Fintech
Outrace $ORE Poised to Turn More Attractive in Immediate Future
Manila, Philippines–(Newsfile Corp. – November 18, 2021) – Poised for expansion in the immediate future, the online racing game Outrace now has caught the fancy of the players as they can earn good rewards from it. It is, thus, interesting as well as rewarding.
Outrace
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Outrace ($ORE), inspired by the popularity of online racing games, now has the NFTs and Blockchain technology incorporated in it. It becomes more thrilling as the gamers have to race against the AI’s. On being successful, they earn rewards.
According to Fred Bruno, the CEO and Founder of Outrace, the company now has emerged as a very prominent name in-car gaming. Different cars have been made available with varying stats and abilities for the racers that suit their racing style and desire to become a champion.
The new racing games have been developed by the same team as BCPAY FINTECH $BCPAY (formerly Bitcashpay $BCP), both $BCPAY and $ORE tokens can be used in the game, Fred Bruno said $BCPAY can be used to buy car accessories and $ORE can be used in expanding the gamer’s garage.
The winning races are entitled to get a reward on the racer’s $ORE token. A player can begin the Outrace play by first deciding to be a Crew Leader or a Crew Racer. To be a Crew Leader, however, the gamer must have a garage as, without it, the gamer cannot buy a car. Subsequently, the player cannot start a race.
For the Crew Racers, owning a garage is not necessary as they make a Contract with a Crew Leader to enter into his or her team to participate in the race. This is the reason why owning a garage is so important for the Crew Leader.
Another practical reason is that if the Crew Leader has more slots in the garage, a greater number of the more Racers can participate in the racing contract.
Outrace players can participate in 3 different game modes which are:
1. Conqueror Mode: Player has the option to race against AI on Pearl Island. The winners in the Conqueror Mode can get a reward with $ORE. 200 courses to race on.
2. Sprint Race Mode: This permits races of more than 2 people.
3. Pink Slip Race: This is the only game playable by only the Crew Leaders.
Outrace racing game has also integrated some rules related to how racing actually works. It now has such mechanics that includes Mileage Limits, Car Styles, Stat Blocks, Visual Kits, and Adrenaline Boost Cards. Cars can initially be bought and sold in the marketplace with Binance Token $BNB, until the car factory is released.
The $ORE token can be used to purchase a garage. Owning a garage allows you to become a Crew Leader but it also means direct buying pressure on the $ORE token to players to create their racing teams. Buying car spares and parts also put pressure on the $ORE token.
$BCPAY and $ORE tokens will be used to manufacture cars. It is similar to the Breeding function in Axie Infinity.
Outrace will be launching on Binance Smart Chain. Subsequently, there should not be any worries about high fees when trading NFTs.
Some of the ambitious corporate plans of Outrace in 2022 would be to create manufacturing set up and garage rentals in the 1st Quarter, marketplace and garage revamp and up-gradation in the 2nd Quarter, UI Design upgrade, and community assessment in the 3rd Quarter and expansion in the 4th Quarter.
As far as 2021 is concerned, Outrace will conduct its Public Sale in Trustpad and Sparkpoint (stay tuned for the launch date) followed by the listing on Apeswap.Finance. The official announcements by Outrace in this regard will be flashed on Telegram and Twitter.
Not much time is left for the exciting official announcements.
The beta phase is expected to be released before the end of 2021 with more information being released after the Public Sale. The excitement is high within the $ORE community to get their hands behind the wheel, and the team is doing all they can to get it done.
Besides, 3 different game modes which are Conqueror (solo player), Sprint Race (multiplayer versus), and Pink Slip (1v1 with your cars on the line) will also be the next developments of Outrace. The racing game will also be equipped with eye-catching art and graphics with action-packed PvP integration.
To the top of this, Beta will also go live before the end of the year. To ensure that the regular and constant buy pressure for the $ORE token is weathered, there would also be the manufacturing of cars in the future.
To facilitate the gamers, 40% of all supplies of tokens will be given to them to play uninterrupted. Provisions have also been made for the Garage Owners who can create a team and earn a percentage of their racers’ income. Here, the gamers stand to benefit in a major way.
Outrace, thus, is poised to take a giant leap forward. To make this giant leap, Outrace has streamlined all its functionalities with a host of additional benefits. This will make the racing game much more exciting and engrossing widening scopes to gamers to show their racing talents and win rewards.
Outrace is opening up new vistas of thrill for the racers. At the same time, it also provides several benefits to the Garage Owners. In other words, the importance of Garage Owners has been well-kept within the sight of the Outrace management.
Thus, the year 2022 will find Outrace simply irresistible to race gamers with new benefits packages as far as tokens are concerned.
Find us on: https://outrace.game
Media Details:
Company name: Outrace
Website: https://outrace.game
E-mail: [email protected]
City: Manila
Country: Philippines
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104078
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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