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The World’s First Blockchain-based Digital Collector Coin Buyers will be Identified Using Artificial Intelligence

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iDenfy, the Fintech Startup of the Year and the Central Bank of Lithuania, announce a partnership to offer digital coin buyers a convenient ID verification process based on artificial intelligence.

The LBCOIN is the first digital collector coin in the world, created using blockchain technology. This digital coin has a set of 6 randomly chosen digital tokens, and upon collecting a token from each of the six categories, they can convert it into a physical collector coin. The silver coin size and form will resemble a credit card, depicting the Act of Independence. The Bank of Lithuania will be issuing 4,000 LBCOINs—that means 24,000 digital tokens. They are available to purchase on the Bank of Lithuania e-shop from 23rd of July 2020.

iDenfy’s biometric verification solution will help verify customers’ identities to buy LBCOIN complying with know your customer and other directives from the state law.

iDenfy automates the identity verification process; their ID document detection solution can recognize documents by type and country. At present, they’re supporting more than 1300 ID documents from more than 200 countries, making it easier for the Bank of Lithuania to accept investors from different regions. The national bank using ID check with facial recognition solution can quickly verify whether the identification information is forged or tampered.

Domantas Ciulde, the CEO of iDenfy, says, “We’re honored that Lithuania’s central bank gives us the opportunity to form the partnership. We are sure that our identity verification service will help to minimize fraudulent activity and in the coins’ purchase process.”

The partnership between the two entities is relevant to the broader industry. It will bring a positive effect on the overall blockchain industry. The partnership will inspire other financial institutions to implement digital identity verification solutions to fight against money laundering and other wrongdoings in the online financial world. Moreover, digital identity is a quick and affordable way to verify individuals in order to comply with the know your customer process and other financial regulations.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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