Xsolla, a global video game commerce company, is pleased to announce the expansion of its payment solutions in Cambodia and Indonesia, providing access to localized payment methods tailored to each region. This initiative aligns with Xsolla’s broader strategy to strengthen its presence across Southeast Asia (SEA) and support game developers in effectively monetizing and distributing their games in these rapidly growing markets.

In Cambodia, Xsolla introduces eight new payment methods, including Internet banking options and digital wallets, tailored to the preferences of Cambodian users. This strategic expansion covers up to 90% of the payments market, ensuring that nearly every player in Cambodia can pay using their preferred method. For example, Bakong KHQR, a QR code-based payment system, holds 45% of the market share, while Acleda Bank accounts for 15%. Supported by the country’s ongoing digital transformation, with digital payment transactions surging by 28.7%, these solutions, including Wing Money, Pi Pay, and others, will enable game developers to reach nearly 2 million gamers in Cambodia, facilitating seamless checkout experiences and boosting sales.

In Indonesia, Xsolla is introducing several new payment methods to help game developers tap into the country’s vast gaming market, with over 185 million gamers out of a 275 million-strong population. Approximately 80% of consumers in Indonesia are unbanked or underbanked. With smartphone penetration reaching up to 80%, Alternative Payment Methods (APMs) are the most preferred option in Indonesia. By integrating these APMs, Xsolla can cover up to 90% of the market. This includes E-wallets, which account for 39% of the market, Bank Transfers at 27%, Cards at 17%, and Cash at 11%. Popular platforms such as ShopeePay, Jenius, and Akulaku are among the new payment options, simplifying transactions for Indonesian gamers and boosting market reach for game developers in one of the fastest-growing digital markets globally.

“Xsolla’s commitment to empowering game developers to access new markets is central to our mission. By introducing localized payment methods in Cambodia and Indonesia, we provide our partners with the tools they need to succeed in these dynamic and rapidly growing gaming environments. This expansion is part of our ongoing efforts to support developers globally and help them overcome payment challenges,” said Chris Hewish, Chief Strategy Officer of Xsolla.

The gaming market in Cambodia is projected to reach $75.21 million by 2027, with mobile games accounting for 66% of the revenue in 2023. In Indonesia, digital transformation opens up significant opportunities for game developers, mainly through localized payment solutions that reduce friction and improve transaction success rates.

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Ibanera, a leading digital banking platform, is attending the RAK DAO conference this year as one of the primary sponsors. At the event, Michael Carbonara, CEO of Ibanera, will be driving discussion on the future of fintech amongst Web3 leaders, including what this looks like in the Middle East and the RAK DAO ecosystem.

Ibanera’s role at the event will showcase the fintech enablement platform’s commitment to driving innovation and leadership amongst the emerging technology industry as it showcases its latest projects.

Ibanera’s CEO Michael Carbonara will also play a key role at the conference, as he joins global business leaders to discuss the power of interconnectivity during a panel talk that will further highlight the company’s influence as a supportive power to global institutions and financial organisations alike. Within this talk, Carbonara will be exploring the RAK DAO vision, mapping a decentralized world built within a well-integrated ecosystem for which collaboration, partnerships and innovation mark key pillars of success.

“As the fintech space continues to pursue greater connections across the global Web3 and decentralized landscape, the more we are able to map out what the future of finance looks like and how it will shape businesses and banking”, said Michael Carbonara, CEO of Ibanera. “The RAK DAO Conference is a cornerstone moment for the industry to get together and explore this exciting world of innovation, and I’m looking forward to hearing fresh perspectives from leaders within the community”.

As a key partner for this year’s RAK DAO conference, the MENA region’s premier blockchain and Web3 summit, Ibanera continues to devote its focus on the innovative Web3 momentum in the Middle East. Carbonara’s panel discussion at RAK DAO 2024 this year will occur on October 25th in Ras Al Khaimah, UAE.

The post Ibanera to Spotlight The Future of FinTech at RAK DAO Conference appeared first on HIPTHER Alerts.

A Secure Solution for Real Estate and High-Value Transactions Using Bitcoin and Ethereum

MIAMI BEACH, Fla., Oct. 24, 2024 /PRNewswire/ — Propy, a Web3 pioneer and US-licensed leader in title and escrow services for real-world assets, is excited to announce the launch of its innovative Propy Crypto Escrow Service, utilizing the Coinbase Prime platform and services. This revolutionary solution is set to transform the way high-value transactions—such as real estate closings and M&A deals—are secured and completed using Bitcoin, Ethereum, or USDC.

Over 50 million Americans held or used crypto in 2023; we know more than 400 million wallets actively use crypto globally. As the next generation of wealth grows onchain, these investors increasingly need services to use their wealth for real-world transactions. In the $43 trillion US real estate market in 2021 alone, crypto helped more than 12% of first home buyers in America to afford real estate purchases as per Redfin research.

Propy’s new crypto escrow service enables Bitcoin and Ethereum holders to securely hold their crypto funds with the Coinbase custody solution during the closing process, eliminating the need for early conversions that may trigger capital gains taxes or expose them to repurchase risks if the deal falls through.

“The strength of Propy Crypto Escrow lies in its ability to safeguard funds during the closing process, offering unprecedented security to both buyers and sellers,” said Natalia Karayaneva, CEO of Propy. “As the first US-licensed title company to operate in the crypto space, we are committed to providing a seamless and protected closing experience. With Coinbase’s trusted custody solution, we add an extra layer of security, ensuring funds are held securely until the final stages of the transaction.”

Propy Crypto Escrow is tailored to Bitcoin and Ethereum holders looking to use their cryptocurrency for high-value purchases, such as real estate. Typically, real estate closings involve a 30-day process, during which time buyers may be reluctant to exchange their crypto early, especially if the seller prefers to receive dollars at closing. Exchanging crypto prematurely can result in capital gains taxes or additional costs for repurchasing the cryptocurrency later if the deal doesn’t go through.

By holding crypto securely in escrow, Propy allows buyers to complete the exchange only at the end of the transaction when the deal closes. This minimizes risk and streamlines the entire process. Licensed title and escrow companies in the US often lack the infrastructure to accept and manage cryptocurrency in escrow, but Propy’s selection of Coinbase Prime bridges this gap by ensuring secure custody and smooth conversion to fiat at closing.

Mike Piwowar, former Commissioner at the U.S. Securities and Exchange Commission and Propy Board Member said: “This collaboration between Web3 leaders Propy and Coinbase represents a major step forward in innovations that yield tangible benefits for everyone involved in real estate.”

Propy’s crypto escrow service, powered by Coinbase Prime, along with Propy’s advanced closing protocol, and Propy’s Title and Escrow Agency, creates a secure and transparent framework for handling high-value transactions paid in Bitcoin, Ethereum, or USDC. The process mirrors traditional real estate closings but adapts seamlessly to the Web3 world, offering users a compliant and user-friendly experience.

About Propy

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Propy is the leading AI and blockchain-powered real estate platform, simplifying the buying and selling of property and bringing real estate transactions online securely and efficiently, from offer to close. In 2017, Propy introduced smart contracts for real estate closing, making the process faster, easier, and more secure for purchase participants, while also helping real estate agents and title companies migrate to closing on blockchain. More than $10 billion worth of U.S. homes have already been minted in the Propy ecosystem. Brokerages nationwide trust Propy’s SaaS platform for its automated notifications, e-signatures, analytics, and compliance tracking, ensuring property deals are closed in a seamless, fast, and cost-effective manner. Propy also provides educational material, step-by-step guides, and certifications to modern real estate professionals. For more information, visit Propy.

For media contact: Matt Brannon; [email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/propy-launches-crypto-escrow-service-selects-coinbase-prime-for-crypto-prime-services-302285062.html