DeFI News by Thebittimes.Com

The UK is looking to be a part of Saudi Arabia ’s ‘ Vision 2030 ’ even before the US reaches out to the Kingdom. Saudi Arabia ’s ambitious project Vision 2030 is attracting investors from the globe and the UK is keen on building partnerships. A business delegation from the UK including HSBC Bank and British Airways, among others visited Saudi Arabia to discuss prospects of a partnership. Additionally, 450 other businesses from the UK were part of the delegation to build partnerships with Saudi Arabia’s ambitious project. Also Read: $2.1 Trillion in Savings Bleed Out of the U.S. Economy This is the largest business delegation the UK sent overseas in more than a decade. The development indicates that the UK aims to leverage Vision 2030 and partner early with Saudi Arabia for the project. The meeting in Riyadh ended on a positive note as both the UK and Saudi Arabia agreed to open up their markets for each other. Therefore, in the nex...

Former U.K. Chancellor George Osborne has been appointed to Coinbase’s Global Advisory Council to focus on the firm’s regulatory strategy and global expansion. Osborne’s appointment brings a wealth of experience in government and international finance , particularly in fintech investing. Coinbase Chief Policy Officer Faryar Shirzad highly regarded Osborne’s capabilities, emphasizing his significant role in guiding global expansion. Osborne expressed enthusiasm for blockchain technology, recognizing its potential to revolutionize financial markets and online transactions, and remarked on Coinbase as a key player in these developments. We are very pleased to have @George_Osborne join @coinbase's Global Advisory Council. George is one of the most experienced and thoughtful leaders in government and business, and we are grateful to have his advice and counsel as we expand Coinbase around the world.… — Faryar Shirzad ️ (@faryarshirzad) January 31, 2024 ...

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...