Fintech
Transient Network to Remove Coding From Smart Contracts
Smart contracts have been one of the biggest components of the crypto/blockchain space ever since Ethereum introduced them in 2015. Since then, countless projects have emerged trying to offer this same feature, copy Ethereum, and try to attract developers and users and become the next big thing in crypto.
The problem with smart contracts, however, is that they used to be very difficult to create. You couldn’t just get one like selecting a form to fill out at the bank, provide the necessary information, and have the show on the road.
Instead, every smart contract needed to be created individually, which required technical knowledge. Naturally, since this is an all-digital environment, that meant knowing how to code.
Of course, coding is very widespread today, and every developer knows how to code to a certain extent. Some are better at it, some aren’t as good yet, but the fact is that they all know the basics. But, for some chains that came up with their own coding language, that meant learning a whole new programming language, so you couldn’t just employ any developer — you had to seek out those who were versed in blockchain technology.
For companies who could leverage blockchain’s tech through smart contracts – where their specialty isn’t technology – this idea is even further out of reach.
These days, the situation is significantly better. A lot more people have educated themselves in the ways of blockchain technology, while blockchain has adapted itself by allowing coding in languages that many developers were already familiar with. Still, in order for the use of blockchain and smart contracts to go mainstream, things need to be simplified even further, and that is what Transient Network is planning to do.
What is Transient Network and what does it do?
Transient Network calls itself the Amazon of smart contracts, and that is exactly what it wishes to become. It is a young but rapidly growing ecosystem, built from the ground up, with the goal of facilitating and increasing blockchain adaptation across every sphere of industry, and more importantly — our everyday lives.
The project has a series of goals, all of which revolve around smart contracts. It decided to help increase their adoption by making them code-free, thus removing the need to rely on developers so much. It also aims to deliver their seamless integration, so that businesses would be encouraged to start using them without having to experience any difficulties.
It also wishes to make them as useful and as universal as possible, which is why it also focuses on their interoperability. Their diversity is also a major focus of the project, hence the nickname of ‘The Amazon of Smart Contracts’ that the project gave to itself.
Smart contracts also need to be useful for the real world, which is another major goal of the company. And, finally, it wishes to make them better than ever before, which is why it is working on creating next-gen contracts.
Transient aims to have its smart contracts used in every aspect of crypto and real-world alike, from use in crypto markets to medical industry, real estate, logistics, entertainment, banking, procurement, law/legal, gambling and casinos, digital influencers, advertising, eSports and more. ESports will benefit greatly from the upcoming TSC-eSports dApp that is in development and will soon be available. TSC-eSports is an ecosystem of P2P market creation of your favourite competitions and a number of services relating to facilitating eSports competitions and team management — taking social betting and content driven experiences to the next level.
Each of these sectors — as well as many others — can be improved or even fully revolutionized through the use of smart contracts, and blockchain technology, in general. However, in order for that to happen, contracts first need to be easy to use, which is a major barrier for businesses. Crypto businesses are already using them, of course, since they are just another product of the blockchain. However, their implementation into traditional finance and non-finance industries requires a bit of convincing.
So, the best thing that can be done is to make smart contracts as easy to use as possible, as useful as possible, and make sure that it can open as many new doors as possible. That’s what Transient is all about, aiming to serve everyone, from individuals to mega-corporations, from freelancers to well-established businesses. In doing so, it wishes to help speed up the change that will ultimately come, impact the whole world, and make our technology work for us in the most productive and efficient way possible. All the use cases and new releases are detailed on Transient Network company website. On their Medium you can find information about their upcoming IDO – which is basically the IPO of the crypto world.
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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