Latest News
FDI Summit Costa Rica: First edition of the event attracts new investors to the country
SAN JOSÉ, Costa Rica, May 6, 2024 /PRNewswire/ — The Trade and Investment Promotion Agency of Costa Rica (PROCOMER) will bring together investors from around the world in San José, as part of the first edition of the FDI Summit, which will take place between June 11 and 12, at the Convention Center.
The event will allow for two days of immersion in the country, with the aim of allowing companies to learn first-hand about investment opportunities in Costa Rica, the tax incentive system and the capabilities of Costa Rican talent.
The FDI Summit is focused on the country’s strategic sectors such as agribusiness, light and advanced manufacturing, life sciences, corporate services, digital technologies, semiconductors and tourism infrastructure. This diversification of sectors seeks to guarantee investment opportunities in all regions of the country.
Laura López, General Manager of PROCOMER, stressed that the FDI Summit represents a strategic platform for attracting Foreign Direct Investment (FDI) to Costa Rica. “Our nation offers an environment conducive to foreign investment thanks to the solid value proposition, made up of factors highly recognized worldwide such as sustainability, political stability and geographic location, the incentives of the free zone regime, highly specialized human talent, legal security, as well as a robust ecosystem of local suppliers. These conditions, as well as the support of an institution like PROCOMER in 100% of the establishment and post-establishment processes, make Costa Rica a leading destination for investment and that is what we are going to show at the FDI Summit.”
In addition to increasing the positioning of Costa Rica (where more than 400 multinationals already operate), another objective of the FDI Summit is to share international trends in foreign direct investment and the opportunities offered by Costa Rica in this line, for established companies that want to grow even more in the country.
The event will offer a comprehensive experience, both for companies already established in the country and for potential investors, during two days of face-to-face business in Costa Rica. This will include sessions on the local business environment, field visits and tours to business parks, personalized agendas and individual meetings with investors, personalized support and talks with international speakers about the global context of FDI.
Costa Rica is a strategic partner for investment companies, being a country synonymous with stability as it is the oldest democracy in the region. 75 years ago, it made the decision to abolish the military and invest in peace, education, and health.
Lopez added that in less than 40 years these types of decisions made Costa Rica diversify its export matrix and become the main per capita exporter of medical devices throughout the continent. Likewise, Costa Rica has established itself as an attractive destination for Foreign Direct Investment, ranking first worldwide in Greenfield investment attraction.
Recently, the US government placed Costa Rica in a prominent position globally by announcing it as the first beneficiary country of the Chips & Science Act, which aims to explore opportunities to diversify and grow the global semiconductor ecosystem, as well as create a transparent, safe and sustainable global value chain. Therefore, the government of Costa Rica launched the Semiconductor Roadmap, the focus of which lies across four axes: talent, incentives, investment attraction and regulatory improvement.
For more information and registration for the FDI Summit, go to Event – Investment – PROCOMER (investincr.com).
About Costa Rica
In 2023, Costa Rica reached a record in foreign direct investment (FDI) flows by registering an inflow of $3,921 billion, exceeding by 131% the estimated goal for that year of $3 billion; an amount that is also 24% higher than that registered in 2022.
This Central American nation stands out as an excellent investment destination due to factors such as:
- Political stability that ensures a safe environment for investments. More than 75 years ago it abolished the army, and invests 7% of GDP in education and 8% in health.
- Since 1990, it has had a free zone regime with attractive tax incentives for companies that invest.
- Specialized human talent. Costa Rican software developers are among the best in the world, and Costa Rica ranks 2nd in the Global Talent Competitiveness Index (2021).
- Strategic location with easy connectivity to the world’s main markets, with direct flights to the US and Europe, free trade agreements with more than 50 countries and 16 bilateral investment treaties. It is also a member of the WTO and the OECD.
- It offers first-rate support for companies to invest: a solid institution like PROCOMER that provides support in all processes. As well as law, accounting and real estate firms; state-of-the-art business parks and a wide ecosystem of local suppliers,
- Costa Rica has the largest foreign direct investment (FDI) in the world relative to the size of its economy, according to the Greenfield FDI Performance Index prepared by fDi Intelligence.
All these and other factors have made the Greenfield FDI Performance Index, by fDi Intelligence, place Costa Rica as the country that attracts the most FDI in relation to its GDP.
CONTACT: Ofelia Fernández Valverde,[email protected]; Esteban Chaves Trejos,[email protected]
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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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