the safety of handing personal data and assets to a single company that users can trust.

“The opening of the new Funan marks the official entry of digital currencies into everyday life”, announces Nicholas Lim, the young techpreneur who conceptualised and launched the Creatanium token last year. Leveraging on the safety and convenience of its all-in-one ecosystem, the Singapore-made digital currency aims at being the pioneer to achieve the goal of mass adoption with the futuristic mall as testing ground before other partnerships are unveiled.

 

SOURCE Creatanium

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Blockchain

Africa Loyalty Programs Market Databook 2025, with Safaricom, Paga, M-Pesa, Airtel Money, MTN MoMo, Pick n Pay, JumiaPay, Paycode, TradeDepot, Shoprite, Flutterwave, Takealot, Ecobank and More

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African Loyalty Programs Market

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Blockchain

Taraxa Report Reveals 20X Overestimation In Blockchain Throughput

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As the Layer-1 ecosystem is increasingly flooded with inflated performance claims, new research from Steven Pu, Co-Founder of Taraxa, delivers a reality check. Using data from Chainspect, the study evaluates the cost-efficiency of 22 blockchains by analyzing the real-world cost of running a validator node against actual mainnet throughput.
Blockchain performance reports often rely on idealized scenarios with private testnets, specialized hardware, and unrealistic assumptions that inflate transactions-per-second (TPS) numbers. This results in performance claims that look impressive on paper but do not hold up in practice.

Pu’s research introduces a more pragmatic approach—measuring transactions per second achieved on mainnet per dollar spent on a validator node (TPS/$). This simple yet powerful metric directly addresses the distortion in performance figures by shifting the focus from theoretical throughput to cost-adjusted efficiency. By assessing how much real transaction processing power a network provides per dollar spent, this study offers a fair and verifiable way to compare blockchains on a level playing field.

Figures are produced by dividing the observed mainnet throughput by the monthly cost of a single validator node. The goal is to ensure that blockchain developers, investors, and users have access to data that truly reflects network sustainability and scalability.

This research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Tellingly, the results expose a striking gap between theoretical performance figures and real-world results. Figures show that theoretical throughput is overstated by a staggering average of 20 times when compared to actual mainnet observations. This means that TPS figures, often cited in whitepapers and marketing materials, vastly exceed what is achievable under real-world conditions.

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Such a significant discrepancy suggests that developers, investors, and users may base their decisions on numbers that do not hold up outside of a controlled test environment. This calls for a reform in how blockchain performance is reported and evaluated.

“Investors, developers, and users deserve transparency,” explains Pu. “The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions.”

“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics that actually impact usability, cost-efficiency, and decentralized adoption.”

Findings also show that only four out of the 22 blockchains achieve a double-digit TPS/cost ratio. This low percentage highlights that most networks require high expenditures to reach modest transaction rates. Many networks fall short when the real cost of running a node is considered. Users and developers face a challenging landscape where performance is not always backed by cost efficiency.
Rather than dismissing other chains, Taraxa calls for more transparent, verifiable and balanced metrics for comparing blockchains. The research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.

Overall, the research challenges common industry practices that rely on overly optimistic theoretical metrics. The market often relies on figures generated under ideal conditions that rarely match everyday use.

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By basing this study on data from live networks, the Taraxa team provides a more grounded look at blockchain performance. The focus on cost efficiency and real-world conditions helps set a new standard for performance reporting.

The post Taraxa Report Reveals 20X Overestimation In Blockchain Throughput appeared first on News, Events, Advertising Options.

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Blockchain

TRM Labs Expands Wallet Screening Solution to Combat $11 Billion Crypto Fraud Epidemic

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