Blockchain
CornerMarket is helping small businesses thrive
CornerMarket hosted a successful “Small Business Tour” in Palo Alto, California. This tour was not only an opportunity for attendees to beta test the CornerMarket App, but also a chance to see first-hand how the platform is helping small businesses thrive.
The tour kicked off at Kung Fu Tea, a Boba tea shop owned by Ryan Chen. Ryan shared his positive experience with CornerMarket and praised the app for its ease of use and accessibility.
He was able to offer tour attendees a significant discount of 20% or more on their Boba tea when purchased through the CornerMarket app, showcasing the cost savings that small businesses can pass on to their customers.
Next, the tour visited Alegio Chocolate, where owner Panos shared the story behind their product and the history of the small African island where the chocolate is sourced. Guests were treated to wine and free samples of the delicious chocolate and left inspired by the passion and craftsmanship behind the business.
The tour concluded at Qualia Contemporary Art Gallery, owned by Dacia Xu. Dacia highlighted the customizable features of the CornerMarket app and how it has helped her showcase her products in a more engaging manner. The tour also included a visit from Luke, one of the owners of Vogue Cleaners. He shared his personal story of starting a small business with his brother at the young age of 18 and the challenges they faced along the way, including during the recent impact of the COVID-19 pandemic. Despite these challenges, Luke’s determination and resilience inspired the attendees and small business owners in attendance and he was excited to add cryptocurrency as a form of payment at their business.
Representatives from Stanford University were on hand during the tour to answer questions about Web3 and help attendees set up their Web3 wallet. They also discussed the potential benefits of blockchain and cryptocurrency for small businesses, including increased security and transparency in transactions and cost savings through the elimination of intermediaries.
The Small Business Tour was a resounding success, with each business owner expressing their appreciation for CornerMarket and its ability to support small businesses. The tour demonstrated the great potential of the CornerMarket app for small business owners and consumers, with its integration of blockchain technology, DAO, and partnerships with local organizations. Web3 is poised to revolutionize the way small businesses and consumers interact and transact with each other, and CornerMarket is leading the way.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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