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Blockchain for Good Alliance (BGA) Unites Web3 for Societal Impact, launching at Blockchain Life Dubai with Bybit Web3, Harvard Blockchain Club, Solana Foundation, Moledao, Aptos, ICP.Hub UAE, Alchemy Pay as Key Partners
DUBAI, UAE, April 15, 2024 /PRNewswire/ — The Blockchain for Good Alliance (BGA) officially announces its launch today, marking a significant step forward in the mission to leverage blockchain technology for social good.
BGA has partnered with leading entities in the blockchain space including Bybit Web3, Solana Foundation, Aptos, Moledao, Harvard Blockchain Club, ICP.Hub UAE, American University of Sharjah (AUS), Coineasy, Libera, Edu3Labs, Alchemy Pay, Bu Zhi DAO and XueDAO. These partnerships underscore a shared vision for utilizing blockchain technology to address pressing global issues and foster a more equitable and sustainable future.
“As a university club deeply passionate about the potential of blockchain technology for social good, we are thrilled to be a part of the Blockchain for Good Alliance (BGA) launch. Through our commitment to exploring university initiatives such as establishing a blockchain publication repository and supporting BGA’s impactful projects, we aim to foster a culture of innovation and collaboration within our academic community. We look forward to empowering students and researchers to leverage blockchain for good and drive meaningful change in the world,” said Abbie, representative of the Harvard Blockchain Club.
“Moledao is committed to empowering builders within the Web3 ecosystem to innovate and create solutions that drive positive change. Through collaboration and community-led initiatives such as BGA, we believe in unlocking the full potential of blockchain technology to address real-world challenges and shape a more inclusive future,” said YH, Web3 Lead at Moledao.
The collaboration of these founding partners with BGA represents a collective commitment to not only imagine a better world but to actively create it through the innovative application of blockchain technology. By uniting diverse talents and resources within the blockchain community, BGA aims to catalyze meaningful change and foster a future where technology serves as a cornerstone for good.
“Solana, known for its superior performance and efficiency, offers transactions that are both fast and cost-effective. This has opened doors for innovative public infrastructure projects such as Helium and Hivemapper, where users not only contribute but also earn from their participation. Moreover, Solana’s technology facilitates accessible cross-border remittances and new financial products, making it a pivotal player in creating a more inclusive financial system.
Our collaboration with the Blockchain for Good Alliance (BGA) enhances our commitment to harnessing blockchain for global benefit. We are enthusiastic about working alongside partners like Bybit to propel the BGA’s mission forward and drive impactful change.” said Lily Liu, President of Solana Foundation.
“As we throw open the doors to Web3 and a better financial future, we at Bybit want to ensure the vast potential of blockchain technology is used not just for economic gain, but as a force for good,” said Helen Liu, Bybit COO. “As founding members of the Blockchain for Good Alliance, we mark the start of this journey with our esteemed collaborators in shaping a future where blockchain uplifts communities worldwide.”
Join Blockchain for Good Alliance (BGA)
BGA is on the lookout for more like-minded organizations, communities and innovators who share our passion for harnessing blockchain technology for the greater good. We believe that through collaboration and shared vision, we can significantly amplify our impact on society and the environment.
Find out more here: www.blockchainforgood.xyz
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organizations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
About Harvard Blockchain Club
Harvard Blockchain Club is the largest blockchain-focused student organization at Harvard, with over 200 members. We welcome everyone, regardless of academic background or prior familiarity with blockchain.
https://harvardblockchainclub.com/
About Moledao
Moledao is a Web3 builder community which helps to connect and develop budding entrepreneurs, facilitating collaborative efforts towards building the Web3 ecosystem.
About Solana Foundation
Solana, one of the world’s most decentralized proof-of-stake and high-performance blockchains, powerful for developers, fast for everyone. Solana supports experiences for power users, new consumers, and everyone in between.
Solana Foundation is a non-profit organization dedicated to the decentralization, growth, and security of the Solana network.
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simple, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces, and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 25 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3:
https://www.bybit.com/en/promo/global/web3begins
For more information
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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Spanish banking giant Santander and payment services firm Iberpay have been selected as the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme, led by the European Payments Council (EPC).
The OCT Inst scheme aims to establish the necessary frameworks and processes to facilitate international account-to-account (A2A) payments across various currencies. It marks the first initiative by the EPC to support transactions where only one payment service provider operates within the geographical scope of the Single Euro Payments Area (SEPA), and it commenced operations last November.
As the first participants, Iberpay will function as the clearing and settlement mechanism (CSM), facilitated through Santander, for OCT Inst transactions. Iberpay has been entrusted with the role of OCT Inst Processor, responsible for providing the infrastructure and services essential for processing international cross-currency instant transfers under the scheme.
The pair have successfully conducted the first international instant transfers through OCT Inst this month. Full service adoption among banks in Spain is scheduled for October, with additional banks expected to connect to Iberpay’s service in the coming months.
Juan Luis Encinas, CEO at Iberpay, expressed that the firm’s involvement in the scheme will empower its banking partners to introduce “new innovative services, enhance the customer experience, and maintain a high level of competitiveness.” The company aims to improve international cross-currency payments in terms of processing speed, 24×7 operation, information transparency, accessibility, and cost reduction.
Giorgio Andreoli, Director General of the EPC, emphasized that OCT Inst will provide “a multilateral scheme-based approach in a multilateral world.”
In the meantime, the EPC is inviting stakeholders interested in the evolution of the OCT Inst scheme to participate in its public consultation, which concludes on 9 June.
Source: fintechfutures.com
The post Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants appeared first on HIPTHER Alerts.
Latest News
Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product
TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families.
Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
- Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.
- Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks.
- Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.
- Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.
- Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.
- Password Manager: Creates and manages strong passwords and assists with their use.
- Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.
- Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.
The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected]
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Visa introduces series of new digital product launches
The unveilings include the introduction of Visa Flexible Credential, allowing users to seamlessly switch between debit, credit, rewards points, and buy now, pay later (BNPL) options during transactions.
Presently operational in Asia, this feature is slated to launch in the US “later this summer” through BNPL fintech Affirm.
Given that tap-to-pay usage reached 65% globally last year, Visa is also rolling out a new Tap to Everything service. This service enables NFC-enabled mobile devices to accept payments, transfer funds, and securely verify identities with a simple tap.
Security emerges as a key focus for Visa, evident in the launch of its Payments Passkey Service. This service authorizes online payments using biometric technology and will integrate with Visa’s Click to Pay service and newly issued cards.
Furthermore, Visa has steadily expanded its Pay by Bank service across Europe since its €1.8 billion acquisition of Swedish open banking platform Tink in 2021. The latest developments will extend this capability to US consumers, with Visa aiming to “digitize and streamline the account-to-account (A2A) payments experience”.
Visa Protect, a component of its value-added services utilizing AI to combat fraud, will be applied to A2A payments in collaboration with Real-Time Payments (RTP) networks. This service is currently operational in Latin America and undergoing pilot testing in the UK.
Another notable development unveiled during the forum is the introduction of Visa data tokens. Leveraging Visa’s tokenization infrastructure and partner banks’ networks, these AI-powered tokens give consumers greater control over their data shared with merchants and financial institutions. Consumers can consent to data sharing while shopping online and revoke access directly from their banking app if desired.
Jack Forestell, Visa’s chief product and strategy officer, describes these developments collectively as “the next generation of truly digital-native card experiences”, promising a future that is more personalized, convenient, and secure for consumers.
Visa plans to roll out these new products “later this year”, aiming to redefine the card experience for consumers worldwide.
Source: fintechfutures.com
The post Visa seeks to “revolutionise the card” with array of new product launches appeared first on HIPTHER Alerts.
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