Blockchain
EQIFi partners with Shopping.io, opening users to $EQX payments on Amazon, Walmart, & more
EQIFi, a leading regulated global DeFi services platform backed by EQIBank, integrates its $EQX token with crypto-to-retail bridge Shopping.io. Through the integration, EQIFi users can use $EQX to buy goods at some of the world’s top e-commerce platforms, including Amazon, eBay, Walmart, and Home Depot.
Inflation in the U.S. reached 8.6%, in May 2022—the highest rate since 1982 and according to BBC News, one of the highest rates in the world today. This in turn has forced central banks to hike interest rates, leaving financier’s scratching their heads in their attempt to predict the length of the current recession. Consumers have felt the brunt of this recession with many now searching for new, innovative ways to make use of their assets to optimize their financial standing and purchasing power.
EQIFi’s partnership with Shopping.io affords users the opportunity to spend their $EQX staking rewards seamlessly while enjoying 7 days of free international shipping and a 2% discount on all orders for 30 days starting August 15. Both ERC-20 and BEP-20 versions of $EQX can be used as forms of payment through Shopping.io’s payment processor, ShoppingPay. Shopping.io currently fulfills orders from Amazon, eBay, Walmart, and Home Depot, though this merchant list stands to grow with the launch of Shopping.io’s Web Extension. The Web Extension will allow Shopping.io to collaborate with a plethora of new merchants, aiding the expansion of $EQX’s purchasing capabilities to the farthest reaches of the web.
EQIFi makes DeFi as accessible as regular online banking, offering users a convenient platform incorporating the largest array of financial services in the DeFi space. Backed by a licensed bank, the platform grants its clients the certainty and security that comes with the highest level of regulatory compliance. EQIFi’s relationship with EQIBank also cements it as one of the most efficient gateways between DeFi and traditional finance, providing its users with a streamlined crypto/fiat On/Off ramp for greater control over their finances.
“EQX token has been the backbone of our platform, and with this partnership now, it becomes part of something even bigger,” says Brad Yasar, CEO of EQIFi. “We offer our users an opportunity to grow their money through DeFi, and now they can actually spend it at the world’s top retailers, which don’t even officially accept crypto.”
“This collaboration with EQIFi brings us closer to our vision of a future where people have the flexibility to buy anything with everything,” says Arbel Arif, Founder and CEO of Shopping.io. “The time has come for the liberation from traditional forms of payment! Consumers deserve the freedom to spend their money however they see fit. Shopping.io is committed to helping them do that.”
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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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