Blockchain
Intellabridge Provides Kash 2.0 Product Update
Menlo Park, California and Vancouver, British Columbia–(Newsfile Corp. – December 1, 2022) – Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) (the “Company”, “Intellabridge” or “Kash Corp”), a financial technology company, is pleased to announce that the Company is planning to launch Kash 2.0, an impact finance product providing customers with savings, payments and investments as its core application modules powered by web3 and integrated cashback solutions.
With Kash 2.0, the Company plans to integrate impact finance into financial transactions of each application module, from Web3 savings, trading and investments to debit card payments on the Mastercard network. Kash helps to expand the tools for customers to drive change beyond traditional philanthropy, while leveraging innovative web3 technologies to help maximize the impact.
“With the climate crisis and sustainability taking center stage in headline news, a growing number of consumers today expect more sustainable impact solutions, and innovation in the fintech sector is helping to unlock the potential of sustainable development and social impact,” explains Intellabridge CEO, John Eagleton. “Most Americans want to do more to have an impact, but don’t know where to start. With Kash’s financial impact solutions, customers can integrate impact into everyday life, making environmental and sustainable action easy and automated with every financial transaction.”
The Kash Payments module integrates traditional debit cards with innovative cashback solutions through Web3 integrations and fintech partnerships, to provide customers with one of the highest cashback rates on the market generating automated impact benefits. Strategic partnerships will be announced over the next weeks and months prior to launch in March 2023.
The Kash Savings module will be based on the KASH USDC stablecoin which is designed to make it easy for anyone to earn cashback on Circle’s stablecoins: USD Coin and Euro Coin, without the complexity of having to transfer stablecoins into multiple decentralized money markets. Since KASH USDC is easily transferable just like USDC, it can also be used for payments, remittance, and other financial services that want to benefit from a cashback solution.
Furthermore, holders of KASH USDC would have the option to automatically donate their cashback to charitable organizations based on the United Nations Sustainable Development Goals, adopted as a universal call to action to end poverty and protect the planet, and ensure that all people enjoy peace and prosperity, in line with the Company’s vision to provide a platform for environmental and social investing and a mission to make every financial transaction have a positive impact.
The Kash Investments module is a decentralized exchange which combines integrated web3 self-custody wallets, an order book with aggregated exchange liquidity, customer support, social financial investment tools, and biometric security to provide customers with a comprehensive web3 trading solution.
“Since the recent bankruptcies of centralized exchanges like FTX, Voyager, BlockFi and Celsius, people have realized the value of decentralized exchanges which provide users with multiple advantages including full control over their assets and a growing universe of web3 solutions,” explains John Eagleton. “Despite the advantages of decentralized exchanges, mass market adoption has been slow due to complex user experiences and limited customer support. The Kash Investments module is designed to solve these issues by providing users with an easy-to-use application which integrates user custody, biometric security, realtime customer support, and other web3 integrations, as well as cashback on every transaction.”
The Company is planning to launch an Alpha version of the product in December 2022. The objective of the Alpha version is to pilot and process transactions in advance of a tested and audited live release in March 2023.
An updated website, investor presentation and roadmap are available on the www.kash.io website.
About Intellabridge Technology Corporation
Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) is a fintech company whose product Kash is built on blockchain and traditional financial technologies and which provides customers with access to savings, payments and investment applications powered by web3 and cashback solutions, with additional layers of cybersecurity and customer service. Intellabridge offers depositors self-custody services to empower them with complete control over their accounts through its institutional-grade platform. The Kash 2.0 product is expected to feature self-custody wallets, cashback stablecoins, donation NFTs, fiat-crypto on-ramps, and other DeFi financial services, with plans to offer debit cards, virtual cards, Apple Pay and Google Pay.
The Kash platform is available on web and mobile at kash.io.
For more information on Intellabridge, visit www.kash.io.
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
“Maria Eagleton”
Maria Eagleton, COO
To contact Intellabridge:
Website: www.kash.io
Phone: +1-303-800-5333
Email: [email protected]
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146331
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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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