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.
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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