Ripple Partners With Three Crypto Exchanges as Part of XRapid Solution 9450

Ripple has added three cryptocurrency exchanges to its cross-border payments settlement product, according to a press release published August 16. Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange.

The new partners will enable Ripple’s xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos respectively. Ripple explained the operational principle like this:

“A financial institution (FI) that has an account with Bittrex would initiate a payment in U.S. dollars via xRapid, which instantly converts into XRP on Bittrex. The payment amount in XRP is settled over the XRP Ledger, then Bitso, through its Mexican peso liquidity pool, instantly converts the XRP into fiat, which is then settled into the destination bank account.”

XRapid is a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, which is developed to facilitate international fiat transfers between financial institutions. Ripple Chief Market Strategist Cory Johnson said:

“We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”

In May, financial institutions who participated in the pilot of xRapid platform, which tested payments between the U.S. and Mexico, reported transaction savings of 40-70 percent. Additionally, the participants noted an improvement in transaction speed from 2-3 days to “just over two minutes.”

Although the testing showed solid product performance, Ripple chief cryptographer David Schwartz claimed that banks are unlikely to deploy blockchain to process international payments, citing low scalability and privacy problems.

Image via Shutterstock

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Sumsub and Elliptic Team Up to Tackle Crypto Financial Crime 2817

Sumsub, a full-cycle verification platform, has announced its integration with Elliptic, the global leader in cryptoasset risk management. This partnership enhances Sumsub’s Crypto Transaction Monitoring and Travel Rule solutions, offering global clients enhanced capabilities to screen cryptocurrency wallets, detect fraud, and assess transaction risks.

Blockchain-related crime, including money laundering and fraud, continues to be a growing concern. According to Sumsub’s Identity Fraud Report 2024, crypto was among the top-5 industries with the highest fraud rates in 2024. Recently, the United States Federal Bureau of Investigation (FBI) created its own crypto token to take down criminals. In light of this, integrating Elliptic’s market-leading analytics into Sumsub’s platform enables firms to protect users, providing a comprehensive view of blockchain transactions to mitigate financial crime.

The integration allows clients, including firms in the blockchain, fintech, and payments sectors, to seamlessly connect existing Elliptic subscriptions to Sumsub’s system via the Bring Your Own Key (BYOK) model. This enables clients to use their own encryption keys to manage and secure their data, ensuring full control over sensitive information while using Sumsub’s compliance and monitoring services. Customers can connect their existing functionality from Elliptic’s platform with Sumsub’s, unifying their workflows around cryptocurrency wallet screenings on one dashboard. Now, Sumsub’s clients can ensure alignment with stringent regulatory requirements, with Elliptic providing the broadest coverage of cryptoassets and blockchains available on the market.

Key benefits of the integration include:

  • Automated workflows for screening crypto wallets and transactions
  • Real-time risk assessments powered by Elliptic’s extensive blockchain data
  • Deeper investigation capabilities, accessible directly through the Elliptic dashboard when required
  • Seamless integration for new and existing clients, eliminating the need for separate workflows or additional systems

“We’re excited to partner with Sumsub to create a stronger shield against financial crime in the crypto industry. As blockchain technology advances, so do the threats it faces, making comprehensive and adaptive tools essential,” said James Smith, co-founder of Elliptic. “By integrating Elliptic’s cutting-edge blockchain analytics with Sumsub’s trusted verification and compliance platform, we’re empowering businesses to proactively address risks, protect their users, and stay ahead of regulatory demands. This integration not only strengthens fraud detection but also fosters greater transparency and trust in the evolving crypto space, helping firms navigate a complex landscape with confidence.”

“This partnership marks a significant step forward for crypto transaction monitoring, as Elliptic is a renowned, leading player in the blockchain analytics space. By integrating its analytics, we can continue to push the boundaries in fighting against financial crime, with the largest global ecosystem of virtual asset service providers (VASPs),” said Ilya Brovin, Chief Growth Officer at Sumsub. “At Sumsub, we are committed to fostering trust in the crypto sector. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

To learn more about Sumsub’s Transaction Monitoring and KYC/AML compliance offering for crypto, please visit https://sumsub.com/crypto/.

About Elliptic

Elliptic is the global leader in cryptoasset risk management for crypto businesses, governments, and financial institutions worldwide. Recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist financing, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo.

About Sumsub

Sumsub is a full-cycle verification and ongoing monitoring platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring, Fraud Prevention and Travel Rule solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,500 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.

Peezy Partners with AlphaKekAI, the AI Meme Generator Used by Based Brett, Retardio, Apu, and Ethereum Wolf! 3186

The Peezy Memecoin ($PEEZY) has announced an exciting partnership with AlphaKekAI, a cutting-edge Telegram bot that allows communities to generate memes powered by artificial intelligence. By aligning itself with the same platform used by top meme tokens like Based Brett, Retardio, Apu, and Ethereum Wolf, $PEEZY is taking a significant step toward empowering its community and enhancing its cultural presence.

AlphaKekAI: A Game-Changing Tool for Meme Communities

AlphaKekAI’s Telegram bot is designed to streamline meme creation by closely aligning the content with the unique mascots and themes of participating projects. By incorporating elements that reflect a token’s branding, the bot produces highly relevant and engaging memes that resonate with the community.

This tool enables community members to actively participate in content creation, fostering a deeper connection to the project. The result is a more inclusive environment where everyone feels involved in shaping the project’s identity. Stronger community engagement often translates to increased visibility and market confidence, which in turn helps bolster the project’s market cap.

Why This Partnership Matters for Peezy

By adopting AlphaKekAI’s technology, Peezy is empowering its community to take a more active role in spreading its message and building its culture. The alignment of the bot’s meme generation capabilities with Peezy’s mascot ensures that every piece of content feels authentic and on-brand, amplifying its appeal both within and outside the community.

This partnership puts Peezy on the same innovative trajectory as projects like Ethereum Wolf and Based Brett, which have successfully leveraged AlphaKekAI’s tools to create vibrant, engaged communities. For Peezy, the collaboration is not just a marketing effort but a meaningful way to build a stronger and more connected base of supporters.

The Future for Peezy

AI-powered tools like AlphaKekAI represent the next evolution in community engagement for meme tokens. By allowing users to actively participate in content creation, Peezy is fostering a sense of ownership and excitement that will help drive its long-term growth.

This partnership signals a bright future for Peezy, one where innovation and inclusion come together to build a thriving, memecoin cult.

Official Peezy Links:
Website: https://peezy.vip
Telegram: https://t.me/peezy
Contract: 0x698b1d54e936b9f772b8f58447194bbc82ec1933

Official AlphaKekAI Links:
Website: https://alphakek.ai
Telegram: https://t.me/alphakek_chat
Contract: 0x8dCE83ECa4af45dbe618Da1779F9Aaca43201084

SW Alliance: Dexter Quisenberry Launches AI DataMind to Empower Future Investors 4433

SW Alliance proudly announces the launch of its newest innovation, AI DataMind, a transformative platform integrating artificial intelligence and big data analytics into financial education and investment strategies. This cutting-edge tool is designed to equip users with unparalleled insights, enhancing decision-making precision and democratizing access to advanced financial technologies. AI DataMind is the latest milestone in SW Alliance’s mission to reshape how individuals approach financial markets while fostering societal advancement.

Innovating Financial Education with AI Technology

AI DataMind represents a significant leap forward in the integration of technology within financial education. By analyzing vast datasets and utilizing predictive algorithms, the platform provides users with actionable insights previously available only to institutional investors. Students and professionals can now make informed decisions with real-time data, identifying market trends, assessing risks, and optimizing strategies with greater accuracy.

This innovation aligns with Dexter Quisenberry’s vision for SW Alliance as a pioneer in blending theoretical knowledge with practical application. The platform serves as a cornerstone of the Alliance’s curriculum, ensuring students are equipped with modern tools to navigate the complexities of today’s financial landscape.

A Legacy of Educational Excellence

SW Alliance has established itself as a leader in financial education under Dexter Quisenberry’s stewardship. Rooted in a philosophy of “Student Interests First” and a commitment to practice-based learning, the institution offers a diverse range of courses. From foundational financial theories to advanced concepts like quantitative trading and AI integration, SW Alliance’s programs prepare students to excel in competitive global markets.

Beyond technical skills, the Alliance emphasizes critical thinking, adaptability, and innovation—qualities that define successful leaders in the financial industry. Graduates of SW Alliance are not only equipped to excel in their careers but also to contribute meaningfully to society.

Bridging Theory and Practice: Real-World Opportunities

SW Alliance’s robust partnerships with leading financial institutions ensure that students gain invaluable practical experience. Through internships and collaborative projects, students transition seamlessly from classroom learning to real-world application. These opportunities enable them to build professional networks, refine their skills, and gain insights into industry dynamics.

Dexter Quisenberry’s commitment to bridging education and employment has resulted in numerous success stories, with graduates emerging as influential figures in finance, investment, and entrepreneurship.

Championing Social Responsibility Through Education

In addition to its academic achievements, SW Alliance actively addresses societal challenges through strategic collaborations with businesses and government entities. These partnerships focus on reducing economic disparities, creating job opportunities, and fostering inclusive growth.

Dexter’s vision extends beyond financial education to encompass social responsibility. Initiatives such as community outreach programs, mentorship schemes, and scholarships for underprivileged students underscore the Alliance’s dedication to uplifting communities and fostering economic resilience.

Empowering Entrepreneurship and Financial Independence

SW Alliance also provides specialized training in investment and entrepreneurship, offering students the tools to pursue financial independence. Courses focus on practical skills like risk management, market analysis, and business strategy, empowering students to turn innovative ideas into successful ventures. Many graduates have realized their entrepreneurial dreams, contributing to economic growth and job creation.

Inspiring a Culture of Compassion

Responding to global challenges such as natural disasters and social crises, Dexter Quisenberry has championed philanthropic initiatives through SW Alliance. By establishing a charitable foundation, the institution supports affected communities and inspires students to prioritize humanitarian values.

This culture of compassion is deeply woven into the fabric of SW Alliance, reinforcing the idea that education is not only a means to personal success but also a tool for collective betterment.

A Vision for the Future

With the launch of AI DataMind and its continued commitment to education, innovation, and social responsibility, SW Alliance is poised to shape the next generation of leaders and innovators. Dexter Quisenberry’s visionary leadership ensures that the Alliance remains a beacon of progress, empowering individuals to achieve financial independence and driving societal transformation.

SW Alliance invites aspiring leaders, investors, and changemakers to join its journey of innovation and impact—transforming lives and communities for a brighter future.

Tidus Wallet Unleashes 3-click Cross-Chain Transfers with Mayan Swift and Wormhole Integration 4309

Tidus, the crypto everything app — a cutting-edge decentralized wallet, has announced its integration with the Mayan Swift SDK, powered by Wormhole. This new feature brings ultra-fast cross-chain transfers to Tidus users, providing a seamless and secure experience for both newcomers and decentralized finance (DeFi) power users.

With this integration, Tidus Wallet users can now access stablecoins such as USDC and USDT, as well as native tokens SOL and ETH, for bridging transfers between Ethereum and Solana blockchains. By the end of November 2024, Tidus will extend this cross-chain capability to include all EVM-compatible chains, allowing users to move assets seamlessly across multiple networks. This continued expansion reflects Tidus’ commitment to making DeFi accessible, affordable, and easy for everyone.

“Our integration with Mayan Swift and Wormhole is a major step forward in Tidus Wallet’s mission to simplify decentralized finance for everyone,” said Dan Mulligan, CEO, Founder at Tidus Wallet. “With this integration, we’re making cross-chain transfers as easy and cheap as possible, allowing users to move assets securely and seamlessly between Ethereum and Solana now—and soon across all EVM chains.”

Despite the rapid growth of decentralized finance, DeFi usage among retail users remains low due to complex processes and high transaction fees. Recent studies show that fewer than 5% of cryptocurrency holders actively use DeFi services, pointing to a significant gap in accessibility and usability. Tidus Wallet aims to close this gap by offering quick, low-cost, and user-friendly solutions that enable everyone to participate in DeFi without needing advanced technical knowledge.

Key Features of the Tidus Wallet Integration:

  • Cross-Chain Support: Transfer USDC, USDT, and ETH between Ethereum and Solana blockchains now, with support for all EVM chains by late November 2024.
  • Enhanced Security: Powered by the secure infrastructure of Wormhole and Mayan Finance, ensuring robust protection for users’ assets. Tidus allows the bridging to occur to your other wallet minimizing potential room for error. 
  • Low-Cost Transfers: Optimized for cost efficiency, minimizing gas fees for cross-chain transactions and taking no additional fees.
  • User-Friendly Interface: Intuitive design allows users to bridge assets in just three clicks, enhancing the DeFi experience for all levels of users.

Tidus Wallet is now available for download on the App Store, Google Play, and Chrome Web Store, allowing users to experience the future of decentralized finance from any device. By expanding to all EVM chains and focusing on a simplified user experience, Tidus is setting new standards in cross-chain asset management and aiming to make DeFi accessible to the masses.

For more information, visit tiduswallet.com and tidusdao.com.

About Tidus Wallet

Tidus Wallet is a decentralized wallet dedicated to providing a seamless, user-friendly experience for DeFi enthusiasts and newcomers alike. With a focus on security, innovation, and ease of use, Tidus Wallet aims to revolutionize how users manage and transfer assets in the decentralized finance ecosystem.

Sweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem 4476

The past decade has witnessed a dramatic shift in consumer behavior, with online shopping becoming the norm, further accelerated by the pandemic. Reward programs have sprung up everywhere, incentivizing spending and fostering brand loyalty. The core of cashback is to encourage consumers to develop a habit of continuous shopping through rewards. This same logic is beginning to take root in the field of sports and health.

GYMetaverse, the innovative team behind the successful Live4Well Genesis NFT collection, is disrupting the rewards landscape with the launch of its upgraded VIV PASS program. This groundbreaking “move-to-earn” ecosystem incentivizes healthy habits, transforming sweat equity into tangible rewards. Live4Well envisions a positive feedback loop where exercise leads to better health, and better health leads to tangible benefits, realizing the concept of “health as wealth.”

Pioneering the “Fitness Mileage” Concept: Earn Rewards for an Active Lifestyle

This inclusive program is open to users worldwide with zero barriers to entry. In just minutes, users can download the Live4Well mobile app and register for free access to the VIV Pass ecosystem. Initially, Sweat Points, the program’s reward currency, can be earned through three primary avenues:

  1. Daily Exercise — Users accumulate points by tracking steps and calories burned, turning daily workouts into rewarding experiences.
  2. Competition Participation — Points are awarded for participating in designated sporting activities, simply by uploading proof of participation.
  3. Health & Fitness Spending — Users can upload receipts for eligible purchases in the designated sports and wellness categories to earn additional Sweat Points.

Live4Well makes the benefits of exercise immediately tangible, converting effort into visible rewards. Accumulated Sweat Points can be redeemed for a variety of prizes, including cash vouchers, fitness products, and exercise classes. The Live4Well app also empowers users to track their fitness data and participate in engaging challenges.

Creating a Global Sharing Economy: A triple win for Users, Businesses, and the Industry

Live4Well’s vision extends beyond simply creating a health management platform. The “exercise-to-earn” concept fosters a mutually beneficial ecosystem:

  1. User Benefits — VIV PASS motivates individuals to adopt and maintain healthy exercise habits through a rewarding system.
  2. Business Advantages — The platform connects businesses with their target audience through community engagement and strategic partnerships, driving more effective product promotion.
  3. Industry Transformation — By creating a “move-to-earn” economy, Live4Well stimulates consumer spending, transforming calorie expenditure into a quantifiable reward unit. This innovative approach empowers businesses to generate revenue, expand operations, and seamlessly connect the virtual and physical worlds.

Since its inception, Live4Well’s fitness alliance ecosystem has continued to expand. With ongoing optimization of its operational framework, the VIV PASS ecosystem provides easy access and a tiered membership system, fostering a comprehensive wellness mechanism which stimulates consumer engagement, and builds a thriving global sharing economy.

To learn more, please visit: https://www.live4well.io

Quarden Unveils New “Crypto Commerce Hub,” Connecting Digital Assets with Real-World Shopping 5014

Quarden, a trailblazing name in the digital commerce landscape, has announced the launch of its “Crypto Commerce Hub,” a next-generation e-commerce platform designed for cryptocurrency holders. This new platform allows crypto users to shop for both digital and physical goods, using their crypto assets for real-world purchases. Quarden’s innovative infrastructure merges blockchain technology with traditional commerce, creating a seamless and accessible shopping experience for digital asset enthusiasts.

With its Crypto Commerce Hub, Quarden introduces a platform built to support a fully integrated ecosystem for crypto payments. It includes systems like Quarden Pay, Quarden Card (Touch & Pay), an Open API Platform for cross-platform connectivity, and a Mobile Wallet—all developed to provide users with end-to-end solutions for their crypto purchases. Quarden is taking the e-commerce experience to the next level, enabling customers to buy, sell, and transact confidently with crypto on a global scale.

Bridging Digital and Physical Worlds Through an Innovative Shopping Platform

The Crypto Commerce Hub aims to provide users with a new level of flexibility in their spending options. By accepting a range of major cryptocurrencies—including Bitcoin, Ethereum, BNB, and Quarden’s own Quarden Token the platform offers a unique and inclusive marketplace for the digital community. The Quarden Token serves as the primary access currency, ensuring that all transactions within the hub are secure, efficient, and transparent.

Quarden’s proprietary Quarden Currency Looping Protocol (QCLP) further enhances the user experience by offering an optimized currency conversion process. By looping through centralized and decentralized exchanges, QCLP secures the most favorable exchange rates, enabling users to shop cost-effectively without additional fees or delays.

A Holistic E-Commerce Ecosystem for Crypto Users

Quarden’s Crypto Commerce Hub brings together several key features that enhance the shopping and transaction experience:

  • Quarden Pay: An eco-friendly payment system that facilitates instant settlement and high transaction speeds, outpacing traditional payment methods.
  • E-commerce Marketplace: A diverse marketplace offering a wide array of digital and physical goods that can be purchased with cryptocurrency.
  • Quarden Card (Touch & Pay): A contactless payment card that makes it easy to use crypto for in-person purchases, providing a smooth and secure experience.
  • Open API Platform: Allows integration with existing banking systems and financial applications, bridging the gap between fiat and crypto transactions.
  • Quarden Mobile Wallet: A secure mobile solution for managing and spending digital assets on the go, providing users with convenient, anytime access to their crypto.

Future-Proofing E-Commerce for the Next Generation of Digital Shoppers

Quarden’s mission is to establish a profitable and sustainable ecosystem where crypto holders can shop freely across a range of products and services. By supporting real-world and virtual purchases, Quarden’s Crypto Commerce Hub is designed to keep up with the fast-paced evolution of the digital asset space. As more individuals and businesses adopt cryptocurrency, Quarden’s platform will serve as a key connector, allowing digital assets to be used practically and conveniently.

With a structure built to support growth, Quarden offers an ecosystem that benefits both e-commerce merchants and individual users, providing tools for merchant integration and mobile applications for consumers. This comprehensive approach supports long-term sustainability in the digital marketplace, with built-in systems that make crypto a viable option for everyday transactions.

About Quarden

Quarden is a leading platform in the world of digital commerce, driven by a team of blockchain experts, developers, and project managers. With a commitment to connecting the cryptocurrency community, Quarden is dedicated to creating a seamless e-commerce experience for crypto holders. The Quarden Token serves as the foundation for all transactions on the platform, supporting Quarden’s mission to integrate digital assets into mainstream commerce.

Website: https://quarden.com/