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FoodChain Global lists its FOOD token on HotBit, bringing transparency to charitable donations
FoodChain Global, a blockchain ecosystem focused on fighting global hunger through NFTs, P2E games, staking, and exclusive merchandise, launches its FOOD token on crypto trading platform HotBit, using the transparency of blockchain to show the value of donations being administered. Through utilizing blockchain addresses that are publicly verifiable on PolygonScan, the real-world utility of FOOD tokens is showcased.
In 2015, the UN committed to fight global hunger and reduce it by 50 percent by 2030. But there are more people hungry and malnourished today than ever before, and public trust in charitable donations to solve the issue continues to dwindle. More than 60 percent of people globally don’t believe charities can accomplish their missions. And can you blame them? Charity scandals, including pocketing donations of upwards of $187 million, is not a foreign concept to the public. Transparency measures serve as an antidote to the public’s toxic relationship with charities, restoring trust in charitable causes, and even boosting contributions according to a 2018 study from the Journal of Accounting, Auditing & Finance.
“In order to tackle the global food crisis we want to engage millennials, who are already embedded in the blockchain world, with custom FoodChain Global NFTs and P2E games to speak to this age group as traditional charities do not,” says Shawn Kurz, founder of FoodChain Global.
FoodChain Global (FCG) ensures charitable donations go to the right place by utilizing the transparency of blockchain to provide a public financial record of all transactions through the FCG proof-of-work page. The token also offers a sustainable purpose by helping to combat a real-world hunger problem differentiating itself from meme coins and also bringing long-term sustainability with its full ecosystem, including NFTs, P2E games, staking, and exclusive merchandise. In order to incentivize staking, FoodChain Global offers interest rates from 12 percent to 20 percent helping to combat global inflation and encouraging holding FOOD tokens for longer periods of time. FoodChain Global has already completed multiple events with local food banks prior to the token launch to showcase its proof-of-work concept and the seriousness of the project.
FOOD token operates on Polygon to build upon its real-world use case to ensure minimal transaction fees compared to Ethereum Mainnet where transactions are extremely expensive and recently in a range of $25 to over $60 USD. By running on Polygon with transaction fees under one penny, FOOD token solves issues related to speed and eliminates unnecessary user fees creating a perfect utility token that can be used in our daily lives while empowering others to do good.
“FoodChain Global wants to leverage blockchain so it makes sense to the average person by showing its real-world function,” says Kurz.
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Revio, the young fintech winning over Old Mutual and MTN
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Basel Committee highlights rising risks from finance digitalisation in new report
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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