Portuguese Traditional Shoemaker Accepts Bitcoin, Merchant Adoption Rises 179

Tiago Máximo, a Portuguese shoemaker, is the owner of a small boot shop in Barcelona, Spain. His traditional handcraft method, inspired by his family ancestors in rural Portugal, contrasts with his sophisticated payment method options that include Bitcoin.

Merchants Accepting Bitcoin Still Facing Issues

Urban Shepherds, a brand of traditional Portuguese work boots, has its only physical store in Barcelona. While founder Tiago Máximo is hopeful about growing the business brick-and-mortar style, he is also invested in selling online.

With cryptocurrencies on the rise, the more Máximo learned about it the more he agreed to it: “The concept and philosophy behind it all are amazing and it makes sense. And I think there is a need in the market for that. More than that, it is a demand”, he told Tech Crunch. “I’m an entrepreneur. Anything that makes us thrive and go further and better, why not?”

Despite accepting Bitcoin online, most of the company’s sales come from the physical store. Máximo, however, says he would like to be one of the crypto pioneers and is attempting to have a percentage of his sales in bitcoins.

Bitcoin, however, is currently falling short and Máximo points to two key issues: “The fluctuation of the price of cryptocurrency and the time it actually takes to arrive in my bank account are the two main issues for now.”

The bitcoin acceptance rate among businesses in 2017 kept dropping as the bitcoin price continued to push higher. Bruce Fenton, founder of Atlantic Financial and board member at the Bitcoin Foundation, said in an interview that “there are some micro transaction uses cases – a cup of coffee is the big analogy everybody uses – that are being sort of priced out just because bitcoin is going up so much.”

Overstock.com Inc. introduced Bitcoin as a payment method in 2014, and while sales in Bitcoin have tripled since then, board member Jonathan Jonhson says the company brings as much as US$ 5 million per year from Bitcoin. Things are put into perspective when compared to its total revenue of US$ 1.8 billion.

Many fear that Bitcoin will go mainstream as an asset rather than a transaction method. In a move to bring merchants and consumers to the same table, Coinbase released in February a tool that eases the payments process.

Coinbase Commerce can be directly integrated into a merchant’s checkout flow or added as a payment option on an e-commerce platform.

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One Trading Extends the Reach of its Institutional Trading Services in Europe Through Integration with Talos 8961

Talos, the premier provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network of liquidity providers, expanding the possible destinations for their shared clients looking to achieve best execution. Talos users will now be able to access One Trading’s high-speed trading platform, with a matching engine time of just 1 microsecond.

In addition to expanding its potential reach to Talos’s institutional clients, One Trading also adopts the Talos trading platform as a sell-side client to support its OTC trading desk. The award-winning Talos trading platform will help One Trading efficiently source liquidity to better serve its clients’ needs. The multi-faceted relationship between the two firms highlights the different ways that the Talos network and platform can enhance a partner’s business.

“We are thrilled to welcome One Trading into the Talos network of liquidity providers,” said Daniel Packham, VP and Head of Operations, EMEA. “They have built a leading regulated trading venue in Europe using cutting-edge technology to build an incredibly fast and secure exchange, holding themselves to the highest standards of security and transparency that are important to Talos and our institutional clients. In addition, as a client themselves using our trading platform, One Trading is a great example of how an OTC dealer can leverage Talos to help manage liquidity efficiently.”

Commenting on the integration, Joshua Barraclough, CEO of One Trading said, “Talos shares our goal of bridging the gap between traditional and crypto asset trading. That’s why we’re excited to integrate with Talos as a liquidity provider as well as a sell-side trading client. They provide us with the same institutional grade of technology that we seek to provide to our own clients.”

One Trading is an EU-based trading venue built by a highly experienced ex-TradFi team. One Trading provides an institutional-grade digital asset exchange for both retail customers and institutional clients, with a focus on achieving market-leading execution speed, deep order books, and low fees. The exchange provides zero fees for both maker and taker transactions. One Trading operates a regulated spot trading venue and an OTC business with plans to roll out a MiFID II regulated derivatives business in the near future. As the Markets in Crypto Assets (MiCA) European regulation elevates the importance of best execution, Talos’s integration with One Trading will empower shared clients with an additional option for sourcing the best available liquidity.

About Talos

Talos provides institutional-grade technology that supports the full digital asset trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, borrowing and portfolio management. Engineered by a team with unmatched experience building institutional trading systems, the Talos platform connects institutions to key participants in today’s digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through a single point of entry. By streamlining the entire trading process, Talos helps mitigate intermediary risk and facilitate best execution. For additional information, visit www.talos.com.

Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.

About One Trading

One Trading is a leading European digital asset trading platform with a VASP registration in Italy with Organismo Agenti e Mediatori (OAM). The One Trading platform has various offerings: Exchange, Instant Trade, and an OTC desk. The Exchange is where registered customers can access the fastest trading venue in the world with zero fees — also boasting a transparent order book with deep liquidity, and charting tools for technical analysis. The team behind One Trading has strong ex-TradFi expertise and is focused on providing an unparalleled product experience.

Instant Trade offers a simplified UI for trading a wide range of fiat, stablecoin, and altcoin pairs at 0% additional commission. One Trading retrieves the best prices for customers by plugging into a number of major liquidity providers with access to deep liquidity. These relationships have been established through the over-the-counter (OTC) offering, and are typically only reserved for HNWs or institutional customers. Through Instant Trade, all trader types can access this unique trading mechanism through a simple UI.

The OTC desk offers a high-touch trading team to work with clients, typically institutional partners to facilitate trades in any size and digital asset, with access to deep pools of liquidity, rapid settlement, and large asset coverage.

One Trading Disclaimer: This material is for informational purposes only, and is not intended to provide legal, tax, financial, or investment advice. Past performance is not necessarily indicative of the future nor a reliable indicator of the likely performance of any investment. Recipients should consult their own advisors before making these types of decisions. One Trading has no responsibility or liability for any decision made or any other acts or omissions in connection with Recipient’s use of this material.

Rated, Home of the Industry’s Leading Network Explorer, Launches on Solana 9341

Rated monitors node and node operator performance and risk on Proof of Stake networks, where node operators and validators steward billions in value.

Rated is pleased to introduce the Solana Network Explorer, offering a detailed, real-time overview of Solana’s network performance, allowing users to delve into the specifics of consensus data and validators that secure billions of dollars in value.

A significant amount of blockchain and transactional value is being built natively on the internet, yet information about how they perform and the risks underlying them is fragmented. Block explorers are essential, yet the work carried out by network operators and the underlying blockchain infrastructure providers is often in the dark.

Solana’s performance driven design is entirely reliant on the network of validators who make up the Solana Network. There are currently around 1767 validators securing the Solana with an active stake of approximately 58 Billion USD, across over 1 million active staking accounts.

Questions often arise about the actual composition of the network, Who are the network operators and stakers ? What risks are they taking, and how do they perform?

The Rated Solana Network Explorer and suite of API tools answers these questions by providing detailed insights into the present and historical state of the network, including operator performance, commissions, network penetration, vote effectiveness/latency, client, geo and host distribution, and more. In the blockchain realm, traditional metrics like uptime, latency, and APY only tell part of the story about a network’s health and the standing of the operators within it , Rated saw the need to develop RAVER, an open-source methodology aimed at measuring risk-adjusted performance more comprehensively.

Reliable and up-to-date network state data forms a crucial foundation for sophisticated blockchains like Solana. Rated’s methodology not only sheds light on the specifics of the Solana’s network but also establishes a path forward towards enhanced transparency, accountability, and ongoing innovation.

“The introduction of the Solana Explorer on Rated adds valuable context to the Solana validator network and is an important step in making it easy for users to monitor and understand the network’s core functioning.” – Amira @ Solana Foundation

“We’re really excited to be launching support for Solana. This release stands on the shoulders of innovations in wrangling with the myriad of data points that the network produces, which we think will add material value to the ecosystem.” – Elias Simos @ Rated

To explore Solana’s network and operators, visit the Solana Rated Explorer

About Rated Labs

Rated Labs is a pioneer in the Web3 infrastructure data space. Since its inception in 2022, the company has seen nearly 250k unique visitors on its network explorer, 15k MAUs, 500M calls on its API spread across 45+ integrations, as well as partnerships and integrations with leaders and innovators in the Staking ecosystem including Lido, Metamask, Liquid Collective, Chorus One, and more.

Links
Explorer: https://explorer.rated.network
API: https://apis.rated.network

BitOasis Taps Sumsub for Enhanced Identity Verification and Crypto Compliance 9595

Sumsub, a full-cycle verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, is pleased to announce a new collaboration with BitOasis, the largest and most trusted cryptocurrency platform in the MENA region.

BitOasis has chosen Sumsub for crypto identity verification and AML screening for crypto compliance. Since its launch in 2016, as a regulation-first company, BitOasis has maintained a firm focus on its mission of providing retail and institutional users from the region a safe, compliant, and convenient way to buy, sell and hold over 60 cryptocurrencies. BitOasis was the first Virtual Asset Service Provider (VASP) to register with the UAE’s Financial Intelligence Unit in 2021, and was amongst the first companies to secure a provisional operating permit from Dubai’s Virtual Assets Regulatory Authority (VARA) after the regulator’s establishment in early 2022. Having recently reopened its platform to new retail and institutional users, this partnership with Sumsub will enable BitOasis to further enhance its user onboarding process while ensuring full compliance with strict AML and other regulatory requirements.

“We are excited to start working with Sumsub, a global leader in verification, anti-fraud and compliance. Sumsub will enable us to further strengthen the stringent controls we use to protect our users and ecosystem from illicit activities and support us in ensuring continued full compliance with evolving AML regulations. By implementing Sumsub’s KYC and AML Screening solutions, we make sure to provide the best user experience to our customers in the Middle East and beyond,” says Stanford Cardoz, AML Director at BitOasis.

“We are thrilled about our collaboration with BitOasis, a leading crypto platform in the Middle East,” comments Peter Sever, co-founder and Chief Strategy Officer of Sumsub. “We are proud to join BitOasis’ mission of building infrastructure for a new digital financial system based on cryptocurrencies, a system that is transparent, inclusive, compliant and secure.”

About BitOasis

Headquartered in Dubai, BitOasis is the largest and most trusted regional cryptocurrency trading platform in the Middle East and North Africa. Established in 2016, BitOasis is a pioneer of the region’s cryptocurrency ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. Available in 15 countries across the region, the platform provides investors with a safe and secure way to buy, hold and sell 60+ cryptocurrencies. Since its launch, BitOasis has processed more than $6 billion in trading volume and raised more than $40 million dollars in funding from leading regional and global investors, such as CoinDCX, Wamda Capital, Jump Capital, Pantera Capital, and Global Founders Capital.

About Sumsub

Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.

Navigate Markets with Precision Signals from TradeTide in Australia and New Zealand 9587

In the dynamic world of trading, having access to timely and accurate information can make all the difference between success and missed opportunities. Recognizing this need, TradeTide review emerges as a beacon of innovation, offering a unique trading signals app tailored specifically for investors in Australia and New Zealand. Powered by cutting-edge AI technology honed over eight years, TradeTide stands as a testament to the fusion of advanced data processing and artificial intelligence.

At the heart of TradeTide lies its proprietary AI engine, meticulously crafted to harness the power of natural language processing and artificial intelligence. This sophisticated technology serves as a compass for navigating the complexities of the financial markets, providing users with actionable insights derived from vast volumes of data. By sifting through the noise and distilling key trends, TradeTide helps investors stay ahead of the curve in an increasingly competitive landscape.

One of the most pressing challenges facing modern investors is the deluge of information, often referred to as “infobesity.” Amidst this sea of data, it can be daunting to discern relevant signals from mere noise. Herein lies the brilliance of TradeTide’s AI-driven approach. By leveraging advanced algorithms, TradeTide review sifts through mountains of information with unrivaled efficiency, delivering only the most pertinent insights directly to users’ fingertips.

The journey of TradeTide began over eight years ago, marked by a steadfast commitment to innovation and excellence. Through continuous refinement and iteration, TradeTide’s AI technology has evolved into a formidable tool for traders seeking an edge in the market. Whether it’s identifying emerging trends, pinpointing potential opportunities, or mitigating risks, TradeTide empowers users with the foresight needed to make informed decisions.

What sets TradeTide review apart is its focus on the unique dynamics of the Australian and New Zealand markets. By tailoring its algorithms to the nuances of these regions, TradeTide ensures that users receive insights that are not only relevant but also actionable. Whether you’re a seasoned investor or just starting out, TradeTide serves as your trusted companion on the journey to financial success.

In a world where every second counts, TradeTide review delivers real-time trading signals that enable users to capitalize on opportunities as they arise. Whether you’re on the go or at your desk, TradeTide provides seamless access to critical market insights, ensuring that you never miss a beat.

In conclusion, TradeTide review represents a paradigm shift in the realm of trading signals, combining the power of AI technology with a deep understanding of the Australian and New Zealand markets. With its unwavering commitment to excellence and innovation, TradeTide stands ready to empower investors on their quest for financial mastery. Experience the future of trading with TradeTide – where intelligence meets opportunity.

Website: https://tradetide.net/

XREX Singapore Receives MAS Major Payment Institution Licence 9474

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that it has obtained the Major Payment Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator. This comes after it received its in-principle approval from the MAS in November last year.

Commenting on XREX’s engagement with the MAS, XREX Singapore Chief Executive Officer (CEO) Christopher Chye said, “Our engagements with the MAS have repeatedly shown us why they are internationally revered as a leading central bank and financial regulator. With this licence in hand, XREX Singapore will endeavour to bring blockchain-enabled digital payment currencies to ubiquity.”

XREX Singapore facilitates frictionless cross-border payments for import and export transactions, particularly for small-medium businesses (SMBs) in emerging markets. This strategic emphasis aligns with XREX’s mission to foster financial inclusion in emerging markets.

“The MPI licence is a testament to our unwavering commitment to the highest regulatory compliance standards. We look forward to working with one of the world’s leading regulators to make blockchain finance safe and accessible to the general public,” said XREX Co-founder and Group CEO Wayne Huang.

XREX Singapore will launch XREX Pay, a platform providing cross-border B2B payment features for corporates, as well as remittance solutions, such as helping migrant workers send money home. XREX Pay will support Singapore Dollar (SGD) and U.S. Dollar (USD) payment rails and stablecoins such as USDT and USDC, all while demonstrating a robust and practical implementation of the Financial Action Task Force (FATF) travel rule.

XREX Singapore’s licence encompasses a total of six payment services, namely:
i) Account issuance service;
ii) Domestic money transfer service;
iii) Cross-border money transfer service;
iv) Merchant acquisition service;
v) E-money issuance service; and
vi) Digital payment token service.

“XREX is approved for six of the seven payment services under the MPI licencing regime. With XREX Singapore as the group’s Asia Pacific headquarters, XREX looks forward to expanding its partnership with major banks, credit card institutions, and payment institutions to build next-generation financial systems that integrate traditional and blockchain finance,” said XREX Co-founder and Group Chief Revenue Officer Winston Hsiao.

About XREX

XREX Singapore is an MAS-regulated financial institution that leverages blockchain technology to make cross-border payments faster, cheaper, and safer for businesses globally. Its proprietary escrow payment feature, BitCheck, empowers enterprises to switch flexibly between digital currencies, stablecoins, or traditional currencies, thereby ushering their businesses into the new era of digital money. XREX Singapore also specializes in working with emerging markets businesses to help solve their issues with USD liquidity access.

XREX Group, is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. It provides enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018 and operating globally under multiple licences, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

Experience the Future of Liquid Staking: Kintsu Testnet Launches Exclusively on May 13th 10786

Kintsu, a leading innovator in the DeFi space, is thrilled to announce the launch of its highly anticipated Testnet on May 13th. This exclusive event invites a select group, including the Kintsu OGs, to pioneer a new era in liquid staking on the cutting-edge Aleph Zero blockchain.

Aleph Zero is a permissionless Layer-1 blockchain that combines a Proof of Stake (PoS) consensus mechanism with a Directed Acyclic Graph (DAG) for scalability, security, and efficiency. Its advanced privacy features include zero-knowledge proofs (ZK-SNARKs) and secure multi-party computation (sMPC) within the Liminal privacy layer.

About Kintsu

Kintsu aims to reshape the DeFi landscape with its next-generation liquid staking platform, empowering users to stake their assets while maintaining liquidity. By leveraging Aleph Zero’s state-of-the-art security and unparalleled transaction speeds, Kintsu provides unmatched flexibility and efficiency in liquid staking.

A recipient of the Aleph Zero Ecosystem Funding Program, Kintsu is recognized as a pioneer within the Aleph Zero, INK, and Substrate ecosystem. With a focus on decentralization, and security, Kintsu aims to redefine liquid staking, providing DeFi users with a efficient, scalable, liquid, and composable staking solution.

Key Features of the Kintsu Testnet

  • Exclusive Early Access: A select group, including the Kintsu OGs, will have the opportunity to participate first, offering focused feedback to enhance the platform iteratively.
  • Seamless Staking Process: Users can stake their tokens with ease and have them allocated among carefully selected validators for optimal security and efficiency.
  • Innovative Unstaking and Batching Process: Unstaking requests are collected over a 48-hour period before being batched, followed by a standard 14-day unbonding period. Participants can cancel their requests until they are batched.
  • Claimable Gas Rewards: Following the unbonding period, participants can claim gas rewards from the Liquid Staking Tokens (LSTs) initially escrowed.
  • Comprehensive Wallet Support: Participants can utilize wallets like Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.

Hats Finance Audit Competition:

Kintsu has partnered with Hats Finance, a decentralized cybersecurity network, to conduct an audit competition on the contracts that will be deployed on the Testnet. The competition features a bounty of $40,000, incentivizing ethical hackers and security experts to identify and report vulnerabilities. This initiative ensures that Kintsu’s contracts are thoroughly vetted before their mainnet launch, maintaining the highest security standards as Kintsu pioneers the future of liquid staking.

Participation and Feedback:

Kintsu invites its community to actively participate in the Testnet, exploring its innovative features and providing crucial feedback. This feedback will play a significant role in enhancing the platform’s user experience.

Connecting with the Kintsu Community

Users can stay updated on the latest developments and engage with other like-minded individuals by joining the Kintsu Discord community and following on Twitter. Insights and feedback from the community are crucial in shaping the future of DeFi.