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Ample FinTech Announces PBM3525, a Transformative Programmable Payments Technology for Digital Assets

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Singapore City, SG – Ample FinTech, a Singapore-based FinTech company, revealed its novel programmable money technology PBM3525 today. This technology enables individuals and commercial users to configure and customize payment conditions and logics on blockchains without involving financial intermediaries or programming smart contracts themselves. Ample FinTech stated that it has successfully applied this technology in Project DESFT, a pilot cross-border trade and payment solution supported by the Monetary Authority of Singapore and the Bank of Ghana. According to the leaders of this startup company, PBM3525 is a general purpose technology to digitalize an array of payment and financial tools such as bills, invoices, letters of credit, commercial papers, swap contracts, and more.

In the global fintech and financial innovation sectors, tokenization and distributed ledger technology (DLT) have become highly discussed topics. Many central banks around the world have launched pilot projects on Central Bank Digital Currency (CBDC), tokenized deposits, stablecoins and DLT to explore the potential of these technologies in the digital economy, especially in cross-board payment, international trade and supply chain finance. Project DESFT is a notable example among these central bank pilot initiatives.

In May 2024, Project DESFT completed its first cross-border payment pilot. The transaction utilized the Singapore dollar stablecoin and Ghana’s central bank digital currency (CBDC), eCedi. The pilot successfully employed PBM3525, an extension of “Purpose-Bound Money” technology, to facilitate the cross-border transaction.

Purpose-Bound Money (PBM) is a new advanced programmable payment technology. Before this innovation, there were two primary models to control and automate payment logics, Programmable Payments and Programmable Money. Purpose-Bound Money (PBM), as the third and latest model, combines the concepts and advantages of the two before it. Compared to these two models, PBM offers both the flexibility of programmable payments and the determinism of programmable money. In this new type of transferable token, programming logic and token value are tightly bound together. Technically, PBM can be seen as wrapping programming rules around digital assets to create a new type of transferable token that includes rules and underlying value tokens. Once conditions are met, PBM will release its underlying assets.

The reference implementation of PBM is based on the ERC-1155 standard, while Ample FinTech adopted the ERC-3525 semi-fungible token standard to create PBM and named it PBM3525, where “3525” indicates the use of this advanced token standard. PBM3525 extends the “Purpose-Bound Money” technology, enabling users to independently combine and create complex payment programming logic with simpler, more composable, and richer visualization features. With these features, PBM3525 is more conducive to commoditize the programmable money technology and its applications in various industries.

David LEE Kuo Chuen, co-founder of Ample FinTech, stated: “PBM3525 is a groundbreaking innovation in the field of programmable finance. The global financial sector is recognizing the significant opportunities that distributed ledger technology (DLT) and smart contracts bring to transforming payments and digital finance. Ample FinTech is honored to collaborate with the public sector on pioneering projects like Project DESFT, and is pleased to have successfully validated concepts and conducted cross-border payments using PBM3525 technology in this project. This achievement is just the beginning. As a versatile and powerful technology, PBM3525 has the potential to revolutionize numerous applications from digital finance to international trade.”

Zhexin Wan, Head of Research at Ample FinTech, is working on the next version of PBM3525, which is about privacy protection and compliance. He added, “PBM3525 represents a breakthrough in how digital payments are conceived and utilized. By integrating digital identity and verifiable credential technologies, PBM3525 can be one of the first DLT-based programmable payment solutions that delivers robust privacy protection and compliance features, which are essential for the real-world applications. We see a great potential, including scenarios such as cross-border payments, international trade, trade finance, contractual agreements, and online commerce, where it can help reduce counterparty risks and costs, and improve efficiency and transparency.”

This innovation marks a milestone on the path to digitizing economies, cross-border payments, and international trade. This technological innovation indicates that in the future, both businesses and individuals can use cutting-edge programmable payment technologies like PBM3525 without needing expensive intermediary services. PBM3525 brings significant efficiency improvements through its atomic settlement feature, addressing pain points in traditional cross-border payments such as long settlement times. It also simplifies international trade procedures and leverages its transparency to reduce compliance costs, bringing higher certainty and credibility to international trade. Ultimately, it enhances global financial inclusivity and opens new opportunities for global economic growth and cooperation.

The successful implementation of PBM3525 demonstrates blockchain technology’s potential to transform the financial industry, promoting the development of a more inclusive and interconnected global economy.

ZheXin Wan (Louis)

Email: service@amplefintech.com

About Ample FinTech: Ample FinTech is a Singapore-based financial technology solution development company that is engaging in multiple explorative digital currency and tokenization initiatives, including Project DESFT, which is supported by the Monetary Authority of Singapore and the Bank of Ghana.

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My Disability Provider Expands to Enhance Support Services for Individuals with Intellectual Disabilities across Australia

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The NDIS provider is pleased to add to the ever increasing roster of support services

Melbourne, Australia, 29th November 2024, ZEX PR WIREMy Disability Provider, a leading disability support organization, is excited to announce its expansion of services to better serve individuals with intellectual disabilities across Australia. This strategic move is part of the company’s ongoing commitment to improving accessibility, inclusivity, and the quality of life for Australians who rely on specialized support.

As part of the expansion, My Disability Provider has increased its service coverage to new regions, ensuring that more individuals and families have access to personalized care and essential support. The organization has also enhanced its suite of services, now offering a wider range of support options, from daily living assistance and community engagement to tailored capacity-building programs.

My Disability Provider has been a trusted partner for families across Australia, providing services that enable individuals with intellectual disabilities to lead fulfilling lives with greater independence. By expanding its footprint, the organization aims to reach more communities, particularly in underserved rural and regional areas, where access to disability support has traditionally been limited.

“Our goal has always been to empower people with intellectual disabilities to live their best lives, regardless of where they are in Australia,” said a spokesperson for My Disability Provider. “This expansion allows us to extend our reach to more families in need, providing them with the tailored support services they deserve. By investing in new regions, we are not just increasing our presence, but also deepening our impact in local communities.”

With the expanded services, My Disability Provider continues to uphold its commitment to delivering high-quality, person-centered care. The organization offers a wide range of support, including:

In-home Support: Assistance with daily tasks such as meal preparation, personal hygiene, and medication management.

Social and Community Participation: Programs designed to enhance social skills, community involvement, and personal development.

Skill Development and Capacity Building: Customized programs that focus on helping individuals build essential life skills for greater independence.

Respite Care: Temporary relief for families and caregivers, ensuring they receive the support they need while their loved ones receive high-quality care.

The expansion is driven by My Disability Provider’s mission to create inclusive environments where every individual, regardless of their abilities, feels valued and supported. The organization places a strong emphasis on fostering social connections, empowering individuals to explore new opportunities, and promoting overall well-being.

“Our team is dedicated to making a positive difference in the lives of those we serve,” The spokesperson added. “By expanding our services, we can provide even more families with access to resources that support the personal goals of individuals with intellectual disabilities. We believe that everyone deserves the opportunity to thrive, and we’re proud to be part of that journey.”

For more information about My Disability Provider, contact them on the information provided below.

About My Disability Provider:

My Disability Provider is a premier NDIS service provider in Melbourne, committed to offering high-quality disability support services. With a focus on personalized care and community integration, My Disability Provider strives to enhance the lives of individuals with disabilities through innovative and compassionate support solutions.

Contact Information

Website: https://mydisabilityprovider.com.au/

Phone: 0387 163 720

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Adelga and Carrot Fund Global Headquarters Officially Established in the United States, Ushering in a New Era of Inclusive Finance

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New York, US, 29th November 2024, After more than two years of meticulous preparation, the financial sector welcomes a major innovation: the establishment of Adelga & Carrot Fund in the United States. This groundbreaking initiative is spearheaded by Switzerland-based fund management institution Adelga AG, in collaboration with financial giants such as Barclays Capital and Truist Capital. This milestone marks the beginning of Adelga & Carrot Fund’s global strategic expansion, bringing new hope for inclusive finance to individual investors worldwide.

Adelga AG is a Switzerland-registered fund management institution, holding investment portfolio management credentials authorized by the Swiss Financial Market Supervisory Authority (FINMA). Its main business activities include global fund management, financial investment, and trading in securities and commodity contracts, along with related financial and insurance services. With 50 years of experience in the forex market, Adelga AG has delivered consistent and stable returns for numerous institutional partners.

The decision to establish Adelga & Carrot Fund’s global headquarters in the United States not only demonstrates its profound understanding of the global financial markets but also reflects its firm ambition to become a leader in international finance. The establishment of the global headquarters provides Adelga & Carrot Fund with a broader platform and solid foundation for implementing its global strategy.

From the outset, Adelga & Carrot Fund has set clear goals to expand its regulatory credentials under the National Futures Association (NFA) and Money Services Business (MSB) frameworks. This move aims to strengthen financial oversight, enhance the transparency and security of financial services, and provide robust financial protection for individual investors globally. Simultaneously, the company advocates the concept of inclusive finance, striving to create and safeguard wealth for all its managed users.

The launch of Adelga & Carrot Fund represents a significant innovation in the global financial market. It not only offers a more diversified range of financial products and services to individual investors worldwide but also introduces an unprecedented experience in inclusive finance. Through Adelga & Carrot Fund, global individual investors can access financial services more conveniently and achieve wealth preservation and growth.

Looking ahead, Adelga & Carrot Fund will remain committed to the principles of inclusive finance, continually innovating financial products and services to provide more comprehensive and high-quality financial solutions for individual investors worldwide. Furthermore, the company plans to strengthen its collaboration with financial regulatory authorities across nations to promote the healthy and stable development of the global financial market.

The establishment of Adelga & Carrot Fund marks the beginning of a new era in inclusive finance. There is every reason to believe that in the days to come, Adelga & Carrot Fund will leverage its unique strategic vision and innovative spirit to inject fresh vitality into the global financial market and create more wealth and opportunities for individual investors worldwide.

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Raymond Wolk Seals the Path for Community and Excellence in Michigan

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Founder of County Asphalt and Trucking LLC Shares Commitment to Quality and Giving Back

Michigan, US, 29th November 2024, ZEX PR WIRE, Raymond Wolk, founder of County Asphalt and Trucking LLC, is more than a paving professional—he’s a community builder. Since launching his company in 2005, Wolk has earned a reputation for delivering high-quality results while supporting the local community.

Wolk’s journey in the paving industry began early. At just 13 years old, he started learning the trade from his father and grandfather, both paving professionals. “I started helping out when I was just 13,” says Wolk. “It wasn’t easy work, but I loved it. There’s something satisfying about seeing the results of what you’ve built, knowing it’s going to last.”

In 2005, at just 23 years old, Wolk took the leap to launch County Asphalt and Trucking. “Starting out was scary,” he admits. “But I believed in doing things right, not just fast. That’s been the foundation of our success.”

A Commitment to Quality

County Asphalt has become known for its reliability and long-lasting results. Wolk’s philosophy is straightforward: quality is non-negotiable. “We don’t cut corners,” he explains. “Whether it’s a driveway or a major road project, we do it right the first time. Customers deserve results they can rely on.”

Using the latest tools and techniques, Wolk ensures precision and efficiency without compromising quality. “Technology helps us improve, but it’s our commitment to doing the best work possible that sets us apart,” he says.

Supporting the Community

Wolk’s impact goes beyond his projects. He actively volunteers at local shelters and donates to causes that matter to him. “I’ve been lucky in my career,” he says. “Giving back is my way of saying thanks. It’s important to help others when you can.”

This dedication to service reflects values instilled by his family. “My dad always said, ‘If you can help someone, do it.’ That stuck with me,” Wolk adds.

Looking Ahead

As County Asphalt continues to thrive, Wolk remains focused on growth while staying true to the values that built his success. “There’s always room to grow,” he says. “But no matter how much we grow, we’ll stick to hard work, honesty, and quality.”

Wolk is also passionate about inspiring the next generation to consider careers in skilled trades. “There’s so much opportunity in this field,” he explains. “It’s honest, rewarding work. If you’re willing to learn, you can build a great career.”

For Raymond Wolk, paving is more than a job—it’s about building something that lasts, creating trust with customers, and giving back to the community. “At the end of the day, it’s not just about asphalt,” he says. “It’s about people. That’s what makes it all worth it.”

Media Contact

https://www.raymondwolk.com/

https://www.linkedin.com/in/raymond-wolk/

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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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