Blockchain
SKYBIT Will Use Blockchain Technology to Help to Achieve the United Nations Sustainable Development Goals
Singapore–(Newsfile Corp. – October 26, 2021) – SKYBIT International is a social enterprise based in Singapore that applies blockchain technology to provide a modern financial bridge between emerging nations in Southeast Asia and the rest of the world. The SKYBIT ecosystem of products and services curates gap-filling opportunities for inclusive growth development for the people, businesses and industries of Southeast Asia. For those eligible for bank accounts, the difficulties of sending money through the traditional banking system, now coupled with the pandemic, has isolated people and businesses in Southeast Asia from the rest of the world, hindering progress and development in the region. SKYBIT is building the foundation for an inclusive and innovative digital industry.
The United Nations Sustainable Development Goals would also be addressed indirectly by SKYBIT. One immediately available benefit is facilitating more donations to aid organizations in South East Asia who are all working to address a variety of Sustainable Development Goals. Aid organizations of any size can now receive donations from anyone anywhere in the world instead of just local donors who may not have much money to give. This will allow them to have more resources to help the neediest and collectively make progress in achieving the Sustainable Development Goals.
The Earthshot Prize (UK) launched in 2020 by The Royal Foundation and Prince William, Duke of Cambridge, would also be addressed. The Royal Foundation addresses pressing environmental and conservation crises by bringing together environmentalists, businesses, global leaders, and NGOs to find solutions. The Earthshot Prize aims to find new solutions that work on every level, have a positive effect on environmental change and improve living standards globally, particularly for communities who are most at risk from climate change. Through SKYBIT developments, they mission towards making a difference.
SKYBIT uses digital assets that flow freely on the Internet regardless of country borders. Easing the flow of monetary value will open up multiple opportunities for Southeast Asian countries, in line with national development plans, United Nation’s Sustainable Development Goals and the Earthshot. This will continue the fight started by the Millennium Development Goals against extreme poverty, and add targets relating to inclusive growth and environmental sustainability. All of this will assist to make progress on poverty reduction, disease control, and increased access to schooling and infrastructure in the poorest countries in South East Asia.
SKYBIT’s international payment processor and marketplace will allow businesses of any size, across Southeast Asia to earn income by offering goods and services to international customers and easily receive payment in local currency. In particular, people in rural areas who produce ethnic arts and crafts can now target an international market rather than only a relatively limited number of tourists passing by their physical stall. SKYBIT has signed a memorandum of understanding with Frontier Technology Partners to work with Entrepreneurs to assist ethnic minorities to use the SKYBIT platform. Giving people across South East Asia an opportunity to earn a new income stream, helping to alleviate poverty.
SKYBIT has done the groundwork for the upcoming paradigm shift of individual empowerment through freely flowing global value exchange. They have the potential to revolutionize entire industries and even create new ones in South East Asia. This will help to economically strengthen the region and in turn, raise the standard of living for people within these areas.
Next… lookout for SKYBIT NFT which is being launched soon!
For more information please visit the website. www.skybit.asia or join the SKYBIT telegram channel: https://t.me/SKYBITASIA you can also follow them on Twitter: https://twitter.com/SKYBITASIA
Media Contact –
SKYBIT ASIA
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100882
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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