Ripple, one of the best know blockchain startups, announced on Wednesday plans to invest $25 million of its own XRP currency into Blockchain Capital, a firm wholly dedicated to the blockchain environment.Ripple Puts $25 Million in Fund to Develop Blockchain StartupsBlockchain Capital Parallel IV, LP is the first fund to take capital in the form of cryptocurrency as well as one of the first dedicated solely to the development of blockchain based startups.Ripple which owns 60 billion of the 100 billion XRP coins has added it’s $25 million to the $150 million fund managed by Blockchain Capital to be invested in entrepreneurial enterprises which can find additional uses for Ripple’s blockchain technology.Chief market strategist at Ripple, Cory Johnson, told CNBC in an interview on Wednesday “There’s money sitting there to be used. We want smart people and smart entrepreneurs, who can solve a problem using XRP,”Currently, Ripple’s technology is mostly being used to allow real-time transaction settlements for banks. The company has announced partnerships with many of the major money transfer companies in the US, including MoneyGram and Western Union.Fund to Drive Blockchain EntrepreneurshipJohnson has compared the future of Blockchain technology to what was built off of the iPhone’s software, which has become the base for some of the most successful startups in the world.“When I got my iPhone I did not think the killer app would be Uber, the most valuable private company in the world … I don’t know what the best use of XRP is going to be, and I hope it’s something we can’t even think of.”Ripple is aiming at seeing that same kind of relationship happening between their established technology and entrepreneurs who can use it to build companies with funding from the Blockchain Capital fund.Johnson concedes in the CNBC interview that if the next breakthrough startup is using XRP that it’s going to boost the company valuation. “If somebody starts the next Uber, or Instagram or Salesforce using XRP, that would be great for us,” Johnson said.Co-founder and managing partner of Blockchain Capital Bart Stephens was quoted on Ripple’s website saying;“As pioneers in the blockchain sector, we have been on the frontlines and in the trenches with our portfolio companies, like Ripple, building a new crypto ecosystem. There are entire verticals — such as healthcare or identity management — that could benefit from blockchain or distributed ledger technology.” Ripples cryptocurrency XRP which hit $3.84 in January but has dropped to around $.53 with the market correction since the beginning of the new year got a 1% bump from the announcement on Wednesday according to Coinmarketcap.com.
LaFinteca and UTORG Announce Strategic Partnership to Expand Cryptocurrency Payment Solutions in Latin America and Europe
LaFinteca, a leading financial services company in Latin America, today announced a strategic partnership with UTORG, a top provider of cryptocurrency solutions in Europe. This collaboration aims to integrate UTORG’s advanced technologies into LaFinteca’s operations, enhancing its digital payment solutions and establishing UTORG as LaFinteca’s main partner in Europe.
With the growing demand for secure and efficient digital payment solutions, LaFinteca, which already has a strong presence in Latin America, seeks to expand its technological capabilities. The partnership with UTORG will enable LaFinteca to offer more seamless and secure cryptocurrency transactions, better meeting the needs of its clients.
In the UTORG app, LaFinteca offers a convenient option for users in Brazil and Mexico to purchase crypto assets directly with fiat currency, acting as a local payment provider in these regions. Customers can seamlessly use familiar and trusted payment methods—PIX in Brazil and SPEI in Mexico—making transactions simple and accessible for all users.
“We are excited about the partnership with UTORG, which will allow us to further strengthen our position in the digital payments market. By integrating UTORG’s crypto technology, we will offer more secure and versatile payment options, directly benefiting our clients,” said Dmytro Rukin, CEO of LaFinteca.
The partnership focuses on developing consumer-focused solutions, enabling LaFinteca to expand its service offerings, now including a payment platform capable of processing both traditional and digital currencies. This evolution is seen as a crucial step to meet the growing demand for digital financial services.
“We couldn’t be more excited to team up with LaFinteca—they’re as all-in on innovation and customer satisfaction as we are!” shared Eugene Petrakov, CEO of UTORG. “Together, we’re set to shake up digital payments across Europe and Latin America, making things easier, faster, and more secure for everyone.”
This collaboration also aims to bridge the gap between the Latin American and European markets, creating new growth and innovation opportunities in the cryptocurrency sector. By combining LaFinteca’s deep knowledge of the Latin American market with UTORG’s technological expertise, both companies are well-positioned to lead the digital payments market.
About LaFinteca:
LaFinteca is an innovative financial services company in Latin America, focused on offering secure and efficient payment solutions to its clients. With a customer-centric approach, LaFinteca continues to expand its operations and strengthen its position in the global market.
About UTORG:
UTORG is a European fintech company on a mission to make crypto easy and accessible for everyone. With a range of proprietary products, UTORG provides a comprehensive suite of digital finance tools. Central to this suite is the UTORG app, featuring a seamless crypto on-ramp, secure non-custodial wallet, and versatile crypto card. One of UTORG’s standout features is the crypto card, available to residents of the EU and Ukraine. It offers a €50,000 monthly spending limit with zero fees and is accepted wherever debit cards are used. Whether you’re shopping online, dining out, or traveling, UTORG’s crypto card makes spending your crypto assets effortless and hassle-free.
For more information about the partnership and the solutions offered, visit LaFinteca’s website at www.la-finteca.com or UTORG’s website at utorg.app.
FinTech’s New Track: How BiyaPay Leads the Cryptocurrency Cross-Border Payment Industry?
BiyaPay announced another reduction in cross-border payment fees, further saving costs for users. This move has been well-received among international payment users, underscoring BiyaPay’s commitment to providing more efficient and cost-effective global payment solutions. As financial technology (FinTech) and cryptocurrencies rapidly develop, BiyaPay is shaping the future of the global payment industry through innovative technologies and services. As a leading FinTech platform, BiyaPay is revolutionizing cryptocurrency cross-border payments, offering a more convenient and low-cost payment experience for global users.
As the global economy continues to evolve, traditional financial systems face growing challenges. The rise of FinTech and cryptocurrencies has created new opportunities for the payment industry. The widespread adoption of blockchain technology, alongside the growing popularity of cryptocurrencies like Bitcoin and Ethereum, is driving a profound transformation in the global payment ecosystem. In this transition, BiyaPay is leveraging innovative technology and services to lead the cryptocurrency cross-border payment sector.
1. The Rise of FinTech and Cryptocurrencies
Transformation in the Global Payment Field
Financial Technology (FinTech) refers to using emerging technologies to improve and enhance traditional financial services. With the rapid development of blockchain, big data, and artificial intelligence, FinTech has found wide applications in payments, lending, and investments, driving innovation in the global payment industry.
Cryptocurrency, as an innovative payment method based on blockchain technology, is gradually challenging the traditional banking payment systems due to its decentralization, anonymity, and low costs. The rapid growth of cryptocurrencies such as Bitcoin and Ethereum reflects the strong demand for decentralized payment solutions in global markets.
Traditional cross-border payment methods usually rely on banks and other intermediaries, increasing transaction costs and causing payment delays. The emergence of cryptocurrencies, leveraging decentralization and smart contract advantages, makes cross-border payments more efficient, low-cost, and convenient.
Advantages of Cryptocurrencies
One of the most significant advantages of cryptocurrencies is their decentralized nature. Unlike traditional banking systems, cryptocurrency transactions do not rely on central institutions or intermediaries. This allows users to transact directly without middlemen, significantly reducing the fees and time associated with cross-border payments.
Additionally, cryptocurrencies possess strong global liquidity. Popular cryptocurrencies such as Bitcoin and Ethereum are not restricted by geography, allowing users to transfer funds and conduct transactions from anywhere in the world. This globalized payment method has fueled the growth of international trade and cross-border e-commerce.
2. BiyaPay: An Innovative Platform Leading Cryptocurrency Cross-Border Payments
As an innovative FinTech platform, BiyaPay focuses on cross-border payment and cryptocurrency transaction services. The platform not only enables global users to trade cryptocurrencies but also provides a more convenient and low-cost payment experience through its cross-border payment functionalities.
Innovative Cross-Border Payment Model
In the payment domain, BiyaPay has pioneered an efficient cross-border payment method. Through its platform, users can effortlessly exchange cryptocurrencies such as USDT or Bitcoin into fiat currencies like USD, HKD, or EUR, enabling global payments.
Traditional banking systems often require multiple intermediaries for cross-border payments, resulting in high costs and long processing times. By employing blockchain technology, BiyaPay eliminates intermediary steps, significantly reducing transaction costs and processing times. Additionally, BiyaPay supports seamless conversion between over 200 cryptocurrencies and fiat currencies, making it particularly suitable for industries such as cross-border e-commerce and international trade.
Seamless Integration of Cryptocurrencies and Fiat Currencies
BiyaPay bridges the gap between cryptocurrencies and fiat currencies, allowing users to directly convert cryptocurrencies like Bitcoin or USDT into fiat currencies such as USD, EUR, or HKD for payments or consumption without relying on traditional bank transfer services. This seamless integration enhances the flow between cryptocurrencies and fiat currencies, improving user payment efficiency.
Providing a More Convenient Global Payment Solution
As the global economy continues to grow, the demand for cross-border payments has become increasingly urgent. In addition to cryptocurrency trading, BiyaPay combines cross-border payments with cryptocurrency investment services, helping users transfer funds and invest on a global scale.
Through the platform, users can not only conduct international remittances and invest in stock markets but also easily pay for overseas expenses, overcoming geographical and currency limitations to achieve free global fund movement.
Compliance and Regulation
BiyaPay places a strong emphasis on compliance with global financial regulations. By adhering to the financial regulatory requirements of various countries, BiyaPay ensures that its platform operations meet international standards. This not only protects users’ funds but also builds global trust in its services.
3. BiyaPay: Driving the Future of Cross-Border Payments
Continuous Innovation in Blockchain Technology
As blockchain technology continues to advance, its application scenarios in the payment industry will expand further. BiyaPay aims to deepen the application of blockchain in payment systems, enhancing payment efficiency and user experience to provide globally competitive payment services.
Development of Decentralized Finance (DeFi)
Decentralized Finance (DeFi) represents a critical direction for the future of FinTech. BiyaPay will continue to expand its DeFi services, enabling users to conduct decentralized payments and investments. By utilizing decentralized platforms, users can enjoy more efficient, low-cost financial services without the restrictions of traditional financial institutions.
Global Compliance
As countries strengthen regulations on cryptocurrencies and blockchain technology, BiyaPay will continue collaborating with global regulatory bodies to ensure compliance in different regions. Through a global compliance framework, BiyaPay provides payment solutions tailored to users in various countries and regions, fostering healthy development in the cryptocurrency cross-border payment industry.
4. BiyaPay: An Innovative Platform in FinTech and Cryptocurrency
As a leading FinTech platform, BiyaPay supports not only cryptocurrency cross-border payments but also offers diverse financial services such as U.S. and Hong Kong stock trading. It is dedicated to providing convenient and compliant payment and investment solutions for global users.
U.S. and Hong Kong Stock Trading Services
BiyaPay offers convenient trading services for U.S. and Hong Kong stocks, enabling users to trade directly by depositing cryptocurrencies like USDT without needing a bank account. From fund deposits to trading operations and account management, BiyaPay strives to deliver efficient services to ensure a seamless trading experience.
Cryptocurrency Trading Services
BiyaPay supports over 200 mainstream and emerging cryptocurrencies, including Bitcoin, Ethereum, USDT, and BNB. By continuously adding new tokens, the platform meets users’ diverse investment needs while keeping up with market trends.
5. Conclusion
With the continuous evolution of FinTech and cryptocurrencies, the global payment industry is undergoing a significant transformation. As a pioneer of this change, BiyaPay offers innovative cross-border payment services and cryptocurrency trading functionalities, providing more convenient and cost-effective payment solutions for users worldwide.
In the future, as blockchain technology and decentralized finance further develop, BiyaPay will continue to optimize its platform, bringing smarter and more innovative solutions to the global payment and investment sectors. Through relentless innovation and refinement, BiyaPay will empower global users to achieve seamless and efficient cross-border payments, establishing itself as a major leader in the FinTech industry.
About BiyaPay
BiyaPay is a globally leading multi-asset trading wallet headquartered in Singapore, with subsidiaries in the U.S., Canada, Hong Kong, and other locations. Its operations span multiple countries and regions worldwide. The platform supports real-time exchange of over 30 fiat currencies and 200+ mainstream cryptocurrencies, offering market mid-rates with no hidden price spreads and a minimal transaction fee, ensuring cost transparency and affordability.
Additionally, BiyaPay facilitates the exchange of USDT for USD or HKD to directly trade U.S. and Hong Kong stocks, allowing users to participate in global market trading without requiring offshore accounts.
Official Website: https://www.biyapay.com/
Telegram Support: https://t.me/biyapay001
5 Most Trusted Crypto Mining Platforms in 2024
The crypto mining industry is changing, and cloud mining has become a popular alternative for those looking to mine cryptocurrencies without heavy upfront investments or technical knowledge. With platforms offering seamless experiences, it’s crucial to choose a trusted provider that ensures security, profitability, and ease of use.
Here are the five most trusted crypto mining platforms for 2024, providing reliable solutions for both beginners and experienced miners.
ECOS
If flexibility and convenience are top priorities, ECOS stands out. This cloud mining platform offers a free demo contract, allowing users to experience the mining process before committing to a paid plan. With detailed reports and a mobile app, ECOS provides a modern and accessible mining experience.
Why ECOS Is Trusted
- User-Friendly Interface: The platform’s clean design and helpful guides make it perfect for newcomers.
- Mobile Accessibility: Manage your mining activities from anywhere using the ECOS app.
- Daily Payouts: Earnings are deposited daily, ensuring consistent income for miners.
ECOS’s commitment to accessibility and transparency makes it a go-to platform for those looking to start small and scale up gradually.
ZT Mining
ZT Mining has positioned itself as a frontrunner in the cloud mining industry, trusted by users in over 150 countries. It offers mining contracts tailored to various budgets, making it an accessible option for both new and seasoned investors. With over 200,000 active users, ZT Mining is renowned for its transparency, high returns, and secure operations.
Why Trust ZT Mining?
- Flexible Mining Plans: ZT Mining provides plans ranging from a single-day contract at $35 to premium long-term options. For instance, its entry-level plan, Free Bitcoin Miner, offers a daily profit of $1.00 and a total net profit of $36 within just 24 hours—an ideal choice for beginners.
- Daily Payouts: Consistent earnings are deposited into users’ wallets, allowing miners to track their profits easily.
- Sustainability: By utilizing advanced data centers and renewable energy sources, ZT Mining ensures eco-friendly operations.
Whether you’re dipping your toes into cryptocurrency mining or scaling your investments, ZT Mining delivers a streamlined and profitable experience.
HashShiny
HashShiny is another trusted name in cloud mining, known for its advanced infrastructure and competitive pricing.
The platform simplifies the mining process by eliminating the need for expensive hardware while offering users a variety of plans to mine cryptocurrencies like Bitcoin and Ethereum.
Key Features
- Real-Time Monitoring: Users can track their mining activities and payouts via a simple dashboard.
- Free Trial Hash Rate: Beginners can start mining with a small amount of free hash rate, making it a great option for exploring the platform without initial costs.
- Automatic Payouts: Regular payouts ensure miners receive their earnings promptly.
With its beginner-friendly interface and reliable operations, HashShiny is a preferred choice for miners of all levels.
Hashing24
Hashing24 has been a staple in the cloud mining space, offering a trusted pay-as-you-go model. It caters to users who want flexibility without committing to long-term contracts. Hashing24’s free demo account lets beginners explore mining mechanics without financial risk, helping them make informed decisions before investing.
Highlights
- Secure Operations: Hashing24 provides safe wallets for storing mined cryptocurrencies.
- Real-Time Statistics: Users can monitor their mining performance in real-time.
- Low Entry Barrier: With no upfront costs, beginners can start mining easily.
For those looking for a straightforward and reliable cloud mining solution, Hashing24 is a strong contender.
F2Hash
F2Hash rounds out this list with its commitment to simplicity and accessibility. The platform offers a $5 trial, making it one of the easiest and most affordable ways to begin mining. With a straightforward interface and secure asset management, F2Hash is ideal for exploring crypto mining without significant financial commitments.
Why Choose F2Hash?
- Quick Setup: Start mining within minutes of registration.
- Daily Payouts: Consistent earnings allow users to track progress and reinvest profits.
- Low-Risk Entry: The $5 trial plan enables beginners to get started with minimal investment.
F2Hash ensures that newcomers can dip their toes into cryptocurrency mining without complex setups or financial strain.
Final Words
As cryptocurrency mining continues to gain traction, the choice of a trusted cloud mining platform becomes increasingly critical. Trustworthy platforms ensure that your investment is secure, transparent, and profitable, providing peace of mind in an industry often plagued by scams and uncertainties.
Selecting a reliable platform is not just about convenience; it’s about safeguarding your investments and ensuring that your entry into cryptocurrency mining is both rewarding and sustainable.
Sumsub and Elliptic Team Up to Tackle Crypto Financial Crime
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!
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
Stay Updated with NaughtyCrypto: Your Source for Crypto News and Market Trends
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