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Southeast Asia Prepares for CBDC Revolution as Nuspay and Bits & Blocks Announce Major Collaboration

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2 months ago

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New York, United States, 19th Sep 2024 – Nuspay International Incorporated, a pioneering USA-based fintech leader, in partnership with Bits & Blocks Ltd., is proud to announce the launch of a transformative Central Bank Digital Currency (CBDC) project that promises to revolutionize the future of finance. Focused on innovation and security, this project is set to reshape the region’s financial infrastructure, driving greater financial inclusion and fueling economic growth. The initiative is further bolstered by the participation of Peacock Trust United Kingdom, known for its extensive expertise in financial research and innovation.

Built on Nuspay International’s cutting-edge blockchain technology and fintech experience, and combined with Bits & Blocks’ strategic expertise in navigating the Southeast Asian financial landscape, this CBDC project addresses the core challenges faced by traditional financial systems, such as inefficiency, high transaction costs, and a lack of transparency. By focusing on creating a secure, scalable, and compliant digital currency solution, the project aims to redefine how Southeast Asian economies engage with digital finance.

Md. Abul Mansur, Managing Director of Nuspay International Incorporated, has been an early pioneer in the conceptualization of CBDC. Reflecting on his work, Mr. Mansur shared: “I began developing the initial concept of CBDC around currency virtualization, envisioning a solution that goes beyond e-Money, which is often controlled by commercial entities rather than the central bank. I asked myself, ‘If fiat currency is controlled by central banks, why shouldn’t e-Money be as well?’ This thinking led me to build the technological framework for CBDC, ensuring that it aligns with central bank regulations to provide the highest levels of security, transparency, and trust.”

Nuspay International’s contribution to this project focuses on leveraging its expertise in blockchain technology and digital security, creating a robust framework that facilitates real-time payments, enhanced traceability, and significantly reduced transaction costs.

With Nuspay’s proven track record, this CBDC solution is tailored to meet the unique needs of Southeast Asia, ensuring seamless integration with existing financial systems while improving efficiency and reducing risks inherent in traditional currency models.

Mr. Mohammed Nurul Afsar, Managing Director of Bits & Blocks Ltd., expressed his enthusiasm for the project: “Bits & Blocks is honored to be part of this innovative venture. Our goal is to create a business strategy that ensures the CBDC system complies with local regulations and is tailored to the specific needs of financial institutions and governments in Southeast Asia. This project will fundamentally transform how financial transactions are conducted in the region, providing a secure, scalable solution that will shape the future of finance.”

Adding credibility and ensuring the project’s strategic alignment with global financial standards is Peacock Trust, under the leadership of Dr. Shamima Hardcastle, CEO of Peacock Trust United Kingdom. Peacock Trust not only drives financial research and innovation but also operates the Educational Research Institute, working with Generative AI to enhance financial education. Dr. Hardcastle also serves as President of Nuspay (UK Operations), reinforcing the project’s integrity and ensuring it adheres to the highest international standards.

Commenting on the initiative, Dr. Hardcastle remarked: “This CBDC project is a game-changer for Southeast Asia. By combining the technological expertise of Nuspay International with the strategic vision of Bits & Blocks, we are building a digital currency system that is secure, efficient, and fully compliant with regulatory requirements. This will usher in a new era of financial transparency and inclusivity.”

The introduction of CBDC in Southeast Asia is expected to offer significant benefits, including enhanced security, faster payments, and lower transaction costs. By harnessing the power of blockchain technology, each CBDC transaction will be transparent and traceable, helping governments combat illegal activities such as money laundering and tax evasion. Furthermore, eliminating intermediaries will make transactions more affordable and accessible, addressing key barriers to financial inclusion in the region.

The impact of this project on internal monetary flows, cross-border payments, and remittances—a vital source of income for many Southeast Asian countries—will be substantial. CBDC will enable real-time cross-border transfers, reducing the delays and high fees that traditionally accompany such transactions. Additionally, by providing unbanked populations with access to digital financial services, this project will foster broader financial inclusion, allowing more people to participate in the formal economy.

As the global economy continues its shift towards digital finance, the collaboration between Nuspay International Incorporated and Bits & Blocks Ltd. positions Southeast Asia as a leader in CBDC adoption. With a focus on security, scalability, and inclusivity, this project sets the stage for future digital currency systems, providing a path to a more efficient, transparent, and inclusive financial future.

For more information about this transformative CBDC project and how it can benefit financial institutions, governments, and consumers, please contact: care@nuspay.com

About Nuspay International Incorporated

Nuspay International Incorporated, based in the USA, is a global leader in fintech innovation, specializing in blockchain-based digital payment systems. Known for delivering secure and scalable financial solutions, Nuspay is at the forefront of technological advancements in the digital economy.

About Bits & Blocks Ltd.

Founded in 2023, Bits & Blocks Ltd. is a fast-growing company specializing in CBDC solutions. With a strong focus on regulatory compliance and business strategy, Bits & Blocks is committed to driving the future of digital finance across Southeast Asia.

About Peacock Trust

Peacock Trust United Kingdom, established in 1999, is a non-profit organization dedicated to promoting financial literacy, inclusion, and innovation. The Trust operates globally through initiatives such as the Educational Research Institute and works with Generative AI to advance financial education and innovation.

Media Contact

Organization: Nuspay International Incorporated

Contact Person: Md Abul Mansur

Website: https://nuspay.com/

Email: Send Email

City: New York

Country: United States

Release Id: 19092417183

The post Southeast Asia Prepares for CBDC Revolution as Nuspay and Bits & Blocks Announce Major Collaboration 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

Tradeview Markets Shines at Finance Magnates London Summit 2024

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3 minutes ago

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November 26, 2024

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London, UK, 26th November 2024, ZEX PR WIRE, Tradeview Markets proudly stole the spotlight at the Finance Magnates London Summit 2024, a premier two-day event that brought together the biggest names in the financial industry.

With one of the best-looking booths, Tradeview’s presence was unmatched, attracting more attendees than any other exhibitor at the summit.

A Hub of Connection and Innovation
Tradeview´s team made the most of every moment, engaging with industry leaders, networking with professionals from across the globe, and showcasing cutting-edge technological advancements. Visitors at the booth not only experienced the future of trading but also left with exclusive giveaways—caps, ties, pens, and more—making Tradeview’s stands the ultimate destination at the summit.

Unforgettable Experiences and Star Power

In a highlight that wowed attendees, players from the Leicester Tigers men’s and women’s teams were at booth #31 to meet fans and take photos. This unique collaboration underscored Tradeview’s commitment to blending industry excellence with engaging, memorable experiences.

Adding to the excitement, models and influencers brought energy and style the booth, ensuring that Tradeview was a trending topic throughout the summit. From product demonstrations to interactive sessions, the buzz surrounding Tradeview Markets was electric.

A Bright Future for Tradeview Markets
“Tradeview Markets is thrilled to have been such a pivotal part of the Finance Magnates London Summit 2024,” said Tim Furey, CEO at Tradeview Markets. “This event provided an incredible platform for us to connect with the global financial community, showcase our innovations, and highlight what makes Tradeview a leader in the industry. The response was phenomenal, and we’re excited to continue building on this momentum.”

Looking Ahead
Tradeview Markets remains dedicated to pushing boundaries and leading the way in the financial services sector. With the success of the Finance Magnates London Summit 2024, the company is poised for an exciting year ahead, filled with innovation, growth, and continued industry leadership. Additionally, Tradeview Markets will participate in the Traders Fair in Hong Kong on December 14th.

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Press Release

China-Europe Industrial Innovation Zone: Creating a model zone for China-EU cooperation

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17 minutes ago

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November 26, 2024

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2024 marks the 21st anniversary of establishing a comprehensive strategic partnership between China and Europe, China-EU relations are showing good momentum of consolidation and development. China looks forward to the EU becoming a key partner in pursuing Chinese modernization, sharing opportunities in its vast market, institutional opening-up, and deepening international collaboration.

Wuxi, a core city in the Yangtze River Delta urban agglomeration, has attracted investments from European companies such as AstraZeneca, Bosch, and Siemens since China’s coastal opening up. The city has opened up China-Europe freight train services and direct cargo routes to Europe, fostering deepening economic and trade cooperation—Wuxi High-tech Zone, located in the hinterland of the Yangtze River Delta with convenient transportation links. Since becoming a national high-tech zone in 1992, it has incubated a robust ecosystem of technological innovation, housing numerous postdoctoral workstations, listed companies, and high-tech enterprises. Ranked 4th among China’s top 100 districts for high-quality development and 18th among 177 national high-tech zones, Wuxi High-tech Zone stands out as a beacon of growth.

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In November 2023, the Wuxi China-Europe Industrial Innovation Zone was officially launched.

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As an open window for China-Europe cooperation, the China-Europe Industrial Innovation Zone aims to promote high-level openness, serving as a platform for sharing opportunities globally, a bridge for deepening EU collaboration, and a forefront for innovation in China-Eu partnerships. By the end of 2023, EU countries states had invested in 166 projects in the Wuxi High-tech Zone, with a total investment of €15 billion. In 2023 alone, these projects generated sales revenue of RMB 118.23 billion and contributed RMB 8.18 billion in taxes.IMG_256

Spanning a total planned area of 24.5 square kilometers, the China-Europe Industrial Innovation Zone is situated in the Meicun area of the Wuxi High-tech Zone. The core area covers 7.7 square kilometers, with the initial development area along both sides of Xinhua Road spanning 1.15 square kilometers. Anchored in Meicun Street, the zone aims to become a model for China-Europe cooperation, providing a premium platform for the Wuxi High-tech Zone and the city of Wuxi to strengthen international collaboration. The first phase of construction has already reached the structural topping-off stage and is expected to be completed by March 2025.

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Building on Wuxi High-tech Zone’s solid foundation of international industrial cooperation, the China-Europe Industrial Innovation Zone adheres to a philosophy of integrated development of science, industry, and urbanization. It is actively developing four international cooperation sub-parks: the China-Germany International Cooperation Industrial Park, the China-France International Cooperation Industrial Park, the China-Switzerland International Cooperation Industrial Park, and the China-Israel International Cooperation Industrial Park.

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The China-Europe Industrial Innovation Zone targets an annual output value of RMB 160 billion and tax revenue exceeding RMB 8 billion. It aims to attract at least 30 European “hidden champion” enterprises, including over 10 multinational company headquarters. The zone will construct more than 500,000 square meters of innovation facilities and jointly establish at least three European industrial technology transfer centers. Efforts to attract major China-Europe cooperative projects are being intensified, with key EU-related projects such as Legrand, AML Systems, Schneider Electric, Faurecia, and Siemens accelerating their presence in the zone. The future focus will be on cutting-edge EU technologies and innovations, optimizing industrial structure and layout to position the zone as a leading provincial-level economic development zone, Wuxi High-tech Zone’s preferred industrial destination, and a top-tier international industrial cooperation zone renowned across China and the Yangtze River Delta.

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Press Release

Kumip Emerges as one of the Top Cryptocurrency Exchanges Offering Innovation, Speed, and Security

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17 minutes ago

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November 26, 2024

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Kumip.com has empowered over 3 million traders globally with cutting-edge tools, lightning- fast execution, and institutional-grade security

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Participating in cryptocurrency trading means handling finances and requires accuracy, security, and the possibility of rewards in a constantly changing environment. Kumip.com, a popular cryptocurrency exchange, is driving this revolution by transforming the industry through advanced technology and user-focused features as a global cryptocurrency trading platform. Kumip has emerged as a trustworthy partner for traders in the rapidly evolving crypto markets, with over 3 million active users, handling more than 61 million transactions, and producing a daily turnover exceeding $173 million.

Kumip: A Cryptocurrency Exchange Built for Excellence

Kumip’s core is based on creativity, quickness, and a solid dedication to user safety. Kumip provides a varied set of tools and features to both novel and experienced traders, intending to simplify trading and address the unique challenges of the cryptocurrency business.

Kumip is transforming cryptocurrency trading by providing fast order processing, a diverse portfolio of assets, and advanced trading tools.

Unparalleled Features That Drive Success

Ultra-Fast Matching Engine

Speed is paramount in cryptocurrency trading, and Kumip delivers. It has a fast-matching engine that can process over 100000 transactions per second, with a latency of below 0.01 ms. This means that trade is done effectively as much as possible; this is ensured more so when there is intense market volatility.

Comprehensive Asset Coverage

Kumip offers a diverse selection of cryptocurrencies in comparison to its industry counterparts. Thus, via the platform, the user can diversify their investment portfolios and search for new productive points within the cryptocurrency market, which can include both traditional assets like Bitcoin or Ethereum and ‘alternatives.’

Advanced Trading Tools for Every Strategy

Kumip empowers its users with tools designed for precision and flexibility:

  • Limit, market, and stop orders for tailored trading approaches.
  • Engaging in margin trading with leverage of up to 150x offers experienced traders the opportunity to access significant growth potential.
  • Instant notifications for liquidation and risk management systems that instill trust in rapidly changing markets.

Institutional-Grade Security Measures

Security is the cornerstone of Kumip’s operations. The platform employs a multi-layered security protocol that includes:

  • Cold storage solutions safeguarding 99% of user funds.
  • Multi-signature wallets are used to enhance transaction security.
  • AI-powered systems for detecting threats are created to recognize and mitigate possible dangers before they become reality.

Yield Farming and Staking Opportunities

Kumip offers yield farming across multiple DeFi protocols for users seeking additional earning avenues. Investors also have a choice of strategy and different holding periods to enter Bitcoin, and they can also extract returns by investing in it.

AI-Powered Trading Bots

Kumip’s trading bots, powered by AI, enable traders to automate their strategies. These bots analyze current market conditions extensively and execute trades very accurately, making them crucial for users wanting to improve efficiency.

Peer-to-Peer (P2P) Trading

Like other centralized exchanges, Kumip offers a commission-free platform that lets users buy and sell cryptocurrencies to each other. A reliable escrow service and multiple payment options guarantee safe and flexible trading on a worldwide level.

Deep Liquidity Pools

Liquidity is crucial in achieving competitive rates and reducing slippage. Kumip’s extensive liquidity pools ensure an ideal trading environment for both retail and institutional traders. Participants have the option to contribute as liquidity providers, receiving incentives as they help maintain the platform’s ecosystem.

Revolutionizing Financial Management in the Digital Era

Beyond trading, Kumip is redefining how users interact with digital finance through innovative tools:

  • Virtual credit cards for enhanced transaction flexibility.
  • Mobile banking integration for seamless asset management.
  • Secure transaction management systems aim to offer peace of mind to all users.

Kumip’s dedication to innovation guarantees that users can utilize the latest financial technology available in the market, positioning the platform as a leader in the cryptocurrency industry.

Transparent and Real-Time Market Insights

Kumip’s platform offers users live price tracking for popular cryptocurrencies, including:

  • Bitcoin (BTC): $97,800.01 (-0.496%)
  • Ethereum (ETH): $3,404.57 (-0.452%)
  • Ripple (XRP): $1.4811 (+0.968%)
  • Dogecoin (DOGE): $0.4274 (-2.344%)

Users can make informed decisions in a constantly evolving market utilizing current data.

Leading the Future of Crypto Trading

Kumip’s vision is to create a trading environment where innovation and security converge to meet the needs of every trader. By combining advanced technology, comprehensive asset coverage, and robust security, Kumip is not just keeping pace with the cryptocurrency revolution but defining it.

About Kumip

Kumip is a global exchange for trading cryptocurrencies, providing outstanding trading experiences with cutting-edge technology, extensive tools, and high-level security measures.

Kumip, with more than 3 million traders, is changing how people and institutions interact with digital assets.

For more information or to start trading, visit kumip.com.

Media Contact

Contact person: Andrew Lare

Company name: Kimip

Website: https://Kumip.com

Email: admin@Kumip.com

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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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