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Blockchain

BVCI Launched the first commercial bank backed Canadian Digital Currency – CADT, with Support from Concentra Trust

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Blockchain Venture Capital Inc. (BVCI) is excited to announce the launch of CADT, a new digital currency in Canada, with the support of custodial services from Concentra Trust.

Leveraging BVCI’s proprietary blockchain technology, CADT is a stable currency anchored to the Canadian dollar. CADT is distinct from the cryptocurrency, stable currency and centralized micropayment options currently available, in that users can exchange and redeem CADT into Canadian dollars, and vice versa. CADT incorporates many of the advantages offered by traditional payment options, including currency stabilization, payment, clearing and settlement features.

Users can access this contactless payment platform through the BvcPay mobile App, available for Apple and Android. The App functions as a decentralized digital asset wallet, serves as a blockchain explorer, and supports the ability to exchange CADT into Canadian Dollars by linking to bank accounts. It can also facilitate interchange with other digital currencies.

BVCI has established partnership with a few consultants and industry leaders who will bring large clients in various sectors. BVCI also reached cooperation agreements with food delivery platforms, film, television production and media companies, in the process of negotiating with conventional POS processing companies, real estate developers, large retailers and shopping malls, trade unions, and charitable organizations.

“Concentra Trust is excited to support BVCI with our custodial expertise to bring CADT to market,” said Martha Moen, Head of Concentra Trust. “With the launch of a constant-value, safe, stable, traceable digital payment option, BVCI is enabling Canadians to transfer and transact with digital assets, whether they make small day-to-day purchases or larger transactions, such as paying for coffee or a real estate down payment.”

  • 100% Asset-Backed: Each CADT is backed by a Canadian dollar held in custody by Concentra Trust.
  • Transparency: All CADT issued and corresponding Canadian dollars are reconciled and published daily.
  • Secure and Trusted: BVCI is a financial services company incorporated in Ontario and supported by industry-leading advisors who have extensive digital asset brokerage experience.
  • Real-Time: Clients are able to use BvcPay App to submit digital transactions 24/7/365, with our technology of processing thousands of transactions per second.
  • Low fees: BvcPay offers 0 fee for wallet to wallet transactions, and much lower clearing fees than other payment systems.

“Likewise, a bank may use stable currencies to facilitate payment transactions for customers on an INVN, including by issuing a stable currency, and exchanging that stable currency for fiat currency. In this context, stable currencies function as a mechanism of payment, in the same way that debit cards, checks, and electronically stored value (ESV) systems convey payment instructions. Banks have long used cashiers’ checks, traveller’s’ checks, and other bearer instruments as a means of facilitating cashless payments.” said in Interpretive Letter 1174 from OCC Chief Counsel’s Interpretation on National Bank and Federal Savings Association Authority to Use Independent Node Verification Networks and stable currencys for Payment Activities on Jan 4th, 2021.

Blockchain

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

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Blockchain

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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