Blockchain
Bringing DeFi to the Masses: Launch of X-Accounts & Fireblocks Partnership
Digital payments platform, Wirex, has announced the launch of their game-changing X-Accounts feature, and partnership with Fireblocks, an industry-leading crypto provider. Set to become one of the world’s most accessible interest-paying accounts, X-Accounts will allow users to earn up to 16% on their crypto and fiat funds*.
Wirex’s long-term goal has been to make crypto ‘open to all’, offering the ability to utilise crypto in the everyday with the world’s first crypto-enabled debit card. With decentralised finance (DeFi) becoming hugely popular in recent months, the latest announcement will open up the often complex and expensive DeFi space to everyone, from hardcore crypto investors to casual, everyday users, and bring the benefits of DeFi to the mass market.
X-Accounts will allow customers to earn unprecedented levels of interest on both fiat and crypto funds* when compared to competitors and high-street banks. Avoiding the expensive fees and complicated processes often associated with DeFi and yield farming, users will have the ultimate control over their funds, with instant access, no minimum holdings and no maintenance fees for each pot.
Combined with Wirex’s other market-leading benefits, the addition of X-Accounts reaffirms the company’s vision to become the go-to crypto platform for users of all abilities. This includes consistently low fees, exclusive interbank and OTC exchange rates, free international ATM withdrawals, up to 2% Cryptoback™ rewards on card purchases, and the ability to hold multiple crypto and fiat accounts with a single intuitive app.
Further removing the complexity and trust issues often associated with owning a crypto wallet, Wirex have also announced the upcoming integration with Fireblocks’ enterprise technology to offer maximum security of user’s funds. Developing Wirex’s reputation for regulatory compliance and customer safety, the partnership will give Wirex up to $30 million of insurance on crypto assets.
Pavel Matveev, CEO and Co-Founder of Wirex, said that: “X Accounts will give everyday users easier than ever access to DeFi, offering quick cryptodeposits and high interest rates on anyone’s fiat and crypto holdings, meaning customers can sit back and watch their assets grow like never before. By working with Fireblocks to offer secure, scalable and built-in compliance protocols, customers can use X-Accounts without worrying about the risk that’s often found with many DeFi products.”
Michael Shaulov, CEO and Co-Founder of Fireblocks, describes the technology’s significance: “Maximising digital asset security is extremely important with this level of operational scale and efficiency, especially when it comes to DeFi. Building on top of the Fireblocks platform will bring an additional layer of security to Wirex’s customers as they become a part of the growing DeFi ecosystem.”
The latest news has further solidified Wirex’s support for the DeFi space, following a series of important announcements. In May, Wirex migrated 20% of their native token, WXT, to the Ethereum blockchain, and recently hosted an exclusive NFT giveaway. Since then, they’ve launched multiple ERC-20 tokens on the platform, including UNI, AAVE and MKR, with plans for many more.
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Blockchain
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Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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