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A US fintech company recently announced the launch of a fiat-to-crypto on-ramp, which facilitates fiat-to-crypto payments using “a customizable widget that developers can embed directly into their DEX platform, NFT, wallet or dApp”. According to a blog post, the fintech company “handles all KYC, payments, fraud, and compliance, eliminating the need to integrate multiple third-party services.” The blog post notes that the fintech company has rolled out crypto payments support in 67 countries and has entered into partnerships with several crypto projects, including a blockchain-based music streaming platform, an NFT marketplace, and a vendor. of DeFi wallet.
In related news, bitcoin payments startup Strike recently announced a partnership that will facilitate payments in Africa. The partnership would allow users to send low-cost instant transfers to Africa by leveraging the Bitcoin Lightning Network, which is a layer 2 payment network built on top of the Bitcoin network. Reportedly, this feature currently allows US customers to send money to Ghana, Kenya, and Nigeria.
In a latest recent development, a major US derivatives market and CF Benchmarks, a cryptocurrency index provider, recently announced that they will be introducing three new DeFi benchmark rates and real-time indices for Aave, Curve and Synthetix on December 1. 19. According to a press release, the new benchmarks, “with Uniswap launching earlier this year…will capture over 40% of the total value locked in DeFi protocols on the Ethereum blockchain.” The new benchmarks would use pricing data from several major cryptocurrency exchanges.
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