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Home Blog Page 4232

Paytech Startups, The Era Is Now “Beyond Payment” in Africa

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In Africa, the era of just offering APIs or apps for receiving or sending payments is largely over. The emerging era is building paytech (fintech companies with specific focus on payment) solutions which enable merchants and ecosystem stakeholders to grow their businesses or their missions. In other words, competing for a spot at the “checkout pages” is hopeless if you are not helping those merchants in other ways. Do you help them manage their inventories, bookkeeping, etc?

To win a merchant’s payment collection services, you must help that merchant to grow that business. Rethink fintech and broad payment because most of the elemental components have been solved. Yes, there are many great firms which offer payment collections. 

As a paytech firm, what do you offer that merchant besides a seat at the checkout page? If you have nothing, you would be replaced very soon by competitors which offer more than APIs, and lines of codes, for collecting payments?

Tesla Plans to Build Second Megafactory in China to Produce 10,000 Batteries Yearly

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Automotive and clean energy company Tesla plans to build a second mega factory in China that will manufacture 10,000 Megapack batteries per year, equal to around 40 gigawatts of hours of energy storage.

According to China state media outlet Xinhua, Tesla will break ground on the plant in the third quarter of this year, and start production in the second quarter of 2024. The company’s CEO Elon Musk disclosed that the opening of the new factory in Shanghai will supplement the output of the Megapack factory in California.

The new Shanghai factory will utilize China’s world-leading supply chain to increase output. The price of Tesla’s Megapack battery products is also expected to drop with increased production, which will help meet global demands.

Tesla aims to deliver a cost-effective ramp of 4680 battery cells at all its facilities in 2023 to reach a high volume in 2024. The new low-cost and high-energy density cells will power not only already announced products but also those that are in development. Musk said that Tesla’s goal was to reach 1,000 gigawatt hours of annual battery storage production (1 terawatt hour per year). The company also operates a Gigafactory in Shanghai that is capable of producing 22,000 units of automobiles weekly.

Meanwhile, while Tesla plans to explain its factory annual capacity, the growth of EVs in China slowed to 20.8% in the first months of 2023, a sharp decline from 150% in the same period in 2022 which saw it miss market expectations for fourth-quarter deliveries despite shipping a record number of vehicles. This saw the automotive company’s performance in 2022 among the worst on S&P 500 index.

Even before the unimpressive performance at the start of the year, Tesla’s market cap plunged a whopping 65% over the last 12 months as it weathered supply chain problems, slowed demand in China, and blowback over Musk’s controversial actions as head of Twitter. The automotive company has however grappled with rising investing in Shanghai, China, as demand weakens, which has led to a massive price cut. It is also offering subsidies for insurance costs. 

Although the majority of Tesla’s production is currently coming from its Shanghai factory in China, Tesla is aiming to produce 1.8 million vehicles worldwide this year so it’s likely it will be earning billions of dollars a year from the credits in the near future. Also, global automakers have in the past few months battled a demand downturn in China, the world’s top auto market where the spread of covid-19 has hit economic growth and consumer spending.

Several Wall Street analysts say they expect more pressure on Tesla’s stock in the coming months as it continues to face stiff competition from other automakers and weaker global demands.

Price Prediction: Quant (QNT) Better in Coming Months, But Still Falls Short of Uwerx (WERX) Expected 260x Gains

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Meta: Read up to find how Quant and Uwerx can be the right investment for you. With higher than normal price predictions, both can rise in ranks quickly. Learn why Uwerx has a higher potential, especially with its active presale.

A breath of fresh air in the midst of a crisis, Uwerx is creating waves in the global crypto community. The uprising alternative to mainstream freelancing platforms not only gives the gig economy and independent creators a chance to become financially free but also offers investors a real possibility of impressive revenue generation.

But will Uwerx compete with larger platforms?

Bolstering Quant (QNT)

Amongst several reasons for slow blockchain adoption at the enterprise level is the lack of compatibility with legacy products and technology. Quant (QNT) was launched in 2018 to counter this by offering plug-and-play modular solutions.

With no requirement for extra infrastructure or resources, any firm can use Quant (QNT) to connect to any blockchain network of their choice and leverage its characteristics. No wonder Quant (QNT) gained popularity and rose to $384 in the fall of 2021.

While the market has cooled, and it has lost more than a third of its value since its ATH (now at $110), Quant (QNT) still shows good signs of recovery in 2023. One thing that Quant (QNT) has is its commitment to comply with the United States Financial Conduct Authority’s upcoming regulations. This had already caused a surge in summer 2022 as it rose 40% during the starting bear market (though short-lived).

If the FCA regulation does come into play this year, Quant (QNT) can jump up, even beyond $500, a 355% boost.

Uwerx (WERX) Overshadows All Cryptos

While you may be interested in Quant (QNT) because of its potential 3x growth, you may want to look at Uwerx.

The upcoming freelancing platform is expected to moon in the coming days, especially after its presale. Many experts believe that Uwerx can go as high as $2.6. While this may not seem much of a value), in terms of percentages, Quant (QNT) will still fall short of Uwerx growth.

With a starting price of $0.01, the expected $2.6 Uwerx price means a mind-boggling 25,900% growth. That is a 73 times bigger profit potential than Quant (QNT). InterFi Network and Solidproof have backed up this potential by passing the audits for WERX at prelaunch. Liquidity has been locked for 25 years after the presale concludes.

Why Will Uwerx (WERX) Go to The Moon?

The speculation of Uwerx  booming is based on how the platform is setting itself to attract users worldwide.

Current freelancing platforms offer the chance to earn higher than a job, however the extortionate prices bite into creators’ earnings through intermediary commissions — as high as 20% in most cases. Uwerx brings this down to a mere 5%. Also, the owners have announced that they will give up ownership of the contracts as soon as the project is up for listing on centralized exchanges.

Other attractions include transparency of financial and work records with blockchain, protection of copyrights and other intellectual property, and overall increased trust.

Uwerx will certainly attract freelancers from all over the world and as it does, its demand will soar. As such, the presale price of $0.005 presents a real opportunity for people to get their hands on a future blue-chip crypto asset at an extremely affordable rate.

 

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Forget Gold-Backed Tokens Like PAX Gold (PAXG). Uwerx (WERX) Crypto Presale Set to go to the Moon in 2023

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Meta: Do you want to hedge your wealth with Pax Gold or increase it with Uwerx? Read the article to know more about their price predictions. Find how you can take part in the upcoming freelancing platform’s presale and join the gig economy revolution. 

As the global economy braces for (yet) another recession, markets are volatile and people are looking for ways to hedge their money. One of the best ways is to head towards precious metals such as gold. PAX Gold (PAXG) offers the ease of access to gold but in a crypto manner. As such, it’s a good option right now.

But what if there is a better option to protect your dwindling capital power? We believe Uwerx is the answer.

Gold Investment with PAX Gold (PAXG)

Historically, gold has been the best investment option when it comes to a store of value and even hedging against inflation. Buying and storing gold is cumbersome, requiring a safe place and constant security. Physically moving the gold from the market and back as you buy and sell is also an issue. In short, hedging with gold is preferred, but difficult for many.

PAX Gold (PAXG) by Paxos is an ERC20 crypto token that is physically backed by real gold. One PAX Gold (PAXG) has one troy ounce of London Good Delivery gold bar. That means if you have one PAX Gold (PAXG), you have access to one troy ounce of gold’s value. And that’s the beauty of PAX Gold (PAXG), allowing anyone to gain access to gold’s value by storing its tokens, especially smaller amounts through fractional purchases of the token.

With many economic experts fearing a looming recession, many gold maximalists believe it can jump from the current $1800 to as high as $4,000 per ounce. The prediction holds true for PAX Gold (PAXG) too. As such, it is one of the best options to hedge against inflation and protect your value.

Don’t Hedge, But Profit with Uwerx (WERX)

True, PAX Gold (PAXG) offers an excellent opportunity to hedge and protect your money. The 122% percent rise in PAX Gold (PAXG) sounds very good. On the other hand, a 9900% increase is better.

That’s made possible by Uwerx, a freelancing globally reaching platform based on blockchain. With practical tokenomics that include a vesting schedule to fight pump and dump scheme and a liquidity lock for 5 years to ensure it is always tradable, the token is sound.

But what will drive the Uwerx to reach that percentage? Experts believe that with the freelancing market reaching new heights and increasing workforce, Uwerx will grow exponentially along with it. The token is also extremely low-priced right now. The presale is listed at $0.01 per token and can boom to as high as $1 in the first couple of months (a 9,900% increase). InterFi Network and Solidproof have exhibited strong faith in the project and has passed its audit prelaunch. Liquidity has also been locked in for 25 years after the presale ends.

What’s more is that the project team has decided to move away from being the owners in the future, with the tax completely removed.

Crypto investors would state that the key to making significant gains is to invest early on in projects with strong fundamentals and super growth, yet realistic predictions. Uwerx certainly fits the bill – investors should get in on this revolutionary project whilst they can:

 

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network 

OpenAI CEO Sam Altman Reveals Plans of Starting Operations in Japan

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CEO of OpenAI Sam Altman and the maker of ChatGPT, the buzzy AI chatbot which is currently the rave of the moment, has revealed plans of starting operations in Japan.

The serial entrepreneur met with Japanese Prime Minister Fumio Kishida last week, during a visit to Japan where he disclosed that his company is looking at setting up an office in the country as OpenAI seeks to build something great for the Japanese people. He also disclosed the upsides of the technology and how to mitigate the downsides.

He said, “We hope to build something great for Japanese people, make the models better for the Japanese language and Japanese culture. We believe that the development of AI will be one of the most important technological revolutions ever, and the role that Japan can play is both as a significant adapter and user and creator of technology.” He added that the country can help set the global agenda for regulations.

Following his meeting with the Japanese prime minister, Chief cabinet secretary of Japan Hirokazu Matsuno disclosed that the Japanese government will consider the adoption of Artificial Intelligence (AI) technology such as OpenAI’s ChatGPT chatbot if privacy and cybersecurity concerns are resolved. He stated that Japan will continue to evaluate possibilities of introducing Artificial Intelligence (AI) to reduce government workers’ workload after assessing how to respond to concerns such as data breaches.

Also, a member of the Japanese House of Representatives Takuya Hirari disclosed that some kind of regulation whether through legislation or guidelines, is necessary, given the risks to both human rights and privacy if AI is used unchecked. He further emphasized the need for the Japanese government to create a zone where people can feel safe as soon as possible.

Japan’s plan to introduce OpenAI Artificial Intelligence technology into the country is coming after Italy blocked it from adoption in the country. The Italian national privacy regulator last month ordered an effective ban on AI chatbot ChatGPT, accusing the creator of the technology OpenAI, of unlawful collection of personal data. It ordered the company to stop collecting Italian users’ data immediately until it amends its data collection practices.

Italy’s data protection authority, the GPDP further argued that OpenAI has no mechanism in place to stop underage from accessing the service, which exposes minors to absolutely unsuitable answers compared to their degree of development and self-awareness.

It is however interesting to note that it isn’t the first time that Italy’s data watchdog has taken such drastic action against an AI chatbot. The country in February this year banned U.S-based AI chatbot Replika from using personal data after citing risks to minors and emotionally fragile people.

Meanwhile, Italy isn’t the only country reckoning with the rapid pace of AI progression and the problems it may pose to society. Other governments are coming up with their own rules for AI. Analysts and experts have raised concerns over the potential misuse of AI. IT leaders are worried it will soon be used in major cyberattacks, with the potential to cause devastation in the future.

Also, there have been long calls for AI to face regulation looking at how rapidly the technology is evolving. Tesla and Twitter CEO Elon Musk and Steve Wozniak as well as hundreds of well-known technologists, businessmen, and researchers have urged AI labs to halt work on active AI systems immediately. They urged programmers to take a break from the “out-of-control race” to release ever-more advanced products while we better understand advanced artificial intelligence’s dangers to humanity.

In a survey of 1,500 IT and cybersecurity professionals conducted by BlackBerry, 51% of respondents believed that ChatGPT will be responsible for a successful cyberattack in the next 12 months. As much as 78% feel that the attack will happen within two years, while a handful thinks it could happen within the next few months.