Author: Zex PRwire

DIFC-led dialogue hosts ten heads of banks and FinTechs for discussion on current financial stability and outlook

Dubai, UAE, 18th April 2023, ZEX PR WIRE, Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region hosted the second Dubai FinTech Summit (DFS) Dialogues this week, powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing the financial sector and deliberate on how the industry can de-risk and build resilient, sustainable financial institutions.

According to recent research by Report Ocean, the global FinTech Lending Market was valued at approximately USD573.05 bn in 2021 and is anticipated to grow with a healthy growth rate of more than 27.4% over the forecast period 2022-2029.

Hosting the roundtable, Mohammad AlBlooshi, Head of DIFC Innovation Hub and FinTech Hive, said, “As an industry predicated on confidence and trust, we are currently seeing the banking sector experience a time of disruption. Given global headwinds, we have an opportunity to build more resilient institutions through collaboration between banks and FinTechs.”

Commenting on the session he added, “Through conveners such as this roundtable and the first-ever Dubai FinTech Summit in May, we are facilitating dialogue and avenues of collaboration for long-standing financial institutions, regulators, and promising entrepreneurs to together map out how the sector can – and should – move forward.”

The age of Banks vs. FinTechs is behind us

The FinTech sector, widely recognised as a major competitor to banks, is expected to double in size from USD135.9 bn in 2021 to USD266.9 bn in 2027, according to DIFC FinTech Hive’s 2022 FinTech Report. Additionally, with approximately 50 per cent of the MENA region currently unbanked or underbanked, FinTechs have been playing a crucial role in promoting inclusive economic growth in the region.

However, a unanimous takeaway from all banks at the DFS Dialogue captured how both entities are in fact symbiotic.

Sanjay Sethi, Senior Managing Director, Head of Global Transaction Banking at First Abu Dhabi Bank, said, “This is an age of collaboration and co-creation where leading financial institutions and pioneering FinTechs can embark on a journey of innovative discovery together. This is especially true when we look at opportunities to expand into new geographies, improve product capabilities, grow revenues, or scale or optimise our business faster and more efficiently. Alongside this, FinTech solutions in transaction banking are growing in agility every day. As we look to the future, FAB will continue collaborating with pioneering FinTechs to deliver impactful advances across the financial industry.”

Earlier this year, the UAE Central Bank announced the implementation of its Digital Dirham digital currency strategy, which promises to be a critical step in the country’s payments industry, something that will deeply impact banks, FinTechs, businesses, and customers. “As such, the synergy between banks and FinTechs proves to be unavoidable as the industry inches towards a cashless economy,” added AlBlooshi.

Technology: Disrupting and enhancing trust

“As a FinTech services provider, the core, as with any tech player is to build an emotional connection with the end consumer,” said Raman Thiagarajan, CEO and Founder, Zenda.

As customers turn to technology, banks have been forced to adapt traditional trust-building to complement the digitisation of banking. Anand Krishnan, Head of Technology, Emirates Investment Bank, said, “It is increasingly important banks continue to invest more in technology that not only builds but maintains trust in customers across their entire journey.”

Google predicts that the financial services and banking industry will emerge as the primary spender for AI technology in the MENA. The industry will make up nearly 25 per cent of all AI investments in the region, with banking tech alone expected to contribute 13.6 per cent to the region’s gross domestic product by 2030.

Mehdi Tazi, Chief Operating Officer, Lean Technologies, stated, “I believe customers still trust banks more than FinTechs – they are larger more established institutions. However, something FinTechs do very well is streamlining processes when helping onboard customers into these larger banks. As a result, we are seeing a marriage between FinTech and banking that enhances the customer’s journey, ultimately building trust.”

The onset of Web 3.0 ushers in a transformative moment for financial services, capital markets and banking, shifting customer expectations and revolutionising the sector. The total transaction value of embedded finance is said to reach USD7 tn in 2026, as per Rakesh Reddy, CEO, Cloud4u, “This is particularly useful for Platform as a Service (PaaS) providers who will strongly benefit from this growth, undeniably becoming a key industry disruptor.”

Nilay Singh, Chief Executive Officer, State Bank of India, DIFC, pointed out, “We cannot ignore AI. It has to be adopted but cleverly and effectively, and this is where we need to understand what to outsource and when to collaborate.”

Dubai is gearing up for continued growth and innovation, so how can policymakers, entrepreneurs and investors come together to further advance during these volatile times? With a unified goal to enhance inclusive, stable banking solutions for the region, traditional financial establishments are increasingly optimistic in growing their partnerships with promising FinTechs to help bridge gaps and strategically stay ahead of the curve. Join the dialogue at the Dubai FinTech Summit at Madinat Jumeirah in Dubai. Visitors can now purchase tickets with early bird prices available until 15 April 2023.

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 8 trillion.

With a close to 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of over 36,000 professionals working across over 4,300 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

For further information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.

Whether you are an organization or an individual, Trescon has something to offer you.

For further details about the announcement, please contact:

Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon

Dubai, UAE, 18th April 2023, ZEX PR WIRE, Limoverse is proud to announce that its team will officially list the $LIMO token on Hotbit and Bitmart. The token will go live on these two premier cryptocurrency exchange platforms on April 24th. This listing marks an exciting milestone in Limoverse’s growth and development as a leading health and wellness metaverse.

The team’s projects (from HealthFi to MetaFi, from DataFi to GameFi) are already making waves in the industry. These new listings follow a similar operation on PancakeSwap and will further strengthen Limoverse’s position in the crypto space.

The Importance of the New Listing

This listing will add to Limoverse’s existing traction, helping them reach more users and build a larger community. With the listing of $LIMO on these platforms, Limoverse will be able to engage with a wider audience. The team intends to leverage the opportunity to expand its reach among crypto enthusiasts and investors.

Hotbit and Bitmart are popular names in the crypto community, allowing Limoverse’s projects to gain market visibility. As the token gains visibility, its market reach can further expand, leading to an influx of new holders.

The listing will let investors know about Limoverse’s mission and the idea of bringing health and wellness through blockchain technology. With more people entering the Limoverse ecosystem, the team expects the network effect to enhance user engagement and growth.

A Project Determined to Grow in the Long Term

Limoverse has planned a set of upcoming milestones, with numerous changes coming to its ecosystem. Specifically, users can expect three important announcements coming in May:

1. The go-live of HealthFi (Burn-2-Earn): HealthFi lets users connect their Limoverse app to wearable devices and earn $LIMO based on the calories burned.
2. A CEX Listing will offer additional opportunities for users in the platform’s ecosystem.
3. Phase 1 of Limo Valley, the team’s upcoming health and wellness Metaverse.

The team will also aim to announce a Tier 1 exchange listing in July and complete the MODIFi NFTs launch.

August and September will bring even more surprises for the Limioverse community. Specifically, users will first experience MODIFi, a project promising to make users wealthier day after day. This platform will go live in the third week of August. 

In September, the market will see another Tier 1 listing, closing an exciting and eventful six months for the platform. 

The Team Behind Limoverse’s Ecosystem

Limoverse’s team of experienced professionals is a diverse group of experts that have complementary skills.

The company is led by Sajeev Nair, founder, and internationally acclaimed peak performance coach. He has over two decades of experience in the wellness industry and is the author of five best-selling books.

Aditya Narayan, co-founder and blockchain expert, was able to secure an equity partnership from a Bollywood superstar for his startup venture Vieroots Wellness Solutions, with an idea-level valuation of $14 million.

VP Sajeev is a technocrat and scientist who has also joined this team. He worked with one of the leading scientific research firms and is an expert in blockchain and operations management.

Hendrik Klien is a DeFi expert, having extensive knowledge in Investment Banking, Trading, and VC. He is also a blockchain and crypto strategist that has led two successful blockchain projects.

Limoverse’s team of professionals has a comprehensive range of expertise, allowing them to tap into multiple sectors and provide innovative solutions. Together, they are devoted to revolutionizing the wellness industry with their blockchain-backed platform. 

About Limoverse

Limoverse is a company transforming the health and wellness space and changing how people manage their bodies and minds. By developing innovative projects such as HealthFi and more, Limoverse intends to become a central platform in the crypto space.

Limoverse offers a Move-to-Earn referral program where users can earn 10% BNB for each referral NFT purchase. So far, Limoverse has paid out more than half a million dollars in incentives through HealthFi alone.

Limoverse works to empower individuals to take charge of their bodies and minds and live long, healthy, productive lives.

The upcoming April 24th listing on Hotbit and Bitmart will open up even more opportunities to benefit from Limoverse’s mission. More people can access the Limoverse app and its projects through these exchanges, creating a larger, more powerful community.

The team is happy to share recurrent news and updates through its social media pages below. Furthermore, Limoverse’s website provides more detailed information about each component of this large and growing ecosystem.

It is also possible to download the iOS and Android version of the Limoverse app. Through these platforms, users can start interacting with the platform and begin earning rewards.

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Victoria, Seychelles, 17th April 2023, ZEX PR WIRE, We are thrilled to announce that HELLO (HELLO) will be listed in the Innovation Zone. Spot Grid Trading will go live at the same time. Check out the details below:

Innovation Zone：

Bitget Innovation Zone is mainly for trending tokens (initial) listing. A 60-day valuation period will be given for all the newly listed pairs in the zone. Trading pairs will be delisted if the trading pairs do not meet the criteria (etc: Market Depth).

Deposit time: 13th Apr, 7 AM(UTC)

Trading time: 13th Apr, 11 AM (UTC)

Withdrawal time: 14th Apr, 11 AM (UTC)

Campaign Period: 13th Apr, 11.30 AM – 18 Apr, 11.30 AM (UTC)

Spot Trading Link: HELLO/USDT

Spot Grid Trading Link: HELLO/USDT

Fee Schedule: HELLO/USDT

Promotion 1: Sign up now to grab a share of 250,000 HELLO!

Users who make the initial deposit of HELLO or make a HELLO/USDT spot trade of more than 100 USD during the event can grab a share of 250,000 HELLO. It is only limited to the first 300 users.

Promotion 2: Trade HELLO to grab a share of 250,000 HELLO!

Users who make a HELLO/USDT spot trade of 100 USDT during the event can grab a share of 250,000 HELLO. Capped at 2500 HELLO for each user. Rewards will be distributed based on the proportion of HELLO/USDT individual spot trading volume to the total of it generated during the event.

Promotion 3: Join a lucky draw and grab a share of 125,000 HELLO!

Users can make attempts for the lucky draw after completing corresponding tasks during the event. The prize pool is 125,000 HELLO and tasks are as follows:

1. Hold one USDT worth of HELLO to get one lucky draw attempt.
2. Achieve a spot trading volume of over 100 USDT to get one lucky draw attempt.
3. Achieve a spot trading volume of over 1,000 USDT to get three lucky draw attempts.

Promotion 4: Make spot grid trades and split 5,000 USDT!

During the event, users who engage in spot grid trading of HELLO/USDT stand to split a prize pool worth 5,000 USDT based on their trading volumes! Only the top 50 strategies are eligible. Each user may use only one grid strategy.

Introduction

HELLO is a Web3 native ecosystem that enables original programming, games and NFT to seamlessly connect to Web3. It aims to attract another billion Web3 users by creating a seamless “Web2 and Web3” experience.

HELLO Labs is the future of crypto and entertainment, a Web3 native ecosystem that incubates, produces, funds and distributes original programming, games and NFTs. Coining the term “Cryptotainment”, we are designed to fully realize the vast potential of Web3 and appeal to both crypto and mainstream mass audiences.

Founded by Paul Caslin, the Grammy-nominated Creative Director of the MTV VMA‘s, HELLO Labs seeks to onboard the next 1 billion Web3 users by creating a seamless “Web2 meets Web3” experience; that guides even the most basic of users to take their first step of owning a digital asset, playing Web3 games, or watching exclusive shows like Killer Whales and Crypto Cribs.

Contract Address (BEP-20): 0x0f1cbed8efa0e012adbccb1638d0ab0147d5ac00

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Terms and Conditions

1. Participants must complete KYC verification to be eligible for the event.
2. Rewards will be distributed to the winners’ spot accounts within seven working days after the event ends.
3. All participants must strictly comply with Bitget’s terms and conditions.
4. In case of cheating or using multiple accounts for rewards, or other violations, Bitget reserves the right to disqualify the users involved and forfeit their rewards.
5. Bitget reserves the right to amend or revise the terms of this promotion, or cancel it at any time without prior notice at its sole discretion.
6. Bitget reserves the right of final decision regarding this promotion. Contact customer service if you have any questions.

PR Contact

ZEX PR WIRE  

info@zexprwire.com

Pennsylvania, USA, 17th April 2023, ZEX PR WIRE, Lysin Finance is excited to announce the launch of Erinzi (ENZ) and Lirum (LIR) designed to add value to the cryptocurrency community. The protocol aims to bring stability to the sector by managing a stablecoin that is pegged to the value of fiat money, and utilizing smart contracts to maintain LIR and ENZ to equilibrium.

To further enhance the stability of the platform’s ecosystem, the project will also introduce the Lirum Reserve Ratio (LIR).

Lysin Finance’s mission is to make investment options accessible to everyone through the upcoming pre-sale event and token launch. With these groundbreaking developments, they are making significant strides toward unlocking the potential of decentralized finance with their ultimate reserve coin.

The Upcoming Pre-Sale and Token Launch

The Erinzi Ecosystem is an innovative stablecoin platform that offers users a secure platform to store, trade, and transact with digital assets.

The team is thrilled to introduce the first stablecoin backed by a mathematically verifiable protocol, ensuring unparalleled price stability. This stablecoin is pegged to the US dollar, creating greater stability and trust for users.

The impending pre-sale and token introduction offer of Lirum the Reserve Token is a thrilling chance for users to partake in this revolutionary endeavor. The LIR pre-sale is just on the horizon, and the team’s social media channels will keep users informed about its launch specifics.

Lirum is a decentralized reserve management token developed by Lysin Finance. It is designed to allow users to earn by contributing to the maintenance of the Erinzi stablecoin ($ENZ) peg. Lirum functions as a reserve coin, providing stability and reliability to the ENZ platform. It also allows for greater transparency, decentralization, and user control over their assets. Lirum is set to have its pre-sale event starting on May 1st, 2023.

Investors are increasingly taking notice of the project, with the first pre-sale day scheduled for May 1st. Visit their website to learn more about the Erinzi Ecosystem and how anyone can participate in this exciting new venture.

The Team’s Mission and Vision

Lysin Finance leverages the power of blockchain, AI, and DeFi to empower marginalized communities, striving to create a more equitable world through innovative solutions that promote financial inclusion and drive economic growth.

As a premier decentralized finance firm, its ultimate goal is to provide safe, inexpensive, and user-friendly financial services to everyone. They aim to create a decentralized, transparent, and fair financial ecosystem that benefits all individuals, regardless of their background.

At Lysin Finance, they believe that an AI-driven stablecoin can provide reliable stores of value and a medium of exchange for everyone, ultimately enabling a more stable and accessible financial system.

The founders of Lysin Finance are passionate about improving global lives and creating a more equal and prosperous future. They are committed to leveraging their expertise in DeFi to make this vision a reality, using their skills and knowledge to drive innovation and positive change in the financial world. Join us on this journey towards a brighter future for all.

About Lysin Finance

Lysin Finance is a leading DeFi company that provides stablecoins, DeFi products, and services. The team is committed to staying at the forefront of technology, utilizing cutting-edge blockchain and artificial intelligence to ensure users have complete control over their assets.

The project’s stablecoin (ENZ) and reserve coin (LIR) run on the Ethereum network, providing users with protection against volatility through a stable USD-pegged currency.

The upcoming pre-sale event and token launch offer an exciting opportunity for users to purchase $LIR tokens and gain access to this user-friendly platform. Lysin Finance is thrilled to participate in this new era of digital assets and provide users with access to its innovative ecosystem.

To stay up-to-date on the latest project announcements and developments, be sure to visit Lysin Finance’s website and follow their social media platforms listed below. Join us on this exciting journey towards a more equitable and accessible financial future for all.

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Aberdeen, Scotland, 17th April 2023, ZEX PR WIRE, HyperproAI is introducing a platform combining blockchain and AI technology to create an advanced AI fabric with unparalleled current-day usability. The HyperproAI platform offers unique features like decentralization, automated trading strategies, and an AI marketplace/DAPP.

The team has recently opened its presale for the project’s HPO token. The operation allows early investors to join this new AI-powered project.

HyperproAI Presale Is Live – How to Buy HPO

Participants in the HyperproAI Presale can buy HPO with ETH, USDT, or even with their cards through Transak. To purchase HPO, users need to:

1. Download and install a wallet provider like MetaMask for desktop or Trust Wallet for mobile.
2. Create a wallet account and store the backup passphrase in a secure spot.
3. Add the HyperproAI Token to their wallet by clicking on ‘Import Tokens’ and pasting the HyperproAI contract address.
4. Obtain ETH (or USDT) from an exchange or purchase these coins through the team’s partner Transak.
5. Visit the HyperproAI DEX and connect with their wallet provider.
6. In the “TRADE” panel, enter the amount of HPO they would like to purchase.
7. Click “BUY and confirm the transaction through their wallet to buy HPO tokens.
8. Once the presale period has concluded, participants can claim their HPO tokens by visiting HyperproAI.io and clicking the “Claim” button. They will require a small amount of gas fee to complete this step.

Referral: investors can also earn passive income by referring friends and family to purchase the HPO token via their referral link

Here’s a YouTube video on how it works: https://youtu.be/86ofaxM85BE

It is essential to highlight that half the tokens will be available through the presale and ICO operations. Therefore, the team allocated a large part of its tokens to early adopters.

Through the presale, users will own a part of one of the latest AI-based applications in the crypto world.

A Multi-Feature Platform

Hyperpro AI is a multi-feature platform that provides users with a decentralized exchange and automated trading strategies. It also features an AI marketplace and Dapp, creating a web3 framework by allowing access to secure, low-cost computing power.

The HyperproAI platform enables users to easily set up automated trading strategies based on key metrics and order types. The platform allows transferring this information directly into their broker’s API. 

Additionally, it offers an intuitive interface for interacting with different AI services without worrying about complexity or security issues. The platform allows users to access real-time analytics and insights and create and manage their portfolios. This makes it easier for them to optimize their trading activities while also reducing risk and complexity.

The problems this platform aims to solve include inefficiencies of existing centralized and decentralized exchanges. The team’s focus is clearly oriented toward providing a secure computing environment. 

HyperproAI’s platform also creates opportunities for AI players to participate in the global market while reducing trading costs.

About HyperproAI

HyperproAI is an innovative platform offering a new opportunity for crypto enthusiasts to experience the power of artificial intelligence (AI).

The team behind HyperproAI believes that AI can be a powerful tool in cryptocurrency and blockchain. This technology can enhance the way investors access professional DeFi applications. 

In addition, HyperproAI aims to create a vibrant community of users who will benefit from its creative and rewarding environment.

HyperproAI has set ambitious goals for developing cutting-edge web3 technology that would enable low-cost private computing power across multiple industries. With these objectives, it’s clear that HyperproAI is committed to becoming a leading force within the realm of AI development.

The recently launched presale event of HyperproAI provides a unique opportunity for investors to buy HPO tokens at discounted prices. Holding HPO lets investors access a staking mechanism and earn governance rights within the platform.

HyperproAI’s website, and the social media pages below, allow anyone to stay up-to-date with all the team’s latest news.

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Pretoria, South Africa, 17th April 2023, ZEX PR WIRE, Knox Wire, the global payments and real-time financial messaging network, announces plans to launch its trustless gold backed currency, PMBC (Precious Metals Backed Currency). 

The new product enables governments, corporations and financial institutions to hedge against the instability of the financial system while at the same time keeping funds extremely liquid. Holding the precious metals backed currency provides an entity with the security of physical metals while being able to instantly convert and send cross-border payments to over 20,000 institutions in nearly 200 countries.

This trustless system will provide users with a secure way to store and send wealth without relying on a potentially vulnerable banking system for storage, settlement or redemption. With this new launch, Knox Wire continues its mission of providing an alternative financial infrastructure to send real-time cross border payments.

The Launch of a Gold-Backed Currency with a Trustless Mechanism

Knox Wire’s new gold-backed currency operates on a trustless mechanism, providing reliable value stability as the metals backing PMBC will not be held by the company, but regional, redemptive trusts located globally. 

These trusts will be in centralized locations in North America, Europe and Asia. They ensure that no entity is solely reliant on Knox Wire, a potentially vulnerable financial system, or any single company, for redemption. This trustless mechanism can provide users with peace of mind that their assets are always backed one to one, and always accessible. 

Setting a New Standard in Financial Security

The issue with traditional gold backed currencies is that gold can be prone to volatility on its own. The way PMBC will work to counteract this volatility is by backing each PMBC with one gram of gold, one gram of platinum and one gram of palladium. Reducing potential volatility by distributing any potential market risk between three of the strongest performing precious metals. 

PMBC offers substantial benefits to traditional options, including; immediate liquidity, trustless redeemability, distributed backing, and the security of Knox Wire’s immutable, distributed ledger. When combined with the services of Knox Wire, PMBC is a solution that sets a new standard for the usability of precious metals.

About Knox Wire

Knox Wire is a real-time gross settlement network that combines financial messaging and cross-border payments with local payouts to over 20,000 Financial Institutions (FIs) in nearly 200 countries.

More details about Knox Wire are available on the project’s website and on the social media pages listed below.

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Cryptocurrencies have become one of the hottest investment opportunities in recent years. Bitcoin, Ethereum, and Litecoin have all made headlines for their meteoric rise in value. But these established cryptos are facing stiff competition from new players in the market. 

One such newcomer that is generating buzz is Bitgert. Bitgert is a decentralized cryptocurrency that promises to be faster, more secure, and more efficient than its competitors. It is based on the Proof of Authority (PoA) consensus algorithm.

But what sets Bitgert apart from other PoS-based cryptocurrencies is its innovative approach to transaction processing. Bitgert uses a unique algorithm called Bitgert Chain, which allows for lightning-fast transaction speeds and eliminates the need for miners to verify transactions. This makes the network more secure and reduces the risk of 51% attacks.

Another advantage of Bitgert is its scalability. As more users join the network, Bitgert can handle an increasing number of transactions without slowing down. This is a significant advantage over Bitcoin, which has struggled to keep up with the increasing demand for transactions and has resulted in high fees and long confirmation times.

Bitgert’s development team is also working to implement advanced privacy features, including the ability to make anonymous transactions. This is a critical feature for users who want to keep their financial transactions private and secure.

Overall, Bitgert has several advantages over other cryptocurrencies, and it is well-positioned to become a leading crypto in the future. With its innovative approach to transaction processing, scalability, and privacy features, Bitgert is poised to attract a large user base and increase in value.

If you’re looking to invest in cryptocurrencies, Bitgert is definitely worth considering. Its unique

features and promising future make it an excellent investment opportunity for those who are willing to take some risks. With a little bit of research and careful consideration, you could be one of the early adopters of Bitgert and reap the rewards of its success.

For additional information and business inquiries, please contact: https://bitgert.com/