DeFI News by Thebittimes.Com

The BRICS Pay system is receiving interest from the European Union, countries from South America, and Africa. The alliance is strategically expanding its global footprint by allowing many countries to join the payment system. Not just countries, the bloc is partnering with fintech entities, banks, and technological firms to strengthen the payment mechanism. Andrey Mikhaylishin, co-founder of the BRICS Pay project, confirmed that they’re receiving interest from all over. “We observe considerable inbound interest from the European Union, Latin America, and Africa,” he said. Mikhaylishin is eyeing Africa closely as over 1.5 billion people lack access to traditional payment cards. Also Read: How the US Plans to Counter BRICS De-Dollarization Agenda Africa Could Make BRICS Pay Grow Stronger Source: Valery Sharifulin (TASS) The demography represents a significant opportunity for BRICS Pay to grow and gain control of the African continent. It could become a pivotal financial technology e...

World Mobile, a decentralized wireless network operator, has obtained up to 20MHz spectrum in California, New Mexico, Nevada, and Utah. World Mobile secures licensed spectrum World Mobile has achieved a significant milestone in its mission to provide reliable and affordable internet access by securing license d spectrum and obtaining up to 20MHz in California, New Mexico, Nevada, and Utah of the United States, paving the way for its expansion plans into the country.  The development aligns perfectly with the United States government’s efforts to promote connectivity nationwide. The president of the United States, President Biden, recently announced a $42 billion high-speed internet initiative focused on providing access to broadband services in rural and low-income areas to enhance competition and affordability in the space.  You might also like: World Mobile Launches in the United States and Onboards Expert Chief Architect, James Tagg The Commerce Department h...

CoinCorner and Bitnob teamed up to create cross-border transactions between the UK and Europe to Africa via the Bitcoin Lightning Network. The ongoing crypto winter is not stopping the industry from pushing for global Adoption and accessibility. A new partnership between CoinCorner and Bitnob opens a way for users across continents to perform cross-border transactions involving multiple fiat currencies. Typically transfer of funds between Europe and Africa requires a third-party facilitator like Western Union, which rely on centralized entities. These transactions often have processing times of multiple parties prior to approval and are known for their expensive cuts. World Bank estimates that remittances to Sub-Saharan Africa went upwards of $40 billion yearly as of 2020 —with Nigeria receiving almost half of the sum alone. Now, users can transfer funds via the Bitcoin (BTC) Lightning Network from the United Kingdom and Europe to select countries in Africa. The application, Send Gl...