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Pundi X set to launch an Open Platform for businesses and blockchain developers

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Leading blockchain payment service provider, Pundi X has announced that it will soon open up its platform called Open Platform for developers and companies to list digital tokens within XPOS, XWallet and XPASS. The platform will also allow the creation of customized XPASS cards within the same ecosystem.

“Opening our platform will enable blockchain developers and businesses to create more use cases for their digital assets. There will be a review process to list the digital assets. Once approval is provided after the review, digital tokens will be listed on the XPOS and XWallet. These newly listed digital tokens can be purchased and stored on the XPASS as well as being utilized for in-store payment transactions,” Cheah added.

“The XPASS card as we all know, can be considered a physical crypto wallet which allow any customer to top up and use their digital assets easily. With just a tap to complete a transaction, the XPASS offers a simple and yet elegant way for customers to purchase goods and services from any stores where our XPOS devices have already been deployed,” said Zac Cheah, Co-founder and Chief Executive Officer of Pundi X.

Blockchain payment ecosystem: XPOS, XPASS and the virtual XWallet 

The first product which Pundi X created was the XPOS. It is the world’s first blockchain-powered wireless point-of-sale (POS) solution that enables merchants and consumers to easily buy, sell and transact using digital assets in physical stores. The XPOS is designed to be virtual currency neutral and currently, popular coins and tokens such as BTC, ETH and NPXS are listed and accepted within the Pundi X payment ecosystem

The XWallet mobile app forms the connective tissue between the regular digital asset wallets and the Pundi X payment ecosystem. Through the XWallet, users can easily manage their digital assets, check their current balances, or top-up the supported digital assets in the XWallet. By default, each registered XWallet user will have his or her own virtual XPASS card in the app.

Integration with other major blockchain networks

Beginning June 2019, developers and companies will be able to register and upload their ERC20 digital assets as well as having the ability to create and customise their own virtual and physical XPASS cards.

Custom tokens that are submitted to the Open Platform will have to be reviewed and evaluated by the compliance team. Upon approval, the developers or companies can have their ERC20 digital tokens listed in the Pundi X payment ecosystem. There is a feature to add new customized virtual cards to the XWallet, or issue customized physical XPASS cards for sale. The cards can be easily used with the XPOS devices that are already deployed in several major cities.

“With the Open Platform, our XPASS offers the versatility to any companies, organizations and developers looking to white label a digital payment solution (powered by blockchain) that is fast, easy and secure,” said Cheah.

“Pundi X hopes to start serving more blockchain teams this year and help enable them to increase the utilization of their own cryptocurrencies in the physical retail venues and stores.”

“The Open Platform will form a strategic part of Pundi X. The team will support custom listing of ERC20 digital tokens. We also have plans to integrate other major public chains so that more tokens can be added to our ecosystem.” added Cheah.

NPXS at the Core

Developers who register in the Pundi X open platform will be required to hold a certain amount of NPXS for service integration fee and the deposit for liquidity.

Pundi X’s own NPXS will be utilized on the open platform exclusively for: token listing fee on XPOS and XWallet, revenue generated from XPASS card customization, transaction fees in XWallet as well as advertising revenues generated from XWallet.

 

SOURCE Pundi X

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FP Markets Awarded Best Forex Trading Tools 2023 by FXScouts

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SYDNEY, Dec. 4, 2023 /PRNewswire/ — FP Markets has again been recognised for its outstanding trading solutions, receiving the Best Forex Trading Tools 2023 award from FXScouts. This accolade complements the company’s growing list of awards received this year, including ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023. These prestigious awards further establish FP Markets as a leading broker dedicated to providing clients with the best possible trading experience. The company’s dedication to innovation is evident in its cutting-edge Trading Tools, which deliver a wide selection of features to assist traders and investors in navigating global financial markets more efficiently.

Founded in 2019, FxScouts.com is a well-known and respected organisation that helps traders discover top-rated Forex brokers. Boasting a global presence renowned for its rigorous and unbiased evaluation process, the company has independently tested and reviewed nearly 200 brokers and published wide-reaching Forex broker reviews.

Clients can access various Trading Tools with FP Markets, including Trading Central and Autochartist. Both are globally recognised powerhouses that deliver automated analytics. Additionally, traders can access a comprehensive Trader Toolbox for MT4 and MT5, a Trading Calculator designed with the trader in mind, and a suite of Trading Platforms, including MT4, MT5 and cTrader.

FP Markets Head of Content and Education, Aaron Hill, expressed his thoughts on the recent award, commenting: ‘This award recognises and highlights that the trader and investor’s needs come first at FP Markets, and the team are proud to have been acknowledged for their efforts. The ability to select from a wide range of trading tools to analyse and trade financial markets confidently and effectively is crucial for many traders and investors today. Gone are the days of sorting through charts to identify trading opportunities and manually calculating position size, margin and swap, for example. With FP Markets, you can employ easy-to-use Trading Tools to help streamline your trading process’.

Established in 2005, FP Markets is a Multi-Regulated Brand providing clients with over 10,000 tradable instruments across key asset classes and offers aggregate pricing across several top-tier liquidity providers. Additionally, FP Markets deliver Consistently Tight Spreads, Lightning Execution, Unmatched 24/7 Multilingual Customer Support, and various Account Types to suit all trading strategies and styles.

About FP Markets:

  • FP Markets is a Multi-Regulated Forex and CFDs Broker with over 18 years of industry experience.
  • The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
  • Traders can choose from the leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, and Iress.
  • The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
  • FP Markets has been awarded the ‘Best Global Forex Value Broker’ for five consecutive years (2019, 2020, 2021, 2022, 2023) at the Global Forex Awards.
  • FP Markets has been awarded the ‘Best Forex Broker – Europe‘ and the ‘Best Forex Partners Programme – Asia‘ at the Global Forex Awards 2022 and 2023.
  • FP Markets has been awarded ‘Best Trade Execution’ at the Ultimate Fintech Awards 2022.
  • FP Markets crowned ‘Best CFD Broker in Africa‘ at FAME Awards 2023.

FP Markets Awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023

For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/.

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Banco Safra Files Lawsuit to Prevent Americanas and Its Controlling Shareholders from Moving Forward with Deficient Restructuring Plan

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SAO PAULO, Dec. 4, 2023 /PRNewswire/ — Banco Safra today filed suit to prevent Americanas (the “Company”) and its controlling shareholders from moving forward with a deficient recovery plan that it believes would be nullified by the Judiciary.

Americanas and its controlling shareholders, Lemann, Telles and Sicupira, have proposed a recovery plan that seeks to prevent creditors from continuing to investigate the true causes of the fraud perpetrated at the Company. Banco Safra believes this clause is an illegal effort by the Company and its controlling shareholders to avoid accountability for the fraud and are challenging the legality of the recovery plan.

In January 2023, Americanas named Sérgio Rial as Chief Executive Officer. Rial was new to Americanas. Less than 10 days into his new role, he uncovered what he and others believed to be a massive fraud multiple times larger than the company’s net equity, resulting in the company filing for insolvency protection. Lemann, Telles and Sicupira claim that they, like the Company’s creditors, are victims of the fraud and have asserted that they were not aware of any wrongdoing at the company. They have made this claim even though they and their children sat on the Board of Directors of Americanas and have been overseeing the company and working with the executives who allegedly perpetrated the fraud for over 20 years.

To substantiate this assertion, the Board of Directors of Americanas handpicked an “Independent Committee” to investigate the alleged fraud. This Committee reports to the very same Board that oversaw the Company when the fraud was committed and has the contradictory mandate of investigating the same individuals who appointed it. This is a blatant conflict of interest and incongruent with basic corporate governance standards.

The Company and the controlling shareholders have now presented a new recovery plan that would result in creditors being repaid a fraction of what they are contractually owed on a commitment not to litigate or investigate against the controlling shareholders and their families and other directors of Americanas.

The controlling shareholders have the financial resources to fully repay creditors for all funds lost. Instead, as part of the recovery plan, they have proposed a capital injection that amounts to less than one third of the total value of the fraud and an insignificant amount in relation to their assets. In a coercive attempt to avoid fulfilling their obligations, creditors must agree to end the investigations into the fraud to benefit from this capital injection.

This illegal clause is just one of multiple deficiencies Banco Safra believes should nullify the entire Americanas recovery plan as set forth in the suit we filed today.

Media Contact
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Collagen Gummy Sales Propelled by Convenience, Taste, and Health Benefits to Reach US$378 Million by 2033 | Future Market Insights, Inc.

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NEWARK, Del., Dec. 4, 2023 /PRNewswire/ — A study by FMI attributes the flourishing global collagen gummy market to rising consumer awareness of the convenience, palatability, and health benefits of collagen gummies. Key players are actively engaging in mergers and collaborations to develop innovative products and maintain their market dominance, ensuring a dynamic and competitive landscape.

 

 

Explore further to gain comprehensive insights into the global collagen gummy market.

A Detailed Analysis of the Collagen Gummy Market by Berry and Citrus Flavors, from 2023 to 2033

The global collagen gummy market value is projected to reach US$ 247 million in 2023 and US$ 378 million by 2033. Over the forecast period, global demand for collagen gummies is anticipated to surge at 4.3% CAGR.

Get an Exclusive Sample Copy of the Collagen Gummies Market, 2023-2033: https://www.futuremarketinsights.com/reports/sample/REP-GB-18539 

Several factors are expected to stimulate the growth of the collagen gummy market during the forecast period. These include growing awareness about the convenience, palatability, and health benefits of collagen gummies, rising health awareness, and easy availability through online platforms.

People worldwide are becoming aware about the health and cosmetic advantages of collagen supplement intake. As a result, demand for collagen gummies is rising significantly, and the trend is expected to continue through 2033.

Collagen gummies are believed to positively impact skin health, hair growth, joint health, and wound healing. This prompts people to consume these health supplements, bolstering their sales.

Rising health and wellness trends and interest in nutricosmetics will further boost the global collagen gummy industry. Similarly, new product launches and expanding e-commerce are expected to create growth prospects for collagen gummy companies.

Key companies are focusing on using celebrity endorsements to reach a wider audience and boost their sales. This will bode well for the target market.

Key Takeaways from the Global Collagen Gummy Market Study Report

  • The global collagen gummy market is set to total US$ 378 million in 2033.
  • By flavor type, the berry segment is projected to hold a value share of 34% in 2023.
  • Based on functionality, promoting skin health segment will likely account for about 25% of market share in 2023.

Understand global, regional, and country-level parameters with growth opportunities, historical data (2018-2022), and forecasts (2023-2033). Buy this report today!

  • Demand for collagen gummies in India is anticipated to rise at a CAGR of 6.2%.
  • The United States holds around 30.8% of the global market share.
  • Sales of collagen gummies in the United Kingdom are predicted to increase at 5.6% CAGR through 2033.
  • China is poised to exhibit a CAGR of 6.1% from 2023 to 2033.

“The global market for collagen gummies is expected to witness steady growth amid rising awareness about the benefits of collagen. Widespread advertising of processed collagen supplements by the manufacturers can be instrumental in boosting the popularity of collagen gummies in the low-income group countries,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Who is Winning?

The global collagen gummy market is highly consolidated, with most of suppliers concentrated in North America and Europe. However, the unavailability of sufficient sources of collagen in these regions is gradually shifting the business to Asian and African countries. This, in turn, has encouraged several regional collagen processing industries to enter the collagen gummy sector, which could diversify the market gradually.

Key players are adopting a wide variety of strategies to boost their sales and expand their global footprint. These include new product launches, mergers, celebrity endorsements, acquisitions, partnerships, and collaborations.

Recent Developments in the Collagen Gummy Industry:

  • In June 2020, Novomins Nutrition Inc. introduced its new product line of collagen gummies for its consumers. The company claims that the gummies contain hyaluronic acid, biotin, and vitamin C and are devoid of gluten and GMOs, artificial coloring, or sweeteners.
  • In November 2020, a new startup was established as the first cell-based collagen and Gelatin Company named Jellatech. The company was founded by Stephanie Michelsen and Kylie van Deinsen-Hesp, who claim to make gelatin and collagen using cellular agriculture and without animal products.

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global collagen gummy market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the collagen gummy industry based on flavor type, source, functionality, and sales channel across several regions.

About the Food and Beverage Division at Future Market Insights (FMI)

Expert analysis, actionable insights, and strategic recommendations – the food and beverages team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food and beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About the Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. 

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s Extensive Coverage in the Food and Beverages Domain:

  • Sugar-Free Sweets Market to Reach US$3.9 Billion by 2033, Driven by Health Consciousness and Rising Demand for Alternative Sweeteners. – Get a Sample Report Copy.
  • Driven by growing demand for health and wellness products, the collagen peptide market is projected to reach US$1.23 billion by 2033. – Get a Sample Report Copy.
  • Global collagen supplement market is projected to expand at a compound annual growth rate (CAGR) of 6.4% reaching a valuation of US$ 2.8 billion by 2032. – Get a Sample Report Copy.
  • The sugar-free gummy market is projected to reach a valuation of US$1,040 million by 2033, expanding at a CAGR of 5.2% from an estimated US$627 million in 2023. – Get a Sample Report Copy.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Nandini Singh Sawlani   
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
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