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PR Newswire

UnionPay Provides Tuition Fee Payment Refund to Encourage International Students to Pay Online and Stay Safe

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SYDNEY, Aug. 27, 2021 — In response to the back-to-school season, UnionPay International ("UPI"), a leading global payment services provider, has launched a campaign offering a refund of AUD 68 for tuition fee payments over AUD 6,800 to Australian universities.

The campaign runs from July 16 to October 31, 2021, and students can simply use the "Australia Payment" service in the UnionPay App to pay and claim refunds. Cardholders with the same device, ID, phone number, or bank card can only redeem the refund once. For more details, please visit here. Besides tuition fees, UPI cardholders can also pay utilities, car rego, fines, and government rates here.

As many international students are unable to return to campus or even unable to travel to Australia, this campaign offers an alternative and effective way to pay their tuition fees and encourages staying safe during the pandemic. Since the campaign went live on July 16, UPI has experienced a surge of 269% in transaction volume during the first two weeks.

For some cardholders that are unable to travel to Australia to attend lectures, they can pay remotely with automatic conversion using UnionPay’s official real-time exchange rate.

"Partnering with local finance institutes ChinaPayments and BPAY, the cooperation was first introduced in 2020, and soon received highly positive feedback. Now with new school year starting, we are happy to launch a refund campaign to encourage students to make their payments safer and more convenient," said Jian Jiangtao, head of UnionPay International South Pacific Branch.

UPI will continue to gain insights into market changes, respond to the emerging needs of the Australian market, extend partnerships with local institutes, and promptly launch campaigns and offerings that meet the increasing demands for its cardholders.

About UnionPay International

UnionPay International (UPI) is focused on the growth and support of UnionPay’s global business. In partnership with more than 2400 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 70 countries and regions, covering over 63 million merchants. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

Related Links :

http://www.unionpayintl.com

PR Newswire

Douugh launches integrated commission-free wealth management service

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Diversified portfolios managed by experts for investing towards your long-term financial goals – helping you grow your money and improve your financial health.

SYDNEY and NEW YORK, Aug. 25, 2021 — Douugh, (ASX: DOU) the purpose-led fintech company on a mission to help Americans autonomously manage and grow their money to live financially healthier lives, today announced the launch of Douugh Wealth, which democratizes access to investment solutions by combining human expertise and state of the art technology integrated into its smart bank account.


Douugh Wealth Portfolio Jars offer investment solutions for personal investing goals so customers — whether first-time or seasoned investors — can live financially healthier lives and grow their long-term wealth in an appropriate, low-cost, diversified portfolio based on their risk appetite for each of their long-term savings goals.

Douugh Wealth’s unique combination of human expertise and technology puts customers’ financial goals at the center of the investment strategy to help get them through good times and bad by seeking to minimize market risks and maximize returns, all with no brokerage or management fees.1

"The launch of the Douugh Wealth proposition is a critical milestone on our journey to becoming a truly ‘responsible’ financial super app — helping customers autonomously manage and grow their money to live financially healthier lives," said Douugh Founder and CEO Andy Taylor.

"For too long, sophisticated wealth management has been a privilege reserved for the top 1%. Douugh Wealth democratizes the path toward financial health for everyone regardless of where they start their wealth journey. As a fiduciary platform that puts customer goals at its centre, our customers can be confident Douugh has their best interests in mind regardless of the size of their portfolio."

In a recent DriveWealth report, 33% of Americans said they would increase investing post-pandemic, but 45% said the pandemic had set back their long-term financial security. And with interest rates at an all-time low, Douugh Wealth has launched at the perfect time to build customer wealth autonomously, while helping each individual reach their goals.

"At Douugh, we know that investing can be hard, time consuming, expensive and even sometimes scary so we want to give our customers the best opportunity to grow their money, achieve their goals and improve their overall financial health," said Douugh Head of Wealth Tom Culver. "Since we’re all more likely to do something if we’re engaged, we’ve also designed Dough Wealth to be personalized, goals-based, and engaging to ensure customers get the most out of learning how to invest in their future."

Douugh Wealth’s Portfolio Jars offers investors a choice between Core or Sustainable portfolios with Conservative, Moderate, or Aggressive options, curated by Douugh’s investment team.

"Douugh Wealth’s core investment philosophy is straightforward and based on the understanding that the generation we belong to will be forever influenced by a rapidly changing path adapting to technological innovation and sustainability factors on an almost daily basis," said Culver. "A well-diversified, balanced portfolio tilted to emphasize exposure to innovative and highly defensible technology and sustainably focused themes may lead to superior long-term investment returns."

As part of its core mission, Douugh educates customers how to manage and grow their money in a responsible way by investing and committing to long-term wealth goals. Douugh’s unique approach to financial management provides a holistic and consolidated dashboard for everything from budgeting to investing in one app, putting customers’ finances on autopilot so they can enjoy financial freedom.

To reinforce good money habits and financial literacy, Douugh will provide regular updates and alerts that help educate customers about principles like compounding, diversification, asset allocation and risk management, while gamifying the investment process. 

About Douugh

Douugh is the purpose-led fintech company on a mission to help customers autonomously  manage and grow their money to live financially healthier lives. Douugh was founded in 2016 by Andy Taylor, co-founder of SocietyOne, Australia’s first and leading P2P Lending platform. Passionate about the power of technology to disrupt the banking industry and empower individuals, Andy and Douugh believe the current business model operated by banks is outdated and have developed a radically new banking model centred around software that helps users achieve financial freedom.

Douugh USA, LLC is a financial technology. The Douugh bank account and debit card are issued by Choice Financial Group, Member FDIC. Douugh Wealth, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission. Investments are SPIC insured up to the value of $500,000. Investing in securities involves risk and there is always the potential of losing money, past performance does not guarantee future performance.

The information contained in this communication is provided for general informational purposes only, and should not be construed as investment advice. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Douugh Wealth, LLC endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Media contact:
douugh@dittopr.co

1 To access products and services provided by Douugh Wealth LLC clients will need to pay Douugh’s financial fitness membership fee of $4.99/month.


 

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PR Newswire

Visa and Ascenda partner on next-gen loyalty and rewards in Asia Pacific

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As consumer expectations around their rewards evolve, Visa and Ascenda will offer banks and fintechs a new solution to get loyalty programs up and running in a fraction of the typical lead time

SINGAPORE, Aug. 24, 2021 — Visa, the world leader in digital payments, today announced a strategic partnership in Asia Pacific with Ascenda, the loyalty technology company. The payments network will be first globally to leverage Ascenda’s new Nexus platform, which will enable Visa’s partners to adopt a comprehensive new rewards program for their customers.

Reward programs continue to evolve as consumer preferences and behaviours change, in line with larger trends on how people shop. The rise of eCommerce has created new habits and opportunities to engage before, during and after the transaction. The increased role that data plays in the average consumer’s day has led to greater expectations around receiving personalised rewards instead of a general set of benefits. And during the COVID-19 pandemic, traditional benefits like air miles have been less easily used.

With this backdrop of a changing environment, the Visa and Ascenda partnership means card issuers, like banks or fintechs, can deploy rewards programs that are easy to implement and use, in a fraction of the typical lead-time. The digital rewards portal powered by Ascenda comes with offers and promotions from leading merchants via Visa Offers Exchange and Ascenda’s global network.

Rapid implementation of the new platform is possible because the traditional integration points required for new loyalty solutions are removed. By leveraging Visa’s latest API services, Ascenda authenticates customers securely and identifies payment transactions that are eligible for rewards – with minimal action required from the issuer.

Chris Clark, regional president, Asia Pacific, Visa, said, "As Visa evolves our business beyond cards, reward programs are becoming more digital, more engaging, more personalised, and easier to adapt to new opportunities. Our partnership with Ascenda ensures Visa is able to deliver loyalty platforms that match the pace of digital adoption our bank and fintech partners need."

"Visa and Ascenda already have a strong track record of partnering to equip top-tier banks with leading customer engagement solutions," said Sebastian Grobys, chief commercial officer at Ascenda. "With Visa now leveraging our new Nexus model and integrating Visa’s existing engagement solutions for rapid deployment, we are unlocking significantly greater scale for our collaboration going forward."

The Visa-Ascenda rewards solution is being rolled out progressively across Asia Pacific.

About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network — enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

About Ascenda
Ascenda is a global fintech that makes customer engagement simple by powering rewards technology and payment propositions for leading financial services brands.

Ascenda delivers fully-digital, intuitive and easy-to-deploy loyalty solutions that enable banks to build deeper customer relationships across the entire banking relationship. The company serves financial services clients in more than 40 markets including many leading banks such as HSBC, Barclays, Standard Chartered and Capital One as well as disruptors such as Virgin Money Australia’s new digital bank.

For more information about Ascenda, please visit ascendaloyalty.com.

PR Newswire

Y Combinator-Backed Lofty AI Launches Tokenized, Liquid Marketplace for A.I.-Vetted Real Estate on Algorand

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LOS ANGELES, Aug. 20, 2021 — Lofty AI today announces the launch of its liquid real estate marketplace on the Algorand blockchain, including the introduction of a sixth tokenized property listing as it gains momentum in disrupting access to real estate ownership. Lofty AI’s model allows anyone to become a direct owner in real estate and earn rental income for as little as $50 per token and in as few as five minutes, made possible with its blockchain-based solution on Algorand. Unique to Lofty AI, properties listed within the marketplace are vetted by both their local investment team and proprietary artificial intelligence, designed to more accurately evaluate market indicators that drive appreciation, including social media data, retail trends, and more.

Lofty AI’s mission is to bring liquidity and accessibility to the notoriously illiquid real estate market. Algorand’s blockchain technology enables this via minimal transaction fees, advanced smart contracts that allow for the automation of many functions, and industry-leading transaction throughput speed. These factors allow investors to participate with significantly lower minimums and to liquidate their investments at any time of their choosing, thereby reducing risk.

Property tokens on Lofty AI can be purchased via credit card or ACH transfer, and soon, will be eligible for purchase using Algorand-based currencies. Rental income is distributed to owners in USD, with forthcoming options for rental income to be sent directly to a user’s Algorand wallet.

"We believe that real estate investing should not just be reserved for the ultra-wealthy. Our team ran into this issue when investing in real estate personally, so we set out to create a platform that makes it super easy to invest in vetted properties in minutes, for only $50," said Max Ball, COO of Lofty AI. "Building on top of Algorand was a no-brainer for us––honestly it was probably the easiest decision we’ve had to make so far."

"We are excited about Lofty AI’s success on Algorand, and congratulate them on today’s sixth tokenized property launch," said David Markley, Director of Business Solutions at Algorand. "We believe that blockchain technology is the key to democratizing finance, including real estate investment opportunities, and have designed our protocol to facilitate the ease of use, speed, scalability, and true decentralization needed to enable this future."

The sixth property to be listed on the Lofty AI marketplace goes live today, with 2509 tokens available for investment.

About Lofty AI
Lofty AI lets people invest in tokenized investment properties for only $50. All properties are vetted by their local investment team and proprietary artificial intelligence, and tokens can be sold anytime for no penalties or fees. Lofty AI has raised over $5M in total funding and is backed by leading investors including Y Combinator, Rebel Fund, Jason Calacanis, Hustle Fund, and more.

About Algorand Inc.
Algorand is building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for defi, financial institutions and governments to smoothly transition into FutureFi. The technology of choice for more than 700 global organizations, Algorand is enabling the simple creation of next generation financial products, protocols and exchange of value. For more information, visit www.algorand.com.

Media contact:
Lofty AI
Max Ball
max@lofty.ai

Algorand, Inc.
algorand@dittopr.co

Related Links :

http://www.algorand.com

PR Newswire

TIAN RUIXIANG Holdings Ltd Partners with Beijing Puyuan Technology Co., Ltd. to Develop Intelligent Sales and Customer Service Systems

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BEIJING, Aug. 13, 2021 — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today it has entered into a strategic cooperation agreement (the "Agreement") with Beijing Puyuan Technology Co., Ltd.("BPTC"), an innovative financial service platform solution provider in China, on August 2, 2021, to develop its intelligent sales and customer service systems.

Pursuant to the Agreement, the Company agrees to give BPTC access to its insurance management platform, and BPTC agrees to provide the Company with customized artificial intelligence development services and assist the Company in building its intelligent customers service and sales systems. The parties may enter into separate service contracts in the future to determine the specific terms and services to be provided under the Agreement.

Mr. Zhe Wang, Chairman of the board of the directors and Chief Executive Officer of the Company, commented, "We are excited to partner with BPTC  as we continue to make progress in our long term strategy of upgrading and optimizing our systems to provide customers with more value-added services. We plan to build our own intelligent sales and customer service system which can help maximize profitability, increase operation efficiency, and improve customers satisfaction. Looking forward, we expect to seize the opportunity presented by the accelerating digital transformation of the insurance industry, and utilize our cooperation with BPTC to deliver more products and  services for our customers."

About Beijing Puyuan Technology Co., Ltd.

Established in February 2019, Beijing Puyuan Technology Co., Ltd. engages in exploring and deepen the practice and application of technology in financial institutions. The founding team of BPTC all graduated from top tier universities in China and aboard including Tsinghua University and Chinese Academy of Sciences. They have many years of working experience in domestic and foreign financial institutions and first-line Internet companies, and have in-depth understanding and practical experience in quantitative trading, artificial intelligence and associated fields. BPTC has built a number of products including the Caiduoyi Wealth Integrated Service Platform, Prism Investment Advising Exhibition System, Prism Smart Wealth Management Robot and Traderslink Quantitative Trading System. BPTC provides wealth institutions with a complete solution from investment research to transaction, from customer acquisition to conversion, which improves the service efficiency of investment advisory services and improves the comprehensive experience of investors. For more information, visit the company’s website at https://www.puyuan.tech/index.

About TIAN RUIXIANG Holdings Ltd

TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) life insurance, such as individual and group life insurances. Additionally, the Company also provides risk management services to institutional customers. For more information, visit the company’s website at http://ir.tianrx.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For investor and media enquiries, please contact:

TIAN RUIXIANG Holdings Ltd
Investor Relations Department
Email: ir@tianrx.com 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com 

 

 

PR Newswire

Cross-border Payments Company Currenxie Closes USD 10 Million Series A Fundraising

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Fundraising reinforces the need for cross-border solutions that enable a new era of global commerce.

HONG KONG, Aug. 12, 2021 — Currenxie, the Hong Kong headquartered cross-border payments company, today announced that it has successfully closed a USD 10 million Series A funding round led by family office BF Belmont. 

While global travel has slowed down due to the ongoing COVID-19 pandemic, the demand for cross-border trade and global eCommerce has increased. However, traditional payment solutions remain expensive, restrictive and cumbersome to most businesses, both big and small. Innovation is needed to improve the situation, which Currenxie is well placed to continue providing with the proceeds from the fundraising.

Predominantly self-funded by Goldman Sachs alumni and co-founders, Riccardo and Alison Capelvenere, the latest capital injection will allow Currenxie to accelerate its vision of empowering businesses to access global commerce. The funds will be used to focus on building new products, acquiring new licenses and authorisations, expanding into new markets and accelerating recruitment. The firm sees these goals as intertwined in enabling its clients to achieve global growth. Currenxie will also be welcoming Gordon Kwong, a former Partner of a big four international accounting firm, to its board, as the official investor representative. 

Riccardo Capelvenere, Founder and CEO of Currenxie, said: "From the start, we have focused on building a platform that will give our clients access to a truly borderless economy. Thanks to BF Belmont, we’re now able to accelerate our global growth and expansion plans – creating more value that will be transferable to our clients. The demand for seamless cross-border solutions will only increase, and our high calibre team is ready for this opportunity."

"With their many decades’ worth of experience, the Currenxie team has developed an impressive plan for the future of payments – one that will capture the global growth in eCommerce," said Gordon Kwong, the newly nominated Director of Currenxie. "The combination of their proprietary technology, network and infrastructure demonstrates their readiness to succeed in – and shake up – the cross-border payments ecosystem and set a new standard within the financial industry. We’re excited to be a part of this journey."

ABOUT CURRENXIE

Founded in Hong Kong in 2014, Currenxie’s cross-border payments and business account solutions offer businesses of all sizes a seamless online alternative to traditional banking, breaking down the financial barriers that prevent them from growing their operations on the world stage. Currenxie has built one of the largest virtual account networks in the B2B fintech space, spanning 10 jurisdictions, 30 countries and 18 currencies. The Currenxie Global Account® platform – the company’s cloud-based core banking system – allows funds to flow freely across its banking network, in real-time, without costly cross-border fees. Access global commerce with us: www.currenxie.com

Related Links :

https://www.currenxie.com/

PR Newswire

PaySett Corporation expands its regional payments partnership with Republic Financial Holdings Limited.

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PaySett’s market proven PayBank® and PayCorp® payment solutions will provide key infrastructure to support the bank’s Caribbean expansion.

ATLANTA and PORT OF SPAIN, Trinidad and Tobago, Aug. 10, 2021 — PaySett Corporation a global provider of ePayment solutions and Republic Financial Holdings Limited (RFHL) announced today an expansion of their partnership to include RFHL’s subsidiaries in the Eastern Caribbean and Sint Maarten. The partnership is expected to continue to increase electronic payments adoption in the region.

Nigel M. Baptiste, President of Republic Financial Holdings Limited.
Nigel M. Baptiste, President of Republic Financial Holdings Limited.

PaySett’s CEO Benny Cooley commented, "Global and Regional financial institutions like RFHL are leading the way in financial services by standardizing payment software processing across multiple regions.  PaySett provides software products PayBank® and PayCorp® to standardize electronic payment processing for regional banks utilizing the bank’s own internal cloud infrastructure environment. This allows a financial institution to better manage operational costs and to streamline the movement of money throughout its organization for their clients."  PayBank® and PayCorp® are part of a suite of products from PaySett that allows for the processing of consumer, corporate, and government payments in a real time or batch environments. According to Mr. Cooley, "We have been collaborating with RFHL for over a decade bringing innovation to the payments space and we are very excited about further collaboration in the Caribbean region."

Nigel M. Baptiste, President of Republic Financial Holdings Limited stated that "PaySett’s suite of products will provide the wider RFHL Group with a world class, secure, payment processing infrastructure which will enhance the speed and efficiency of our service to our many clients, including those in the Eastern Caribbean and Sint Maarten." 

About PaySett Corporation

Atlanta, Georgia based PaySett Corporation is a global provider of payment software solutions in twenty countries. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advanced payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities.  Twelve of the top twenty global banks process payments through PaySett software.

PR Contact

David R. Pulido
E-mail: dpulido@paysett.com 
Tel: + 1 (404) 812-5367 
www.paysett.com

 

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PR Newswire

Deloitte Named a Leader in 2021 Gartner® Magic Quadrant for Public Cloud IT Transformation Services

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NEW YORK, Aug. 10, 2021 — Gartner®, one of the world’s leading information technology and advisory companies, has positioned Deloitte in the Leader quadrant, with the highest ability to Execute and Furthest Completeness of Vision, in its August  2021 report titled, Gartner Magic Quadrant for Public Cloud IT Transformation Services.

This is a new Magic Quadrant™ replacing Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide where Deloitte was also a Leader in 2020 and 2019.

Deloitte’s deep domain experience and strong business-led, cloud-enabled perspective, coupled with its world-class technology capabilities, modern delivery approach, and cyber and tax solutions, helped to receive this recognition.

"We believe this decade will see unprecedented changes fueled by cloud and technology innovation," says Ranjit Bawa, Principal and US Cloud Leader, Deloitte Consulting LLP. "The cloud is a catalyst for transformation, and we are delighted that Gartner recognized Deloitte’s unique ability to bring domain depth and an engineering-led approach to modernize and build products and create new businesses that position our clients for sustained leadership." 

"We are very proud of this recognition of Deloitte’s leadership in cloud; we continue to invest heavily in developing innovative solutions to catalyze cloud-based business transformations at our clients," says Sam Balaji, Deloitte Global Consulting Leader. "Deloitte continues to scale its digital transformation capabilities globally, and we are excited to further empower Deloitte clients to leverage cloud’s full potential to grow and thrive."

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. (this will be soon updated in our Policy as well)

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the "Deloitte organization") serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 330,000 people make an impact that matters at www.deloitte.com.

For more about Deloitte Analyst Relations, please visit our Analyst Recognitions page.

PR Newswire

OKEx lists Efinity’s EFI, furthering support for NFTs following March listing of Enjin

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VICTORIA, Seychelles, Aug. 9, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the listing of Efinity’sEFI, the first paratoken on the Efinity network. EFI is specially designed to be the next-generation blockchain solution for NFTs. EFI deposits, withdrawals and spot trading for EFI/USDT are all now available on the OKEx platform.

OKEx
OKEx

Efinity, launched by Enjin, is an NFT blockchain built on Polkadot, which aims to make the increasingly popular NFT marketplace accessible and scalable for its users. Enjin pioneered the development of NFT platforms in 2017 when they created the advanced ERC-1155 NFT standard. Announced back in March, Enjin was launched after an $18.9 million private sale. Designed to provide a seamless experience for the end-user, a special algorithm was set in place to enable the game-channel network to process transactions every six seconds, and it can scale up to 1,000 transactions per second.

On the listing of Efinity, OKEx CEO Jay Hao commented:

"We are extremely excited to be adding Efinity to our growing portfolio of tokens. As the NFT markets continue to gain momentum, we are pleased to see wider adoption of blockchain technology across mainstream activities, with gaming being one of the fastest-growing sectors."

For more information, please visit here.

About OKEx

Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally. In addition to the exchange, it serves its users with OKEx Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry. With its extensive range of crypto products and services, its unwavering commitment to innovation, and its local operations to serve its users better, OKEx strives to eliminate financial barriers and realize a world of financial inclusion for all.

Follow OKEx

Twitter: https://twitter.com/OKEx
Facebook: https://www.facebook.com/okexofficial/
LinkedIn: https://www.linkedin.com/company/okex/
Medium: https://medium.com/@OKEx
Telegram group (English): https://t.me/OKExOfficial_English

PR Newswire

The hi Dollar (HI) Lists on UNISWAP

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Withdrawals Enabled Along with Listing on the World’s Largest Decentralized Exchange

SINGAPORE, Aug. 9, 2021 — hi, a not-for-profit fintech bridging the divide between traditional fintech and crypto, has enabled withdrawals of hi Dollars (HI), the hi Platfrom’s membership token, and announced the listing of HI on Uniswap, the world’s largest decentralized exchange. This comes shortly after creation of the hi Dollar token on August 1 and the initial minting of 351 million tokens. 

The hi Dollar entitles members to benefit from a growing number of financial services provided by hi. Members will earn great rates, send funds, make payments, and exchange both traditional and crypto currencies with no added fees and no markups. hi recently launched its web app (web.hi.com) and will soon release a mobile app. 

HI is an ERC-20 (based on the Ethereum blockchain) making listings on both decentralized and centralized exchanges easier.  The hi Dollar is not a stablecoin and this listing is the beginning of the public trading of the token. 

hi is committed to transparency and has placed the token addresses of all corporate wallets in the whitepaper (available at hi.com). The transparency of the Ethereum blockchain also means that users will be able to see new mints and the distribution of tokens. 

"This is another key milestone for hi. Having gained nearly 800,000 members in under three months, this listing marks the beginning of public trading of the hi Dollar. Will will seek further listings in due course," said Sean Rach, Co-founder of hi. "With our focus on mass adoption, we look forward to enabling credit/debit card purchases soon and can’t wait to share our mobile app with our growing community."

About hi
hi is leveraging blockchain technology to build services that are community powered. Members of hi are the key stakeholders of this ecosystem and the business is committed to maximize membership value – not profits. Our first product is a digital wallet that provides members with the most seamless payment experience via social messengers (initially Telegram and WhatsApp, next LINE, Facebook Messenger and others). Learn more and get hi at hi.com.

Media Contact: Dan Edelstein, PR@marketacross.com

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