The Project Ensemble Sandbox enables companies to research and test tokenization use cases including the settlement of tokenized monies and tokenized real-world assets, amongst others. Ant International will leverage its Whale platform to participate in the Sandbox and develop an innovative use case with its partners. Ant International’s Whale platform is a next-generation treasury management solution that utilizes blockchain technology, advanced encryption and artificial intelligence to improve the efficiency and transparency of fund movements.

Ant International will collaborate with partners Standard Chartered Bank (Hong Kong) Limited (Standard Chartered Hong Kong) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) to develop a global liquidity management solution that allows banks to connect to and exchange their tokens, by leveraging its Whale platform. This will allow cross-border payments to be conducted around the clock in real time.

This partnership with the HKMA marks a significant step forward for Ant International in fostering public-private collaboration to drive innovations in tokenization.

Kelvin Li, Head of Platform Tech at Ant International, said: “As an international financial centre and the home of a vibrant financial industry, Hong Kong is a key focus area for Ant International in our journey to serve merchants around the globe. We are proud to collaborate with the Hong Kong Monetary Authority on Project Ensemble to make an impact on the future of Hong Kong’s fintech industry. We look forward to combining our industry experience and innovative solutions with the HKMA’s vision as we pioneer and develop the use of emerging technologies such as tokenization.”

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Erik Helgesen, Co-Founder & President of PayMore

Erik Helgesen is the Co-Founder & President of PayMore Stores, a retail chain specializing in the buying, selling, and trading of electronics and tech devices. With a robust background in the tech industry, Erik has successfully driven PayMore's growth and expansion, making it a recognized name in the electronics resale market. His leadership and vision have been instrumental in establishing a business model that emphasizes sustainability and customer trust. Erik's entrepreneurial journey is marked by his commitment to innovation and excellence in the tech resale sector.

The post PayMore: The Safe Selling of Used Electronics first appeared on FinTecBuzz.

Jeremy Warner, Head of Sales, has been with BitIRA since its 2017 founding. “Today’s BitIRA customer is quite sophisticated,” he said. “They already understand what a blockchain is. They’re familiar with the benefits of cryptocurrency. They know the difference between proof-of-stake and proof-of-work.” He chuckled. “In fact, they’re ready to get started – and we don’t want to slow them down!”

New customers now have the option of bypassing consultation with a Digital Currency Specialist and opening digital IRAs themselves.

“You can deposit funds directly, or start a rollover from an existing retirement account. Start to finish, it takes about ten minutes,” Warner said.

Warner wanted to make it very clear he had no intention to create two classes of customers. Regardless of their signup method, every customer receives BitIRA’s world-class service:

• End-to-end insurance of digital assets from theft, fraud, mistakes and even hacking are fully covered before, during and after transactions – even in storage
• Security from Ledger Enterprise, leaders in digital asset security
• Trade 18 cryptocurrencies with fast settlement (T+1)
• Exchange partner Galaxy Digital (SEC, FINRA and CFTC registered) is the most advanced digital asset trading and liquidity company on the planet
• On-demand account management so you can check your account value and transact just about anytime with the My BitIRA platform
• Expert support from an SIPC and FINRA-registered custodian specializing in self-directed IRAs
• Tax-free transactions and tax-deferred growth
• An expert team of Digital Currency Specialists ready to guide and provide assistance when needed

“For those who want to consult with a Digital Currency Specialist, we’re standing by,” Warner said. “For anyone who already knows the ins and outs of cryptocurrency, and they’re ready to get started – well, now they can.”

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This is a significant milestone in the strategic partnership between Soft Space and JCB, which was signed in January 2022, and follows their successful central bank digital currency (CBDC) trial in December 2023, as well as the recent agreement to enable JCB acceptance for all HLB merchants.

Leveraging JCB’s robust global network and Soft Space’s technical expertise, the JCB payment gateway aligns with the global shift towards diversified digital transactions, meeting the market’s demand for secure, innovative payment options. In this case, Soft Space provides a straightforward Application Programming Interface (API) specification that enables acquirers and payment facilitators to quickly and efficiently offer their retail merchants access to JCB’s network of over 156 million cardmembers globally as of September 2023 (annual transaction volumes exceed JPY 43 trillion between April 2022 and March 2023) without having to establish a direct connection to JCB themselves.

“The launch of the JCB payment gateway complements the fact that Malaysia is the most visited country in Southeast Asia in 2023[1]. Not only will this make cross-border payments more convenient, secure and seamless, it aligns well with our broader goal to promote Soft Space’s technology in other verticals such as transit and in-flight payments globally,” said Joel Tay, Chief Executive Officer of Soft Space.

E-commerce merchants stand to benefit greatly from this development, especially those in the tourism sector. Japanese tourists are increasingly purchasing attraction tickets and booking accommodation via e-commerce merchants. If they can start accepting JCB payments through payment facilitators, they are well-placed to capitalise on the rapidly growing international e-commerce spending by JCB cardmembers, which has increased by 52% from 2021 to 2022[2].

Yoshiki Kaneko, President and Chief Executive Officer of JCB International Co., Ltd. said: “Looking at the behaviour of today’s consumers, online shopping has become an indispensable part of their daily lives and also the main source of growth for all businesses, including JCB. This trend is especially true since the pandemic. We are delighted to launch the new function together with Soft Space to seize the growing business opportunity in the e-commerce business, while providing a better experience for our JCB cardmembers and merchants. This also marks another milestone in the strategic partnership with Soft Space, giving us even greater confidence that our collaboration with Malaysia’s leading fintech is a key to success.”

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They have already established long-term and stable strategic cooperative relationships with numerous international cryptocurrency exchanges, AgiGPT-QT4 proudly serves some of the most renowned platforms in the industry. Among its esteemed partners are BINANCE, COINBASE, HUOBI, OKX, BYBIT, COINCHECK, BITSTAMP, MEXC, LBANK, PHEMEX, and KUCOIN.

This expansion marks a significant milestone for AgiGPT-QT4, as it seeks to broaden its reach and impact within the global cryptocurrency landscape. By leveraging its advanced AI capabilities, the platform aims to empower traders and investors with innovative tools and insights to navigate the complexities of the digital asset markets effectively. At the core of the AgiGPT-QT4 product is its intelligent robot, tirelessly monitoring platform data changes 24/7. This innovative approach empowers users to capitalize on market dynamics by analyzing asset price fluctuations in real-time and strategically placing orders within defined price ranges. By eliminating the need for human intervention, AgiGPT-QT4 enables seamless cryptocurrency trading, ensuring investors can benefit from price differences efficiently.

AgiGPT-QT4 revolutionizes the intricate world of digital currency arbitrage trading by streamlining the process, enabling users to capitalize on price differentials across various exchanges. Through AgiGPT-QT4’s intuitive platform, individuals can effortlessly identify opportunities to purchase a specific digital currency at a lower rate on one exchange and sell it at a higher price on another, thereby maximizing their potential profits. By leveraging sophisticated AI-driven systems, AgiGPT-QT4 ensures swift and seamless transactions, optimizing the inherent volatility of the cryptocurrency market to the advantage of its users.

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Acquired by the global financial technology leader FIS in 2019, Worldpay stands as the top acquirer on Nasdaq in terms of market capitalization and is also recognized as the largest global acquirer based on general-purpose transaction volume. On a daily basis, Worldpay handles over 130 million transactions across mobile, online, and in-store platforms, supporting operations in more than 146 countries and dealing with 135 currencies. With a vast network of over 1 million merchants globally, Worldpay’s expertise lies in fast settlement and extensive experience in international and cross-border payments. Through the partnership with Worldpay, Alchemy Pay aims to significantly enhance its global presence by reducing the barriers associated with buying and selling cryptocurrencies and NFTs.

In response to the emergence of innovative trends in crypto and blockchain technology, Worldpay has enthusiastically embraced cryptocurrency by offering payment services and set its sight for a future marked by widespread crypto adoption. The FIS group has facilitated over $20 billion in transactions from card to crypto. Worldpay has forged partnerships with prominent crypto entities, including Fireblocks, Circle, and crypto.com, among others. Notably, in 2022, Worldpay achieved the distinction of being the first global merchant acquirer to provide direct settlement in USDC.

“Utilizing Worldpay’s extensive global reach, Alchemy Pay is now better positioned to assist our business partners and users in seamless cryptocurrency transactions worldwide, providing enhanced payment experiences and more favorable fee structures,” commented Robert McCracken, the Ecosystem Lead at Alchemy Pay. “We are excited about the collaboration with Worldpay to advance the mainstream accessibility of crypto and digital assets.”

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CoinW’s participation in these events extends beyond boosting regional brand awareness through gold sponsorships; it signifies a strategic move to bolster its global expansion into the MENA region. Carmen Tan, CoinW’s Chief Communications Officer, provided insights into the exchange’s strategic approach to the MENA market during a panel discussion at the Global Blockchain Congress.

During the panel discussion, themed “The Future of Crypto: Regulatory Uncertainty and the Way Forward,” Carmen highlighted a significant shift in the global legislative agenda. She pointed out, “The era of unregulated entities making substantial profits without oversight from regulators has come to an end. A balanced approach, such as Dubai’s VARA model, may foster innovation while addressing concerns. Therefore, CoinW always values clear guidelines.”

Carmen emphasized the importance of embracing the more welcoming and robust legislative entities. For example, the regulatory framework for virtual assets in the UAE proves advantageous, as it values web3 and actively works out more robust legal frameworks. Key emirates, Dubai and Abu Dhabi, already function as crypto hubs.

In fact, CoinW targeted the MENA region years ago. In 2021, the CoinW Headquarters were relocated to Dubai. By June of 2023, CoinW secured initial approval from the Dubai Virtual Asset Regulatory Authority (VARA), establishing a solid foundation for its operations in the region. Concurrently, a tailored version of CoinW product has been developed for MENA users.

Built on a foundation rooted in the compelling hybrid approach, which is to combine both self-regulation and legal frameworks, CoinW possesses a distinct yet vast vision for transforming the new generation of finance.

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The HD CoinDesk TrendMax Strategy seeks to address the crypto market’s volatility and regulatory challenges that institutional investors have typically faced when conducting due diligence for investing in digital assets. The HD portfolio management team utilizes a quantitative signal that is fundamentally weighted and actively managed through a disciplined process free of human emotion. The systematic approach delivers a liquid alternative investment solution that can seamlessly rotate among bitcoin, ether, or cash according to the BTI and ETI signal indicators. This strategy is a uniquely designed actively managed approach offered through separately managed accounts (SMAs).

“Our collaboration with CoinDesk Indices helps enable our investors to confidently allocate to crypto across all market conditions,” said Chris Sullivan, Co-Founder and Portfolio Manager of HD. “Crafting a transparent and more sustainable long term investment option for digital asset investing is the next step in our shared mission to deliver institutional-grade cryptocurrency strategies.”

“We’re excited to partner with HD as they offer, for the very first time, an actively managed alternative investment strategy supported by our popular and powerful trend indicators,” said Andy Baehr, CFA, Managing Director at CoinDesk Indices. “The HD CoinDesk TrendMax Strategy provides the potential for lower risk, higher return exposure to bitcoin and ether due to price momentum and driven by HD’s implementation alpha.”

The trend indicators are used as a way to pursue uncorrelated returns. The BTI and ETI each broadcast one of five possible daily values, each corresponding to an indicated direction and strength of trend in the price of bitcoin or ether. The indicator is calculated daily based on historical price information and a non-discretionary methodology. The indicators seek to identify trends in the price of bitcoin or ether by comparing recent prices to older prices over a recent historical period. If recent prices are higher, an uptrend might be indicated; if recent prices are lower, a downtrend may be in place.

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NiceHash is a cloud crypto mining hashpower platform founded in 2014 by two Slovenian university students, that has grown into the largest marketplace on the planet, supporting more than 250,000 daily active miners and more than 1 million miners total users across 190 countries.

As a global hashpower broker and cryptocurrency exchange, NiceHash is an open marketplace that connects sellers of hashing power with buyers of hashing power using the sharing economy approach.

NiceHash Miners can easily buy time on CPU, GPU, and ASIC mining rigs to start earning crypto. Alternatively, they can sell their existing mining capacity to other miners to earn income. It is a powerful platform for miners who want to get into Bitcoin mining without setting up their own data centre.

NiceHash is a legitimate platform with a number of safety measures in place to protect users’ accounts and funds. These include SSL encryption, 2-factor authentication, and email alerts about all activity on a user’s account.

Unique Benefits and Advantages.
Users can mine cryptocurrencies with as little as 0.001 BTC.
Supports 34 different mining algorithms and dozens of cryptocurrencies.
Quick Miner automated mining software is easy to use.
Enables anyone to sell hashpower for mining.
Offers short-term mining solutions (less than one day)
No contracts

First Mining platform of its kind.
Fast User Friendly Website / App Experience
24/7 multilingual customer support
Low Fees
Multi language

Outstanding Key Features:

Hashpower Marketplace
The hashpower marketplace is at the heart of NiceHash mining. This is where miners and hashpower providers come together. Prices in the marketplace are automatically updated every 10 seconds in response to changing crypto prices, varying hashpower availability, and changing demand from miners.

QuickMiner
Quick Miner is an easy-to-use software developed by NiceHash specifically for NiceHash users. It is fully secure and enables miners to start mining on their own computer or on rented hashpower within seconds.

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The post NiceHash, World Leading Crypto Mining Platform launches in Asia first appeared on FinTecBuzz.

Dovi focuses on establishing innovative solutions for Bitcoin Layer2, aiming to optimize user experience and transaction efficiency within the BTC ecosystem.

KuCoin Labs’ investment is not only an acknowledgment of the core strength of Dovi but also a significant maneuver in the BTC ecosystem.

“KuCoin Labs will continue to assist Dovi in achieving its pivotal milestones, including product innovation, market expansion, and enhancement of user experience” said Lou Yu, the head of KuCoin Labs.

With the increasing popularity of inscriptions, the BTC ecosystem has seen an impressive performance with various native new protocols emerging one after another. KuCoin Labs has been paying attention to the development of the BTC ecosystem from early stages and has deployed a dedicated fund to support BTC-native projects. The investment in Dovi demonstrates KuCoin Labs’ firm belief in the long-term development of the crypto industry. KuCoin Labs will continue to focus on incubation, investing in the BTC ecosystem, and bringing the next BTC ecosystem phenomenon level application to the industry. We welcome other BTC-native projects to fill the application form through the official website for financing or incubation purposes.

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The post KuCoin Labs invests in Dov for advancing BTC Ecosystem development first appeared on FinTecBuzz.