Blockchain
Metal Pay Launches Digital Assets and Payments Service in Europe, Expanding Reach across 30 New Markets
Metallicus, a leader in digital assets technology, announced the expansion of its Metal Pay product across the EU and EEA.
Metal Pay is a simple, secure and free financial app where you can buy and sell over 65 cryptocurrencies and link directly with your cash balance. Metal Pay user funds in the United States are FDIC-insured, and the expansion to Europe will ensure equivalent safeguards through protection in an EEA-authorised credit institution.
“We have been hearing from people across Europe that they wanted us to put Metal Pay into their hands – and I’m thrilled to announce we’ve done it,” said Marshall Hayner, Co-founder and CEO of Metallicus. “We believe ease of use, security and compliance vastly increase the everyday utility of digital assets and unlock the transformative potential of these technologies for everyone from consumers to fintechs and financial institutions.”
“The EU is home to numerous fintech SMEs that need to be future-ready. With incoming EU identity verification requirements, Metallicus has the solutions to enable safe, compliant, and secure transactions,” said Metallicus’ General Manager for Europe, Benedikt Goetz.
Launching Metal Pay wallet in Europe is a natural next step for the San Francisco-based company. This year alone, Metallicus has partnered with London-based Railsbank in the European launch, plus initiated several other partnerships in the EU and US markets to boost utility for banks, businesses and consumers. Fully compliant and licensed, further expansion plans into additional European countries, Australia and Asia are underway.
Key attributes of Metal Pay in Europe include:
- Buy and sell crypto, direct deposit paychecks, pay bills
- 0% fees for USDC purchases
- Cash Wallets with unique account/routing numbers
- Services enabled by an EMI license in Lithuania and a VASP license in Estonia
- User E-money is protected in an EEA-authorised credit institution or the Bank of Lithuania
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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