PayPal Launches New Service Enabling Users to Buy, Hold and Sell Cryptocurrency 21846

The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers. PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency’s utility by making it available as a funding source for purchases at its 26 million merchants worldwide.

Mainstream adoption of cryptocurrencies has traditionally been hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact. However, the promise of advanced technological platforms offers the possibility of mainstreaming digital currencies. According to a survey by the Bank for International Settlements, one in 10 central banks – representing approximately one-fifth of the world’s population – expect to issue their own digital currencies within the next three years.

“The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly,” said Dan Schulman, president and CEO, PayPal. “Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange. We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.”

Building Understanding and Adoption of Cryptocurrency

To increase consumer understanding and adoption of cryptocurrency, the company is introducing the ability to buy, hold and sell select cryptocurrencies, initially featuring Bitcoin, Ethereum, Bitcoin Cash and Litecoin, directly within the PayPal digital wallet. The service will be available to PayPal accountholders in the U.S. in the coming weeks. The company plans to expand the features to Venmo and select international markets in the first half of 2021. The service is enabled in the U.S. through a partnership with Paxos Trust Company, a regulated provider of cryptocurrency products and services.

PayPal has also been granted a first-of-its-kind conditional Bitlicense by the New York State Department of Financial Services (NYDFS).

“NYDFS’ approval today follows our June 2020 announcement for a new framework for a conditional Bitlicense to encourage, promote, and assist interested institutions to have a well-regulated way to access the New York virtual currency marketplace in a way that is both timely and protective of New York consumers, through partnerships with New York authorized virtual currency firms,” said Linda A. Lacewell, superintendent, NYDFS. “NYDFS will continue to encourage and support financial service providers to operate, grow, remain and expand in New York and work with innovators to enable them to germinate and test their ideas, for a dynamic and forward looking financial services sector, especially as we work to build New York back better in the midst of this pandemic.”

As part of this offering, PayPal will provide accountholders with educational content to help them understand the cryptocurrency ecosystem, the risks and opportunities related to investing in cryptocurrency, and information on blockchain technology. There are no service fees when buying or selling cryptocurrency through December 31, 2020, and there are no fees for holding cryptocurrency in a PayPal account.

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KIP Protocol Announces Strategic Partnership with Aethir to Propel Decentralized AI and GPU Infrastructure 3500

KIP Protocol, the Web3 base layer for AI, is thrilled to announce its strategic partnership with Aethir, the premier provider of decentralized GPU cloud infrastructure. This collaboration combines KIP’s tested decentralized AI deployment and monetisation solutions with Aethir’s large pool of computing power. This is set to enhance and expand the capabilities of decentralized AI applications significantly.

A Strategic Alliance for Accelerating AI Development

Under this partnership, KIP Protocol will be established as Aethir’s Preferred Deployment Partner, enhancing Aethir’s AI ecosystem with essential data and payment infrastructures. Concurrently, Aethir will become KIP’s Preferred Compute Partner, supplying over 40,000 GPUs and 3,000 NVIDIA H100s to support KIP’s AI product ecosystems with enterprise-grade, decentralized GPU power.

This partnership not only reinforces KIP Protocol’s standing as a key player in the decentralized AI space but also significantly boosts its backend capabilities. Aethir will integrate KIP’s robust data and payment infrastructures, further strengthening their AI ecosystem.

Revolutionizing AI with Robust Decentralized Solutions

The strategic alliance aims to create synergy between KIP Protocol’s innovative decentralized AI deployment solutions and Aethir’s state-of-the-art GPU infrastructure. This collaboration will combine KIP’s robust data and payment rails and Aethir’s decentralized compute infrastructure, both essential for a thriving deAI ecosystem, challenging the dominance of centralized AI technologies.

Key benefits of this partnership include:

  • Decentralized AI Deployment: As Aethir’s Preferred AI Deployment Partner, KIP will enhance Aethir’s AI offerings with its suite of deployment and monetisation solutions (including its pioneering decentralised retrieval augmented generation (d/RAG) framework and battle-tested KnowledgeFi platform) ensuring seamless operation and integration across various platforms.
  • Enhanced Computational Power: With substantial GPU resources from Aethir as KIP’s Preferred Compute Partner, KIP can accelerate the development and deployment of advanced AI solutions.
  • Strengthening Web3 Foundations: As the Web3 Base Layer for AI, KIP will secure transactions and enable effective monetization for developers and data owners within Aethir’s ecosystem.
  • Scaling New Heights: The KnowledgeFi framework will significantly expand, backed by Aethir’s cutting-edge GPU support.

A Future of Collaborative AI Innovation

Julian Peh, Co-Founder and CEO of KIP Protocol, stated, “Our partnership with Aethir reflects our strategic alignment — KIP democratizes the tools for AI asset deployment & monetisation, while Aethir decentralizes the scarce resources of compute that are critical in AI. Together, we hope to dismantle the monopolistic hold of centralized systems to pave the way for a future where we can have true digital ownership in the AI powered future.”

Mark Rydon, CEO of Aethir, added, “Teaming up with KIP Protocol empowers us to redefine the infrastructure landscape for AI. Their leadership in end-to-end decentralized AI solutions makes KIP an ideal partner to advance our goal of broadening access and enhancing profitability within the AI community across Web3.”

KIP Protocol and Aethir are committed to reshaping the landscape of AI development, fostering a decentralized ecosystem that is more accessible, secure, and profitable. Stay tuned as these industry leaders continue to drive innovation and transform the AI ecosystem by leveling the playing field and empowering AI value creators.

About KIP Protocol

KIP Protocol builds Web3 infrastructure for AI app developers, model makers and data owners, empowering easy deployment and monetisation of AI assets while maintaining full ownership rights.

KIP was a pioneer in decentralized Retrieval Augmented Generation (d/RAG), being a winner of the Chainlink Hackathon in 2023. That expertise in d/RAG was built out into a full platform named KnowledgeFi, currently used by leading Web3 companies to monetise Knowledge Assets using AI

KIP solves mission-critical challenges faced in decentralized AI deployments, with an aim to jumpstart wholly new business ecosystems, and ensure the economic benefits brought about by AI can be enjoyed by all.

Founded and helmed by veteran AI PhDs and tech business veterans, KIP aims to be a catalyst for the widespread adoption of decentralized AI.

To learn more, visit www.kip.pro or follow them on X @KIPprotocol

About Aethir

Aethir is the leading provider of decentralized GPU cloud infrastructure, dedicated to delivering enterprise-grade solutions that empower the AI community.

OriginTrail Decentralized Knowledge Graph for trusted cross-organization real-time data integration in EU-funded DMaaST 4339

Trace Labs, the core developers of OriginTrail, has joined the European Union’s initiative to foster a resilient and adaptive manufacturing ecosystem through the DMaaST project. Collaborating with partners from Slovenia, Spain, Germany, Portugal, Turkey, Serbia, Belgium, Lithuania, France, Denmark, and Switzerland, the initiative will leverage the OriginTrail Decentralized Knowledge Graph (DKG) and Knowledge Assets (KA) to encapsulate all pertinent information regarding products, processes, facilities, and human expertise. This comprehensive approach will facilitate the precise mapping of data flows and knowledge interconnections, laying the groundwork for comprehensive information mapping within the manufacturing ecosystem using OriginTrail DKG. Consequently, this will ensure trustworthy cross-organizational real-time data integration.

Once more, attention has been drawn to challenges within the aeronautic and manufacturing industries following a January incident in which a Boeing 737 MAX 9 door plug blew out in the middle of an Alaska Airlines flight. If the company had established reliable cross-organizational communication, it could have prevented this incident. Such communication would enhance the value chain’s responsiveness to external and unforeseen events, as well as improve operability and production planning capacity.

Effective, transparent, and reliable data exchange are the most important points for fostering sustainability, resilience, and energy efficiency in the manufacturing industry. However, over the past years, various challenges have come to the forefront within this sector.

  • Supply Chain Disruptions: The COVID-19 pandemic highlighted existing vulnerabilities in global supply chains, leading to disruptions in the flow of materials and components. Issues such as raw material shortages, transportation bottlenecks, and labor shortages have persisted, impacting manufacturing operations worldwide.
  • Cybersecurity Risks: With the increasing digitization of manufacturing processes through technologies like the Internet of Things (IoT) and Industry 4.0, cybersecurity threats have become a significant concern. Manufacturing facilities are increasingly vulnerable to cyberattacks that can disrupt operations, steal sensitive data, or compromise product quality and safety.
  • Data Silos: Manufacturing organizations often operate with fragmented data systems, leading to isolated data silos across departments or functions. This fragmentation inhibits seamless data interoperability and hampers comprehensive insights that could drive operational efficiency and innovation.
  • Lack of Standards: The absence of standardized data formats and protocols complicates data exchange and integration efforts within and across manufacturing enterprises. Without universally accepted standards, interoperability becomes a significant challenge, impeding the flow of data between different systems and stakeholders.
  • Data Privacy Concerns: With the proliferation of data collection and sharing practices in manufacturing, ensuring data privacy and protection is paramount. Manufacturers must navigate complex regulatory landscapes, safeguarding sensitive information from unauthorized access or misuse while balancing the need for data-driven decision-making.
  • Ownership and Control: Determining ownership rights and control over manufacturing data can be contentious, especially in collaborative environments or supply chain networks. Disputes may arise regarding data ownership, usage rights, and intellectual property, complicating data sharing agreements and hindering collaborative initiatives.
  • Legacy Systems Integration: Many manufacturing facilities still rely on legacy systems that were not designed with interoperability in mind. Integrating these outdated systems with modern data platforms and technologies poses significant challenges, requiring extensive customization, retrofitting, and investments in interoperability solutions.

DMaaST aims to enhance manufacturing ecosystem resilience and adaptability by employing a Smart Manufacturing Platform comprising four layers. The data layer establishes a foundation for real-time data integration across organizations using ontologies and OriginTrail Decentralized Knowledge Graph. Following this, a two-level cognitive digital twin is deployed to model both manufacturing services production lines and value chain stages. It incorporates human expertise, data-driven algorithms, and physical modeling. An algorithm for multi-objective distributed decision support systems leverages this data to facilitate optimal production decisions. Outcomes will be communicated via user-friendly interfaces and timely scoreboards, assessing circularity, sustainability, and product traceability. Over the four-year period, DMaaST ensures scalability and innovation by providing insights for replicating and improving manufacturing processes, advancing technologies in aerospace and electronics sectors.

Trace Labs will lead the data working group to develop and validate technologies aimed at facilitating data understanding, interoperability, and secure cross-organization integration. With integration of OriginTrail DKG for the electronic and aeronautical sector, creating a new powerful knowledge base with artificial intelligence capabilities. The DKG will establish a decentralized database accessible to all participants in a manufacturing value chain, including manufacturers, suppliers, distributors, retailers, regulatory bodies, research institutes, and others. This will enhance the manufacturing ecosystem’s ability to autonomously withstand and adapt to external events.

OriginTrail DKG has been widely utilized to foster trust and transparency in enterprise knowledge exchange across various industries. Now, it is evolving to facilitate global knowledge connectivity, powering the Decentralized Retrieval Augmented Generation (dRAG) framework for more precise and inclusive AI. Given the challenges of verifying AI-generated results, OriginTrail DKG, with Knowledge Assets as its primary resource, represents a pivotal innovation in this context. It offers a robust framework for ensuring the ownership, discoverability, and verifiability of information utilized by AI systems for the manufacturing industry.

Besa Gaming: Revolutionizing the Gaming Industry with Blockchain 4642

In a world where pixels collide with possibility, the blockchain gaming industry stands as a testament to the transformative power of technology. According to Grand View Research, The global blockchain in gaming market size was valued at USD 4.83 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 68.3% from 2023 to 2030. With its unique blend of decentralized networks and digital assets, blockchain gaming has transcended traditional boundaries, offering players unparalleled opportunities for ownership, creativity, and reward. Blockchain technology has revolutionized the gaming experience for businesses and players, allowing them to use cryptocurrencies and Non-fungible Tokens (NFTs) to purchase in-game assets. At the forefront of this revolution stands Besa Gaming—a pioneering force committed to reshaping the gaming landscape with its innovative approach to blockchain integration and utilization of cryptocurrency and NFTs. As the industry continues to evolve, Besa Gaming stands poised to lead the charge, offering players an immersive gaming experience unlike any other.

The Besa Gaming Company represents a paradigm shift in the gaming industry, offering an innovative fusion of entertainment and cryptocurrency. Positioned on the blockchain, Besa Gaming provides users with an exhilarating gaming experience where they can not only enjoy captivating gameplay but also earn real money in the process. Through their Play-to-Earn (P2E) options, players have the opportunity to engage with friends and the global gaming community, all while reaping rewards for their efforts. The platform’s unique approach emphasizes rewarding token holders, ensuring that investors are incentivized to hold onto their $BESA tokens for the long term. With a mission to create accessible and enjoyable games for all, Besa Gaming is committed to establishing itself as a leader in the gaming space while providing lucrative benefits for its dedicated supporters.

Delving into Besa Gaming’s diverse portfolio of captivating games, each offering a unique and immersive experience, we find:

  1. Gold Rush Racer: Gold Rush Racer is the ultimate endless arcade racing game, offering thrilling gameplay where players navigate through highway traffic, earn coins, and upgrade their cars to dominate global leaderboards. With stunning 3D graphics and smooth car handling, it promises non-stop excitement across various environments and game modes. Gold Rush Racer is available in android and apple app stores.
  2. Crypto Bros: Crypto Bros is the blockchain adaptation of a familiar gameplay format. Featuring 15 levels and a choice of 2 characters, it also supports in-game advertising. Currently, the company is diligently working on a new update to deploy it to app stores.
  3. Bullet Storm Reloaded: Bullet Storm Reloaded is a thrilling bottle shooting game that puts your gun skills to the test. With stunning 3D graphics and a diverse selection of 24 new guns, including pistols, revolvers, and assault rifles, this game offers an immersive experience for target shooting enthusiasts. Bullet Storm Reloaded is available on Android and currently waiting for approval for IOS.
  4. Besa Crypto Slot Machine: Besa Crypto Slot Machine integrates crypto into the thrilling universe of slot gaming. It also allows the company to incorporate various blockchain & cryptocurrency logos into the game and reward top players every week. As Besa Gaming expands their partnerships, more options and rewards will be available to players and holders.

Besa Gaming’s team of developers will continuously update and improve our existing games while adding even more games and utilities to our ever-expanding ecosystem. In the pipeline, we have our Drift Fury 3D game, our Besa Online Casino, and more! Besa Gaming is the first project to offer in-game space for advertising. It utilizes the game environment to incorporate ads and information that can be constantly updated to keep it fresh and exciting.

Besa Gaming is strategically positioned to revolutionize the gaming industry with its innovative business plan.

  • NFTs: Introducing four levels of NFTs, including OG, Gold, Silver, and Normal, Besa Gaming offers exclusive benefits to NFT owners, including participation in a private group and the board of directors.
  • Advertising: Leveraging in-game advertising, Besa Gaming generates revenue to benefit all token holders by purchasing and distributing tokens, fostering community support and growth.
  • Staking: With plans for staking implementation, Besa Gaming aims to utilize a portion of the selling tax to fund staking rewards, empowering token holders and ensuring project sustainability under the guidance of the board of directors.
  • Multi-Token Expansion: Besa Gaming plans to expand its presence across different markets, enhancing the BESA brand and utilities to reach a broader audience of crypto holders while maintaining transparency and community engagement. Besa Gaming is currently available on Binance and Solana networks.

Tokenomics Overview:

Besa Gaming implements a comprehensive tokenomics to ensure the sustainability and growth of its ecosystem. With zero tax on the Solana version and a 4% buy tax on the Binance Smart Chain (BSC) version, rewards are distributed to holders, NFT owners, and liquidity providers automatically. Additionally, the liquidity is locked for one year on Solana and ten years on BSC, safeguarding the stability of the platform.

The breakdown:

Solana Version:

  • Zero tax structure.
  • Rewards distributed to Solana holders multiple times a week.
  • Exclusive airdrops and income from partnerships for Solana holders.

BSC Version:

  • 4% buy tax distributed to holders, NFT owners, and liquidity pool.
  • 6% sell tax with 3% going to all holders and 3% for team development and advertising.
  • Liquidity locked for 10 years on Pinksale.

OG NFTs:

  • Limited edition NFTs available with exclusive benefits.
  • Rewards through buy tax implemented on BSC version.
  • Owners gain access to a private group for voting on Besa-related decisions and share in 10% of the profit sent directly to them profits generated by the platform’s utilities.

In addition to that, Solana, BCS, and NFT holders also receive rewards from the company’s buyback program, which is funded by the income generated through Besa Gaming’s in-game advertising, as well as Google and Facebook ads within the games.

Empowering Change Beyond Gaming

Besa Gaming goes beyond entertainment, embracing a mission to make a positive impact on the world. Founded on principles of compassion and community, we’ve launched the Finhope foundation to uplift communities, support vital causes, and amplify efforts to find missing people. Driven by passion and collaboration, we’re more than just a gaming community—we’re a movement. Leveraging the power of technology, the company amplifies the voices of the missing, allowing them to share their stories. Their images are integrated into the games and shared across company social media platforms. Additionally, Besa Gaming provides donations to aid in the search for the missing. Visit https://www.findhopefoundation.org to learn more.

Besa Gaming Team

Besa Gaming boasts a fully transparent and doxxed team, ensuring trust and accountability at every level. Led by Founder & CEO Gabriel Navarro, the team comprises industry experts dedicated to driving innovation and excellence. With Gerardo Ramirez as the Tech Lead, Darius Oravec overseeing hardware development, and Mukesh serving as the Sr. Software Developer, Besa Gaming combines technical prowess with creative vision. Chris Burns leads the marketing efforts, while Ronnin handles social media engagement, ensuring a cohesive and dynamic approach to building and promoting the Besa Gaming brand. Together, this talented team is committed to delivering cutting-edge gaming experiences and driving Besa Gaming’s success in the industry.

Through their diverse portfolio of immersive games and promising roadmap, community friendly tokenomics, Besa Gaming not only captivates audiences but also empowers them to participate in a gaming ecosystem unlike any other. Moreover, Besa Gaming’s dedication to social impact, demonstrated through the Find Hope Foundation, underscores their broader mission to effect positive change beyond the realm of entertainment. As the company continues to expand its reach and influence, supported by a transparent and skilled team, Besa Gaming invites enthusiasts to join their movement, gaming with purpose and transforming lives one play at a time.

Besa Gaming Socials:

Website: https://www.besagaming.com
Telegram: https://t.me/GamingUmbrella
Facebook: https://bit.ly/besa-facebook
Twitter: https://bit.ly/besa-twitter
Instagram: https://bit.ly/besa-instagram
Discord: https://bit.ly/besa-discord
Tiktok: https://bit.ly/besa-tiktok

Galxe Launches Galxe Passport V2, Boosting Privacy and Security for over 900K Passport Holders 5298

Galxe, the leading web3 infrastructure and digital identity network, today unveiled Galxe Passport V2, the next evolution in web3 identity management, now enhancing the security and privacy of nearly one million passport holders.

With the launch of Galxe Passport V2, users benefit from new features designed to redefine identity verification and management across the web3 ecosystem. As the premier identity solution provider in web3, Galxe continues to lead the industry by prioritizing robust security measures with seamless integration with the Galxe Identity Protocol, marking a full integration between Galxe Passport and the Identity Protocol to bring privacy protection features to all users.

“The release of Galxe Passport V2 marks a crucial step in our mission to onboard the world to web3, reinforcing the vital role of trust and security in digital interactions,” stated Harry Zhang, Co-Founder of Galxe. “By introducing key new features and integrating the passport with our Identity Protocol, leveraging Zero-Knowledge Proof technology, we are not just upgrading our technology–we are advancing a secure, privacy-focused framework that supports our vision of a user-centric web3 ecosystem. We are committed to providing a seamless experience that upholds the integrity of digital identities, making web3 accessible and safe for our community and our partners. With each innovation, we move closer to realizing a world where digital identity management is as natural as it is secure, ensuring that every user can navigate the web3 space with confidence.”

New Features and Upgrades to the Galxe Passport

  • Private Data Vault: A new, secure system for storing encrypted identity data and credentials, the Galxe Vault simplifies access to identity information while upholding the highest standards of privacy and security. This system allows users to manage their digital identities easily across various platforms, leveraging Zero-Knowledge Proof (ZKP) technology to ensure complete privacy.
  • Facial Re-Verification: A major step forward in securing user identities, this feature introduces periodic facial verifications within the KYC processes, ensuring the continuity and authenticity of user identities. It targets the eradication of false KYC verifications by verifying biometrics against initial records, significantly reducing identity fraud and enhancing compliance.
  • Timestamped Verification: Strengthening the integrity of the verification process, this feature provides detailed timestamps for each successful verification, including the date and time of the first and last successful verifications, along with the total number of successful verifications. This adds a layer of transparency and security, making it a robust tool for authenticity assessments.

Seamless Transition and Enhanced Integration

The transition to Galxe Passport V2 will be seamless for all existing users, with the automatic upgrades to the new version. New users will directly experience the advanced capabilities of V2 from the outset, ensuring all users benefit from enhanced security and privacy features. To explore the upgraded features and capabilities of Galxe Passport V2 or to mint your own Passport today, visit https://app.galxe.com/passport.

About Galxe

Galxe is the leading web3 infrastructure and digital identity network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 20 million active users and partnerships with more than 5,000 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

Metis’ Sequencer Mining Goes Live 6633

Last month’s launch of Phase 1 of the Metis Decentralized Sequencer upgrade established Metis as the first-ever rollup platform with a decentralized sequencer. Metis has now launched Phase 2, which introduces several enhancements aimed at improving network incentives and participation.

Among other positive changes, Phase 2 of the Decentralized Sequencer upgrade introduced the most awaited feature up to date for the Layer 2 network: Sequencer Mining.

Sequencer Mining will allow users to lock their tokens via LST providers, contributing to the network’s security. Essentially, these LST providers will interact with the Sequencer, and users will interact with the Liquid Staking providers, receiving a Liquid Staking Token that they can reuse in other DeFi dApps or just hold. Through Metis’ Community Ecosystem Governance (CEG), the community chose Artemis Finance and Enki Protocol as the two LST protocols for the Alpha Phase.

In the first year, sequencer nodes will benefit from a 20% Mining Rewards Rate (MRR), the same rate at which smart contracts compensate participants for producing blocks. Additionally, Metis Liquid Staking Blitz (LSB), supported by the Metis EDF, will provide grants to verified projects to accelerate growth. More than 220,000 METIS are committed in grants for 2024 alone to support MetisLSB and catalyze growth of LST products on Metis. Prior to the official launch of Sequencer Mining, there has been notable activity with LST-related products, including deployments by Shoebill Finance, Stablis Protocol, and participation pools on Hercules Finance.

Metis has secured important partnerships with recognized crypto institutions that will help the network achieve proper decentralization and high participation rates on the Decentralized Sequencer.

Users can deposit and start mining immediately through Artemis. ENKI will be fully launching on Mainnet soon, but users can already participate in their “Pre-Staking” program.

About Artemis

Artemis Finance is a liquid staking protocol designed exclusively for Metis’ Decentralized Sequencer. Users can stake METIS tokens on Artemis Finance and receive the liquid staking token artMETIS.

About Enki

Enki Protocol is a Metis-native liquid staking protocol leveraging dual-token architecture from protocols like Frax and Lido to implement the most battle-tested LST design to the Metis Decentralized Sequencer. Users can stake METIS via Enki and receive seMETIS, while the protocol utilizes ENKI for its governance.

About Metis

Metis is an EVM-Equivalent Ethereum Layer-2 protocol focused on bridging the gap between Web2 and Web3. Metis provides users with a decentralized and scalable easy-to-use network secured by Ethereum. Metis became the first Ethereum rollup to decentralize its sequencer with the launch of Decentralized Sequencer, which enhances network security and provides more potentially revenue-earning opportunities for users.

Qurax Exchange Unveils Multi-Chain Crypto Trading Platform with Integrated Financial Services and Revolutionary Crypto Card Program 6559

Qurax Exchange, a trailblazer in the cryptocurrency arena, today announced the official launch of its cryptocurrency exchange ecosystem that aims to redefine the digital asset landscape. The comprehensive Qurax ecosystem is designed to cater to both novice and experienced crypto users by offering a full suite of services including trading, staking, mining, and a groundbreaking Crypto Card Program, all within a single, seamless interface.

The Qurax platform’s multi-chain functionality supports seamless transactions across various blockchain networks, fostering unparalleled flexibility and accessibility in the crypto trading space. This strategic innovation addresses the critical demand for interoperability and enhanced liquidity, setting a new standard in the cryptocurrency exchange industry.

Key Highlights of the Qurax Exchange Ecosystem

Multi-Chain Accessibility: Users can effortlessly manage and trade assets across multiple blockchains, maximizing opportunities and convenience.

Full Stack Financial Services: From fiat onramps and offramps to advanced trading options, Qurax offers a comprehensive array of financial services, making it the go-to platform for all crypto-related activities.

Qurax Crypto Card: In a major stride towards cryptocurrency adoption, the Qurax Crypto Card will allow users to spend crypto assets directly from their exchange balance at millions of merchants globally. This card integrates smoothly with the platform, ensuring that users benefit from real-time conversion rates and enhanced security protocols. This will be launched in Q4 2024.

Qurax Staking and Mining Programs:

Adding to its robust feature set, Qurax will introduce competitive staking and mining programs that promise attractive returns and foster deeper community engagement. These programs are designed to provide users with additional avenues to grow their investments and participate actively in the network’s security and governance.

Security and Compliance:

Security remains a paramount concern for Qurax. The platform employs cutting-edge technology to ensure the highest security standards are met, including regular audits, advanced encryption, and real-time monitoring systems. In compliance with global regulations, Qurax adheres to KYC and AML guidelines, providing a safe and trustworthy environment for all users.

Vision for the Future:

The launch of Qurax exchange is not just the unveiling of another crypto exchange; it’s the beginning of a new era in the digital finance world,”, CEO of Qurax Exchange. “With our multi-chain platform and the integrated Qurax Crypto Card, we are breaking down barriers to mainstream crypto adoption and offering an unmatched level of convenience and utility to our users. We are excited to lead the charge towards a more inclusive and flexible financial ecosystem.”

About Qurax Exchange:

Qurax Exchange is a pioneering cryptocurrency exchange platform that offers a wide range of financial services across multiple blockchain networks. Designed to provide a holistic trading experience, Qurax empowers users to engage with the crypto economy in an efficient, secure, and compliant manner. For more information about Qurax Exchange and its services, visit qurax.io