Blockchain
FibSWAP Announces the World’s First Revolutionary Payment Gateway for NFT Marketplaces That Allows Payment in Different Cryptocurrencies
Dubai, United Arab Emirates–(Newsfile Corp. – June 30, 2022) – FibSWAP DEx® to release a revolutionary payment gateway for NFT Marketplaces which allows buyers to pay with any token inside our bridge chains. Currently options for buyers to pay in tokens are very limited for all marketplaces, with FibPal this will no longer be the case.
FibSWAP to release FibPal – multichain payment gateway for NFTs
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FibSWAP DEx® is an interoperable multi-chain decentralized exchange that allows people to swap tokens between different EVM chains. They are releasing a new payment solution, FibPal to take that same technology and apply it directly on NFT marketplaces.
Marketplaces payment methods
Currently, NFT Marketplaces are very limited when it comes to giving buyers options for payment. For example, one of the biggest marketplaces, Opensea, only accepts ethereum and polygon as a form of payment. This limits buyer options due to the fact that holders may have other tokens they would like to pay with.
About FibPal™, FibSWAP DEx™, roadmap and timelines
FibPal is currently partnered with many NFT marketplaces so far to implement the payment solution. The FibSWAP DEx® core team who is developing FibPal states that FibPal would be released in Q2 of 2022.
FibSWAP DEx® has their own governance token $FIBO.
About FibSWAP
FibSWAP DEx® aims to disrupt the crypto trading world by enabling users to swap tokens across multiple chains using something called IMBS (Interoperable Multi Chain Bridge System). This creates a bridge, which will allow users to swap tokens from one chain to another in one seamless, instant transaction. FibSWAP DEx™ will have the lowest fees on the market with its unique lowest fee swap aggregator.
For more information about FibPal, join the FibSWAP DEx® telegram where you can speak directly to the FibSWAP DEx® core team. FibSWAP DEx® will provide more information in the coming days, regarding FibPal.
Contact Information:
Name: FibSWAP DEx LLC
Company website: FibSwap.io
Visit their Website | Twitter | YouTube | Telegram
END OF RELEASE
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129437
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Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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