Blockchain
EQIFi launches Simplex by Nuvei integration to enable EQX and other crypto onramps
Simplex by Nuvei, the leading fiat-to-crypto gateway provider, is collaborating with DeFi project EQIFi to facilitate purchase and on-ramping for EQX, EQIFi’s native utility token.
With the integration, users can purchase EQX with debit/credit cards, Apple Pay and bank transfers, directly via Simplex and through its partners. Additionally, there is now an opportunity for Simplex and EQIFi to widen their reach, making it easy for new crypto users to jump in with seamless and safe transactions.
EQIFi is the only decentralized platform supported by a major digital bank. The full suite of DeFi products available on EQIFi has made the platform very popular with crypto users, who have been able to make peer-to-peer transactions, take loans with fixed or variable rates, earn interest on deposited assets and grow their wallets with the yield aggregator, all while having full custody through the support of Ledger Vaults, the leading secure custody hardware provider.
The EQX tokens improve the overall experience of using the app, enabling EQIFi users to gain staking rewards, low cost loans, discounts on fees, a 10% increase in APY, higher LTVs for larger loans and priority access to EQIBank Accounts.
“EQIFi is a very promising project, launched by a major digital bank. We are excited to support them in our suite of services”, said Nimrod Lehavi, CEO and Co-Founder at Simplex by Nuvei. “Simplex and EQIFi share the same mission: to make crypto and DeFi accessible to everyone.”
“Simplex and Nuvei are veterans of their field, having brought many a new user into crypto with their products,” said Bulent Brad Yasar, Founder and CEO at EQIFi. “For us at EQIFi, it is critical for our users to be able to access the platform as simply and safely as possible and we’re happy to include Simplex’s reliable and proven service for this.”
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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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