Blockchain
Cybrid Raises USD $3.1 Million to Embed Crypto and DeFi Experiences Within Fintech Platforms
Toronto, Ontario–(Newsfile Corp. – April 7, 2022) – Cybrid Technology Inc, the crypto banking-as-a-service provider, today announced that it has secured USD $3.1 million in seed financing to support the expansion of its developer-focused crypto platform for fintechs and challenger banks. The investment was led by Golden Ventures, with participation from Luge Capital and Harvest Venture Partners.
Founded in June 2021, Cybrid will use the new funds to grow the team and continue development of its B2B developer-focused cryptocurrency infrastructure. The platform enables fintechs and other enterprises to easily launch crypto capabilities to their end users. For example, Cybrid enables direct-to-consumer crypto investing, access to DeFi savings accounts, attaching crypto to points programs and other modern financial services. The platform is architected to provide easy access to the realm of decentralized finance (DeFi), which is notoriously complicated to enable directly. Registrations for platform access have been growing steadily since January 2022. Interested organizations can get started in minutes via the Cybrid developer sandbox.
The trillion dollar cryptocurrency industry presents untapped opportunities such as new revenue streams or enhanced customer retention for fintechs, challenger banks, payment processors, rewards companies and small business financial service providers. “Easy, developer-friendly access to the world of crypto and DeFi is the core ingredient to improving financial services for everyday consumers,” said Avinash Chidambaram, Co-Founder and CEO of Cybrid. “Cybrid is removing the complexity that would ordinarily be required for our customers to offer crypto products, which are increasing in demand every day.”
The Cybrid platform is architected to deliver the industry’s best B2B development experience, making integration of the growing crypto ecosystem into traditional finance or web2 products a breeze. The platform offers more than just a traditional API. It includes fully cross-platform SDKs for Apple, Android and web platforms, including drop-in user interface components that can be themed and customized by partners. This dramatically reduces the time and cost of development, enabling organizations to launch a crypto offering in weeks.
“Golden Ventures was attracted to Cybrid’s incredible team, and deep bench of product engineering talent. Cybrid is building the future of financial services that will one day seem obvious in hindsight,” said Ameet Shah, General Partner at Golden Ventures.
“Cybrid is the connection between traditional financial products and the future of finance,” said Karim Gillani, Co-Founder and General Partner at Luge Capital. “Avinash and Brent have assembled the dream team, and they’re laser-focused on simplifying access to crypto and DeFi.”
About Cybrid
Cybrid is a B2B crypto infrastructure platform that empowers neobanks, financial institutions and payment providers to easily integrate cryptocurrency and DeFi capabilities into their products. Cybrid’s white-glove tooling is built by developers, for developers, and eliminates the complexity and high cost typically associated with building a cryptocurrency offering.
Cybrid works closely with its B2B partners to help them understand the cryptocurrency ecosystem and determine the best way to integrate crypto into their offerings. Cybrid is headquartered in Toronto, Canada and is backed by venture investors including Golden Ventures, Luge Capital and Harvest Venture Partners.
Cybrid Contact
Avinash Chidambaram
+16472026108
[email protected]
[email protected]
Blockchain
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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