USDRIF Launches Offers New Possibilities In The Fight Against Currency Volatility 11305

A new stablecoin pegged to the US Dollar, RIF US Dollar (USDRIF) has been launched on Rootstock, the blockchain network that brings smart contract functionality to Bitcoin.

USDRIF has been designed to tackle real problems faced by people in countries across the world such as hyperinflation, local currency volatility and the high cost of sending money overseas.

USDRIF provides a stable asset for individuals and businesses who want to save or send money, but who may be disincentivized due to currency instability and inflation. Unlike many stablecoins which are controlled by single entities, USDRIF is decentralised in governance and operation.

The solution offers a straightforward and secure way for individuals to effectively acquire the stability of the US Dollar, which could make it useful in regions of the world where access to the currency is limited or expensive. In practice, businesses and individuals can use USDRIF to avoid crypto and fiat volatility by using it for payments, saving and sending.

Developed on the Bitcoin sidechain, Rootstock which brings smart contract functionality to Bitcoin, the stablecoin was launched by the team behind the Money on Chain protocol with expert support from IOV Labs.

Money on Chain is most well known as the protocol behind Dollar on Chain (DOC), the world’s first Bitcoin-backed stablecoin pegged to the US Dollar. Notably, Dollar on Chain was one of the only stablecoins that didn’t lose its peg to the dollar during the 2023 United States banking crisis. The key difference between USDRIF and DOC is that instead of using Bitcoin as collateral, the stablecoin is instead collateralized with the RIF token.

Built with accessibility in mind, users can either mint USDRIF via RIF On Chain, a decentralised application (dApp) or buy, sell, trade and swap existing USDRIF tokens across the world’s leading cryptocurrency exchanges, including Buenbit and Mt Pelerin. The RIF on Chain dApp itself is also not reliant on any centralised parties to operate as it is hosted on the InterPlanetary File System (IPFS), a decentralized protocol designed for storing and sharing data in a peer-to-peer network.

The stablecoin also underwent multiple security audits to ensure it could provide safe and secure performance prior to launch including one from third-party security firm, Quill.

Federico Ogue, CEO of Buenbit one of the largest cryptocurrency exchanges in Latin America who will be listing USDRIF commented: “RIF on Chain is a decentralized and non-custodial protocol. It uses an overcollateralization of the RIF token as collateral, which is implemented on the Rootstock network, the first Bitcoin sidechain to leverage the security of Bitcoin hashing power through merge mining. This means that unlike other stablecoins, USDRIF is a truly decentralized asset, meaning there is no centralized company or party controlling it. In addition, the guarantee that supports it is visible to everyone, which ensures transparency.”

USDRIF could be a powerful tool for individuals operating across regions like LatAm, which are currently experiencing high levels of inflation. By harnessing the power of Bitcoin, Bitcoin-backed stablecoins like USD RIF offer a practical lifeline for those affected by this issue. Additionally, solutions like USDRIF are helping to expand the potential use cases for Bitcoin and ensuring more individuals have access to equitable money transfer services.

With solutions like USDRIF, cross-border payment transfers can happen in a much more time and cost-effective manner, enabling people to receive exactly the amount that they have sent almost immediately after sending it.

As well as helping individuals and businesses to avoid the effects of currency devaluation, USDRIF provides countless new opportunities for developers working on the Rootstock blockchain to build upon. Businesses involved in the field of remittances, saving, lending and sending are able to use the USDRIF stablecoin to develop innovative new solutions that make a real impact in the lives of people around the world.

USDRIF has been built on Rootstock, the world’s most secure and censorship-resistant Bitcoin sidechain. 50% of the hash power used to secure Bitcoin is also securing Rootstock through what is known as merge mining. This means Rootstock is secured by more hashing power than all other blockchains besides Bitcoin itself.

Rootstock was built by a group of Argentinian engineers and entrepreneurs who wanted to solve the real-world problems they experienced from an economy that was failing them. It now serves as the foundation for a fully decentralised financial system built on Bitcoin.

The launch of the stablecoin is supported by a whitepaper, which is available to read online.

For more information about USDRIF, please visit: https://rifonchain.com/

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UPCX Teams Up with Paycle to Pioneer a New Chapter in Fintech 5860

UPCX-Platforms PTE. LTD., a company dedicated to developing high-speed blockchain open-source payment systems, recently announced a new business cooperation agreement with Paycle Co., Ltd. This decision signifies a joint endeavor by the two tech companies to develop and optimize blockchain payments and financial services deeply.

Since its establishment in 2018, Paycle has been conducting research and development in blockchain, fintech, artificial intelligence, and quantum-resistant encryption algorithms. Paycle’s mission is to create a better future through the power of technology. UPCX looks forward to injecting new vitality into its projects with the help of Paycle’s professional expertise in fintech and blockchain and the practical application of several international patents related to Web3.

UPCX stated that their vision is not limited to creating a blockchain project but, more importantly, to lay the foundation for a new financial ecosystem that everyone can access safely and efficiently. UPCX firmly believes that this strategic cooperation will accelerate the development of its products and services to meet the market’s demand for new financial solutions.

From now on, UPCX will work closely with Paycle to develop innovative products and services jointly. This cooperation will promote the development of blockchain payments and financial services, providing users with safer and more efficient financial solutions.

About UPCX-Platforms PTE. LTD.

UPCX-Platforms PTE. LTD. is a company focused on blockchain technology, developing high-speed, open-source payment systems. The company aims to lay the foundation for a new financial ecosystem that everyone can access safely and efficiently.

Official website: https://upcx.io/

About Paycle Co., Ltd.

Since its establishment in 2018, Paycle Co., Ltd. has been researching and developing blockchain, fintech, artificial intelligence, and quantum-resistant encryption algorithms. The company’s mission is to create a better future through the power of technology.

Official website: https://www.paycle.com/

InfStones Secures SOC 2 Type I Attestation, Bolstering Security and Trust in Blockchain Infrastructure 6217

InfStones, a leading blockchain infrastructure provider, today announced the successful attainment of the SOC 2 Type I attestation, reinforcing its position as a paragon of security and compliance in the blockchain sector. The SOC 2 Type I attestation is a comprehensive assessment to evaluate the effectiveness of a service organization’s controls related to security, availability, and processing integrity.

For InfStones, this attestation affirms its security measures’ strength and adherence to industry best practices. It also signifies that InfStones’ systems and operational controls are in strict alignment with the standards of the American Institute of Certified Public Accountants (AICPA).

What This Means for Our Clients

  • Enhanced Trust: Clients can rest assured that InfStones adheres to industry-leading standards, providing a secure foundation for their blockchain endeavors.
  • Proven Security Practice: The attestation validates the strength of InfStones’ security measures, designed to safeguard client data against emerging threats.
  • Assured Transparency: InfStones’ commitment to transparency is reinforced, ensuring its processes and services are reliable and trustworthy.

A Future Built on Secure Foundations

“Security is not just a feature; it’s the bedrock of trust in the blockchain ecosystem,” stated Dr. Shi, Founder and CEO of InfStones. “The SOC 2 Type I certification reflects our dedication to security excellence. It’s a promise to our clients that we will continue to advance our security measures, always with their trust and safety as our priority.”

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need – reliability, speed, efficiency, security, and scalability – for cross-chain DeFi, NFT, GameFi, and decentralized application development. InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

For more information about InfStones and its offerings, please visit https://infstones.com/.

AlphaPoint Celebrates 10 Years of Pioneering Digital Asset Infrastructure 6376

AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, is proud to announce its 10th anniversary. Since its founding in 2013, AlphaPoint has been at the forefront of developing institutional-grade infrastructure to power the digital asset ecosystem.

As one of the earliest companies in the digital asset space, AlphaPoint’s founders recognized early on the need for robust, scalable solutions to enable mainstream adoption of cryptocurrencies. The company launched with a flagship white label exchange product and has since expanded its offerings to include brokerage solutions, OTC solutions, wallets, payments, liquidity services, asset tokenization, and more.

Over the past decade, AlphaPoint has powered over $1 trillion in transactions across more than 10 million users globally. The company’s exchange technology has powered some of the biggest names in crypto, enabling fast, efficient, and compliant trading.

“AlphaPoint has all the world experience to offer technological solutions, financial services and access to Bitcoin for millions of Salvadorans who are actively using the Chivo wallet.” Through this global undertaking, “the objective of President Nayib Bukele with Chivo is to provide millions of Salvadorans with the opportunity to know about bitcoin, access financial services, as well as the possibility of receiving and sending remittances without charging commissions.”

Milestones include:

  • Supporting over 150 customers across 35+ countries, including leading exchanges, banks, and brokerages
  • Over $1 trillion has been traded and billions of assets deposited on the platform
  • Providing technology to global leading financial institutions such as CME Group, XP Securities, RBC, Scotiabank, Guardian Life, and the largest retail banks in two countries
  • Powering the Chivo digital wallet for the government of El Salvador, the first state-backed implementation of its kind
  • AlphaPoint is the proud recipient of the 2023 US Fintech Awards Best Use of Blockchain Technology, Financial Times The Americas’ Fastest Growing Companies for 2021, Inc 5000 America’s Fastest Growing Private Companies for 2020, and numerous other prestigious awards.
  • Completing SOC1 and SOC2 security audits to meet institutional standards

“When we started AlphaPoint 10 years ago, our goal was to enable mainstream crypto adoption by building solutions to make digital assets accessible, trusted, and reliable,” said Founder Joe Ventura. “Today our infrastructure powers millions of users globally, and we are proud to have helped progress the industry from its nascent stages to the maturing ecosystem it is now.”

As AlphaPoint enters its second decade, the company remains committed to developing best-in-class products and supporting the next generation of blockchain innovation. “The next 10 years will see exponential growth in crypto adoption worldwide,” said CEO and Co-Founder Igor Telyatnikov. “Our solutions make it easy for partners across financial institutions, government and startups to build the digital asset products and solutions that will drive and power mainstream integration.”

About AlphaPoint

AlphaPoint is a global financial technology company providing digital asset infrastructure to power the next generation of exchanges, brokerages, payment networks, and banking. Our full-suite products provide trusted, secure, scalable, and customizable solutions for trading, payments, lending, custody, and more.

AlphaPoint has enabled over 150 customers in 35 countries including the CME Group, XP Securities, and Chivo. AlphaPoint has powered over 1 trillion in trading volume and the technology has handled billions in assets on the platform. Over the past decade, we have received multiple prestigious awards recognizing our innovations, exponential growth and leading technology in the fintech and digital asset space, positioning us to continue empowering our clients. For more information, please visit https://alphapoint.com/.

Meet StocksFC: The Football Stock Market Where Goals earn you crypto 6516

Stockers

Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has redefined the sports investment landscape, presenting fans with an unprecedented opportunity to monetize their football acumen.

A Game-Changer in Sports and Finance

With its launch in May 2023, StocksFC offered fans the chance to buy, sell, and trade football player stocks with the potential to earn crypto rewards when players shine on the pitch. Fast forward six months, and the market cap has increased by 1350%, with over half a million stocks in circulation. This seismic shift in sports engagement mirrors the bullish trends of the most dynamic financial markets.

Unrivalled Profits and Portfolio Power

The platform’s robust growth is underpinned by the soaring value of player stocks – premier players like Maddison surging over 400% since being listed. These are not anomalies but rather the norm on StocksFC, where every week offers the thrill of potential profits. Football fans have the freedom to craft their portfolios to capitalize on the weekly, monthly, and end-of-season cash rewards, with strategies ranging from investing in undervalued players to identifying future superstars.

Alex Thomas, founder of StocksFC said, “The surge in growth we’ve experienced in the past 6 months has been remarkable. We remain firmly committed to establishing ourselves as a leading force in the rapidly growing field of alternative financial assets.”

Three-tier model to retain rapid growth

The three-tier model to retain rapid growth at StocksFC includes an unparalleled commitment to transparency, sustainability, and community.

Transparency is not just a buzzword at StocksFC; it’s the backbone. The platform guarantees an immutable ledger of transactions, fostering unmatched trust among its users. Following this, sustainability is equally vital, with StocksFC’s design ensuring long-term value growth. Each stock is an ERC20 token and with a limit of 100k stocks per player and a systematic burn of stocks on trades, scarcity is artfully crafted to boost potential rewards.

Additionally, at the heart of StocksFC’s ethos is a community-first approach. User polls will guide significant platform decisions, ensuring that those who invest their time and passion into StocksFC have a voice that resonates at the very core of its operations.

The Future is Bright

The groundbreaking platform has not only attracted fans but has also garnered the confidence of financial and technological titans. Early investment from venture capital firm Antler has supercharged StocksFC’s ascent, while partnerships with Bitgo, Ramp, Coinbase Commerce, and Opta have provided a solid infrastructure for seamless, secure trading experiences.

With it’s exceptional growth, StocksFC continues to blaze a trail in the sports investment domain. The future promises an exciting expansion of its offerings, with plans to release hundreds of additional players in the coming months and to expand into Europe’s top 5 leagues, as well as other sports.

StocksFC extends an open invitation to football fans and sports traders worldwide to join them, and be a part of this winning streak that melds passion with profits.

For more information and to become part of this investment revolution, visit StocksFC’s platform, engage with the community on Telegram, Discord and X (Twitter).

Score Big with StocksFC – Where Every Fan is an Investor.

StocksFC – Buy. Sell. Earn

Rootstock Grants Program Opens Wave 3: $2.5 Million for Groundbreaking Crypto Projects 5946

The Rootstock Grants Program, a trailblazing initiative within the cryptocurrency landscape has committed a further $2.5 million towards funding a new wave of ground-breaking projects that are built on Rootstock, the world’s first Bitcoin Sidechain.

The exciting initiative stems from the desire to further the growth and development of the dynamic dApp ecosystem on Rootstock. By providing financial support to developers and projects, the Rootstock Grants Program aims to assist the creation of innovative solutions, from DAOs to peer-to-peer payment solutions, which deliver new value to Rootstock and Bitcoin users. Those wishing to apply for funding as part of Wave III should do so before the fast-track entry deadline of 17th of November.

The move follows the announcement of the winners of the first two waves of the Rootstock Grants Program. Since its launch, the scheme has supported a total of 20 developments across the cryptocurrency ecosystem. From the backing of Asami, a transparent monetization mechanism built for the creator economy to OKU, a DEX funded by the Uniswap Foundation, the programme is supporting all aspects of crypto innovation.

The highly Competitive Grants program has received over 1000 applications so far with over 50 pitches delivered and 20 projects gaining approval from the committee made up of judges from across the Bitcoin and Rootstock ecosystem. This includes Jameson Lopp, John Light, Mauricio Tovar and Matías Caricato, Daniel Fogg and Sergio Demain Lerner.

In the past year, the Rootstock Grants Program has also helped in the development of Footprint Analytics, a project that aims to provide data-rich insights into the blockchain world, as well as Tuki, a solution that focuses on the Latin American market and provides a means to make digital assets a part of daily life. Incredibly, these are just a few examples of the vast array of transformative projects being funded.

Launched in 2018, Rootstock combines the security and store of value of Bitcoin with the programmability of Ethereum. Over 60% of the hashing power of Bitcoin also secures the Rootstock sidechain making it the most secure and decentralized smart contract platform in the world. The network has rapidly become known as ‘the home of DeFi on BItcoin’ with over $300m total native value locked.

Speaking on the launch of Wave III of the Rootstock Strategic Grants Program’, Ongun Özdemir, Venture Associate at IOV Labs commented: “By using Rootstock, the world’s most secure smart contract platform, developers can build on the best digital asset, Bitcoin, with the financial backing and network they need to succeed. ”

Ongun Özdemir continued: “Innovation holds the key to the future of web3. With the Rootstock Grants Program, we aim to empower ventures of this nature, ensuring they have the resources and mentorship they need to flourish. We’re proud to see a diverse array of solutions being developed, which will greatly enrich the Rootstock ecosystem. Over the course of the first two waves of the program, a large number of innovative projects have helped shape the Rootstock ecosystem into the foundation for a new global economy. Once again, we’re calling on founders and builders to submit their applications to tap in to $2.5m of funding for projects that align with our vision of a safe and equitable global financial system that enables everyone to participate and prosper.”

To apply for the latest wave of the Rootstock Grants Program, please visit: https://rootstock.io/grants/

About IOV Labs

IOV Labs develops the blockchain technologies needed for a new global financial ecosystem that fosters opportunity, transparency, and trust.

The organization currently contributes to the development of the Rootstock blockchain and Rootstock Infrastructure Framework (RIF).

The Rootstock network is one of the more secure smart contract platforms in the world, designed to leverage Bitcoin’s unparalleled hash power while extending its capabilities.

Rootstock Infrastructure Framework (RIF) is a suite of open and decentralized infrastructure protocols that enable faster, easier and scalable development of distributed applications (dApps) within a unified environment.

Uphold Expands Partnership with IMVU: Enabling Web3 Payments in the Metaverse 6231

Uphold, the global web3 financial platform, announced that by the end of November, IMVU, the world’s largest web3 social metaverse, will integrate Uphold’s fiat-to-crypto on-ramp, Topper, to simplify payments and empower the largest and most active crypto economy in the metaverse. Topper brings simple transactions to the next generation of IMVU’s flourishing creator economy by bridging a simple web2 experience with the benefits of web3.

With over 700k daily active users spanning across more than 100 countries, the need for a frictionless user experience is paramount to the mainstream adoption of digital assets in virtual social worlds. The broader partnership between Uphold and IMVU includes initiatives to transition IMVU from Web2 to Web3, allowing web2 users to access VCORE and embrace the evolving web3 ecosystem.

“We believe that web3 payments will continue to be the way of the future, as it creates more value, ownership, and participation than traditional web2 payments. On IMVU alone, over 20 million virtual goods are bought and sold each month,” said Robin O’Connell, CEO of Uphold Enterprise. “We have been proud to serve the IMVU users with our digital asset platform and now with Topper – providing a user-friendly gateway for purchasing the new VCORE.”

The ability to seamlessly transact and transfer digital assets between virtual and real worlds is pivotal for unleashing the full potential of the metaverse economy. Users want to earn where they play but then take those earnings into real life to spend, save, and invest, bridging the gap between virtual experiences and real-world financial activities.

Partnership Details:

  • Since the beginning of this partnership in September 2020, over 1.5 million IMVU users have created crypto wallets using the Uphold platform. With the integration of Topper, IMVU users have immediate access to utilize cryptocurrencies in the metaverse effortlessly.
  • IMVU has already integrated Uphold’s API with its token, VCOIN, which is listed on the Uphold exchange. Users with Uphold accounts can easily convert their in-game VCOIN earnings to fiat currency. VCOIN is the third digital token to secure a no-action letter from the staff of the SEC, proof of how a digital asset can be properly managed in the metaverse.
  • IMVU recently unveiled a new exchange-listed digital token, VCORE, integrated with Uphold’s fiat-to-crypto on-ramp, Topper. Now, IMVU users outside of US & Canada have access to VCORE. Designed for NFT and Metaverse creators and communities, VCORE emphasizes regulatory compliance and empowers the community to help shape the virtual world, fostering an environment where individuals can create, earn, own, play, and participate in its future.

“For nearly two decades, we have been building our community at IMVU. Our collaboration with Uphold was driven by their cutting-edge payment solutions, offering a seamless and globally-accessible payment mechanism to our members,” stated John Burris, Chief Strategy & Blockchain Officer of IMVU.

IMVU has a massive global community, a dynamic economy, and passionate creators/earners. Topper’s integration aims to streamline and simplify financial transactions, particularly catering to the challenges faced by users and creators within the virtual world.

To learn more, please visit topperpay.com/.

About Uphold

Ranked #1 in the San Francisco Business Times Fast 100 List, Uphold is committed to making web3 easy. As a Web3 financial platform, Uphold serves over 10 million customers in more than 140 countries. It provides businesses and consumers with easy access to digital assets and services. Uphold’s unique “Anything to Anything” interface gives end users seamless access to and between digital assets and national currencies and precious metals. Uniquely, Uphold smart routes orders across 30 trading venues delivering optimal execution and superior liquidity to customers. Uphold never loans out customer assets and is always 100% reserved. The company has pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).

Uphold is regulated in the U.S. by FinCen and State regulators; and is registered in the UK and Canada with the FCA and FINTRAC respectively and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, visit uphold.com.