Blockchain
Wirex Wallet and Paraswap Partner for Unrivalled DeFi Access
Leading crypto platform, Wirex, has partnered with DEX aggregator, Paraswap, to make DeFi more accessible than ever before. Using Paraswap’s market-leading price algorithm, Wirex Wallet users will now be able to seamlessly exchange multiple tokens, saving users large amounts of money and effort.
Since inception in 2014, Wirex has endeavoured to break down barriers to access for crypto, blockchain and DeFi. With a growing number of tokens and blockchains emerging with an infinite number of benefits and use cases, interoperability is vital in realising a mainstream digital economy, and Paraswap’s application is helping to make this a reality.
As one of the most prominent DEX aggregators, Paraswap has launched on the Wirex Wallet to enable users to easily swap their tokens at a low cost. Using a market-leading price algorithm locating the best possible trading rate on various DEX, it will offer zero-commission swaps between tokens, making the Wirex Wallet one of the most competitive products in the space.
Wirex’s non-custodial wallet launched in December, cementing their vision to create one of the world’s most user-friendly wallets, and follows their overwhelming success with the Wirex app that boasts over 4.5 million customers. Utilising keyless technology using biometric access, multi-party computation technology for enhanced security, as well as an industry-leading user interface, millions of users are now able to access the benefits of DeFi.
The partnership with Paraswap has become even more pertinent as Wirex has sought to expand the blockchains on the Wirex Wallet, having recently announced the addition of the popular Avalanche, Polygon, Binance Smart Chain and Fantom blockchains. Cross-chain compatibility thanks to a recent integration with Celer Network’s cBridge application complements the Paraswap partnership, by also allowing tokens to be exchanged between blockchains.
Pavel Matveev, CEO and Co-Founder of Wirex, noted that: “For many years, it’s been difficult for everyday users to take advantage of DeFi and crypto. We’ve begun growing the number of blockchains on the wallet to enable users to access more blockchains and tokens with less congestion, lower transaction fees and faster speeds, and a partnership with Paraswap will allow them to easily move between these at low costs.”
“We are delighted to partner with Wirex and help enable their large community of users to benefit from the rich opportunities offered by DeFi,” said Mounir Benchemled, Founder of ParaSwap. “Through this integration, we hope it provides an edge to the product and expands the fundamentals of DeFi to a new market segment.”
Wirex has also recently partnered with uTorg, providing a user-friendly, direct on-ramp for purchasing tokens directly on the blockchain within the Wallet, and in the coming weeks, plans to add the Solana blockchain.
Blockchain
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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