Tag: Digital

Immutable Launches Decentralized Blockchain Payment Solution for Digital Goods

Immutable Checkout boasts a one-stop-shop payment solution for digital products like in-game items and NFTs.  Immutable has introduced a new payment solution for decentralized games and the Web3 marketplace. Reports state that the blockchain gaming firm’s new scheme promises to make payments more seamless and straightforward. The consensus is that the solution, called Immutable Checkout, will also revolutionize online transactions involving digital goods. This will happen because the Immutable payment solution’s decentralized infrastructure can manage all payment processes driven by blockchain technology. Built on the Ethereum blockchain, Immutable Checkout caters to…

Policy could impact digital identity

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The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy and the blockchain ecosystem in Nigeria. The government of Nigeria approved a National Blockchain Policy during a meeting on May 3, 2023. A policy draft stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph contacted the local blockchain ecosystem…

Digital Assets for 1 Billion Rubles Issued in Russia in a Month – Bitcoin News

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Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian Businesses Seven placements of digital financial assets (DFAs) for a total of about 1 billion rubles ($13 million) were made in Russia last month, the Kommersant reported. Experts quoted by the business daily note that…

Deloitte integrates blockchain for digital credentials

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Big Four accounting firm Deloitte has integrated blockchain technology to enable its customers to verify themselves with a single credential wallet, in an effort to streamline the “typically inefficient” verification processes. In a May 4 statement, Deloitte announced it has integrated KILT blockchain technology, a Polkadot (DOT) parachain, to issue reusable digital credentials to streamline Know Your Customer (KYC) and Know Your Business (KYB) verification processes. Establish a digital identity with Deloitte and keep control of your data, sharing only the data you want to share. We are launching a…

Voyager Digital Provides Update on Reimbursement Plan for Creditors – Bitcoin News

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Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few weeks.” This update comes nine days after Binance’s decision to back away from the deal. Voyager Digital Expects Initial Distributions to Creditors ‘Within the Next Few Weeks’ Voyager Digital has published an update for creditors. According to a tweet from the firm on May 4, 2023, they may be able to expect some cash or…

Texas House Advances Gold-Backed Digital Currency Bill – Economics Bitcoin News

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Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them to execute redemptions for the gold specie, or coins, backing it. Texas House Committee Passes Gold-Backed Digital Currency Bill A Texas House committee has taken the first steps in the discussion of a bill that…

BNP Paribas teams up with Bank of China to promote digital yuan usage

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The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China’s digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China’s corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China’s digital currency via an e-CNY management system. The e-CNY management system also promises to make it easier and more convenient for clients…

Cryptoys Unveils Star Wars Digital Toys in New Line of Collectibles – Blockchain Bitcoin News

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The crypto platform Cryptoys, backed by Andreessen Horowitz, has announced the launch of Star Wars collectible digital toys featuring iconic characters Darth Vader, Luke Skywalker, and Princess Leia. Cryptoys stated on Thursday that 15 digital action figures will be available to collect in total, and the initial Star Wars non-fungible token (NFT) drop will begin on May 24. Cryptoys to Drop Star Wars Digital Collectibles at the End of May On May 4, 2023, Cryptoys, the digital collectible platform crafted by the Miami startup Onchain Studios, announced a new line…

Zimbabwe Central Bank Introduces Plan to Sell Gold-Backed Digital Tokens

The central bank of Zimbabwe introduced this gold-backed digital currency to combat the volatility of its national currency. In a notice on Thursday, May 4, the Reserve Bank of Zimbabwe (RBZ) invited financial institutions and individuals to subscribe to its upcoming gold-backed digital currency. As per the initial plans, the gold-backed digital tokens will be available to investors starting May 8. The central bank also plans to sell these tokens at a minimum price of $10 for individuals and $5,000 for financial institutions and corporates. As per the Reserve Bank…