Blockchain
Function X launches the most easy-to-use hardware wallet card at Mobile World Congress 2023
Layer 1 blockchain infrastructure developer Function X is excited to announce it will be launching the most easy-to-use hardware wallet card at the Mobile World Congress (MWC) set to take place in Barcelona, Spain, from February 27 to March 2.
p(x)Card is built upon Infineon technologies SECORA™ Blockchain security solution and Function X network infrastructure. This hardware wallet card allows users not only to have their own private keys, but also pay/buy cryptocurrencies as well as verify NFT in the physical retail outlets through XPOS. XPOS is the world’s first blockchain point-of-sale devices developed by Pundi X Labs which are now used by thousands of merchants across 30 countries in the world.
The p(x)Card is an Near Field Communication (NFC)-empowered hardware wallet card. Leveraging NFC tech creates efficient two-way communication between two transacting parties, while ensuring that information is protected with encryption and secure channels. p(x)card users can easily sign/authorize transactions with NFC supported mobile devices, including point-of-sale terminals. The genesis edition of p(x)card supports f(x)Core, BNB Smart Chain, Ethereum, and Polygon.
The MWC is an especially appropriate place to launch the p(x)Card as it is the world’s largest and most influential connectivity event. The event typically attracts over 100,000 attendees from everywhere in the world, with operators, tech companies, and manufacturers using the event to showcase new products and services. The 2023 edition of MWC will include participation from big names such as Accenture, Huawei, Cisco, and so much more.
“The p(x)Card is a major milestone in our mission to make decentralized technology accessible to everyone,” said David Ben Kay, President of Function X Foundation. “We believe that this product will help to drive the adoption of web3 technology and bring us one step closer to a future where digital currencies and NFTs are used easily and securely in people’s daily lives.”
The announcement at MWC will be followed by a whitelisting for those who want to order the p(x)Card. There will be a limited 500 genesis edition p(x)Cards for sale. The retail price is 39.99 USD per card. Participants in the presale campaigns can receive up to 30% off discount. The whitelisting of the pre-sale will be open from Feb 28 to March 19 2023.
The MWC visitors can see the p(x)Card in action at the Pundi X 365 booth, Stand 8.1A8, Hall 8.1, during the following time slots:
Monday Feb 27: 1:30pm -4 pm
Tuesday Feb 28: 11am – 13:30 pm
Wednesday Mar 1: 1:30pm -4 pm
Thursday Mar 2: 11am-13:30pm
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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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