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Matrix taps BitGo’s custody solution, bringing top-tier security to its trading platform

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Matrix, a virtual assets trading platform serving investors around the world, partners with BitGo, a leader in digital asset financial services. Through the partnership, BitGo will provide Matrix with a wide array of custodial services, including hot- and cold-storage capabilities to protect traders on its platform.

The global cryptocurrency market is expected to explode to $4.94 billion by 2030, more than three times its estimated size of $1.49 billion in 2020, according to a recent report by Allied Market Research. The UAE is steadily catching up to Western countries in terms of participation in the virtual asset ecosystem.

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Matrix taps BitGo’s custody solution, bringing top-tier security to its trading platform 2

Matrix is fully compliant with the Abu Dhabi Global Market (ADGM) virtual asset framework and is spearheading the push for virtual asset adoption in the region with its secure and user-friendly platform. Matrix will use BitGo’s custody solution to offer virtual-asset traders a variety of options, including a multi-signature bitcoin wallet service. At a time when the virtual asset community is massively growing, especially among first-time traders, it is critical to provide users with a service that is safe, trustworthy, and convenient to use.

“We are thrilled to be working closely with BitGo, one of the most respected and biggest custodians in the industry,” says Vasja Zupan, President of Matrix. “The partnership with BitGo comes at an exciting time and offers our users the highest quality service when entering the virtual assets industry.”

“We are constantly expanding in the Middle East and specifically in the UAE, a hidden gem with an innovative virtual asset landscape,” says Mike Belshe, CEO of BitGo. “We look forward to offering users first-class service, and by partnering with a distinguished trading platform such as Matrix, we are cementing our foothold in the region.”

About Matrix

Matrix, a regulated virtual asset Multilateral Trading Facility (MTF) and Custodian in the Abu Dhabi Global Market (ADGM), is dedicated to providing a compliant, secure, and fast virtual asset trading experience. Users of Matrix can be assured of their AML/KYC compliance and regulatory oversight. Additionally, Matrix’s offline storage, multi-node disaster tolerance, remote disaster recovery, and multi-server switching ensure the stability and reliability of the trading system. Matrix is one of the few global trading venues providing support for global fiat deposits, enabling faster trading.

About BitGo

BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions. In 2020, BitGo launched Prime Trading and Lending, as well as BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes over 20% of all global Bitcoin transactions and supports over 300 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.

When Is the Right Time to Buy Bitcoin?

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With Bitcoin (BTC) prices skyrocketing over the past few years, it’s safe to say that the space has gotten a little intimidating. It actually creates a weird paradox in the space: because of the price spikes, BTC gains more attention and becomes more recognized—however, with its price reaching unprecedented heights, people are also more afraid to get into the market.

With all that being said, when is the right time to get into it? If you’re looking for the short answer—spoiler alert—it’s that any time can be the right time. Don’t worry; we’ll break down why.

Make informed decisions

Before you get into the space, the most important thing you can do is do your own research and familiarize yourself with all the risks. By doing so, you’ll understand more how the space works and make sure that you don’t lose any money to careless mistakes.

First, familiarize yourself with all the slang. FOMO (fear of missing out), FUD (fear, uncertainty, and doubt), and buy the dips (we’ll explain this one a little bit more later) are some of the more important ones to be aware of as these are the slangs that refer to phenomena that can cloud your judgment.

FOMO, despite it being a little self-explanatory, catches a lot of victims on its web. How many times have you heard “I wish I bought BTC when it was [insert price here], I woulda been a millionaire by now!” In fact, it’s probably something we’ve said to ourselves at one point.

Knowing what FOMO means is important because everyone needs to know that missing out isn’t the end of the world. In fact, dwelling on it can do you more harm than good. FOMO can cloud your judgment and force you to make financial decisions that you’ll end up regretting.

FUD has a similar effect. Fear, uncertainty, and doubt refer to all the noise that non-believers of crypto will try to pressure you with. “Bitcoin is a bubble,” “Bitcoin is a scam,” and “Bitcoin suffers from technical problems” are among some of the phrases you’ll hear from people trying to spread the FUD. The motives may always be different and people may not even be spreading the FUD on purpose, but the effect is real and if you succumb, you can make some poor financial decisions in the long run.

These concepts are further pressurized by Bitcoin’s volatility. Because of its ability to spike and dip at rapid paces, BTC’s price is what drives FOMO and FUD.

Figure out your goal

Before you pull the trigger and spend some of your hard-earned money to buy some Bitcoin, you first need to ask yourself: why do you want to get into the space?

Your goal will make all the difference in determining when to buy. If you’re using BTC as an investment opportunity—which is what most people get into it for—then you can try “buying the dip.” This is a common phrase investors use, referring to the strategy of buying an asset when its price is low. It’s worth noting that there are a ton of other trading strategies out there, so don’t limit yourself to this one.

On the other hand, if your goal is to purchase a good or service, it doesn’t really matter when you buy. Since you’re using BTC for its original purpose of being a “peer-to-peer electronic cash system,” its price is irrelevant. You could buy Bitcoin with credit card right now, use it to pay for a good or service, and convert it back into your preferred fiat so that its price doesn’t fluctuate that heavily.

Once you do your research and figure out what your goal is, the rest is easy. With Bitcoin being over 12 years old now, the community is bigger and more passionate than ever before. Several exchanges and marketplaces have even popped up to make life even easier by allowing you to get a free Bitcoin wallet after signing up.

Research minimizes risk

Like any other investment, going into Bitcoin blindly is a good way for you to lose some money. Make sure to research what it is, the technology behind it, what you can use it for, and how to secure yourself from bad actors in the crypto space.

Generally speaking, the more you know about Bitcoin, the more sound your decisions will be. In this space, it’s practically impossible to completely eradicate the risk. The only thing you can hope to do is to minimize it. By doing your homework, you minimize the risks in big ways. This, in turn, keeps your money safe—and that’s what it’s all about, right?

TurboXBT: A review of extremely profitable crypto short-term contracts platform

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Achieving consistency as a trader in the digital currency ecosystem has a lot to do with your skills, however, the trading model on the platform you choose also matters a great deal. There are exchanges whose underlying product offering generally makes it difficult to achieve consistent winnings but with the emergence of the TurboXBT synthetic asset trading platform, this narrative is beginning to change.

The TurboXBT exchange is new in the crypto ecosystem. The trading platform comes off as a disruptive outfit when compared to the offerings being offered by existing competitors today. The exchange allows traders to easily take advantage of short-term changes in the prices of a wide array of digital assets for a chance to make instant profits. 

Despite its newness, TurboXBT has a number of features that have positioned it to be on track to take over as a major trading hub for both new and professional traders in the near future. This article gives an overview of TurboXBT, its features, trading model, and benefits for its early adopters.

All About the TurboXBT Platform

The TurboXBT exchange is a simple to use trading platform where users can enter into contracts to bet on price gains or losses. The design of the TurboXBT platform all works to support this innovative trading model that is one of a kind in the digital asset exchange world. The platform is designed to allow traders to enter UP or DOWN contracts depending on their prediction of the movement in the prices of the assets they wish to trade.

The distinguishing features on the TurboXBT platform are outlined below:

Trading Modalities on TurboXBT

  • Privacy
    Account registrations on the TurboXBT platform require no KYC. This allowance restores confidence for the new page visitors as it helps in keeping their personal account information private at all times.
  • Speed
    As a short-term trading engine, TurboXBT brandishes high speed for all of its platform functionalities. The process from the first visit to the first profit takes just about 3 minutes. Orders can be placed instantly within a few clicks after logging in.
  • A flexible trade entry point
    TurboXBT lets everyone trade at their own pace. Users are under no obligation to fund their accounts immediately after registering. Infact, they can start trading at whatever time they feel they are ready.
  • Simplicity
    Clearly defined profit and risk expectations are provided prior to positions being taken, with only two order types across different durations.
  • Style
    The platform design comes with a bold, user-friendly interface that is visually appealing to all users.
    Additionally, the primary offering of the TurboXBT platform requires a high degree of stability. This was factored in with the underlying design of the exchange and as such, the site boasts of a 99.9% uptime, ensuring that no profits are left on the table. The safety of funds is also guaranteed through the platform’s bank-grade security to safeguard all user’s funds. In all, TurboXBT offers a convenient funding mode that involves the four of the most traded digital currencies including Bitcoin (BTC), Ethereum (ETH), USDT, and USDC respectively.

TurboXBT supports as many as 38 trading pairs obtained from a broad range of 17 digital assets cutting across cryptocurrencies, commodities, indices, and foreign exchange. Each of the supported asset pairs comes with their own unique payout rates, some of which comes as a range. The payout rate is also a function of the underlying market conditions within the time frame chosen.

To trade on TurboXBT, the user will need to open an account in a few simple steps using a personalized email address and password. Once the account is opened, funds will need to be deposited using one of the above-listed funding cryptocurrencies. While the TurboXBT exchange charges no commission for using the platform, users will need to take note of the network charges when depositing funds.

With funds loaded up, here is the simple step to place the first trade on TurboXBT:

The user selects the asset pair to trade, for example, the BTC/USD pair. A suitable time frame ( which could be any from 30 seconds, 1 minute, 5 minutes, 10 minutes, or 15 minutes) that is visible on the chart interface is then chosen, and the trade is executed by clicking either the green UP button for the upward trend or the red DOWN button to bet on price falls.

Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit. 

While it appears that executing trades can be as easy as described, significant risks can be involved. As a result, users must trade with caution and employ a good risk management technique to help minimize losses. To understand how the platform works before funds are committed to trading, users may take advantage of the demo account accessible to them when their registration is successful. With the demo, live trades can be placed, with the user getting exposed to how winnings and losses are calculated per trade.

As highlighted earlier, the amount of profit earned per trade can be increased significantly depending on the trading pairs chosen and the accompanying payout rates. Assuming a user entered a DOWN contract on Brent with a 70-85% payout rate using $1000, and the price of the synthetic asset traded low in relation to the time frame chosen. The profit would range from $70 to $85 depending on a trusted algorithm computation using underlying marker conditions at the time.

Based on the estimation at the upper end of the range, the total amount that will be deposited in the user’s account will be $185 based on this simple computation. 

                       Total Earnings/Trade = Capital + [Capital x Payout Rate]  

Earnings are paid out instantly and there is no limit on withdrawals.

Taking the First Step

Beginning a profitable trading journey on TurboXBT should be accompanied by the assurance of the safety of data and funds. The platform offers simplicity and the needed support for all users irrespective of their level of experience in trading. TurboXBT’s global push has made it integrate 16 languages, a novel addition that seeks to make its innovative offerings within the reach of everyone around the globe.

The RAPSCALLIONS (RAPS): Mooning NFT Project with True Breeding and Battles

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The Rapscallions is an exclusive gang. Membership in the gang requires you to own at least one of the 10,150 RAPS NFT. The Rapscallions will be available to mint from September 24th, 2021 at a cost of 0.06 eth each.

The team behind The Rapscallions has reimagined the whole concept of NFTs and the marketplace around it today. Having experience and vast knowledge in the NFT market, they have envisioned a whole world around the RAPS NFT and it will not end once the last RAPS NFT has been minted.

Their vision starts with The Rapscallions and their recruitment drive to find new members. Then comes the mysterious Axe gang that has been rivals with The Rapscallions for ages, of which more details on this NFT project will be unveiled in a few days after launch and will include a battle game between the gangs.

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The RAPSCALLIONS (RAPS): Mooning NFT Project with True Breeding and Battles 5

Let’s get back to what is currently on the roadmap for The Rapscallions. Once they launch on Sep 24th, The Rapscallions will be hosting numerous Airdrops and giveaways including PS5 systems amongst their holders. At a later stage, a charity donation will be made at the behest of the Rapscallion community once they have decided on a suitable charity. The final stage which is already under development will be breeding between The Rapscallions NFTs, for which the dev team has included for the first time male and female NFTs. One of each will be required to breed NFTs in the incubation center, of which the offspring would take on the traits of their “Parents” or have a minute chance of unlocking even rarer traits.

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The RAPSCALLIONS (RAPS): Mooning NFT Project with True Breeding and Battles 6

Each RAPS NFT has been created with 290+ uniquely hand-drawn traits with varying rarities from 10 different categories of individual traits. Listing on a major rarity evaluating website will be made available once 20% of RAPS have been minted.
To MINT / BUY, one must install metamask and fund it with Ethereum and connect on site to MINT/BUY after launch. It’s best to use a computer or laptop for this. They have fun and helpful community on Discord while you can check them out here.

Hodlnaut increases Bitcoin interest rate to 7.5% APY; 2021 roadmap packed with updates with iOS App launch and token swap feature

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The cryptocurrency market’s rate of growth has required companies to keep up in terms of updates and developments. Singapore-based Hodlnaut managed to keep up with the pace and made a name for itself by releasing sought-after features that align with customer interests. Hodlnaut’s competitive interest rates make it stand out from the rest of the cryptocurrency lending platform, asserting its presence in the digital asset ecosystem.

The Singapore Fintech Association has certified Hodlnaut as a Fintech company, and this credential is recognized by the Monetary Authority of Singapore. Hodlnaut customers are asked to complete a Know-Your-Customer (KYC) process before they are allowed to deposit crypto to maintain the highest standards of user safety.

Priding itself on its convenience, Hodlnaut pays out the earned interest directly to the users’ wallets every Monday. Users can choose their payout in the preferred cryptocurrency of their choice. For those tired of contract-based partnerships, Hodlnaut is ideal as there is an absence of a lock-in period. The platform’s stellar interest rates make Hodlnaut a customer favorite amongst cryptocurrency lending platforms.

Hodlnaut’s annual compounded interest rates allow users to earn up to 12.73% APY in interest. Bitcoin (BTC) and Ethereum (ETH) hodlers can earn up to 7.46% interest while the interest rate shoots up even more for stablecoins. Holders of USD Coin (USDC) and Tether (USDT) have the option to earn up to 12.73%.

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Hodlnaut increases Bitcoin interest rate to 7.5% APY; 2021 roadmap packed with updates with iOS App launch and token swap feature 9

Their token swap service was launched in early 2021. This feature allows Hodlnaut users to swap between supported asset pairs which include BTC, ETH, WBTC, DAI, USDC, and USDT. Users can make use of this feature and directly manage their trading pairs without a two-step process and additional trading fees.

Just recently, Hodlnaut welcomed the launch of its iOS application. Users are able to deposit, withdraw and check interest statements in the palm of their hands. The company also plans to launch the Android application by the end of 2021.

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Hodlnaut increases Bitcoin interest rate to 7.5% APY; 2021 roadmap packed with updates with iOS App launch and token swap feature 10

“Our much-awaited iOS App will enable fast and transparent transactions while giving users the required information at their fingertips, enhancing the user experience of our platform,” said Juntao, CEO and Co-Founder of Hodlnaut. 

Hodlnaut’s iOS App is built by developers dedicated to providing the best application experience to its valued users. Download Hodlnaut’s iOS Application via Apple AppStore.

Boni-Compete with different product lines in today’s mining ecosystem

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Boni is a top cloud mining platform, which can be used by anyone interested in passively mining Bitcoin, and can easily earn a predetermined amount as income every day. Due to its functions, experience, and security features, Boni is considered to be one of the best cloud mining options. Without a reliable platform, cloud mining may take risks and cause losses in the blink of an eye.

But because of companies like Boni, it is possible to gain a foothold in this over-industrialized Bitcoin mining process. What needs to be done is to complete the entire process step by step and select mining equipment based on its profitability. Boni is currently offering a 37% first deposit bonus, so now is the best time to take full advantage of the Boni platform.

Reasons for choosing Boni Cloud mining platform

Long-term users of the Boni platform can profit from their simple contract-based investments without having to mine a single cryptocurrency. It utilizes an advanced setup where people can freely choose and make their own decisions before committing to cloud mining Bitcoin. Here are some reasons for choosing Boni:

  1. Experienced team support
    Everything about the Boni cloud mining platform is handled by a group of experts with many years of industry experience, which is very suitable for leading platforms like Boni. John Dalby He was the CFO of D.E. Shaw Renewables has also worked at UBS for more than 20 years. , Is currently the CEO of Boni. The team also includes John Dalby team leader George as its CTO. As an expert, the Boni team continues to improve the platform and add more mining machines for registered customers to choose from.
  2. Simple and transparent platform
    Since its establishment in 2017, the platform has served more than 37,000 customers who are interested in mining but are unwilling to bear extreme fluctuations in equipment processing, electricity bills, and encryption prices. Once you visit the website, the layout of the platform will lead you to the main option, which is to select miners based on the user’s abilities and invest in them to obtain a fixed income. It’s like owning a crypto miner that you don’t really own.
  3. Quick and easy procedure
    People who don’t know anything about cloud mining think this is a complicated process, but the actual situation is just the opposite, especially Boni in the picture. The platform was created by industry experts and includes the option of registering in a few steps, selecting mining equipment, and tracking the performance of miners through any device including smartphones. Boni allows the crypto miners of their choice to be distributed to their customers through a quick and easy procedure without any problems.
  4. Various available miners
    Boni provides a series of advanced variable-capacity encryption mining equipment for its global customers. The available options are (contract period of $70 for 1 day) (contract period of $200 for 7 days)
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Boni-Compete with different product lines in today’s mining ecosystem 12

(contract period of $600 for 14 days) and (contract period of $1,000 for 15 days)

capacity Bitcoin miners. Interested customers must register with Boni to make an initial deposit, and regularly receive about 1.43 times the investment (interested customers can first register an account for 5 USD experience activities). For customers who want high profits, you can also choose to make personalized adjustments.

Website link: https://bonibtc.com

Bololex Adds Another Feather to Cap as Staking Features Take Spotlight

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As the world of digital assets continues its rapid growth, several entities in the industry have begun upping their game. With updates and blockchain developments intrinsic to the positive movement of cryptocurrencies, companies like Bololex have taken charge at the helm. The cryptocurrency exchange platform made a name for itself because of its low transaction fees, focus on privacy, and excellent service sphere.

Bololex claimed that the ever-changing landscape of the cryptoverse kept the exchange on their toes, enabling them to come up with innovative ideas. Since its launch, Bololex has built a strong relationship with the client base which in turn brings in recurring customers. The cryptocurrency exchange further extended its reach in the field by partnering with TWJ News, a leading cryptocurrency news portal.

Bololex’s focus on privacy and security also made it a fan favorite amongst cryptocurrency users. This was put on a show recently when the exchange updated its trade verification steps to ensure smooth processing. Customers were first required to join the Bololex channel and receive the verification code through the Bololex Bot. this code had to be used in the verification window to ratify the process, making it difficult for hackers to get into user funds.

The exchange also set the crypto world buzzing with the launch of its native staking program. According to Bololex:

“Bololex staking is an awesome and simple way to increase your savings without completing additional actions on your side, as we will do it for you. Instead of leaving your crypto assets sitting in your wallet, just stake them on our platform, earn rewards and maximize your holdings.”

Bololex users have the option of staking multiple tokens such as BOLO, CREED, C20, TFT, BONUS, and DPC. The staking duration ranges from 30 days to 360 days where the reward percentage also changes. While the reward percentages for BOLO were 5%, 12%, and 30% respectively, the other tokens had their own variance. Staking tokens has picked up in a big way with users trusting exchanges with solid reward systems.

It was also coincidental that TWJ’s own token can also be staked for user’s benefits. TWJ Coin acts as a medium of exchange for writers if they wish to sell their articles on the website. Every new integration has come with its wave of new investors and that has been the case with staking as well. Bololex’s lucrative reward percentages and periods are set by the owners with the final amount being sent directly once the period ends. One of the standout features offered by Bololex was that an individual has the option to opt-out of the staking program as and when they choose.

The updates mentioned above were just the tip of the iceberg in terms of Bololex’s future roadmap. With the company also looking at expanding its gaming pool, users can be assured that the market was attempting to move to bullish pastures.

Thorstarter launches its first IDO for Skyrim Finance on its ‘decentralized VC’ launchpad

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Thorstarter, the decentralized blockchain-based launchpad platform for cryptocurrency projects, funds and launches its first initial decentralized exchange offering (IDO) for Skyrim Finance, the first multichain decentralized marketplace that blends both leveraged and fixed-rate APY.

Skyrim Finance is introducing structured products to DeFi, applying the popular-as-of-late instruments to a market with investors eager to earn higher yields. Generally, within DeFi, there are two types of yield farming investors on the market at the moment—investors who want low risk with a fixed APY and those who are seeking high leverage for higher yields in leveraged APY. Skyrim Finance is looking to build a product that blends these two types of investor camps together, helping investors of different profiles have risk-adjusted returns.

The goal is to also build a robo-advisor that can devise the right kind of risk-adjusted return, customized for each investor. As part of Skyrim Finance’s fundraising endeavors—including the $2.1 million raised round in May—Thorstarter is launching an IDO for the company.

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Thorstarter launches its first IDO for Skyrim Finance on its ‘decentralized VC’ launchpad 14

Thorstarter’s launchpad offers users a dual opportunity to take part in democratized governance through (a) the ability to vote on projects launching and project dividends and (b) a retail token purchase that gives them the ability to buy into launching project’s IDO.

Projects on Thorstarter will be afforded several critical resources for launch:

  • A Thorstarter liquidity grant: Seeded in XRUNE-TOKEN liquidity pools to ensure deep liquidity from the commencement of the project.
  • Community marketing assistance: Ensure a well-publicized, oversubscribed sale.
  • Access to multi-chain liquidity: Getting projects that are launching near-instant liquidity by pairing it with the XRUNE token—the official platform token of the THOR multi-chain ecosystem.
  • Cross-chain reach: Projects can gain wider access to investors and participants across Thor’s multichain network via the liquidity pools provided to them initially.
  • Bigger coin swaps: With THORChain’s multi-chain network, projects can get easy access to swap pools that include much more established coins like Bitcoin or Ether.
  • Thorstarter aims to create an entirely democratized financial network with the capabilities of a venture capital firm in a decentralized fashion. Simultaneously, the launchpad platform will expand on the existing THORChain ecosystem and offer an alternative avenue for cryptocurrency projects to lift off and attain the necessary liquidity, without being charged any commissions or entry fees to do so.

“We are thrilled to be able to help the Skyrim Finance team access deep liquidity through Thorstarter’s IDO platform,” says compound22, co-founder of Thorstarter. “We firmly believe that the THORChain ecosystem will be a perfect complement for investors on Skyrim Finance who are seeking a stronger, more diversified APY when investing in a multi-chain world.”

“Skyrim Finance is the first multichain decentralized structured finance marketplace, with the aim of building the robo-advisor of DeFi ecosystem,” says SkyrimFinance. “The objective of Skyrim Finance is to help investors of different profiles have risk-adjusted return through fixed-rate and leveraged-yield DeFi products.”

Thorstarter is expected to launch its next project BNPL in mid-September.

Sirin Labs launches a two-in-one, secured phone solution with military-grade encryption

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Sirin Labs, the maker of the SOLARIN and FINNEY, the first blockchain-enabled smartphone, launches the secured dual persona SIRIN V3 smartphone, setting a new standard for data security with its isolated data-transfer and communications ecosystem. Based on Samsung’s newest line of business-class devices, the V3 provides a military-grade encrypted “Work Space” mode in addition to the standard smartphone, all in one device.

When WhatsApp kicked off 2021 by announcing a privacy update signaling it would share user data with parent company Facebook, outrage ensued and many flocked to alternatives, such as Signal and Telegram, which claim to have stronger end-to-end encryption. The reality is that all of these apps can be hacked if the attacker wants the data badly enough. As cybercrimes continue to skyrocket and state-level actors threaten institutions and individuals across the globe, Sirin Labs offers a solution that empowers users to enjoy every aspect of a regular smartphone, along with a closed-off Work Space mode that keeps user data—as well as organizational data—truly private.

Built on the Samsung Knox mobile security platform, the V3 functions as two phones in one. The multifaceted mobile device contains two fully functional systems separated by an encoded partition: a personal mode with complete user autonomy and strong baseline security, and a dedicated workspace that keeps user data and professional communications safe from bad actors. Each mode is entirely isolated, and switching between the two is effortless. While both sides of the V3’s dual persona are highly secure, the workspace mode is in a league of its own, with military-grade encrypted call and messaging features, enhanced security on common business communication platforms, and end-to-end encrypted business apps and data, all on an intuitive, easy-to-use interface.

Sirin developed the V3 as a highly-compatible, customized Samsung smartphone with a specific set of ultra-secure apps and programs. Consumers can purchase the V3 solution on the foundation of any recent Samsung smartphone for 2,000 USD. Kenges Rakishev, Co-Founder of Sirin Labs said:

Sirin Labs has always strived to bring highly secured smartphones to truly protect user data. We’ve done it twice with our previous phones, the SOLARIN and the FINNEY, but with the announcement of our third-generation secure communication solution, the SIRIN V3, we’re packing two phones with unbeatable security into a single unit.

Zvika, Landa, the CEO of Sirin Labs added to Rakishev’s words by stating:

With the arrival of the V3, a truly secure and accessible mobile device is finally here. This dual-persona device raises the bar for encrypted security while delivering the same functions that one would expect from a personal and professional phone, all in one. Simply put, the existential threat posed by cyber-criminals has finally met its match with the V3.

PumaPay to migrate from Ethereum to Binance Smart Chain, introduce liquidity pools

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PumaPay, the comprehensive cryptocurrency payment solution, announces the upcoming launch of V3.0, which moves its operations from Ethereum to the Binance Smart Chain (BSC)—the first crypto payment solution to do so. The move to BSC includes the introduction of a bridge between the two networks, enabling utilization of a wider set of tokens and cryptocurrency for payments, and opening new liquidity pools with automatic swaps.

Ethereum, for a long time known as the industry-leading platform in blockchain development, has become unscalable for many developers. With soaring gas fees and a slow block processing rate, PumaPay’s service to its customers became untenable on Ethereum’s network. In the spirit of maintaining the original vision of decentralization, boosting payment flexibility and protocols, and building liquidity, PumaPay is shifting to BSC to expand its existing protocols for its customers.

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PumaPay utilizes the PullPayment Protocol that alternates the peer-to-peer system of crypto payments from a push to a pull protocol. PullPayment affords merchants capabilities unique to PumaPay, such as recurring billing—which allows merchants to bill for subscriptions and is the only payment solution on BSC offering this payment option. The new platform on BSC will offer a host of new opportunities to customers and users on the Binance Smart Chain, in addition to faster transaction speeds and cheaper gas fees.

Wider token diversity: Using PumaPay’s token (PMA) as a mediation coin, merchants will be able to select a settlement currency of their choice for each billing model, while users will have the option to subscribe with various tokens that are supported by BSC. Merchants and users will be agnostic to each other’s choice of coin.

Liquidity pools: To power the support for a wider number of cryptocurrencies for payments, PumaPay is introducing liquidity pools to enable swaps between PumaPay’s token and other cryptocurrencies. Liquidity providers will enjoy swap fees.

Total decentralization: Transfer of transaction processing duties to network “executors,” who will be paid by merchants, which will foster a more decentralized crypto payment ecosystem. Merchants will be able to run executor nodes, allowing them to save on fees, and earn for processing other merchants’ transactions.

hjCommunity 3.0: PumaPay’s V3.0 will include bottom-up measures that allow for more community participation in promoting the project with ambassadorship and referral opportunities.

“We are excited for the new V3.0 vision, our move to Binance Smart Chain, and the latest upgrades that we can offer to merchants who use our payment solution,” says Yoav Dror, CEO of PumaPay. “With our new liquidity pools, bridge, and decentralization model, we believe PumaPay is creating, as the first crypto payment solution on BSC, a model system for others to follow should they opt to shift from Ethereum to Binance.