DeFi (Decentralized Finance) is all about allowing more people to participate in the financial system. It achieves this by harnessing the security, immutability, and transparency of blockchain technology. It offers benefits such as reduced transaction costs, speedy resolution of...
The State Bank of India (SBI) has added support for the Unified Payment Interface to its Central Bank Digital Currency (CBDC) app, 'eRupee by SBI'. The integration will allow the app users to conduct swift and secure transactions by...
Following the metaverse boom in 2021, regular and big-shot investors dove headfirst into the industry, all hungry for a slice of the action in this incredible virtual world. Activities in the metaverse were off the charts, with virtual lands...
The emergence of decentralized finance (DeFi) exchanges in recent years has revolutionized the financial landscape. While traditional financial institutions grapple with a series of challenges, startups are increasingly turning to DeFi exchanges as a wellspring of innovation and opportunity....
As central banks worldwide intensify efforts to explore the benefits and issue a central bank digital coin (CBDC) in respective countries, the Reserve Bank of Australia (RBA) has declared that the nation is not yet prepared to issue its...
Mastercard has announced a new project that brings together top blockchain technology and payment service providers to explore the potential benefits and challenges of central bank digital currencies (CBDCs) and how to implement them safely and effectively. In its...
Polygon Labs has entered into a strategic partnership with South Korea's telecommunications giant, SK Telecom (SKT), to foster the growth of the web3 ecosystem and nurture promising web3 startups. .@SKtelecom and Polygon Labs have inked a strategic collaboration to...
PRESS RELEASE BY GORA Gora is excited to take the first step in its multi-chain journey with the launch of testnet smart contract on Arbitrum. Developers can now begin writing the first network calls while Gora is in Beta...
On August 7, 2023, PayPal marked a significant milestone with its foray into the cryptocurrency sector. The renowned global digital payment firm launched its inaugural cryptocurrency product, the PayPal USD (PYUSD) stablecoin, backed by a blend of US dollar...
The Canadian Central Bank has indicated that the prospects for widespread adoption of a central bank digital currency (CBDC) in daily transactions are currently limited because of the country' mature payment ecosystem. In a Staff Discussion Paper released on...
