Blockchain
Global first: Nigeria’s Central Bank affiliate, NIBSS, joins Zone’s blockchain network
The partnership between the Nigeria Inter-Bank Settlement System (NIBSS) and Zone represents a significant step forward in integrating blockchain technology into mainstream financial systems. NIBSS is set to utilize Zone’s blockchain network to enhance its Payment Terminal Service Aggregation (PTSA) operations, a key regulatory function in Nigeria that ensures all payments made at Point-of-Sale (PoS) terminals are routed through an aggregator before reaching the cardholder’s bank for authorization. This system is crucial for maintaining oversight and compliance with the Central Bank of Nigeria’s (CBN) payment standards.
By adopting blockchain, NIBSS is decentralizing its PTSA function, which will eliminate the existing single point of failure in transaction routing. This move not only enhances the security and efficiency of the payment process but also preserves and potentially improves the regulatory monitoring and reporting capabilities mandated by the CBN.
Zone’s blockchain network, which includes some of Africa’s largest banks, offers several advantages, including decentralized routing that allows direct exchange of financial messages between banks without intermediaries, real-time settlement for instant transaction finality, and automated reconciliation features that help resolve disputes preemptively in real-time. This partnership is expected to significantly enhance the efficiency of Nigeria’s payment systems, reduce costs, and promote financial inclusion.
NIBSS’s involvement in Zone’s blockchain network is a pioneering move that could inspire similar initiatives globally, showcasing how traditional financial institutions can collaborate with fintech innovations to improve regulatory oversight and operational efficiency. This partnership aligns with broader trends, such as Central Bank Digital Currency (CBDC) pilots and other blockchain initiatives, indicating that blockchain technology is poised to play a central role in the future of global finance.
NIBSS MD/CEO, Premier Oiwoh, emphasized that this partnership represents a milestone in driving innovation and positioning Nigeria at the forefront of the global payment space. Similarly, Obi Emetarom, CEO and Co-founder of Zone, highlighted the transformative potential of blockchain technology in enhancing regulatory oversight and improving service delivery within the financial sector. As digital and decentralized financial systems continue to evolve, such collaborations between traditional financial entities and blockchain technology are likely to shape the future landscape of global finance.
Source: businessinsider.com
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Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
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Bybit Fintech FZE
Blockchain
DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com
DYOR, the innovative cryptocurrency research and analytics platform, has announced a listing partnership with Ava Labs, the company behind the Avalanche blockchain and AVAX coin, to launch on January 25th. The collaboration coincides with Ava Labs’ decision to reduce gas fees on Avalanche by one-twenty-fifth, a 96% decrease and a significant move to further drive blockchain adoption and accessibility.
The announcement also marks a series of exciting developments for DYOR, including the acquisition of the premium domain DYOR.com and the appointment of Matt Dyor as an advisor. Dyor, who has held key roles at Google, Amazon, Microsoft and other leading tech companies, brings a wealth of expertise in scaling technology platforms and user-focused innovation.
“What excites me the most is DYOR’s focus on bringing new users into crypto,” said Matt Dyor. “The most exciting aspect is how DYOR addresses real-world financial needs—going beyond just buying and holding crypto. By enabling smart contracts, decentralized trust, and seamless, automated payments, DYOR is bridging the gap between Web3 and traditional finance in a truly impactful way.”
The partnership with Ava Labs underscores DYOR’s mission to empower crypto enthusiasts and institutional users with transparent tools to make informed decisions. Avery Bartlett, Head of Business Development at Ava Labs, expressed enthusiasm about the collaboration: “Avalanche has some of the smartest devs building some of the most forward thinking applications in crypto. What we’ve been needing more of is cutting edge trader tooling for the on-chain degens that make this industry so exciting. DYOR is moving at the speed of light to deliver on some of the tooling this chain deserves. Excited for them.”
The acquisition of DYOR.com further cements the platform’s position as a trusted resource for crypto research and education, making it more discoverable and user-friendly for audiences worldwide.
DYOR Labs is redefining DeFi with a cutting-edge platform that empowers traders and developers alike. Offering real-time insights, advanced token data, and customizable workflows, users benefit from unmatched speed and cost efficiency. With features like fiat on/off ramps, cross-chain swaps, a native DEX, and Team Dashboards for transparency and project management, DYOR ensures seamless trading and trust-building across blockchains. Looking ahead, DYOR is set to launch AI-powered insights, gamified user engagement, on-chain ad auctions, and integrated social feeds, solidifying its position as a leader in DeFi innovation.
As DYOR continues to expand its capabilities and partnerships, this collaboration sets the stage for a new era of transparency, accessibility, and utility in the cryptocurrency space.
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