DeFI News by Thebittimes.Com

Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies.  Dtcpay reportedly entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International. The aim is to establish a privacy-protected digital payment infrastructure. #dtcpay is proud to be joining forces with @PlatON_Network , a privacy-preserving digital public infrastructure provider, and @allinpayintl , a globally recognized #Fintech #payments solution. Read the full announcement here: https://t.co/Aqcyd19HRO #Web3 #Crypto — dtcpay (@dtc_pay) November 9, 2023 The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).  Previously known as the Digital Treasures Center, Dtcpay has made a name for itself offering st...

The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin. The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16. BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automation platform Zeeve, the digital asset creation platform Toko and tech firms GFT Technologies and Red Date Technology. The newly formed BSN Foundation will serve as the governing body of the BSN Spartan Network, a public infrastructure network based on the open-source BSN Spartan data center software. The foundation’s launch marks one of the most significant milestones on its path to global expansion and its ambitions to establish a new international standard for decentralized IT infrastructure. “The BSN Foundation launch is a vital step in our...

The Monetary Authority of Singapore (MAS), in collaboration with leading financial institutions like JPMorgan, DBS, and BNY Mellon, has embarked on a project to explore the potential of asset tokenization, a move that could significantly impact the future of financial transactions and asset management. The Monetary Authority of Singapore (MAS), has embarked on a noteworthy venture to explore the realm of asset tokenization. Collaborating with major financial players like JPMorgan, DBS and BNY Mellon, this initiative is part of the larger Project Guardian, a collaboration that includes international regulatory bodies such as Japan’s FSA, the UK’s FCA and Switzerland’s FINMA. This endeavor by MAS involves rigorous testing of various digital asset applications, including bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing. Notably, JPMorgan and Apollo have demonstrated a ...