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If You Run One of These Businesses, You Need a Crypto Payment Solution

By
TI Partners
-
0

Paying with cryptocurrencies has changed from being a trendy tool to a must for businesses to thrive and keep up with the market pace. Users increasingly appreciate the security and convenience of virtual coins and digital wallets to send and receive money or to pay for products and services online.

This direction took a significant uplift with the approval of Bitcoin and Ethereum spot ETFs, which brought decentralised assets closer to centralised institutions and traditional corporations.

Therefore, there’s an increasing number of companies using crypto payment to attract more users, and if you are one of them, you definitely need to capitalise on these technologies.

Crypto Payments in a Nutshell

Cryptocurrency payments mean enabling your customers to use Bitcoin, Ethereum, Tether and thousands of other blockchain-based currencies to initiate transactions. This functionality is achieved through crypto payment gateways that facilitate the interaction between the user’s DeFi wallet, your website and your merchant account.

Paying with DeFi methods is faster and safer than traditional methods because the transactions are automatically processed without exposure to third parties and without collecting user data. They are also more globally available and allow you to overcome currency differences.

Industries That Use Cryptocurrency Transactions

Accepting crypto payments has transitioned from being exclusive to tech-savvy companies to almost any business.

Retail Stores

Online and offline stores now accept crypto wallets for point-of-sale payments or online purchases. E-commerce is an avid user of cryptocurrencies, powered by various crypto payment gateway providers that facilitate paying with BTC, USDT, USDC and other reliable coins.

H&M, Adidas and Nike are among the brands that accept crypto coins.

Luxurious Brands

Hublot, Gucci, Balenciaga and other luxury brands now facilitate cryptocurrencies on their website to accommodate their customer’s privacy and ensure seamless transactions. This aligns with the high-class category and wealthy users these brands serve.

Food Chain

Fast-food chains like KFC and Burger King now accept BTC to facilitate faster transactions, while delivery services like Uber Eats and DoorDash also accept cryptocurrencies to appeal to a larger user base.

Travel and Accommodation

The booking and travel industry has evolved massively thanks to cryptocurrencies, where passengers can pay for their itineraries with Bitcoin and manage their bookings using blockchain technology.

The futuristic use case of Web 3.0 in this industry includes storing user data and bookings through smart contracts, ensuring smooth reservations and minimising overbookings and scam activities.

Digital Products, Software, and Gaming

Streaming services and digital product stores now integrate blockchain-based payment gateways to accept payments in various cryptocurrencies and stablecoins. This aligns perfectly with the tech-savvy user base that prefers privacy and digital payment methods.

Automotives

Leading automotive manufacturers accept crypto payments. Ducati partners with BitPay to accept transactions in numerous digital coins, while BMW facilitates crypto payments on their licensed dealerships.

Financial Institutions

Traditional investment banks have shown increasing interest in cryptocurrencies, especially after the latest approval of ETH and BTC spot ETF trading on leading financial corporations.

This has brought DeFi currencies closer to traditional investors and institutions and contributed to the widespread adoption of cryptos.

Conclusion

Paying with cryptocurrencies is more available than ever before. Businesses of all types are accepting virtual coins and wallets to sell products and services. This adoption largely contributes to improving a company’s financial position, user experience and overall growth.

Best Ways to Earn Passive Income With Crypto-6 Best Free Cloud Mining Platforms in 2024

By
TI Partners
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0

Curious about earning passive income without the hassle of managing hardware or equipment? Look no further than cloud mining! This innovative approach to cryptocurrency mining allows you to participate in the process without the need for expensive machinery. In this blog post, we will explore the top six free cloud mining platforms that can help you start your journey towards financial freedom. Discover how you can leverage technology to earn money effortlessly with cloud mining in 2024!

What is Cloud Mining?

Cloud mining is a method of cryptocurrency mining that utilizes remote data centers to enable users to mine digital currencies without the need for hardware or technical expertise. Instead of setting up and maintaining mining rigs at home, individuals can simply rent computing power from cloud mining providers.

By participating in cloud mining, users can access shared processing power and earn rewards based on their contribution to the network. This approach eliminates the need for costly equipment upgrades and electricity expenses associated with traditional mining methods.

The process involves leasing hashing power from a provider who maintains the infrastructure and ensures optimal performance. Users receive regular payouts in their chosen cryptocurrency, making it a convenient way to generate passive income in the ever-evolving world of blockchain technology.

Top 6 Free Cloud Mining Platforms

Are you looking to dip your toes into the world of cloud mining without having to invest a significant amount upfront? Look no further! Here are the top 6 free cloud mining platforms that can help you kickstart your passive income journey.

1.GDMining: GDmining offers efficient and accessible cloud mining solutions for cryptocurrency enthusiasts. By leveraging advanced technology, GDmining provides a hassle-free way to mine a variety of digital currencies without the need for expensive hardware or in-depth technical knowledge.

Key Features

  • Cloud Mining: Start mining cryptocurrencies without the complexities of setting up your own hardware.
  • Multiple Cryptocurrencies: Mine popular digital currencies like Bitcoin, Ethereum, and Litecoin.
  • User-Friendly Platform: Navigate an intuitive interface designed for both beginners and experienced miners.
  • Flexible Mining Plans: Choose from a variety of plans to fit different budgets and mining goals.
  • Real-Time Monitoring: Access real-time statistics to monitor your mining performance effectively.

How to Get Started with GDMining?

Trending Contracts?

GDMining offers a variety of contracts to meet different investment needs. Some of the popular options include.

In conclusion?

GDMining provides an accessible pathway to generating substantial income from home through cloud mining. With dedication, strategy, and ongoing learning, you too can unlock the full earning potential offered by this innovative platform. Join GDMining now and witness your income rapidly grow in 2024!

For more information, please visit the official website:https://gdmining.com/.

  1. Eobot: Eobot is a versatile cryptocurrency mining platform that caters to both beginners and experienced miners. It offers cloud mining services, eliminating the need for expensive hardware, and supports a wide range of cryptocurrencies including Bitcoin, Ethereum, and Litecoin.
  1. Genesis Mining: Genesis Mining is one of the leading cloud mining providers in the cryptocurrency industry. It offers a seamless and efficient way for users to mine a variety of cryptocurrencies without the need for expensive hardware or technical expertise.
  1. Hashflare: Hashflare is a prominent cloud mining service that offers an easy and cost-effective way for users to mine cryptocurrencies. It eliminates the need for physical hardware, making it accessible for everyone from beginners to seasoned miners.
  2. IQ Mining: IQ Mining is a leading cloud mining service provider that combines mining with trading to optimize returns. It offers a seamless and efficient way for users to mine a variety of cryptocurrencies without the need for expensive hardware or technical expertise.
  1. CryptoUniverse: CryptoUniverse is a leading platform that offers extensive cloud mining services and a variety of cryptocurrency solutions. Designed for both novice and seasoned miners, CryptoUniverse provides an efficient, user-friendly way to mine cryptocurrencies and manage digital assets.

Spot Ethereum ETFs Not Coming On July 2nd? Here’s What We Know

By
TI Partners
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0

Bloomberg analysts Eric Balchunas and James Seyffart had previously predicted that the Spot Ethereum ETFs could launch on July 2. However, Balchunas recently suggested that was unlikely and gave a new prediction on when these Spot Ethereum ETFs will launch. Despite this setback, the silver lining is that this provides more time to purchase ETFSwap (ETFS) before its price skyrockets following the launch of the Spot Ethereum ETFs.

Another Chance To Get ETFSwap (ETFS) While Still Undervalued

The delay in the launch of the Spot Ethereum ETFs has given investors another chance to purchase ETFSwap (ETFS) while it is still undervalued at its current price of $0.0183. The crypto token’s value is expected to surge once these funds launch because of its connection with them.

ETFS is the native token of ETFSwap (ETFS), a blockchain-based investment platform that tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs and makes them available for on-chain trading. The trading platform will witness an influx of users looking for an easy and secure way to perform ETF transactions.

Thanks to its decentralized nature, investing in ETFSwap (ETFS) is very straightforward. Users do not need authorization before accessing the various ETFs on the decentralized finance (DeFi) platform. The platform’s Know-Your-Customer (KYC) requirements are non-mandatory, meaning users can start investing immediately. Additionally, ETFSwap’s (ETFS) integration on the blockchain makes it more secure than centralized trading platforms, which are more susceptible to hacks. Specifically, the trading platform is built on the Ethereum (ETH) network, undoubtedly one of the most secure networks in the crypto space.

Furthermore, by integrating zero-knowledge (ZK) proof technology on the DeFI platform, ETFSwap (ETFS) has provided a means for investors to trade anonymously, far from financial institutions and regulators. This gives users more confidence to invest as much as they like without fear of anyone monitoring their transactions.

ETFSwap (ETFS) has introduced leverage trading for ETFs, allowing investors to use up to 50x leverage on each ETF trade. Additionally, the DeFi platform offers perpetual trading services, meaning users can keep their trade open for as long as they like. This helps them to maximize their profits, especially from their conviction plays.

ETFSwap’s (ETFS) offerings transcend beyond tokenized ETFs. The DeFi platform also boasts a user-friendly interface that allows users to convert their ETFSwap (ETFS) tokens to various commodities and cryptocurrencies. These token swaps are done in full DeFi mode and without the need for a third party. Users can also swap their ETF holdings for cryptocurrencies and vice versa using the ETFS token.

Meanwhile, users are also set to enjoy more investment opportunities in ETFSwap (ETFS), with the trading platform revealing plans to launch its own ETF in 2025. The platform has also committed to unlocking more exciting features as time goes on. ETSwap boasts a bullish outlook, so accumulating its native ETFS token at this discounted price of $0.0183 is a wise investment decision.

When Will The Spot Ethereum ETFs Begin Trading

Balchunas mentioned in an X (formerly Twitter) post that the Spot Ethereum ETFs will likely begin trading soon after July 8th. The Bloomberg analyst explained that they had to change their prediction for when these Spot Ethereum ETFs will launch because the US Securities and Exchange Commission (SEC) took time to get back to the fund issuers.

Meanwhile, he noted that the SEC was unlikely to get back to these Spot Ethereum ETF issuers this week because of the US holiday. As such, they expect the Commission to get back to them by next week and that the Spot Ethereum ETFs should begin trading soon after.

Conclusion On Buying ETFSwap (ETFS) Before The Rally Begins

ETFSwap’s (ETFS) parabolic rally is on the horizon, with several bullish developments on the way for the crypto token. In addition to the launch of the Spot Ethereum ETFs, ETFSwap’s (ETFS) beta platform is expected to launch sometime soon. Therefore, it is best to buy ETFS while it is still this cheap, with its price rally set to happen once these events occur.

 

For more information about the ETFS Crypto Presale:

 Visit ETFSwap Presale

Join The ETFSwap Community

Nigeria’s SEC Introduces Accelerated Regulatory Incubation Programme for Virtual Assets Service Providers, Requires Local Office

By
Samuel Nwite
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0

In a significant yet familiar move, Nigeria’s Securities and Exchange Commission (SEC) has announced a new framework aimed at regulating the burgeoning virtual assets market.

The establishment of a local office in Nigeria is now part of the eligibility requirements for Virtual Assets Service Providers (VASPs) under the SEC’s Accelerated Regulatory Incubation Programme (ARIP).

This is not the first time the SEC has attempted to regulate digital assets in Nigeria. Previous efforts have often faltered, with frameworks either being delayed or ultimately not implemented. The current initiative, outlined in a circular dated June 21, 2024, appears to follow a similar path, reflecting ongoing regulatory challenges and the government’s cautious stance toward digital assets, especially cryptocurrencies.

The new framework mandates that all operating and prospective VASPs, including crypto brokers and dealers, must visit the SEC ePortal to complete their application process within 30 days of the circular’s date. While the SEC is in the process of amending rules related to Digital Assets Issuance, Offering Platforms, Exchange, and Custody, it requires VASPs to comply with the ARIP in the meantime.

The primary objective of the ARIP is to expedite the onboarding process for entities whose applications are pending with the SEC and to attract potential applicants seeking registration. The program is designed to grant “qualified entities” provisional approval from the Commission until the comprehensive Digital Assets Rules become effective.

The framework targets VASPs and token issuers operating in Nigeria or offering services to Nigerian consumers. This includes platforms facilitating the offering, trading, exchange, custody, and transfer of virtual or digital assets.

Eligibility and Compliance Requirements

To qualify for ARIP, entities must be incorporated and have an office in Nigeria, with the Chief Executive Officer or Managing Director (or equivalent) residing in the country. They must also be engaged in investments and securities business, and either seeking registration or having pending virtual asset-related applications with the SEC.

Applicants are required to submit a sworn undertaking confirming that neither the owner nor the firm has been convicted of fraud or dishonesty within or outside Nigeria. They must also present an operational plan and business model with a clear value proposition or contribution to the capital market’s development, and demonstrate adequate provisions for investor and public interest protection.

The processing fee for ARIP is set at N2 million, and applicants must provide evidence of the required shareholder funds.

Reporting and Monitoring Obligations

ARIP participants are required to submit weekly and monthly trading statistics, quarterly financial statements, and compliance reports. They must also report on key issues such as misconduct, fraud, and operational incidents, along with measures taken to address these issues.

Additionally, participants are subject to the SEC’s onsite and offsite inspections, audits, and monitoring, and must provide periodic reports and returns as specified by the Commission.

Penalties for Non-Compliance

The ARIP framework outlines stringent penalties for non-compliance. Participants who fail to meet the requirements face an initial penalty of at least N5,000,000, with an additional N200,000 for each day of default.

Unauthorized or unregistered VASPs operating trading, offering, and custody platforms are subject to penalties starting at N20,000,000. Other digital investment platforms, including crypto brokers, dealers, advisers, and market makers, face penalties of at least N10,000,000 for operating without due authorization or registration.

Entities that do not comply with the SEC’s rules and regulations may also face suspension from capital market activities.

The Regulatory Framework Comes with Skepticism

Despite the SEC’s efforts, there is skepticism about the effective implementation of this regulatory framework. Past initiatives to regulate digital assets in Nigeria have often stalled, reflecting broader governmental hesitance toward cryptocurrencies. The current administration has frequently accused cryptocurrencies of contributing to the naira’s poor performance in the foreign exchange market, casting further doubt on the long-term viability of these regulatory efforts.

The federal government has consistently blamed cryptocurrencies for the naira’s depreciation in the FX market, attributing significant economic challenges to the unregulated nature of digital currencies. This latest regulatory push by the SEC seems to align with the government’s broader aim to control and monitor digital assets more strictly.

The tightening of digital regulatory frameworks comes on the heels of accusations from SEC Director Abdulkadir Abbas, who told the Federal High Court in Abuja that unregistered cryptocurrency exchange platform Binance Limited used its Naira peer-to-peer (P2P) virtual feature to devalue the Nigerian currency.

China Leads The World in Generative AI Patent Race – Report

By
Ojukwu Emmanuel
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0

According to a new United Nations report, China has emerged as the global leader in the race for generative AI patents, surpassing other countries with its rapid advancements and innovations in the field.

China’s rapid ascent in the Al field is further highlighted by its dominance in patent filings and the development of cutting-edge Al technologies. The country’s tech giants, such as Baidu, Alibaba, and Tencent, alongside numerous start-ups, are spearheading advancements that are reshaping industries from healthcare and finance to transportation and manufacturing.

The report highlighted that between 2014-2023, more than 38,000 GenAI innovations came out of China, six times more than those filed by investors in the United States which had 6,276, in the second place. The Republic of Korea occupied the third position with 4,155 innovations, followed by Japan with 3,409 and India with 1,350.

According to the report, GenAl patents currently represent 6 percent of all Al patents globally. The top ten applicants include Tencent (2,074 inventions), Ping An Insurance (1,564), Baidu (1,234), Chinese Academy of Sciences (607), IBM (601), Alibaba Group (571), Samsung Electronics (468), Alphabet (443), ByteDance (418), and Microsoft (377).

Image and video data dominated GenAl patents (17,996 inventions), followed by text (13,494) and speech or music (13,480). GenAl patents using molecule, gene, and protein-based data grew rapidly (1,494 inventions since 2014) with a 78 percent average annual growth over the past five years.

According to a WIPO report, since the 2017 introduction of the deep neural network architecture that is now synonymous with GenAI, the number of GenAI patents has increased by more than 800 percent through 2023. The sharp rise in patenting activity reflects the recent technological advances and the potential of GenAI.

“GenAI has emerged as a game-changing technology with the potential to transform the way we work, live, and play”, said Daren Tang, WIPO Director General.

Speaking with CNBC, Wei Sun, senior consultant of artificial research at Counterpoint Research, said China has a hugely untapped market for consumers and also for businesses and industry partners to innovate and help bring generative Al technologies in different applications or industries, using different specialized data sets.

“That’s the key for China to win, to have the real-world application deployments that might surpass the U, S, in this area”, she added.

It is worth noting that the Chinese government has prioritized Al as a key driver of future economic growth, implementing strategic policies and initiatives to foster an ecosystem conducive to Al innovation.

Recall that in May 2024, the country released a three-year action plan to strengthen standards in various cutting-edge technologies, such as Artificial Intelligence chips, generative AI, quantum information, and brain-computer interfaces, aiming to better drive technological and economic development and enhance international influence. These efforts have led to significant progress in Al’s capabilities, including breakthroughs in machine learning, natural language processing, and computer vision.

Notably, the government ban on popular AI chatbot ChatGPT, has seen tech companies in the country accelerating their efforts to develop homegrown AI models that can serve similar functions, with Alibaba and Baidu launching their win LLMs.

As China continues to push the boundaries of Al, its influence on the global technology landscape will continue to grow. This will not only strengthen China’s position in the global AI race, but will also see the country set new benchmarks for innovation and application in the Al sector.

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