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DC Wallet Powered by Radix Announces Partnership with Indian Government Company AFC for CBDC Adoption in India

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Abu Dhabi , UAE, 5th December 2024, ZEX PR WIRE, DC Wallet, powered by Radix technology, a venture by Menas Global, has now a strategic partnership with AFC India Ltd, a Government of India undertaking. The partnership aims to accelerate the adoption of CBDCs in India and other countries in the near future. 

Partnership to Drive CBDC Adoption in India

After the RBI’s (Reserve Bank of India’s) confirmation of the Digital Rupee test with Ripple’s XRP Ledger for institutional use cases, DC Wallet powered by the Radix XRD Ledger will support the initiative to fast-track the mass adoption of CBDC in India.

DC Wallet, powered by Radix, is launching an advanced platform for CBDCs and digital asset management. In collaboration with AFC, the initiative aims to streamline programmable money adoption in India, equipping local banks, government, and private financial institutions with cutting-edge technology to harness the power of programmable money. 

The strategy spans to provide closed loop wallet solutions to sectors such as agriculture, education, and travel, with a potential reach of over 200 million users and integration with Banks and NBFCs. 

Aligned with the RBI’s goal of enhancing financial inclusion, AFC will help integrate DC Wallet with public and private sector banks, enhancing last-mile connectivity through offline transactions, for India’s unbanked and underbanked population. The solution also offers cost-effective cross-border payments for inward remittances mainly from the Indian diaspora. This will be through partnerships with remittance companies having licenses internationally, starting with Canada and Australia. 

With Radix’s XRD Ledger and DC Wallet’s quantum ready security for high value transactions, the platform also ensures secure, efficient transactions, fostering trust amongst users and institutions. The wallet is designed for retail and institutional CBDC use, focusing on security, operational efficiency, and ease of access.

Revolutionizing Digital Asset Management with DC Wallet

DC Wallet offers advanced digital currency management features powered by the Radix technology stack. Key features include:

  • Security and Compliance: Real-time AML/CFTC monitoring, quantum-grade encryption, fraud resistance, and biometric security.
  • Multi-Wallet Support: Manage and transact multiple assets within one interface.
  • Integrated Identity Management: Built-in ID storage for enhanced convenience and security.
  • Fast Transactions: Radix XRD Ledger enables transactions to finalize in under five seconds, supporting high-frequency, high-value transfers.
  • Seamless Asset Conversion: Instant asset switching with minimal fees.
  • Interoperability: Cross-chain functionality for retail (easy cross-platform payments) and wholesale (seamless G2G and B2B transactions).
  • Accessibility: Mobile and offline options support under-resourced geographies and limited connectivity.

Anyone wishing to dive deeper can download the DC Wallet whitepaper or visit radixcbdc.com.

About DC Wallet 

DC Wallet is an advanced and feature-rich digital currency and asset manager. The project is based on Radix’s XRD Ledger, combining blockchain solutions for scalability and security.

With its collaboration with AFC, DC Wallet integrates seamlessly with India’s financial infrastructure. The social media pages below and the project’s website help the community keep up to speed with DC Wallet’s growth.

X (Twitter) | LinkedIn

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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What is Foxy? Linea’s first “culture coin” memecoin

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FOXY is both the first memecoin from the Linea blockchain and a mascot token designed to build the all-important community spirit among users. So much so, the project has branded FOXY a “culture coin”.

If you’re a memecoin holder, you know community is the bloodline for a memecoin. If the community suddenly loses interest, there’s little hope for the memecoin’s survival. That’s why the FOXY team has built the token into a unique form of tradeable mascot, backed by tokenomics that support long-term engagement and growth.

Curious to learn more? In this article, we’ll walk you through what FOXY is, what makes FOXY unique from other memecoins, and how to get hold of the asset.

TL;DR

  • FOXY is the first memecoin on Linea. It focuses on community and engagement instead of speculation.
  • Linea’s Layer-2 blockchain boosts FOXY’s scalability, privacy, and cost-efficiency. It’s now faster and cheaper than Ethereum.
  • FOXY stands out from other memecoins by fostering a strong cultural identity and connection. Foxy, the project’s Fox mascot, symbolizes this connection.
  • FOXY can be purchased on both DEXs and CEXs. Assets can also be bridged to Linea through Linea’s official bridge.
  • FOXY’s tokenomics support long-term growth with community airdrops, liquidity, ecosystem rewards, and development.

What is FOXY

FOXY is the first memecoin on the Linea blockchain that combines fun, community, and culture in one token. But unlike the many memecoins that can pop up and fizzle out quickly, FOXY sets itself apart as a so-called “culture coin”.

This distinction means that FOXY is about more than trading — it’s designed to foster a strong community and cultural expression within Linea. If you’re wondering why this little fox has caught the crypto world’s attention, it’s because FOXY brings people together under a shared culture, and it’s doing so in a unique way.

FOXY is all about creating connections among its community, embodying what some would call a “vibe” that’s missing in many other blockchain projects. This coin, with its charismatic fox mascot, symbolizes the playful but purposeful spirit of the FOXY community.

FOXY also leverages the benefits of the Linea blockchain as a Layer-2 solution for Ethereum. This means it can handle faster and cheaper transactions compared to Ethereum’s main network, using zero-knowledge proofs and full compatibility with the Ethereum Virtual Machine (EVM). These features make FOXY accessible to more people while still delivering the kind of smooth user experience that Linea aims to offer its decentralized application (DApp) developers and end users.

This compatibility allows developers to easily connect FOXY to their applications, further spreading its reach across the Linea ecosystem.The concept of a FOXY culture coin is gaining attention because it taps into something that’s increasingly valuable in the crypto space: a real sense of community and fun.

Other tokens are mostly for trading or building your portfolio, but FOXY actively encourages its holders to join the FOXY community. As interest grows, FOXY could pave the way for more tokens focused on culture and connection rather than gains.

How does the Linea blockchain improve FOXY’s capabilities?

Being built on Linea, FOXY harnesses unique features that make transactions smoother, cheaper, and faster. Here’s how Linea gives FOXY an edge.

Layer-2 advantage

Operating as a Layer-2 network on top of Ethereum, Linea allows FOXY to offer low transaction fees and faster processing speeds. This appeals to memecoin holders, where speed and low-cost transactions drive community engagement and widespread use.

Full EVM Compatibility

EVM compatibility means developers can build DApps on Linea just as they would on Ethereum, making it easy to connect FOXY into the broader ecosystem. Developers and projects that are used to Ethereum can transition to Linea with minimal changes, making FOXY’s potential integrations more seamless.

Zero-knowledge proofs (ZKPs)

Privacy and efficiency are key to keeping user trust high. Zero-knowledge proof technology improves both by checking transactions without sharing sensitive information. This keeps FOXY transactions safe and efficient without reducing speed. The technology also helps in scaling the network, allowing FOXY to support a larger community without clogging up the blockchain.

Alchemy Pay

In March of 2024, Alchemy Pay was added to Linea’s ramp platform. If you’re new to memecoins, setting up your wallet can feel overwhelming. However, services like Alchemy Pay make it easier to buy crypto because you’re using your local currency.

How do these features benefit FOXY holders?

The features outlined above don’t just sound good on paper — they bring many benefits to FOXY holders and traders.

Cost

Because Linea reduces gas fees, FOXY users save money on transactions, making smaller, more frequent trades possible.

Improved scalability

With Linea’s support, FOXY can scale to support a growing community without running into the same issues as Ethereum. Foxy’s scalability means more people can join and trade without worrying about price spikes in transaction fees.

Simpler for developers

Full EVM compatibility encourages developers to build DApps that connect FOXY, expanding its reach. This compatibility with Ethereum-based applications means that FOXY’s ecosystem is well-placed to continue growing as developers can use their existing tools.

What makes FOXY different from other memecoins?

FOXY stands out by prioritizing more than just quick gains and speculative trading. Instead, it focuses on creating a sense of community and cultural identity within the Linea ecosystem. Put simply, FOXY wants to be a long-term part of the blockchain space with a real purpose and a community-driven identity.

Community-centric approach

Unlike many memecoins that prioritize hype over substance, FOXY’s community focus aims to create a culture where holders feel they belong to something bigger. Instead of just holding a coin, FOXY holders are part of an engaging community that values connection and collective spirit.

More than speculation

FOXY isn’t just a trading token — it’s a culture token that celebrates its mascot, Foxy the Fox, as a symbol of unity and fun. This culture-driven identity gives it more depth, connecting holders to the values of the Linea blockchain rather than just short-term price gains.

FOXY as a “culture coin”

The term “culture coin” sets FOXY apart from its other memecoin peers. This label signifies that FOXY is built around shared values and experiences within its community. FOXY embodies a playful, inclusive vibe, making it feel more personal and relatable to its holders.

How to acquire FOXY

Whether you prefer decentralized or centralized exchanges, there are plenty of options to buy and trade FOXY tokens and be part of this unique culture coin on the Linea blockchain.

Decentralized exchanges

For those who enjoy the flexibility of DEX platforms, Lynex.fi is the go-to place to buy FOXY. As a DEX, Lynex offers flexibility, allowing users to trade without intermediaries.

Remember to use the official FOXY contract address (0x5FBDF89403270a1846F5ae7D113A989F850d1566) to avoid scams.

Centralized exchanges

CEXs also make trading FOXY easy on a secure, centralized platform. CEXs can be especially convenient for newbies to crypto, offering a user-friendly interface and customer support.

Linea’s official bridge

Before trading FOXY on any platform, you may need to bridge assets onto the Linea blockchain.The FOXY Linea bridge, found at bridge.linea.build, allows holders to transfer tokens from Ethereum or other chains to Linea, making it simple to acquire and trade FOXY within Linea’s platform.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

GSCGL Exchange is breaking down barriers and providing an easier way to enter the world of blockchain and cryptocurrency

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July 22, 2021 – Founded in 2021 and headquartered in Colorado, USA, GSCGL has gained popularity in the crypto community by providing more convenient financial services through its GSCGL exchange. The GSCGL cryptocurrency exchange is now available on the web and mobile devices, allowing users from all over the world to seamlessly access the world of cryptocurrency and blockchain.

Put safety first.
GSCGL Exchange’s main businesses are data processing, custody and related businesses, professional investment trust sectors, and securities trading and contract trading signal businesses.

GSCGL is authorized and regulated by the US central bank and fully complies with the country’s laws. It follows the highest industry standards and security protocols and adopts insurance-backed audit wallet solutions to give you complete peace of mind.

A spokesperson for the GSCGL exchange said in an interview with the media: “We are committed to better controlling your assets by using intuitive built-in trading functions that allow you to place buy or sell orders at the price you want. You can deposit or withdraw funds through a variety of payment methods available worldwide.”

A strong team builds a stronger platform
Its founding team consists of senior fintech professionals from the United States and the United Kingdom. The core developers all have backgrounds in top traditional stock exchanges and have independently developed a complete exchange and customer service system. The team behind GSCGL is committed to global blockchain technology research and development, innovation, cryptocurrency trading services, asset custody, network security, operations, etc.

Start 2024 with a strong momentum.
GSCGL has announced that it will become a major taxpayer in the first quarter of 2024. Since its establishment in 2021, GSCGL Exchange has continuously won honorary awards for major taxpayers and reputable companies.

Future plans.
In the coming months of 2024, GSCGL Exchange will set up a professional GS investment department. Help more enthusiasts get investment through this project.

GSCGL Exchange is committed to expanding GSCGL’s market influence through participating in industry conferences, establishing strategic alliances, and continuous brand promotion efforts.

Get started with GSCGL:
Visit: https://gscgl.com
Sign up for a free account by filling in some basic information
Follow the in-app instructions for biometric check
Submit a valid ID
Receive an email notification after approval

Organization: GSCGL Cryptocurrency Exchange Co., Ltd.

For more details, please visit https://gscgl.com or contact:

US Headquarters: +1 2138496751

Email: gscglexchange@gmail.com

Telegram Channel: https://t.me/gscglteam

Instagram:https://www.instagram.com/gacgl168/

Media Contact

Organization: GSCGL Exchange

Contact Person: Malcolm Christopher Black

Website: https://gscgl.com

Email: Send Email

Contact Number: +12138496751

Address: COLORADO

Address 2: 6363 S Fiddlers Green Cir

City: COLORADO

State: In operation

Country: United States

Release Id: 12122420318

The post GSCGL Exchange is breaking down barriers and providing an easier way to enter the world of blockchain and cryptocurrency appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Scott Yandrasevich Shares Optimistic Outlook for Connecticut’s Hospitality Industry in 2025

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Connecticut, US, 12th December 2024, ZEX PR WIRE, As the hospitality industry approaches 2025, Scott Yandrasevich, a seasoned hospitality leader with decades of experience, shares his vision for growth and innovation in Connecticut’s hospitality sector. With a robust foundation in hospitality management and a deep understanding of industry trends, Yandrasevich predicts a year of opportunity and transformation for the state.

“Connecticut’s hospitality industry has shown remarkable resilience,” says Yandrasevich. “2025 is shaping up to be a year of recovery and innovation, with local businesses finding new ways to enhance guest experiences and adapt to shifting consumer preferences.”

Key Trends for 2025

Yandrasevich highlights several trends driving optimism:

  1. Increased Travel and Tourism:
    With an expected uptick in leisure travel and local tourism, Connecticut’s hotels, restaurants, and event venues are poised to see a significant rise in bookings. “People are eager to explore regional destinations, and Connecticut offers a perfect blend of natural beauty, cultural attractions, and culinary excellence,” Yandrasevich notes.

  2. Focus on Sustainability:
    More consumers are seeking eco-conscious options. “Hotels and restaurants are investing in green initiatives, from reducing waste to sourcing locally. This isn’t just a trend; it’s a necessity,” Yandrasevich explains.

  3. Technology Integration:
    From contactless check-ins to AI-driven guest personalization, technology is redefining hospitality. “Embracing these tools allows businesses to improve efficiency while delivering a seamless experience,” says Yandrasevich.

  4. Workforce Development:
    As staffing challenges remain, Yandrasevich emphasizes the need for investing in workforce training and retention programs. “The industry thrives on its people. Supporting them through education and well-being initiatives is crucial.”

Challenges Ahead

Yandrasevich acknowledges ongoing challenges, including economic uncertainty and rising operational costs. However, he remains confident in the industry’s ability to adapt. “The key is collaboration,” he says. “When businesses, local governments, and communities work together, we can overcome these hurdles and create a thriving environment for hospitality.”

A Call to Action

Yandrasevich urges stakeholders to focus on long-term growth strategies and to prioritize guest satisfaction. “Hospitality is about creating connections and memories. As we head into 2025, our goal should be to provide experiences that make Connecticut a standout destination,” he concludes.

For more insights or to schedule an interview with Scott Yandrasevich, please contact [PR Contact Name] at [Email Address] or visit [Website].

About Scott Yandrasevich
Scott Yandrasevich is a respected hospitality professional with a Master’s in Hospitality Management from UNLV and a career spanning decades. Known for his hands-on leadership and innovative approach, Scott has dedicated his life to improving guest experiences and mentoring the next generation of hospitality leaders.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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