Yield App acquires structured product provider Trofi Group
Yield App has acquired Trofi Group, a platform that offers structured product solutions for cryptocurrencies, in response to growing investor demand for enhanced yield investment opportunities. The acquisition adds four new structured product strategies to Yield App’s product suite that offer the opportunity to capture upside across a range of market conditions.
The move positions Yield App as one of the leading digital wealth platforms on the market that acts as a crucial gateway to the digital asset space through sophisticated products. The team at Trofi Group has a combined 30 years of experience working on the derivatives desks at HSBC and J.P. Morgan. They will join Yield App in building out best-in-class crypto structured products that meet the same rigorous standards as their traditional finance equivalents.
Commenting on the acquisition, Tim Frost, CEO of Yield App, says: “The acquisition of Trofi Group establishes Yield App as a pioneer within the crypto structured products arena, making us one of only a few platforms to bridge the gap between traditional finance and crypto.”
“We are grateful to the team at Trofi for trusting us to continue their excellent work in bringing enhanced yield structured products to crypto. We look forward to leveraging the team’s vast experience to expand Yield App’s suite of digital wealth management solutions.”
Following the acquisition, Yield App will be launching “Trofi, powered by Yield App”: a beta version of a dedicated investment app. The app will allow access to Yield App’s first crypto structured products through four different strategies, with additional products to be unveiled in line with market demand.
- Dual currency provides investors with the opportunity to acquire a cryptocurrency at a lower price at a predetermined point in the future, while also earning yield.
- The Range structured product allows investors to generate yield with a view that markets will remain within a specified price range.
- Sharkfin is designed for investors with a moderately bullish view on future prices, and pays a guaranteed minimum coupon with the potential to generate a high yield at maturity.
- The Target product is designed for investors with a bullish view on the future price of a cryptocurrency, with the potential to earn a high yield.
Chief Investment Officer of Yield App, Lucas Kiely, adds: “Structured products have been a core offering under wealth management for years. But in crypto, structured products have not yet gained the prominence they have in traditional finance.”
“As cryptocurrency markets mature, we find ourselves at a perfect inflection point to introduce digital asset structured products that are built with the same methodology and benefits as an exciting alternative for investors with different risk appetites and objectives.”
About Yield App
Yield App is a digital wealth platform that offers safe custody of digital assets, or allows customers to exchange and earn on their assets in return for market-leading rates. Its mission is to safely unlock the full potential of digital assets, combine them with the most rewarding opportunities available across financial markets and make these available to the masses.
Yield App’s innovative technology platform seamlessly bridges traditional and decentralized finance in the easiest way possible and is supported by Yield App Labs, a dedicated in-house research and development arm, backed by a highly experienced, best-in-class DeFi team. Yield App Labs collaborates with and invests in Web3 projects that share Yield App’s vision for a permissionless future.
Quarterly Cash Dividend Announced By Vortex Brands from Bitcoin Mining Operations
Vortex Brands Co., a leading provider of cryptocurrency mining services, is pleased to announce a quarterly cash dividend for its shareholders from its Bitcoin mining operations.
The dividend payment represents $0.000006 per share and will be distributed to shareholders of record as of May 1, 2023 snd paid on June 15, 2023.
“Providing value to our shareholders is a top priority for us, and we are delighted to continue this tradition of distributing cash dividends from our Bitcoin mining operations,” said Todd Higley CEO Vortex Brands. “As the cryptocurrency market continues to grow, we remain committed to expanding our mining capabilities and generating sustainable returns for our investors.”
Vortex Brands is a leading provider of cryptocurrency mining services, offering a range of solutions for individuals and institutions seeking exposure to the rapidly growing digital asset bitcoin. With a focus on sustainability, innovation, and operational excellence, Vortex Brands is committed to delivering long-term value to its stakeholders.
As always, the Company seeks to provide as much transparency about it bitcoin mining operation as possible, here is the link to our wallet which can be viewed by shareholders:
About Vortex Brands Co.
The Company operates as Technology Holdings Company that focuses on cryptocurrency sector, particularly Bitcoin Mining. Additional information is available by visiting company’s website at www.vortexbrands.us or on twitter at https://twitter.com/Vortexbrands.
Sortium Joins UC Berkeley’s Blockchain Xcelerator Program
Sortium, the pioneering Generative AI & Web3 entertainment technology provider, announced today that they have been accepted into the UC Berkeley Blockchain Xcelerator program, which aims to accelerate the adoption of blockchain technology globally. The program provides non-dilutive support for selected teams, offering access to resources both on and off campus, including education, mentorship, networking opportunities, pitch coaching, and investor meetings.
Sortium’s inclusion in the program is a testament to its groundbreaking technology and innovative approach to showcasing the capabilities of generative artificial intelligence systems, web3, and dynamic private economic systems. With a team of web3 engineers, artificial intelligence engineers, and a full game studio, Sortium is uniquely positioned to help potential partners and clients understand what these technologies can accomplish. Their focus aligns perfectly with the program’s mission to accelerate the adoption of blockchain technology globally, as they showcase the capabilities of generative artificial intelligence systems, web3, and dynamic private economic systems.
“We are excited to be part of the Berkeley Blockchain Xcelerator program,” said Sortium Founder and CEO, Marc Seal. “Our focus is on showcasing our technological framework to potential partners and clients, and the program provides us with a unique opportunity to access a global ecosystem of scholars, investors, and mentors to help us achieve our goals.”
The Berkeley Blockchain Xcelerator program is located at UC Berkeley’s Center for Entrepreneurship in the School of Engineering, which is just 30 minutes away from San Francisco and an hour away from Silicon Valley. The program offers a unique opportunity for entrepreneurs and researchers to access a global ecosystem of scholars, investors, and mentors, thereby accelerating the development and adoption of blockchain technology.
Sortium joins a growing list of companies and organizations that have participated in the Berkeley Blockchain Xcelerator program, including AnChain, Bitmark, PlayTable, Plasm Network, Web3 Foundation, Algorand Foundation, Tezos Foundation, and Ripple. The program provides a range of resources and support to help these companies and organizations advance their technology and bring their solutions to market.
For more information about Sortium, please visit them at www.sortium.com.
Sortium empowers users with the full capabilities of a professional game and virtual production team through its innovative Sortium AI platform. As the creative director, simply instruct your AI Assistant using natural language, and watch your imagination come to life. Sortium, a trailblazing Generative AI & Web3 tech provider, revolutionizes gaming and virtual production by harnessing generative artificial intelligence, Web3, and dynamic private economic systems to create unparalleled experiences and true ownership of tokenized content.
Pioneering advancements in Entertainment, Artificial Intelligence, Simulation, and web3, Sortium transforms how enthusiasts engage with and own their digital assets, making blockchain technology accessible to all. Trusted by renowned brands such as Disney, Marvel, Lucasfilm, MLB, UEFA, and Topps, Sortium’s founders excel in crafting tailored web3 platforms, propelling these brands into the future of digital interaction, ownership, and community. Explore the potential of Sortium at www.sortium.com.
GMO-Z.com Trust Company Partners with Komainu to Offer Institutional Custody for Regulated Stablecoins GYEN and ZUSD
GMO-Z.com Trust Company, Inc. (“GMO Trust”) has partnered with Komainu, a regulated digital asset custody service provider built by institutions for institutions, to offer secure and compliant institutional-grade custody services for GYEN and ZUSD, the regulated Japanese yen (“JPY”) stablecoin and the U.S. Dollar (“USD”) stablecoin.
GYEN and ZUSD are the regulated JPY stablecoin and USD stablecoin approved by the New York State Department of Financial Services (NYDFS) and are 1:1 backed stablecoins with assets held at FDIC-insured banks.
As a regulated, institutional-grade digital asset custodian, Komainu provides the same safeguards and protections that investors are accustomed to in traditional finance. This partnership enables institutional clients to leverage the regulated stablecoins ecosystem under the highest standard of compliant custody framework to consolidate and interact with digital assets.
Ken Nakamura, CEO of GMO-Z.com Trust Company, Inc., said: “Komainu provides more than just a secure custody service – their comprehensive legal compliance and the flexibility of easy access are incomparable. We believe bridging the regulated JPY and USD stablecoins with the most advanced compliant custody solutions will pave an innovative way for institutional clients to explore leveraging digital assets. We are particularly excited to collaborate with a company with shared Japanese heritage and hope that this will develop our respective franchises in the APAC region as well as globally.”
Darren Jordan, Head of Sales of Komainu, said: “This was a logical partnership given that we are a regulated entity with Japanese roots. Our institutional-grade hybrid wallet infrastructure allows us to support one of the widest blockchain and token offerings in the market and we are particularly excited about increasing stablecoin demand with a lot of opportunities outside of USD stablecoins in particular.”
Komainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is Regulated by the Jersey Financial Services Commission (JFSC) and Dubai Virtual Assets Regulatory Authority (VARA). For more information, please visit https://www.komainu.com
About GMO-Z.com Trust Company
GMO-Z.com Trust Company, based in New York, is a limited purpose trust company, regulated by the New York Department of Financial Services. Issuing the first regulated JPY stablecoin “GYEN”, and a trusted USD stablecoin “ZUSD”. GMO-Z.com Trust is on a mission to bring traditional finance into the digital age with blockchain services. For more information on GMO-Z.com Trust Company, Inc., visit https://stablecoin.z.com.
Aegis Custody Launches Best-In-Class Digital Asset Custody Platform for Qualified Custodian Gateways
Aegis Custody, a digital asset custodian offering regulatory compliant solutions and custody services for digital assets and Web3 on-chain transactions, announced today the release of its proprietary MPC based custody platform, Aegis Vault. It has been designed and optimized to provide industry-leading security for its customers as a two-directional custodial solution and regulatory gateway connecting clients to Web3 services, and offers transaction speeds of just 1-2 hours from cold storage, compared to the 48 hours provided by industry players.
One of the biggest challenges financial institutions face is ensuring compliance with Know Your Customer (KYC) regulations, which is a time consuming administrative burden on participants. The Aegis Vault platform is a proprietary private key management and custodial solution coupled with an easy to use onboarding tool, which simplifies the management of KYC processes for customers. Customers can seamlessly interact with the company through the new platform’s intuitive graphical user interface (GUI), streamlining workflows that allow Aegis Custody to expand its support for a range of digital asset networks.
Aegis Vault is customized for Web3 activities and provides regulated gateways to custodian-approved products and services including staking, liquid staking, DeFi, OTC and exchanges. The platform offers multi-point access to its custody service via GUI or application program interface (API). This allows the same custody functionality to be accessed by a range of applications, providing flexible and broad business opportunities. It also can serve as a regulatory gateway allowing self-custody MPC wallets or exchange custody products to offer regulated solutions by leveraging Aegis’ existing, insured and regulated custody workflow.
“The release of Aegis Vault represents a significant milestone for our company, as it gives our clients a platform to easily access all of the digital asset custody services Aegis Custody offers,” said Serra Wei, CEO of Aegis Custody. “We are excited to continue to develop solutions and services to help innovate the industry. I believe Aegis Vault positions us well to meet client needs as they navigate the ever-evolving crypto market and bridges the gap between digital asset services and safe, regulated platforms.”
In addition to Aegis Vault, the company also offers its Multisig Vault for standard crypto custody. While the new platform launch focuses on providing regulated gateways, the existing Multisig solution manages digital assets end-to-end, including onboarding, account openings and account suspension and requires unique multi-signature and policy-based approvals.
To demonstrate its commitment to industry-standard security protocols and controls, Aegis Custody engaged a third-party auditor to certify it is SOC2 Type 1 compliant. The comprehensive evaluation establishes that the company has undergone rigorous testing and confirms it can ensure the security, confidentiality, processing integrity and availability of customer data and systems. This added level of security provides peace of mind for customers who entrust Aegis Custody with their valuable digital assets..
To schedule a demo of Aegis Vault, please visit: https://aegiscustody.com/contact
About Aegis Custody
Aegis Custody is a US-qualified custodian through its entity Aegis Trust. The company offers institutional-grade blockchain-based custodial solutions for managing digital asset tokens, including DeFi, cryptocurrencies and NFTs. Aegis Custody services asset owners and investors on a global scale and offers client-centric technology infrastructure and regulatory compliant solutions. To help provide a sense of security for clients, Aegis Custody offers an additional layer of safety with an insurance policy from market-leading global specialty (re)insurer, Canopius, via Lloyd’s of London, making Aegis Custody one of the only custodians to offer specie insurance for NFTs. This policy, along with its SOC2 Type 1 attestation, empowers Aegis Custody to safeguard a broad range of digital assets for institutional investors, hedge funds, and exchanges, facilitating long-term industry growth and supporting blockchain ecosystems.
World-Leading Cloud-Mining Service Provider BitFuFu Launches ANTMINER Coupons Trading Function
On 21st February, BitFuFu will announce the launch of the ANTMINER coupons trading function at the WDMS conference. ANTMINER coupons are issued by the world’s leading miner manufacturer BITMAIN, which can be used to offset the purchase order amount of ANTMINER produced which was sold by BITMAIN, thereby reducing the cost of miners for investors and improving the return on investment efficiency. Currently, ANTMINER coupons can be transferred through the BITMAIN website, and miner investors can find relevant information on the Coupon Master, which is BITMAIN official forum.
BitFuFu’s launched coupon trading function to provide a formal platform for global miner investors to communicate, trade, and circulate ANTMINER coupons, so that traditional investors and new investors can obtain relevant information about coupons in a timely manner, and realize safer and more convenient coupons trading transactions, while avoiding the disturbance caused by fake coupons in the market.
Based on the Standardized trading process, interested investors can easily match the expected type and price of coupons through simple searching on BitFuFu to achieve efficient trading. For coupon holders, they can quickly dispose of idle preferential resources and obtain additional funds, allowing them to develop mining plans more flexibly. BitFuFu’s coupon trading function promotes the circulation of ANTMINER coupons, further improving their mining production and operation efficiency.
Built upon BitFuFu’s proprietary technologies, the coupon trading function on BitFuFu’s official website creates a secure and transparent trading platform for ANTMINER coupons trading and verification. BitFuFu believes that its strategic partnership with BITMAIN will help attract coupon holders and interested investors to its platform, creating traffic vortex to further promote transactions. The launch of the trading platform not only creates a market for coupon buyers and sellers, but also promotes the circulation of ANTMINER coupons and market activity. At the same time, it will also provide convenience for new investors to enter the mining industry, and promote capital increments and changes in the mining industry.
VALOUR VDAB10 becomes new benchmark index for crypto offerings at independent research provider MoneyMoon
Valour Inc. (the “Company” or “Valour”), is pleased to announce that its subsidiary Valour Inc. (Cayman) (“Valour Cayman”) VALOUR VDAB10 Index got selected as the benchmark index on MoneyMoon, one of the major European exchange traded product comparison platforms with far over 75,000 monthly active users.
According to independent research provider MoneyMoon, Valour’s ETP products are consistently delivering a higher performance compared to their peer group. VDAB10 (ISIN: CH1149139623) tracks the performance of the top 10 largest crypto assets based on a market capitalization with a cap of 30% for any constituent, providing investors a diversified exposure to the evolving crypto landscape.
“To ensure a full transparent comparison for the users of the app, we perform in-depth analysis to find the best benchmarks for each ETF/ETP category to guarantee a fair comparison within the ETF/ETP categories. In case of crypto basket ETPs, a lot depends on the weighting of the cryptocurrencies in order to avoid non-optimal diversification. In this respect Valour Digital Asset Basket convinced us in several dimensions to be the best benchmark,” said Imre Kiss Founder and CEO MoneyMoon.
“We are thrilled to be selected as the benchmark index on MoneyMoon and to have our products consistently recognized for their strong performance,” said Olivier Francois Roussy Newton, CEO of Valour Inc. “Our commitment to delivering the highest quality and most innovative ETP products has always been a top priority for us and it’s great to see our efforts paying off. We are proud to offer investors a diversified and high-performing exposure to the rapidly evolving digital asset space through our VDAB10 Index and our ETP products.”
Valour Cayman offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour Cayman’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), Valour Bitcoin Carbon Neutral, and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour Cayman’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.
The Company also announces that Mr. Russell Starr has elected to step down from his role as Executive Chairman but will remain as Head of Capital Markets. Olivier Francois Roussy Newton, CEO of Valour, will assume the role of Executive Chairman replacing Russell Starr.
Learn more about Valour and MoneyMoon at www.valour.com and www.moneymoon.eu
Valour Inc. (NEO: DEFI) (GR: RMJ.F) (OTCQB: DEFTF) is a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets and finance. Founded in 2019, Valour is backed by an acclaimed and pioneering team with decades of experience in financial markets and digital assets. Valour’s mission is to expand investor access to industry-leading Web3 and technologies. This allows investors to access the future of finance via regulated equity exchanges using their traditional bank account and access.
MoneyMoon is an independent european ETF/ETP platform. They preselect the most favourable exchange traded products for end users. The app can be downloaded in the App Store or Google Play Store. For more information, please visit www.moneymoon.eu
Concordium and Frontier multi-chain Wallet announce partnership to expose the Concordium blockchain to Frontier’s massive trader base
Concordium blockchain announces that it will be integrated with advanced non-custodial wallet Frontier, enabling the staking and delegation of Concordium’s native token, CCD, on the platform.
Available on mobile across both Android and iOS, and on web as a browser extension, Frontier is a multi-chain crypto & NFT wallet with DeFi aggregation capabilities on a mission to make DeFi, simple, secure, and mobile.
Frontier’s mission is to make DeFi simple, secure and mobile. Hence it allows users to seamlessly view, track and manage multiple wallets and DeFi portfolios across all platforms from a single interface, empowering them to buy, stake, earn, lend, borrow, swap, and bridge crypto assets across chains and dApps.
With NFTs, protocols, DeFi primitives, and support for 35+ chains – including Ethereum, Solana, Cosmos, Polkadot, Avalanche, the Binance Smart Chain ecosystem and all leading L2 scaling solutions, EVM and non-EVM chains, users no longer need to constantly switch between multiple apps and browser extensions to manage their multi-chain portfolios.
Other than performing typical wallet functions like send, receive, store, swap, and buy cryptos & NFTs, the Concordium users will now be able to stake tokens on multiple chains across various validators, bridge tokens across chains, lend & earn, participate in liquidity pools, create CDPs and trade on token derivatives all in-app acting as a one-stop wallet for all DeFi needs. Additionally, Frontier integrates dApps into various ecosystems to maximize potential for growth from interoperability, and also offers hardware wallet support for Ledger and Trezor.
Benefiting from Frontier’s integration with Concordium Blockchain, the only layer-1 blockchain with a built-in self-sovereign ID framework, the updated account creation will include ID verification and seed phrase integration. The integration will ease and enhance the attractiveness of Concordium for its users.
DeFi users will benefit by creating new Concordium wallets or importing their existing Concordium wallets into Frontier. They will also be able to stake their Concordium tokens seamlessly in a non-custodial way. Apart from this, they will also have access to the upcoming Concordium DeFi ecosystem launching later this year like the Concordordex.
“With regulatory authorities across the globe contemplating ways and means to regulate decentralized finance and cryptos, an ID-verified blockchain network like Concordium can help unlock a significant value in the mass Web3 adoption. Frontier Wallet is beyond excited to partner with Concordium as their Wallet partner and help them build a secured, non-custodial Crypto and NFT wallet with seamless access to DeFi and CCD staking,” says Ravindra Kumar, Founder & CEO, Frontier Wallet.
“At Concordium we believe in a future where Web3 goes hand in hand with both existing and new businesses to create exciting new offerings. To succeed we want our community to have access to the best non-custodial wallets possible. Frontier’s ability to unify multiple blockchain-based offerings in a clean user experience. Concordium’s delegated proof-of-stake design fits naturally into Frontier’s strong, built-in, DeFi offering, and we look forward to working with the team on supporting future compliance needs of projects through Concordiums Web3 ID framework,” says Mikael Breinholst, Concordium’s Director of Product.
OKX copy trading allows users to duplicate winning strategies from top traders
OKX, the world-leading cryptocurrency platform and Web3 technology company, today launched its copy trading tool to its global user base on its social trading platform.
Copy trading allows users to follow high-performing “lead traders,” receive real-time updates on their latest moves and replicate trading strategies across more than 600 trading pairs.
Since May 2022, OKX social trading has allowed users to view the portfolio breakdowns, transaction histories, profit and losses and risk levels of high-performing traders.
Haider Rafique, OKX’s global chief marketing officer, said: “In the last year, we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on OKX. This feature is yet another way we believe we can help new traders to trade responsibly and manage risk while giving professional traders on our platform more ways to generate income.”
OKX copy trading also provides experienced and professional traders with a convenient way to monetize their trading strategies. When they become lead traders on OKX, high-performing traders receive a percentage of the profits they help their followers realize.
OKX lead traders commented on their experience with OKX copy trading:
Kyledoops from Crypto Banter said: “One of the great things about OKX social trading is that it provides huge amounts of information on the lead traders and their metrics and past performance hit rates. That gives the user the opportunity to make a very educated decision on if that trader is someone they want to align with or not.”
Grey Jabesi from GreyBTC said: “I like the control that OKX gives you in comparison to most other exchanges when it comes to copy trading. I like that copy traders can get in and out of a position whenever they want to without waiting for the lead trader to close their position first. This gives them the flexibility to walk away with their money on their terms.”
OKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’s crypto exchange is the second-largest globally by trading volume.
OKX’s leading self-custody solutions include the Web3-compatible OKX wallet, which allows users greater control of their assets while expanding access to decentralized exchanges, nonfungible token marketplaces, decentralized finance, GameFi and thousands of decentralized applications.
OKX partners with many of the world’s top brands and athletes, including the Tribeca Festival, Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, olympian Scotty James and formula one driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its proof of reserves monthly.
To learn more about OKX, download our app or visit: okx.com.
Connect Financial Announces Crypto-Backed Credit Cards
Connect Financial – a cryptocurrency financial Fintech platform, announces their crypto-backed credit cards are coming to the market.
With more than 320 million people using cryptocurrency globally and an expected global adoption growth rate of 10% by 2030 for Bitcoin (BTC) alone, there is no denying that cryptocurrency is quickly moving towards mainstream acceptance. Cutting-edge innovations in blockchain and artificial intelligence are ushering in dramatic innovations in the financial industry. The way we borrow money, access credit, make electronic payments and manage wealth are all in the process of being transformed.
For crypto users that want more from their financial holdings, Connect Financial strives to bring inclusion and innovation to the global financial ecosystem.
Connect Financial’s crypto-backed credit cards have been designed to enable its customers to leverage the spending power of their crypto and access credit fully in their control without having to sell their digital assets. By doing so, crypto is no longer an intangible digital asset but rather becomes a part of their everyday lives and purchases.
Their elite card partner unlocks a whole world of benefits for Connect Financial cardholders to receive rewards from everyday purchases from over 30 million merchants across 210 countries. “Traditional finance has offered rewards to their users for decades, and we feel that crypto users are currently being underserved in this regard. With a Connect Financial membership benefits in conjunction with the elite network of rewards, our customers can select and enjoy from an array of luxury-based, travel-specific or lifestyle living perks – All powered with their crypto holdings,” states Christo Brown, Product Director, Connect Financial.
Connect Financial has built its platform with its customers at its core to develop not only a product line but a user experience that exceeds financial services interaction expectations. “We’ve built Connect Financial so every customer will enjoy flexibility, customization, and control of their financial management in a frictionless manner. Whether customers want to get more from their digital assets or get the proper credit to meet their financial needs, our interface is modern and simple while putting our customers in the control seat of their financial goals. All while ensuring robust industry-leading security protocols and multi-layered authentication so many people expect and desire for their online financial transactions and holdings.”, states CXO, Chantel Meeley, Connect Financial.
Connect Financial’s exclusive pre-launch crypto-backed credit card waitlist is now live. You can sign up and be one of the first to obtain this reward-driven, revolutionary credit card.
CLOUDWALK LAUNCHES INFINITEBANK AND AIMS TO GO BEYOND BANKING
CloudWalk is thrilled to announce a new market positioning for InfinitePay. With InfiniteBank, the company will now offer a full range of banking and payment solutions to more than 300,000 small medium size businesses in Brazil.
SMBs will now have access to InfiniteCard – cards on demand that enable financial automation according to the needs of each business. Furthermore, the card has a 1.5% cashback on every purchase – the best in Brazil, without restrictions or rules. InfiniteCard can also be connected to Google Pay and Apple Pay.
Another new product, InfiniteTap, powered by Tap to Phone technology, turns Android NFC enabled smartphones into POS machines, allowing businesses to accept payments from any contactless card or mobile wallet right from their device.
Presenting solutions that allow decentralized access to banking services through its own blockchain, such as a stablecoin, BRLC (Brazilian Digital Real), InfinitePay has also introduced InfiniteCash, which enables quick loans via smart contracts over the Defi protocol. Loans are calculated and collected based on the receivables of the customer. With this feature, Brazilian entrepreneurs can now access an automated platform, without financial intermediaries.
So, to establish the evolution of the company, it was necessary for the InfinitePay brand to undergo a redesign in order to reflect its new positioning in the market.
BEYOND THE BANK
With InfinitePay’s new solutions and deep understanding of businesses, sellers are better able to manage sales. Moreover, the money from sales will be deposited directly into customers’ free accounts.
As a main partner for small and medium-sized businesses, InfinitePay offers clients full control over their business, via an app, or a web dashboard.
With the best rate options in the Brazilian market and innovative solutions at the lowest cost, InfinitePay also offers POS machines InfiniteSmart, InfiniteTap, InfiniteLink, free Pix transfers, and e-commerce plugins for some of the best platforms. On every option, the sellers will receive payments for sales within one business day.
The company, which is now the fastest in terms of processing time, has become a complete, competitive financial solution compared to traditional banks, offering customers better security and encrypted transactions.
With its new positioning, CloudWalk targets entrepreneurs with an average ticket of between R$ 8,000 and R$ 50,000.
“In addition to the best rates on the market, we are now able to offer our customers a full range of services. We know the potential of small and medium entrepreneurs and, therefore, we want to make the financial sector more agile and efficient, expanding the market for new users,” explains Luis Silva, Founder & CEO.
“We will continue to innovate in order to further benefit our customers through the use of technology,” he adds.
Headquartered in São Paulo, Brazil, CloudWalk is a blockchain-based company focused on democratizing the financial ecosystem through the most innovative technologies for SMBs.
As a Unicorn, and with investors such as Valor Capital Group, HIVE Ventures, and Coatue, it has already raised $356.5 million. In addition, CloudWalk has saved its customers more than BRL 2 billion in fees and is present in more than 300,000 customers, located in more than 5,100 cities and towns across Brazil.
Visit the new InfinitePay website: https://infinitepay.io/bank
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