📣 penomo 🤝 Kima Network. This one is powerful 💪 ✅Solving interchain settlements and enabling DvP ✅Create a seamless onchain finance experience ✅Set the rails to drive critical mass of web2 & web3 liquidity towards #tokenized high impact green RWA ⚡️ We’re thrilled to announce our partnership with Kima Finance, a pioneer in decentralized finance solutions. The synergies: 💸Seamless Financial Transactions: penomo is to integrate Kima’s universal payment rail for efficient on- and off-ramps, ensuring smooth, secure transactions one that operates..without Smart Contracts and reduced attack vectors ⚡️Efficient Asset Purchases: Kima’s DvP functionality allows penomo users to seamlessly buy real-world assets with stablecoins with secure and simultaneous asset and fund transfers 📈Optimized Liquidity Management: With Kima’s Liquidity Cloud, penomo can manage and access liquidity across assets and networks, enhancing investment opportunities. More details to follow 🔜 About Kima: Kima’s protocol is celebrated as “Financial Interoperability 2.0,” seamlessly bridges the gap between disparate blockchain networks and the centralized computing world — including banks, apps, and websites. Already Partnered with Mastercard to build a 'DeFi Credit Card'
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More and more top-end financial institutions are adopting #tokenization, and the size of tokenized AUM continues to rise. Yet, the desired fundamental ‘web2’ experience is still missing in onchain finance, especially when it comes to breaking through capital financing in traditional sectors like renewable energy. The myriad of blockchains, spread-out liquidity, and susceptibility to smart contract errors make onchain financing harder to adopt. At penomo, where we are creating a new composable Asset class, we need to solve this, and that’s where the partnership with Kima Network plays an important role. This collaboration is set to enhance the financing experience penomo brings by ensuring seamless, secure transactions across various financial infrastructures, providing efficient asset purchase mechanisms, and optimizing liquidity management across multiple assets and blockchain networks. Love what the team at Kima Network has been building Eitan Katz Guy Vider Olena Usachova Julia Tsymbal-Tymoshenko Ryan Au Kaya Gülten Sascha K.
📣 penomo 🤝 Kima Network. This one is powerful 💪 ✅Solving interchain settlements and enabling DvP ✅Create a seamless onchain finance experience ✅Set the rails to drive critical mass of web2 & web3 liquidity towards #tokenized high impact green RWA ⚡️ We’re thrilled to announce our partnership with Kima Finance, a pioneer in decentralized finance solutions. The synergies: 💸Seamless Financial Transactions: penomo is to integrate Kima’s universal payment rail for efficient on- and off-ramps, ensuring smooth, secure transactions one that operates..without Smart Contracts and reduced attack vectors ⚡️Efficient Asset Purchases: Kima’s DvP functionality allows penomo users to seamlessly buy real-world assets with stablecoins with secure and simultaneous asset and fund transfers 📈Optimized Liquidity Management: With Kima’s Liquidity Cloud, penomo can manage and access liquidity across assets and networks, enhancing investment opportunities. More details to follow 🔜 About Kima: Kima’s protocol is celebrated as “Financial Interoperability 2.0,” seamlessly bridges the gap between disparate blockchain networks and the centralized computing world — including banks, apps, and websites. Already Partnered with Mastercard to build a 'DeFi Credit Card'
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𝐐𝐮𝐚𝐧𝐭𝐨𝐳 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐅𝐚𝐫𝐩𝐨𝐫𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐉𝐨𝐢𝐧 𝐅𝐨𝐫𝐜𝐞𝐬 𝐭𝐨 𝐃𝐞𝐥𝐢𝐯𝐞𝐫 𝐍𝐞𝐱𝐭-𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐀𝐥𝐠𝐨𝐫𝐚𝐧𝐝 Utrecht, Netherlands & Rome, Italy –November 21, 2024 – Quantoz Payments B.V. (“Quantoz”), a regulated provider of electronic money infrastructure, and Farport Software S.r.l. (“Farport”), a software consultancy firm specialised in solutions for payment services and e-money provider, are pleased to announce a strategic partnership aimed at expanding digital payment capabilities on the European market. With this collaboration, Farport will integrate Quantoz’s payment infrastructure into its solutions, allowing both companies to bring comprehensive digital payment offerings to market. Leveraging the Algorand Technologies blockchain as the underlying infrastructure, Quantoz and Farport benefit from a robust and eco-friendly foundation to drive innovation in the digital finance sector. Read the full press release here: https://lnkd.in/eBxnpWds
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XBANKING: Bridging Traditional Finance and DeFi XBANKING is poised to transform the decentralized finance (DeFi) landscape with its innovative hybrid model, which seamlessly combines the stability of traditional financial systems with the revolutionary potential of blockchain technology. This approach aims to address key challenges in the DeFi ecosystem, such as volatility, accessibility, and limited user engagement. By incorporating established financial principles into its platform, XBANKING enhances trust and reliability, making DeFi more appealing to mainstream investors and financial institutions. At the same time, it leverages blockchain’s transparency, efficiency, and decentralized nature to provide users with unparalleled benefits, such as secure transactions, reduced fees, and greater autonomy. One of XBANKING's standout features is its novel approach to rewarding participants. Unlike conventional DeFi platforms that often focus solely on high-risk, high-reward incentives, XBANKING introduces mechanisms designed to balance profitability with sustainability. This ensures that both seasoned crypto enthusiasts and traditional investors can find value in the platform, fostering wider adoption. In bridging the gap between traditional finance and blockchain innovation, XBANKING is not just reshaping how DeFi operates—it is laying the foundation for a more inclusive and sustainable financial future. For more information, visit; Website: https://xbanking.org Telegram: https://t.me/xbanking Community: https://lnkd.in/gac7cwrb Twitter: https://x.com/xbanking_org
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Decentralized Finance (DeFi) is an ecosystem that aims to revolutionize the traditional financial system by leveraging blockchain technology and smart contracts. At its core, DeFi eliminates the need for intermediaries, such as banks and financial institutions, by enabling peer-to-peer transactions and financial services. 🔥Financial Inclusion: DeFi offers a borderless and permissionless financial system, enabling individuals from all walks of life to access financial services regardless of their geographic location or socioeconomic status. 🔥Transparency and Immutability: Built on blockchain technology, DeFi protocols operate transparently, with all transactions recorded on a public ledger, ensuring transparency and immutability. 🔥Composability: DeFi protocols are designed to be interoperable, allowing developers to build new applications and services by combining existing protocols, fostering innovation and rapid development. 🔥Programmable Finance: Smart contracts enable the creation of programmable financial instruments, automating various processes and reducing the need for intermediaries. 🔥Decentralized Governance: Many DeFi protocols are governed by decentralized autonomous organizations (DAOs), allowing token holders to participate in decision-making processes, and promoting community ownership and accountability. While DeFi holds immense potential, it is still an emerging field with challenges to overcome, such as regulatory uncertainty, scalability issues, and security risks. REMEMBER: There are hundreds if not thousands of DeFi projects out there, always practice risk management and always, always, always DYOR! #DecentralizedFinance #DeFi #DYOR
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Blockchain technology is revolutionizing financial services by enhancing trust, security, and transparency while delivering cost savings through new efficiencies. By leveraging blockchain, institutions can streamline processes, improve settlement times, and reduce operational costs. The immutable and shared ledger system ensures data integrity and enables real-time transactions. In the realm of financial market infrastructure, blockchain offers a unified infrastructure that enhances settlement times and efficiency. It allows for innovative applications, such as payments and delivery versus payment systems, transforming the way assets are handled in the financial markets. One crucial player in this transformation is Chainlink, providing the necessary infrastructure for global financial trade. By enabling atomic settlement with digital asset transactions, institutions like ANZ Banking Group are tokenizing assets like the Australian dollar and carbon credits. This tokenization streamlines transactions and introduces efficiency while catering to the growing demand for nature-based asset investments. Regulatory hurdles and supply constraints pose challenges for institutional investors entering the digital asset space. However, solutions like Chainlink's interoperability protocols and AZ's blockchain-agnostic approach open up new opportunities by accessing digital asset markets through existing infrastructure. This interoperability is key to expanding the scope and accessibility of digital assets in the financial sector. ANZ Banking Group's focus on digital assets and smart contracts development underscores the importance of blockchain technology in shaping the future of finance. Developing tokenization engines, smart contracts, and asset exchange APIs proves vital in driving innovation and operational efficiency within financial services. As blockchain and digital assets continue to gain momentum, regulatory frameworks need to evolve to support widespread adoption. Building a critical mass of participants will be instrumental in successfully implementing blockchain solutions across the financial landscape. In conclusion, the integration of blockchain technology in financial services brings numerous benefits, from improved security and transparency to enhanced operational efficiency. With innovative solutions like Chainlink paving the way for global financial trade, the future of finance embraces blockchain as a cornerstone of transformation and progress. #TechMindsetPro #Blockchain #DigitalAssets #FinancialServices #Innovation #Chainlink #DeFi #ANZBankingGroup
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In trade finance, blockchain technology is revolutionizing traditional processes and unlocking new avenues for innovation. As a decentralized and immutable digital ledger, blockchain provides unmatched transparency, security, and efficiency, making it ideal for streamlining trade finance operations. Here's how blockchain is reshaping trade finance: 1. 𝘌𝘯𝘩𝘢𝘯𝘤𝘦𝘥 𝘛𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺: Blockchain offers transparent and tamper-proof transaction records, accessible to all parties including buyers, sellers, banks, and regulators. This transparency reduces fraud risk and builds trust among stakeholders. 2. 𝘐𝘮𝘱𝘳𝘰𝘷𝘦𝘥 𝘌𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘺: Blockchain digitizes and automates manual trade finance processes like documentation and verification. Smart contracts execute predefined terms automatically, reducing processing time and eliminating intermediaries. 3. 𝘙𝘦𝘥𝘶𝘤𝘦𝘥 𝘊𝘰𝘴𝘵𝘴: Blockchain eliminates multiple intermediaries and paperwork in trade finance, leading to cost savings. Streamlined processes and reduced overhead enable faster and more cost-effective transactions. 4. 𝘌𝘯𝘩𝘢𝘯𝘤𝘦𝘥 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘺: Blockchain's cryptographic nature ensures secure and unalterable trade finance data. Transactions are encrypted and linked chronologically, enhancing trust and preventing data breaches or fraud. 5. 𝘎𝘳𝘦𝘢𝘵𝘦𝘳 𝘈𝘤𝘤𝘦𝘴𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺: Blockchain enhances access to trade finance, especially for SMEs and businesses in emerging markets. Its decentralized platform democratizes financing, promoting financial inclusion and accessibility. As businesses and financial institutions recognize the transformative potential of blockchain in trade finance, the adoption of this technology continues to gain momentum. By leveraging blockchain for trade finance innovation, businesses can unlock new efficiencies, reduce costs, mitigate risks, and drive greater transparency and trust in global trade transactions. #businessdevelopment #softwaredevelopment #fintech #BFSI #siteclick
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Decentralised Finance: A Categorisation of Smart Contracts 🔗📜 First introduced on the Ethereum blockchain in 2015, smart contracts have become the backbone of Decentralised Finance (DeFi). Smart contracts are computer programs stored on the blockchain and run when predetermined conditions are met. They are designed to facilitate financial transactions among blockchain users without the need for trusted intermediaries that characterize traditional finance. Owing to their open-source nature, smart contracts have been a major source of financial innovation 💡. Nonetheless, they bring enormous technological complexity 🧩. Regulators and supervisors need to understand and monitor this complexity to systematically evaluate the risks to investors and financial stability stemming from DeFi. Based on on-chain data and using the topic model proposed by Ibba et al. (2021), we categorize smart contracts on the Ethereum blockchain into five main categories: 1. Financial: Smart contracts belonging to this category serve primarily to gather and redistribute funds, thus enabling basic financial operations 💸. 2. Operational: This category comprises smart contracts that, performing general-purpose operations, facilitate the functioning of other smart contracts or the interaction between other smart contracts ⚙️. 3. Token: Smart contracts in this category enable the generation of new tokens, their indexing, and their dismissal 🎟️. 4. Wallet: Smart contracts within this category concern the management of fees, sender accounts, balances, public access, requirements, and permission control 💼. 5. Infrastructure: This category comprises contracts that deal with the manipulation and processing of string data, Boolean values, signatures, encoding and decoding operations, ABI (Application Binary Interface) functionality, viewing operations, memory usage, sending operations, and payload handling 🏗️. Related material by European Securities and Markets Authority (ESMA) attached below #DeFi #SmartContracts #Blockchain #Ethereum #DecentralisedFinance #CryptoInnovation #FinancialTechnology #BlockchainTechnology #DigitalAssets #CryptoRegulation #FinancialStability #Tokenization #CryptoWallets
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🌟 Blockchain in the Financial Industry: A Paradigm Shift 🌟 Blockchain technology is revolutionizing the financial industry, transforming traditional practices and unlocking new possibilities across various sectors. At its core, blockchain is a decentralized ledger that records transactions securely and transparently across multiple computers. Here’s how this groundbreaking tech is reshaping finance: 🔗 Cross-Border Payments: Blockchain facilitates near-instantaneous international money transfers by eliminating intermediaries like banks and clearinghouses. This reduces delays and high fees, making transactions faster and more affordable. Companies like Ripple are leading the way with tailored solutions for cross-border payments. 💸🌍 🔗 Decentralized Finance (DeFi): DeFi is revolutionizing traditional financial systems like lending and borrowing. Using smart contracts on blockchain platforms like Ethereum, individuals can lend or borrow funds peer-to-peer, providing broader access to financial services globally. 📈🤝 🔗 Transparency and Security: Blockchain’s decentralized nature ensures every transaction is recorded on a public ledger, enhancing transparency and security. This reduces fraud risk and simplifies compliance and auditing for financial institutions, building trust among users and regulators. 🔒📊 🔗 Future Possibilities: Blockchain is evolving, with industries exploring asset tokenization for fractional ownership of real-world assets and central banks researching CBDCs built on blockchain technology. These innovations could revolutionize asset ownership and money issuance. 🏠🖼💰 In conclusion, blockchain is a game-changer for the financial sector, from cross-border payments to decentralized lending. Despite challenges like scalability and regulatory clarity, the benefits are undeniable. As adoption grows, financial institutions and consumers alike will enjoy increased efficiency, lower costs, and enhanced financial inclusion globally. 🌐🚀 #Blockchain #Finance #DeFi #CrossBorderPayments #DigitalAssets #FinTech #Innovation #FinancialInclusion #DigitalAssetCapital
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Why XDC Network? A Guide for Builders 🛠️ #XDCNetwork is a pioneering blockchain tailored to meet the evolving needs of #DeFi and global trade. With its speed, scalability, and cost-efficiency, XDC Network has become a go-to choice for #developers creating decentralized applications and for users looking to engage in the next generation of financial and trade ecosystems. 🔗 https://docs.xdc.network Fast, Finalized Transactions ⏲️ XDC Network’s block finalization happens within seconds, ensuring your #dApp processes transactions in real time. No more waiting around—focus on building, not on delays. Low Transaction Fees 💰 Costs add up quickly on many blockchains, but XDC keeps transaction fees low without sacrificing performance. This allows your dApp to operate affordably, making it accessible to more users. Byzantine Fault Tolerance 🔐 With a robust #BFT consensus, #XDC ensures high security even against sophisticated attacks. Rest easy knowing your application and its users’ assets are protected by cutting-edge technology. Developer-Friendly Resources 📖 XDC supports developers with comprehensive documentation, integration guides, and access to a growing ecosystem of tools. A Community of Builders 🤝 From dev forums to X, XDC’s community is here to support. Connect with fellow developers and gain insights on how to make the most of XDC’s tools and capabilities. Ready to start? Get building on XDC Network today and see how its features can empower your ideas. 🔗 http://xdc.org/build #BuildItOnXDC
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