DeFI News by Thebittimes.Com

Bosch and the Peaq network explain how the future of the Internet of Things and the Economy of Things will come via decentralization and on-chain automation. The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany.  At the event, Bosch, alongside its collaborators MOBIX and the Peaq blockchain , revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem. MoveIDs act as self-sovereign identities (SSIs), built on the blockchain permitting autonomous transactions between vehicles and connected infrastructure. The demonstration at IAA Mobility highlighted autonomous transactions between connected devices - in this case, a smart car, charging station, and signal for parking.  A Jaguar electric vehicle(EV) showcasing decentralized tech w/ integrated payment abilities. Source: Cointelegraph Co...

Gnosis, self-proclaimed as one of the first Ethereum sidechains, announces the Gnosis Card. It allows transfers of euro stablecoin from self-custodial wallets and payments with it. The product was launched at the Ethereum Community Conference (EthCC), the annual European Ethereum event that took place in Paris on July 17. Real-world payments Gnosis has introduced a Visa debit card in partnership with Monerium, enabling users to make real-world and online purchases using Monerium’s euro stablecoin , EURe. By combining Visa’s payment technology with Gnosis’ asset management platform, Safe, users can now easily complete transactions with the Gnosis Card.  Initially, EURe is the sole stablecoin supported, but Gnosis plans to expand the offering to include other stablecoins in Q4. With this product, the card holders will also have the option to link their preferred wallets, such as MetaMask and Coinbase Wallet. The Gnosis Card is set to debut in the U.K. and the ...

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...

Crypto firms and exchanges are expanding at a fast pace. With the rise in crypto adoption globally, firms are trying to bring in users from around the globe. Platforms around the industry have begun to recognize promise in the European area after concentrating on Asia for a considerable amount of time. In an effort to get the endorsement of regional regulators, Crypto.com has been traveling around Europe. More recently, the company was able to secure a favorable response from French officials. The exchange apparently became a registered Digital Asset Service Provider [DASP] in the area after a “rigorous evaluation” procedure. Following authorization from the Autorité de Contrôle Prudentiel et de Résolution [ACPR], Crypto.com also received approval to function as a DASP from the Autorité des Marchés Financiers [AMF]. In one of the recent announcements, the exchange confirmed an investment of €150 million in France. JUST IN...