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Airfox Teams with Mastercard and Zurich Insurance in Digital Banking Service Expansion

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Airfox, a startup providing transformative financial services to emerging markets, today announced a partnership with Mastercard Brazil that vastly extends the availability of affordable and cost-free banking solutions with 1% cashback to customers. Building its digital challenger bank built on the principles of financial inclusion and trust, Airfox has secured three additional major partnerships  — Mastercard, Cielo, and Zurich Insurance  — that expand on its existing partnership with Brazil retail giant Via Varejo. The new Airfox contracts exceed US$77 million(BRL$300 million).

“By combining Via Varejo’s expertise in financial services with Airfox’s advanced technology, we are able to offer our customers even more ease and convenience,” said Felipe Negrão, chief financial officer, Via Varejo. “With Airfox, we are developing financial solutions that add value to deliver a seamless experience for banQi customers.”

Fintech evolution

Targeting emerging economies, Airfox is successfully executing on a mission to shift the financial paradigm toward greater inclusion with banQi, it’s free and flexible Brazillian banking service designed to accommodate every socioeconomic status. Leveraging new partnerships with Mastercard, Cielo, and Zurich Insurance, Airfox is enhancing and extending banQi functionality to provide greater financial services access to enormous and chronically underserved populations in Brazil.

Airfox worked with strategic partner Via Varejo, a leading Brazilian retailer, to evolve its digital wallet into a challenger bank announced on June 5, 2019. According to Reuters: “Stocks in Sao Paulo climbed 0.6% on broad-based gains last week. Electronics and appliance retailer Via Varejo was the top gainer, up 4%, after it launched a digital bank on Wednesday targeting low-income clients in partnership with Boston-based startup Airfox.”

In partnership with Mastercard Brazil, banQi clients will have access to digital and physical prepaid cards that can be used for online and offline purchases. Unlike traditional debit and credit cards, customers can qualify for banQi without a formal credit history and do not need to open a bank account at a brick-and-mortar establishment. Available fall 2019, the Airfox Mastercard feature will also make cash more conveniently accessible by allowing banQi clients to withdraw cash directly from most ATMs in Brazil.

“This strategic partnership with Airfox provides not only convenience and secure transactions, but also financial and digital inclusion for a portion of the population that doesn’t have access to financial and digital services,” said João Pedro Paro Neto, president of South America and Brazil, Mastercard.

Later this year, Airfox’s digital challenger bank will be available in all 800+ Casas Bahia stores across Brazil. banQi clients will have the ability to deposit and withdraw money at any of Via Varejo’s Casas Bahia stores located in 400 cities. The Airfox cash-back Mastercard provides users with an easy and straightforward way to recoup 1% of everything they buy. To help banQi clients build savings effortlessly, customers also will earn cashback on money stored in their banQi digital wallets.

“At present, those without bank accounts face daily financial challenges,” said Victor Santos, chief executive officer and founder, Airfox. “Generally, the poorer you are, the more you pay for financial services and the less access you have to wealth-building instruments. Today’s largely digital world presents an opportunity to balance that inequity — and banQi services represent a leap in the right direction.”

Mobile payment partnership

Airfox also announced a partnership with CieloLatin America’s largest credit and debit payment processor that covers 99% of Brazilian territory. The partnership with Cielo enables banQi clients to pay for purchases via mobile device using QR codes. “For Cielo, this is a big step in our mission to be more inclusive,” said Paulo Caffarelli, president, Cielo. “The QR code acts as a barcode, which banQi users can scan with their smartphones to pay for purchases instantly.”

The banQi platform integrates with more than 1.2 million convenient Cielo point-of-sale (POS) locations in stores and retailers across Brazil. In addition to simplifying payments, banQi also offers cashback on purchases made via Cielo QR codes. “Providing convenience and choice to the financially underserved is in our Airfox DNA,” said Gustavo Ribeiro, president of Brazil, Airfox. “With the Cielo partnership, Airfox is giving our clients instant access to more than one million merchants all over the country.”

Accessible insurance for emerging economies

“This opportunity sets the stage for Airfox to supply customers with an innovative way to purchase insurance via the banQi mobile application, allowing more people to access and benefit from insurance services,” said Douglas Lopes, global financial advisor, Airfox.

Zurich Insurance, one of the world’s largest and most progressive insurers, already holds a multi-year partnership with Via Varejo to bring a diverse portfolio of digital insurance products to banQi customers  — such as lending insurance, unemployment insurance, mobile phone insurance, and life insurance. With growth-enabling regulation increasing insurance penetration in emerging markets, Airfox seized on the opportunity to extend a social safety net for its banQi community.

“Insurance is extremely important to safeguard the material achievements of individuals in this segment, and the digital platform will help broaden the reach to that sort of protection,” said Edson Franco, chief executive officer of Brazil, Zurich Insurance.

banQi: The digital challenger bank for all Brazilians

In Brazil, anywhere from 10–25% or more of an average person’s income can go towards banking-related expenses every month. To accelerate financial inclusion, Airfox aims to provide an array of financial services at a fraction of the cost of traditional banks, using three complementary core technology pillars: blockchain, machine learning, and mobile. banQi is intended to provide free and simple financial services to all Brazilians.

banQi is the only digital bank in Brazil launching 1,000 offline physical “bank branches” in Casas Bahia stores to reach the underserved in local communities. With 80,000 downloads of the Airfox app via Google Play prior to banQi rollout, Airfox has successfully differentiated itself from competitors by establishing global and hyperlocal partnerships that conveniently integrate Airfox into the day-to-day lives of its customers (with more coming soon). Over the next six months, Airfox plans to grow its teams in both Boston and Brazil to execute on its mission of providing high-quality, no-cost financial services to millions of Brazilians.

“These high-impact partnerships and accessible service enhancements represent strategic milestones toward achieving our goal of extending financial inclusion to millions globally,” added Victor Santos. “Today Brazil, tomorrow the rest of Latin America.”

Blockchain

Nex News Network Launches World’s First Blockchain-Integrated Web3 and Metaverse News Platform

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Nex News Network, the pioneering media organization, is proud to announce the launch of its groundbreaking platform, revolutionizing the way news and media are consumed. This year marks a momentous milestone as Nex News Network becomes the world’s first-ever blockchain integrated, Web3, and Metaverse news and media platform. With a fusion of cutting-edge technology and visionary media strategies, Nex News Network is set to redefine the media landscape.

 

A New Era in Media Industry: Nex News Network’s Unique Offering

Nex News Network has embarked on an extraordinary journey to bring the future of media to the present. As a trailblazer in the industry, the platform integrates blockchain technology, Web3, and Metaverse, delivering an unparalleled experience to users. This year, Nex News Network establishes itself as the vanguard in news and media, providing a platform that seamlessly connects diverse sources of information, making them accessible from anywhere, on any device.

 

Innovative Media Revolution

Nex News Network introduces a unique animation concept that transforms the traditional news and media industry. With this innovation, the animation seamlessly integrates with media and news content, sparking a revolutionary shift in how information is consumed. This innovation not only redefines the media industry but also catalyzes a new era of interaction, engagement, and understanding.

 

Empowering Users and Advertisers

Nex News Network brings a new dimension to user experience by creating an integrated platform that caters to a diverse range of interests and categories. Users can explore validated blockchain content, industry news, directories, event information, technology updates, and more. For advertisers, Nex News Network offers direct access to their target audience, bypassing intermediaries and providing real-time performance data for smarter decision-making.

With its focus on blockchain integration, Web3, and Metaverse, Nex News Network embraces the future of digital content. The Metaverse, an advanced digital realm, complements the platform, creating immersive experiences through augmented reality (AR), virtual reality (VR), and artificial intelligence (AI). Nex News Network pioneers the way for this interconnected digital world, offering users a new dimension of engagement and exploration.

 

A Call to the Future

Nex News Network is poised to reshape the media industry by introducing blockchain integration, Web3, and Metaverse technology. Through its visionary leadership, dedication to user experience, and commitment to innovation, Nex News Network is laying the foundation for a new era in news and media consumption. As the world’s first blockchain-integrated Web3, and Metaverse news platform, Nex News Network stands ready to redefine the media landscape.

 

Setting the Stage with NexNews Network – A New Era in Media Consumption and Engagement

NexNews Network pioneers a transformative approach to media consumption, driven by innovation and led by a dedicated team. With a focus on user experience, NexNews Network creates a dynamic space where users can seamlessly access news and media sources from various categories, transcending traditional boundaries.

 

Visionary Leadership – Founder Aakash Jugraj and the Power of Innovation

Under the visionary leadership of Aakash Jugraj, NexNews Network has positioned itself as a trailblazer in the industry. Backed by the reputable Shivaksh Media Group of Companies, the platform represents a fusion of expertise and innovation that sets a new benchmark for media excellence.

 

Founder Aakash Jugraj – A Driving Force for Media Innovation

At the helm of NexNews Network is Founder Aakash Jugraj, a visionary entrepreneur with a deep-rooted commitment to revolutionizing the media landscape. His forward-thinking approach has driven the platform’s mission to redefine publication creation, distribution, and consumption using Web3, Blockchain & Metaverse technologies.of Companies.

Aakash Jugraj, the driving force behind NexNews Network, envisions a media ecosystem that champions transparency, authenticity, and user-centric experiences. His vision aligns seamlessly with the ethos of Shivaksh Media Group of Companies, creating a formidable alliance for media innovation.

 

Continuous Industry Evolution: NexNews Network’s Transformative Role

NexNews Network signifies a departure from traditional media models, offering a continuous industry experience that transcends conventional boundaries. The platform’s transformative capabilities make it a pioneering force in providing a new-age media ecosystem that empowers users with unparalleled access and engagement.

 

Technology at the Forefront: Nex News Network’s Secure and Transparent Platform

Technologically adept, NexNews Network harnesses the power of blockchain integration, Web3, and Metaverse to ensure the highest level of security, authenticity, and transparency. This technological synergy enables users to engage with news and media content with utmost confidence.

 

Personalized User Experience – NexNews Network’s Tailored Approach

Through NexNews Network, users will enjoy a distinctly personalized experience. The platform’s integration of blockchain technology ensures that users can consume news and media content that aligns precisely with their interests, fostering deeper engagement and resonance.

 

Empowering Advertisers: Nex News Network Effective Advertising Platform

Advertisers will benefit from NexNews Network’s innovative approach by accessing a tailored platform that enables direct engagement with their target audience. The blockchain integration ensures a transparent and effective advertising experience, enabling advertisers to refine their strategies based on real-time performance data.

 

Elections

NexNews Network is poised to play a pivotal role in the upcoming election season. With its unique blend of blockchain integration, Web3, and Metaverse, the platform will facilitate informed decision-making by providing accurate and transparent information to voters.

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Blockchain

CoinScan Emerges from Stealth with $6.3 Million in Funding

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CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, today emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on improving the blockchain economy with scalable, accessible solutions.

The company is backed by DraftKings’ #1 individual shareholder and billionaire Shalom MecKenzie alongside Playtech‘s CEO Mor Weizer and Head of Business Development and M&A Roy Samuelov, Shy Datika, iAngels, and publicly traded digital asset company Tectona.

 

“Crypto, much like sports betting, should give people the tools and data to make their own assessments about risk and reward,” said MecKenzie. “CoinScan is introducing a hub of crypto information that users can finally trust for accurate, real-time insights. I see CoinScan as becoming the home page for anyone involved in the crypto industry.”

This year alone, nearly $1 billion has been lost to crypto exploits, hacks, and scams – much of which could have been avoided with better access to data. CoinScan’s unique, groundbreaking scam prevention features include:

  • Safety Checks: This feature assesses a token’s susceptibility to rug pulls or scams by analyzing key indicators such as liquidity locks, token taxes, contract renounce status, and honeypot risks.
  • Holder Analysis: Traders can assess a token’s distribution and health in real-time through CoinScan’s charting terminal. Users can track wallet holdings in tokens and USD, keeping an eye on top wallets’ buying and selling activities.
  • Airdrop Analysis: Traders can protect themselves from ‘soft rug’ scams by using this feature to identify wallets that have received airdrops, assess their value, and cross-reference this information with social feeds to verify legitimacy.
  • Social Sentiment: Recognizing the importance of social sentiment in crypto, CoinScan integrates live project feeds from Twitter, Telegram, Reddit and Instagram to allow users to extract information about a token from its community in real time.

While many crypto data providers are plagued by price inconsistencies and potential biases, CoinScan provides transparent data pulled from multiple sources to provide the deepest charting insights available on the market.

“CoinScan is leading the charge in bucking crypto’s negative reputation by providing better access to data directly from multiple sources,” said Yariv Gilat, Chairman at Tectona. “The platform provides unmatched safety features that make me optimistic for the industry’s future growth, and we’re thrilled to support CoinScan on their mission.”

CoinScan is also the first to bring a Pending Transactions feature to the market in a user-friendly format, giving traders insights into the price action of a token before it happens, rather than after the transaction fully completes. This gives users an unprecedented advantage, as they can essentially see into the future. Traders can also use the platform’s Market Navigation page to search and compare similar tokens to cross-analyze before investing.

“No one wants to spend all of their time researching and analyzing blockchain transactions and social media just to avoid getting scammed. The bar for crypto data was very low, so we built the platform that we wished we had,” said Eliran Ouzan, CEO of CoinScan. “We’re not just giving traders an edge, we’re introducing tools that allow new investors to enter the market with free, accessible, unbiased information that will allow them to succeed.”

CoinScan has been under development for over two years, and recently completed beta testing. The platform’s fundamental mission is to elevate the experience for crypto and DeFi users of all experience levels. To learn more, please visit www.coinscan.com.

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Blockchain

nChain appoints Peter Coulson as its new group COO

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nChain, a leading global provider of blockchain technology, IP licensing and consulting services, today announces the appointment of Peter Coulson as its new group Chief Operating Officer.

Combining a world-leading Web3 IP portfolio together with knowledge, expertise, tools, and products, nChain is well-positioned to enable a seamless business transition from Web2 to Web3.

Peter Coulson joins nChain with a diverse career in strategic, operational, and technical leadership. He has navigated challenging operational environments, led research commissioning, overseen HR, finance, and commercial endeavours, and managed high-value portfolios.

Peter’s last appointment in the Royal Navy saw him Command of the Naval Base in Plymouth; a prominent Nuclear facility and Western Europe’s largest naval base. While specialising as a Weapons Engineer, Peter’s management and leadership experience is broad – including leading the Royal Navy’s surface ship through-life support portfolio, Combat System capability management, working in Private Office of Defence Ministers, engineering and training roles at the Devonport Waterfront, personnel policy in MOD, space research and serving in HMS ILLUSTRIOUS and several frigates. Additionally, Peter has held positions at Harland & Wolff, the University of Plymouth, and various charities.

nChain Chairman Stefan Matthews commented “The entire board is delighted that Peter will be bringing his diverse range of experience and skills to help us create the world that we envision with our technology. Since our inception in 2015 as a blockchain research & development hub, we’ve expanded the limits of what is possible with this technology. With the foundations now laid with our unmatched expertise on this technology built up over many years, Peter will be a key piece of the puzzle as we ramp up our company growth.”

“At nChain, our mission is to eliminate inefficiencies, lower costs and speed up processes, so the global economy will be open, accessible, and secure for everyone. Peter is a crucial hire into our executive team to help us in realising these goals. His focus will be on creating the operational efficiencies that will supercharge our business operations to make the best use of the expert skills and resources we possess.” nChain CEO Christen Ager-Hanssen commented.

Peter Coulson expressed his excitement of joining nChain as the company is rapidly growing. He is motivated to create organisational excellence that allows nChain to deliver on its vision, make positive social impact, and create a brighter future.

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