Trailblazing Change: How Crypto.com, Bitget, and Others Are Transforming the Technology Sphere
In Brief
In this week's news roundup, we explore various advancements, from groundbreaking token trading initiatives and AI-driven financial solutions to fostering smooth Web3 gaming environments.
Key players like Crypto.com, Bitget, and Circle of Games are not merely enhancing the digital economy; they're also changing the way we engage with technology.
As these trailblazers forge ahead, their partnerships are poised to redefine the landscape of finance, gaming, and much more, ushering in a new era where digital and physical spheres intertwine in fascinating ways.
Bitget & Fiat24 Unite to Provide Innovative Crypto PayFi Solutions
Bitget , a prominent player in the crypto market, has joined forces with Swiss fintech innovator Fiat24 set out to innovate crypto payment options. Their collaboration aims at seamless integration between digital currencies and conventional financial frameworks, with a particular focus on Ethereum (ETH), Bitget Token (BGB), and USD Coin (USDC).
Bitget’s current solutions, such as Bitget Pay for quick and affordable crypto transactions and the widely accepted Bitget Card for converting digital currency to fiat, have established a solid groundwork. Fiat24 enhances this by introducing its blockchain-based banking platform, providing customers in more than 65 nations access to Swiss offshore accounts and Mastercard debit cards, thereby improving transparency and user autonomy.
Together, these two entities envision transforming financial accessibility. Bitget aspires to make crypto payments part of everyday life, while Fiat24's infrastructure guarantees secure and user-friendly transactions.
Gracy Chen, the CEO of Bitget, emphasized that this partnership is a crucial advancement toward empowering users globally, especially those lacking access to traditional banking through crypto-friendly financial solutions.
This collaboration marks a vital leap forward in the evolution of PayFi technology, indicating a future in which digital currencies become central to daily financial operations. Through fostering innovation and encouraging adoption, Bitget and Fiat24 aim to make crypto an accessible financial tool for everyone.
COG's Web3 Gaming Partnership
At the Global Game Show in Dubai, Circle of Games (COG) recently launched their gaming platform powered by Web3, representing a remarkable step in the evolution of casual gaming. This platform merges blockchain technology with engaging gameplay, offering an appealing experience for newcomers to blockchain and avid gamers alike.
Prominent industry players, such as Nazara Technologies and The Hashgraph Group, support this revolutionary initiative. The platform kicked off with six games, including beloved classics like Chess and Ludo-Classic, demonstrating how blockchain can be integrated smoothly while keeping users engaged.
By early 2025, COG intends to broaden its offerings to include 10 games, aiming to attract a diverse audience with varying interests. Utilizing the Hedera blockchain, the platform has already amassed 500,000 active users and aims for a remarkable target of 25 million users worldwide within the next two years.
With its launch in Dubai, COG aims for rapid expansion throughout the MENA region, including Saudi Arabia, Egypt, and Turkey, as part of its ambitious plan to engage millions of players by 2027.
CEO Rabilal Thapa emphasized the company's goal of making blockchain technology more approachable while enhancing the overall gaming experience. As the gaming industry evolves, COG is at the forefront, connecting traditional gaming with the progressive world of Web3.
bitgrit & BTSE to Debut the BGR Token
Japan-based AI innovator bitgrit has formed a strategic alliance with a leading international cryptocurrency exchange BTSE to launch its BGR token, representing a major milestone in amalgamating artificial intelligence with blockchain technology. This collaboration strategically positions bitgrit for expanded global reach while providing users with secure and efficient access to the BGR token.
By not only offering a trading venue but also listing the token on BTSE, it elevates its stature among global investors. With meticulous planning, bitgrit aims to make BGR widely accessible to users around the globe by integrating it into BTSE’s thriving ecosystem. Their overarching objective is to create actionable applications that connect advanced technology with everyday use, making this achievement a crucial step in that direction.
This partnership also leverages BTSE’s extensive network to foster broader adoption, opening pathways for bitgrit to enhance its foothold in the market. The BGR token underpins bitgrit’s ecosystem, which seeks to unify investors, data scientists, and developers to unlock the full potential of AI.
Bitgrit and BTSE are joining forces to redefine the influence of technology in generating transformative global solutions by interlinking AI and blockchain. Together, their ambition is to cultivate a decentralized economy that nurtures innovation and sustainable development.
Crypto.com & F1 Continuing Until 2030
The partnership between Formula 1 and Crypto.com which began in 2021, has been extended until 2030. This renewal reflects the shared vision of both organizations to enhance engagement from fans while educating them about the cryptocurrency market.
Since the inception of their partnership, Formula 1 has captivated a vast global audience, amassing 1.5 billion TV viewers, 750 million fans, and 96 million social media followers. Concurrently, Crypto.com has emerged as the leading name in the crypto sector, boasting over 100 million users worldwide.
Under the newly extended agreement, Crypto.com emphasizes crafting unique fan experiences and activations at various Grand Prix events, ensuring prominent branding visibility during major races. The agreement secures Crypto.com’s continued status as the Official Title Partner of the Formula 1 Crypto.com Miami Grand Prix, which has been in place since its commencement in 2022.
With a hopeful outlook on the future of cryptocurrencies and the partnership's potential, Steven Kalifowitz, Chief Marketing Officer of Crypto.com, underscored the importance of Formula 1 in enhancing the brand's global presence. This revitalization aligns perfectly with Crypto.com’s ambitious objectives for 2025, aiming to position itself as the premier destination for all things related to digital currency and cryptocurrency.
Crypto.com Establishes a New Custody Trust Company
Crypto.com stands as the predominant market leader in cryptocurrency services and has now established the Crypto.com Custody Trust Company , a trust company based in the United States. This strategic move enables the organization to offer secure asset custody services to qualifying institutions and clients across the U.S. and Canada.
In the coming weeks, digital assets for customers in these regions will be smoothly transitioned to the new platform. Crypto.com has reassured users that they will maintain continuous access to their accounts and funds throughout the transition, ensuring they are well-informed at every step.
"This marks a historic advancement,\" stated Kris Marszalek, co-founder and CEO of Crypto.com. He highlighted the platform’s ongoing commitment to enhancing services and establishing a stronger presence in these key markets and emphasized the company's confidence in the North American cryptocurrency landscape.
In a separate update, Crypto.com announced a collaboration with Deutsche Bank to bolster corporate banking services in Singapore, Australia, and Hong Kong. This partnership aims to optimize operational efficacy while establishing a robust foundation for future growth.
Karl Mohan, Crypto.com’s General Manager for APAC and MEA, pointed out that collaborating with a prestigious financial institution reinforces Crypto.com’s dedication to security, compliance, and global expansion.
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