Blockchain
Revolut launches an in-app educational module in Singapore to advance financial literacy
Revolut, the global financial super app with more than 20 million customers worldwide, is taking another step forward towards its mission of bringing customers the best financial products and services to manage their money.
Revolut’s new ‘Learn’ feature provides education courses and warnings in language that is clear, concise and easily understandable. The feature is aimed at enhancing customer protection by better informing them about the specific risks, nature and characteristics of cryptocurrency. For example, by highlighting the potential for significant changes in prices within a short period of time, Revolut wants to spread the message to customers that investing in cryptocurrency is not suitable for everyone. The courses are available to Revolut customers, who can receive a nominal reward by taking these short and simple courses and passing a quiz.
‘Crypto Basics’ is the first of two courses and helps educate customers on what cryptocurrencies are compared to fiat money; the meaning of a ‘decentralised system’; cryptography; the mechanics of the blockchain technology; and the risks associated with crypto investments.
The second course is based on the multichain network Polkadot, and how it unites blockchains into Web3 – the decentralised internet. The course will use visual materials including interactive cards and videos to share Polkadot’s use cases, Polkadot’s governance system, and the Polkadot ‘Relay Chain’, the central chain used by the Polkadot network that allows specialised and public blockchain to connect in a unified network.
Emil Urmanshin, Crypto General Manager at Revolut, said: “There’s a huge appetite from our customers to learn more about cryptocurrencies. ‘Learn’ will help them better understand the trends, risks and potential opportunities associated with Crypto.”
Raymond Ng, CEO of Revolut Singapore, said: “This feature reaffirms our commitment to educate our customers on the risks and potential of cryptocurrency and blockchain technology so they can make informed decisions of their involvement in this space.”
Revolut plans to add more courses to ‘Learn’ this year to enable more people to take better control of their finances and give them access to new tools and services. Revolut believes that this new feature will help to reinforce consumer advisories from regulators about the significant risks of cryptocurrency and the need for consumers to act with extreme caution when investing in such risky digital assets.
Revolut is committed to building awareness and trust with its customers through education that is aimed at improving their understanding of its products and services, particularly in risky assets such as cryptocurrency. In addition to regularly communicating the extreme price volatility risks to customers, Revolut also reminds its customers to consider their personal circumstances and review multiple independent sources before investing in cryptocurrency. Through ‘Learn’, Revolut hopes to empower its customers to take actions that contribute to their short term and enduring financial well-being and resilience.
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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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