Blockchain
Via Alchemy Pay, Encentive Web3 OS Integrates Fiat-to-DeFi Payments
Encentive has integrated its Web3 operating system with Alchemy Pay to enable Encentive module builders and end-users to accept fiat and crypto payments on the Encentive platform. Alchemy Pay will add popular alternative fiat payment methods to Encentive, including mobile wallets, Binance Pay and domestic instant transfer services. It will also provide Encentive users with off-ramp capabilities, meaning users can convert their crypto funds into over 100 local fiat currencies and have them deposited directly into their bank accounts.
The tie-up adds momentum to Encentive’s drive to increase crypto adoption and everyday use cases with the Encentive Web3 OS DeFi Module Builder. The Module Builder is a turn-key solution that enables community leaders, influencers, and enterprises to instantly create and customize modules for their own DeFi marketplaces for crypto tokens and NFTs. Encentive’s Web3 OS capabilities include farming, staking, NFT marketplaces, GameFi, OTC, and more. With these tools community leaders can dramatically increase the empowerment and growth potential of the communities they serve. Encentive enables anyone with a community following to create a DEX overnight and customize the DEX’s properties to best serve and incentivize that community.
Alchemy Pay recently extended its partnership with Binance to enable Binance Pay crypto payments for Instpower power banks across 14,000 locations in Japan, Mexico, Austria, Italy, UK, Canada, France, Germany, Brazil and more. Users can now make payments in fiat, stablecoins and other cryptocurrencies.
Alchemy Pay’s fiat-to-crypto ramps allow Encentive users to seamlessly employ DeFi functions that require crypto transactions from their wallet addresses as well as card payment options such as Visa and Mastercard.
Merchant network partners who use Alchemy Pay can accept cryptocurrencies for offline and online payments at a low cost and with convenient conversion to local fiat currency. The all-in-one system also allows merchants and businesses to accept fiat payments via e-wallets and credit and debit cards so that they only require one system for all their needs. Alchemy Pay’s network is supported by its incentivising utility token, ACH, an ERC20 token issued on the Ethereum blockchain.
Over the past six months, Alchemy Pay has integrated a number of leading cryptocurrencies onto its global crypto-fiat network, including MATIC, TRX, AVAX, VET, and ALGO.
The partnership with Alchemy Pay dramatically expands Encentive’s Web3 OS users and organizations ability to incentivise their communities. Recent developments also include sophisticated DeFi marketplace tools, such as leveraged futures trading, adding to essential functions such as staked and farmed trading pairs, customized liquidity provider fees, native tokens & NFTs, airdrops, and user referral rewards.
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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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