Blockchain
Wirex and Polygon Collaborate for Launch of New Payment Method in India on Mass-Market Wallet
Wirex, a leading crypto payments company, is expanding the suite of top-up methods on their non-custodial wallet for Indian customers. The addition of this popular payment option to purchase crypto will make the digital economy more accessible for over 1 billion people in India.
The Wirex Wallet is available globally and was created to make the benefits of DeFi available for everyday users. Considered one of the most accessible wallet products available, it offers an industry-leading user interface and high level of convenience, allowing users to manage over 100 different cryptocurrencies and NFTs from their mobile device. Wirex prioritises security, with resilient multi-computation (MPC) technology as well as a unique, keyless access system using biometrics.
The company has now made it easier than ever for Wirex Wallet users in India to purchase crypto such as MATIC, BTC and DOGE, by adding another reliable, well-known payment method using mobile payment and bank transfer. This comes in addition to debit/credit and Apple/Google Pay options already available. With a direct on-ramp in place, it will save users large amounts of time, effort and gas fees without the need to exchange on other platforms.
Wirex has rapidly expanded the blockchains offered on the Wirex Wallet to give users more choice, including Ethereum, Fantom, Avalanche, Binance Smart Chain, and recently, the Polygon blockchain. Combining the best of Ethereum and sovereign blockchains, Polygon has already proven hugely popular across the globe thanks to its low fees, fast transaction speeds and highly secure nature.
Pavel Matveev, CEO and Co-Founder of Wirex, commented: “Having already gained a global reputation for innovation, we’ve released the Wirex Wallet to enable mainstream users to benefit from DeFi. Extending the features and functionality for customers in India is the next step in this. As the largest crypto market in the world, it’s important that we provide a best in-class experience for users by offering the ultimate convenience, flexibility and security when using the app.”
Antoni Martin, Enterprise Lead at Polygon, commented: “Wirex continues to add new features and functionality to its user-focused platform and its expansion of payment methods will add to its work in onboarding new users as seamlessly as possible. Polygon is delighted to be a part of these efforts, and we hope we can do our part for the increased adoption of cryptocurrencies around the world.”
The launch of the Wallet develops the global Wirex ecosystem and bridges the gap between the traditional and digital economies. The award-winning Wirex app has already proven hugely popular with Indian customers, offering the ability to buy, hold, exchange and sell 50+ currencies from a single, intuitive app. In-app, users can benefit from their DeFi savings product, X-Accounts, to earn up to 20% APR interest on crypto funds.
Today’s announcement follows the release of a series of new alternative payment methods on the Wallet for those living in Malaysia, Indonesia and Portugal, and in the coming weeks, Wirex plans to add the Solana blockchain.
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.
Blockchain
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Blockchain
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