FIAT

Velocity Labs has announced a fiat-to-crypto onramp using the Ramp Network through the integration of the Asset Hub.  The crypto onramp will allow Ramp to service any chain parachain in the Polkadot ecosystem.  A New Fiat To Crypto Onramp  Fiat to crypto onramps have always been a pain point when it comes to DeFi (decentralized finance) accessibility. However, this issue was identified quite early on, and builders have been working with regulators, credit card issuers, and other payment infrastructure. With…

[PRESS RELEASE – Zug, SWITZERLAND, April 25th, 2024] Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem. Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card…

Spacewalk Bridge has launched on the Pendulum chain, offering users of Stellar and Polkadot a trust-minimized connection for efficient transfers of stablecoins and tokens. The bridge will connect DeFi applications on both chains to forex markets, opening up new markets, especially in the developing world where Stellar has a significant presence. Spacewalk Bridge is now live! A year after it was first reported, the bridge has launched to connect two of the world’s most robust blockchain networks—Polkadot and Stellar. Spacewalk…

To trade crypto, you must find a reliable and secure fiat-to-crypto trading platform. These exchanges differ from crypto-only platforms in their offerings, requirements, and, most importantly, their ability to convert fiat currency to crypto. In addition, fiat-to-crypto exchanges must adhere to strict regulatory requirements in most regions to accomplish this task. These requirements can make the signup process a bit more tedious and increase consumer protections. Today, fiat-to-crypto trading platforms are very popular. With so many options to choose between,…

In the 2021 budget, the government seeks to ban all private cryptocurrencies during the parliament budget session. According to a bulletin of the lower house of parliament, they will also put the structure for the digital currency issued by the Reserve Bank of India, allowing specific exceptions to promote blockchain, the underlying cryptocurrency technology it uses. The central bank is looking into the need for a digital version of the fiat currency and implementing it. The new bill has been…

With investors losing faith in fiat currencies and traditional payment systems, many argue that cryptocurrency, particularly bitcoin, is a viable replacement, and it has changed the concept of money.  Some companies worldwide are already accepting crypto payments. Even PayPal has integrated cryptocurrencies like Bitcoin and Ethereum into its payment network and is set to allow customers to use them for purchases later this year, a move that could foster mass adoption.  Crypto Not A Proper Currency However, Paul Donovan, chief…

Scams, Ponzi Schemes, and The Crypto Market Scamming is the elaborate process of taking advantage of uninformed individuals or organizations and using their ignorance to get away with their money. Scamming has always been prevalent anywhere money or wealth is involved. Since scams are everywhere, the area of cryptocurrency and blockchain is no different. Cryptocurrency scamming techniques vary in degree and complexity. The new and enthusiastic investor is easily discouraged by the overwhelming amount of information they need to consume…

The approval for mainstream use in cryptocurrency remains a central theme, and crypto debit cards have been adopted as a great way to bridge the gap between traditional finance and digital currencies. These cards have introduced significant transaction speed, privacy, cost, and convenience improvements. Crypto debit cards have eased the combination of cryptocurrency and fiat currency, where cardholders can make transactions and payments at restaurants, cinemas, retail outlets, and other places. In addition, when spending cryptos, you often don't require much-specialized…

Over a decade ago, the first cryptocurrency to permit secure transactions (bitcoin) changed the fintech world. It is based on cheap peer-to-peer transactions and is designed to be completely decentralized.  This digital evolution was set up to eliminate the centralized model of managing finances that monopolized the industry. However, a virtual currency based on blockchain technology has remained in the speculative emerging finance growth category over the years. That means we are still heavily reliant on the traditional financial systems…