Fintech PR
ZETRIX UNVEILS ZETRIX-XINGHUO INTERNATIONAL MULTI CHAIN WALLET, ENABLING INTEROPERABLE VERIFIABLE CREDENTIALS AND ENHANCED CROSS-BORDER TRANSACTIONS
PETALING JAYA, Malaysia, Nov. 29, 2023 /PRNewswire/ — Zetrix, a leading public Layer 1 blockchain platform, today announced a significant milestone in its journey to connect businesses globally and streamline trade processes. The platform has unveiled a groundbreaking update to its native wallet application, enabling seamless digital asset connectivity between three major blockchains: Zetrix, Ethereum (ETH), and XingHuo International.
This pivotal development marks a crucial step towards interoperable verifiable credentials, a cornerstone of Zetrix’s mission to revolutionize global trade and data interoperability. Verifiable credentials are tamper-proof digital records that can be verified across multiple platforms, hold immense potential to simplify and expedite cross-border transactions, particularly in the realms of supply chain management and identity verification.
With the introduction of multi-chain support, Zetrix users will now be able to seamlessly manage digital assets across Zetrix, ETH, and XingHuo International, essentially allowing onchain data to be shared in and out of China. This enhanced interoperability will not only streamline cross-border trade but also pave the way for the development of innovative applications and services within the Zetrix ecosystem.
“The launch of our multi-chain wallet represents a significant leap forward in our mission to facilitate seamless cross-border trade and foster a more interconnected global economy,” said Dato Fadzli Shah of Zetrix. “By bridging the gap between these major blockchains, we are empowering businesses to navigate the complexities of international transactions with greater efficiency and security.”
The integration of XingHuo International, the international supernode of China’s national public blockchain infrastructure Xinghuo BIF, further strengthens Zetrix’s position as a key facilitator of cross-border trade between China and the rest of the world. This strategic partnership will enable businesses to leverage the power of blockchain technology to streamline trade processes and access new markets with greater ease.
Zetrix’s multi-chain wallet is a testament to the company’s commitment to innovation and its unwavering belief in the transformative power of blockchain technology. By fostering interoperability and enabling seamless digital asset management, Zetrix is paving the way for a future of frictionless global trade, where businesses can operate with greater efficiency, transparency, and security.
Zetrix Verifiable Credentials: Adherence to W3C Standards and UN-CEFACT Recommendations
Zetrix is committed to ensuring that its verifiable credentials adhere to the highest standards of interoperability and security. This commitment is reflected in its compliance with both W3C standards and the recommendations of UN-CEFACT.
W3C standards provide a framework for the development and implementation of verifiable credentials, ensuring that they can be easily exchanged and verified across different platforms. UN-CEFACT recommendations, on the other hand, focus on the practical application of verifiable credentials in the trade and logistics sector.
By adhering to these standards and recommendations, Zetrix is ensuring that its verifiable credentials are both interoperable and relevant to the needs of the global trade community. This commitment to standards will play a crucial role in Zetrix’s mission to revolutionize cross-border trade and foster a more interconnected global economy.
About Zetrix
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
About Xinghuo International
Xinghuo BIF is a national blockchain infrastructure supported by Ministry of Industry and Information Technology and led by the China Academy of Information and Communications Technology (CAICT). It provides services mainly to industrial Internet, makes breakthroughs in Internet identifier, increases the application of blockchain and drives the economy. With open construction strategies and governance model, Xinghuo BIF positions as a national blockchain infrastructure that provides service to the world and its construction was started in Aug 2020. On 3 Aug 2021, CAICT released BIF-Core, which marks the start of its primary chain operation and global service.
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DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce that it has been granted a full license by the Astana Financial Service Authority (AFSA). This significant milestone enables Bybit to operate as a fully authorized market institution in Kazakhstan, marking another step in the company’s global expansion.
Under full authorization from AFSA, Bybit Kazakhstan will offer a comprehensive range of services, including operating a digital asset trading facility, providing custody, dealing in investments as both an agent and principal, and managing investments. Bybit’s new licensing opens many opportunities for users in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “With this full license, we are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
With this license, Bybit Kazakhstan will now offer various products, including spot and derivatives trading, margin trading, and crypto loans. The Bybit Kazakhstan website, under the domain “bybit.kz,” is scheduled to launch in mid-October 2024. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This new chapter for Bybit in Kazakhstan solidifies the company’s commitment to fostering innovation and growth within the global cryptocurrency landscape. With a fully regulated platform, Bybit is poised to deliver enhanced services that meet the highest standards of compliance and security. Bybit looks forward to building strong relationships with traders in Kazakhstan and across the CIS region, empowering them to navigate the dynamic world of digital assets with confidence.
#Bybit / #TheCryptoArk
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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Fintech PR
Crypto Derivatives Market Rebounds Amid Positive Sentiment, Bybit x Block Scholes Report Finds
DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, a renowned quantitative finance firm, has released its latest crypto derivatives analytics report. The report provides a comprehensive analysis of the crypto market’s response to the Federal Reserve’s recent rate cut and highlights key trends in futures, options, and perpetual contracts.
Following the 50 basis point rate cut on September 18, 2024, both spot and derivatives markets have exhibited positive sentiment. Bitcoin (BTC) and Ethereum (ETH) have seen price increases, while open interest in futures and perpetual swaps remains high. Funding rates have generally been positive, and BTC call open interest has gradually risen. Additionally, the volatility smile has expanded for both BTC and ETH calls, indicating increased investor optimism.
Key Findings from the Report:
- Futures Market: While futures trade volumes have declined, open interest remains resilient, suggesting traders are maintaining their positions.
- Perpetual Swaps: Perpetual swap open interest and trading volumes have remained relatively stable, indicating consistent trader activity.
- Options Market: BTC options activity has favored puts over calls, but open interest for calls is slowly recovering. Implied volatility for short-tenor options has fallen since the Fed’s rate cut, indicating growing bullish sentiment.
Bybit remains committed to providing its users with comprehensive market analysis and tools to help them make informed trading decisions.
For more information and to download the full report, please visit: https://learn.bybit.com/crypto-insights/bybit-x-block-scholescrypto-derivatives-analytics-report-sep-25-2024/
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/crypto-derivatives-market-rebounds-amid-positive-sentiment-bybit-x-block-scholes-report-finds-302261056.html
Fintech PR
NPCI International to Develop UPI-like Real-Time Payments Platform in Trinidad and Tobago
- Agreement signed with the Ministry of Digital Transformation, Trinidad and Tobago
- Marks an important step in expanding India’s digital public goods initiative globally
MUMBAI, India, Sept. 27, 2024 /PRNewswire/ — NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago, to develop a real-time payments platform similar to India’s ‘Unified Payments Interface‘ (UPI). This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI. This builds on the strong, longstanding bilateral ties between the two countries.
This strategic partnership aims to empower Trinidad and Tobago to establish a reliable and efficient real-time payments platform for both person-to-person (P2P) and person-to-merchant (P2M) transactions, expanding digital payments in the country and fostering financial inclusion. By leveraging technology and experiences from India’s UPI, the partnership seeks to assist Trinidad and Tobago in modernising its financial ecosystem. This involves enhancing accessibility, affordability, connectivity with domestic and international payment networks in the times to come and ensuring interoperability.
UPI has emerged as a transformative force in India’s financial landscape, registering nearly 15 billion transactions in August 2024, with an estimated value of USD 245 billion. Through strategic collaborations with foreign central banks and governments, NIPL is committed to advancing India’s digital public goods across the globe.
Speaking on the development, Mr. Ritesh Shukla, CEO, NPCI International, said, “Trinidad and Tobago is taking significant steps towards advancing its financial infrastructure, and we are proud to support them in building a secure, sovereign, and scalable payments platform. Our experience with UPI in India has demonstrated how real-time payments can transform economies, by improving access to essential financial services and reducing reliance on cash. We look forward to working closely with the Ministry of Digital Transformation and the Central Bank in Trinidad and Tobago.”
Spokesperson of Ministry of Digital Transformation, Trinidad and Tobago, said, “It is with great anticipation that the Ministry of Digital Transformation and the Ministry of Finance embark on this significant engagement with NIPL to implement a digital payment system for Trinidad and Tobago. Fashioned on India’s UPI, the digital payment platform will facilitate innovation in the Fintech sector, enhance the technical resiliency of the current payment infrastructure by providing a complementary, non-competing digital payments platform with increased security through the reduced use of cash. Moreover, successful implementation will contribute to the financial inclusion of our unbanked citizens. We extend sincere thanks to the Central Bank of Trinidad and Tobago, which continues to be a strategic partner and stakeholder in this important initiative. We look forward to the partnership with NPCI International, as we actively seek to transform the existing payments landscape and establish a modern digital payments ecosystem.”
For more details about NPCI International, click here.
For queries: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/npci-international-to-develop-upi-like-real-time-payments-platform-in-trinidad-and-tobago-302260996.html
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