AI Router Protocol, a next-generation DePIN and AI-powered cross-chain routing platform, has secured a strategic investment from BIGBULL Capital, reinforcing the project’s growing influence in blockchain infrastructure. The investment highlights increasing institutional confidence in AI Router Protocol’s mission to address one of blockchain’s most persistent challenges — interoperability.

AI Router Protocol is designed to connect multiple blockchains through intelligent AI-driven routing mechanisms, enabling faster, more secure, and more cost-efficient transactions across different networks. By dynamically identifying the optimal transaction path, the protocol reduces latency and network congestion, delivering a seamless experience for developers, enterprises, and retail users alike.

The partnership with BIGBULL Capital goes beyond financial support, bringing strategic advisory, deep industry connections, and potential entry into new global markets.
“The AI Router Protocol team is building the kind of critical infrastructure that can power the next evolution of blockchain technology,” said a BIGBULL Capital spokesperson. “Their AI-first approach to solving interoperability challenges puts them in a leadership position in the multi-chain ecosystem.”

With strong institutional backing, AI Router Protocol is now expanding its validator network, integrating additional blockchain partners, and enhancing its AI-powered algorithms to support high-volume, global-scale adoption. The project’s commitment to technical innovation and network scalability positions it as a key player in the infrastructure layer of the Web3 economy.

The post BIGBULL Capital Strengthens AI Router Protocol’s Push for Seamless Multi-Chain Interoperability appeared first on Asia Crypto Times.

 AI Router Protocol, a next-generation DePIN and AI-powered cross-chain routing platform, has secured a strategic investment from BIGBULL Capital, reinforcing the project’s growing influence in blockchain infrastructure. The investment highlights increasing institutional confidence in AI Router Protocol’s mission to address one of blockchain’s most persistent challenges — interoperability.

AI Router Protocol is designed to connect multiple blockchains through intelligent AI-driven routing mechanisms, enabling faster, more secure, and more cost-efficient transactions across different networks. By dynamically identifying the optimal transaction path, the protocol reduces latency and network congestion, delivering a seamless experience for developers, enterprises, and retail users alike.

The partnership with BIGBULL Capital goes beyond financial support, bringing strategic advisory, deep industry connections, and potential entry into new global markets.
“The AI Router Protocol team is building the kind of critical infrastructure that can power the next evolution of blockchain technology,” said a BIGBULL Capital spokesperson. “Their AI-first approach to solving interoperability challenges puts them in a leadership position in the multi-chain ecosystem.”

With strong institutional backing, AI Router Protocol is now expanding its validator network, integrating additional blockchain partners, and enhancing its AI-powered algorithms to support high-volume, global-scale adoption. The project’s commitment to technical innovation and network scalability positions it as a key player in the infrastructure layer of the Web3 economy.

The post BIGBULL Capital Strengthens AI Router Protocol’s Push for Seamless Multi-Chain Interoperability appeared first on Asia Crypto Times.

 AI Router Protocol, a next-generation DePIN and AI-powered cross-chain routing platform, has secured a strategic investment from BIGBULL Capital, reinforcing the project’s growing influence in blockchain infrastructure. The investment highlights increasing institutional confidence in AI Router Protocol’s mission to address one of blockchain’s most persistent challenges — interoperability.

AI Router Protocol is designed to connect multiple blockchains through intelligent AI-driven routing mechanisms, enabling faster, more secure, and more cost-efficient transactions across different networks. By dynamically identifying the optimal transaction path, the protocol reduces latency and network congestion, delivering a seamless experience for developers, enterprises, and retail users alike.

The partnership with BIGBULL Capital goes beyond financial support, bringing strategic advisory, deep industry connections, and potential entry into new global markets.
“The AI Router Protocol team is building the kind of critical infrastructure that can power the next evolution of blockchain technology,” said a BIGBULL Capital spokesperson. “Their AI-first approach to solving interoperability challenges puts them in a leadership position in the multi-chain ecosystem.”

With strong institutional backing, AI Router Protocol is now expanding its validator network, integrating additional blockchain partners, and enhancing its AI-powered algorithms to support high-volume, global-scale adoption. The project’s commitment to technical innovation and network scalability positions it as a key player in the infrastructure layer of the Web3 economy.

The post BIGBULL Capital Strengthens AI Router Protocol’s Push for Seamless Multi-Chain Interoperability appeared first on Asia Crypto Times.

 AI Router Protocol, a next-generation DePIN and AI-powered cross-chain routing platform, has secured a strategic investment from BIGBULL Capital, reinforcing the project’s growing influence in blockchain infrastructure. The investment highlights increasing institutional confidence in AI Router Protocol’s mission to address one of blockchain’s most persistent challenges — interoperability.

AI Router Protocol is designed to connect multiple blockchains through intelligent AI-driven routing mechanisms, enabling faster, more secure, and more cost-efficient transactions across different networks. By dynamically identifying the optimal transaction path, the protocol reduces latency and network congestion, delivering a seamless experience for developers, enterprises, and retail users alike.

The partnership with BIGBULL Capital goes beyond financial support, bringing strategic advisory, deep industry connections, and potential entry into new global markets.
“The AI Router Protocol team is building the kind of critical infrastructure that can power the next evolution of blockchain technology,” said a BIGBULL Capital spokesperson. “Their AI-first approach to solving interoperability challenges puts them in a leadership position in the multi-chain ecosystem.”

With strong institutional backing, AI Router Protocol is now expanding its validator network, integrating additional blockchain partners, and enhancing its AI-powered algorithms to support high-volume, global-scale adoption. The project’s commitment to technical innovation and network scalability positions it as a key player in the infrastructure layer of the Web3 economy.

The post BIGBULL Capital Strengthens AI Router Protocol’s Push for Seamless Multi-Chain Interoperability appeared first on Asia Crypto Times.

Plum Insurance Reports Exceptional Financial Growth in FY24

Plum Insurance, a fast-growing player in employee benefits and healthcare solutions, has achieved remarkable financial growth in the fiscal year ending March 2024. Backed by Tiger Global, this startup saw its operating revenue surge 2.5X, alongside a significant 54% reduction in its losses. Let’s dive into the details of this outstanding financial performance.

Revenue Surge: A 2.5X Jump in FY24

Plum Insurance’s operating revenue skyrocketed to Rs 41.3 crore in FY24, up from Rs 16.2 crore in the previous fiscal year (FY23). This growth reflects a solid market demand for the company’s group insurance solutions and health benefits services tailored to startups and small to medium-sized enterprises (SMEs).

The company’s services range from comprehensive group insurance to well-being perks such as doctor consultations, health check-ups, yoga and fitness sessions, mental wellness support, nutrition advice, and dental care, which have all contributed to this expansion.

Key Contributor: Insurance Commission Revenue

A substantial portion of Plum Insurance’s revenue growth can be attributed to the rise in its insurance commission income. This segment accounted for a remarkable 93.08% of the company’s total operating revenue, amounting to Rs 38.46 crore in FY24, compared to just Rs 14.6 crore the year before. This impressive 2.6X jump highlights the increasing reliance of businesses on Plum’s insurance services.

Additionally, revenue from health benefits services grew by 79.9%, reaching Rs 2.9 crore in FY24. The rise in demand for holistic employee wellness programs is becoming more evident as companies seek to offer comprehensive healthcare packages to their employees.

Other Income: Interest Gains Add to Total Income

Alongside its core revenue streams, Plum Insurance earned an additional Rs 4 crore from interest income. This boost brought its total income for FY24 to Rs 45.3 crore, further reflecting the company’s diverse income sources and financial strength.

Cutting Costs: A Focus on Efficiency

On the expenditure front, Plum Insurance displayed a clear focus on cost management. Employee benefit expenses, which made up the majority of its spending, stood at Rs 54.3 crore, accounting for 76.7% of total expenses. However, the company successfully reduced these costs by 14.1% compared to the previous fiscal year, showcasing its growing efficiency.

Breakdown of Expenses

Several expense categories saw noticeable changes:

• Software License Fees: These costs fell by 29.8%, totaling Rs 3.44 crore.
• Rent Expenses: Costs related to office space rose by 26.1%, reaching Rs 3.04 crore.
• Health Benefits Fees: These expenses increased by 43.3%, amounting to Rs 2.88 crore, reflecting Plum’s continued investment in employee wellness programs.

Despite these increases, Plum Insurance managed to reduce its total expenses by 12.6%, bringing the total figure to Rs 70.8 crore in FY24, down from Rs 81.1 crore in FY23.

Reducing Losses: Plum Insurance Improves Financial Health

One of the most significant achievements for Plum Insurance in FY24 was its ability to reduce its losses by 54%. The company’s losses dropped from Rs 55 crore in FY23 to Rs 25.5 crore in FY24. This was made possible by both increased revenues and smarter cost-cutting strategies.

While Plum still operates at a loss, the improved loss margins are a positive sign of the company’s progress toward profitability. Its Return on Capital Employed (ROCE) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins also showed positive improvement, moving to -39.23% and -53.64%, respectively.

Operational Efficiency: Spending Wisely to Grow

Plum Insurance spent Rs 1.71 for every rupee earned in FY24, a notable reduction from previous years. This marks the company’s focus on optimizing its spending while growing its revenue base. Its financial discipline will likely be crucial as it continues to scale its operations in the coming years.

Strong Backing and Funding: A Bright Future Ahead

Plum Insurance has secured significant backing from high-profile investors, including Tiger Global Management, Incubate Fund, and Surge Ventures. To date, the company has raised a total of $20.57 million, which will provide the necessary capital to fund its ongoing growth and expansion.

The company’s impressive performance in FY24 demonstrates its potential to lead the market in employee benefits and healthcare solutions. With continued innovation and a strong investor base, Plum Insurance is well-positioned to grow further in the coming fiscal years.

Looking Ahead: What’s Next for Plum Insurance?

Plum Insurance’s growth trajectory is exciting, especially with the rapid adoption of health benefits and insurance services by startups and SMEs. The company’s ability to increase revenue while decreasing losses suggests that it’s on a solid path to sustainability and profitability. As the demand for comprehensive employee wellness solutions continues to rise, Plum Insurance’s innovative offerings are likely to make it a leader in the sector.

Conclusion: A Year of Strong Progress for Plum Insurance

In FY24, Plum Insurance demonstrated exceptional growth, with 2.5X revenue growth and a significant reduction in losses. The company’s ability to increase its core revenue streams, improve cost efficiency, and maintain investor confidence suggests that it is well-positioned for the future.

With a bright future ahead and a clear path toward profitability, Plum Insurance’s performance in FY24 is a testament to its strong foundation and commitment to providing comprehensive employee benefits and healthcare solutions.

The post Plum Insurance Sees 2.5X Revenue Growth in FY24, Halves Losses Amid Strong Expansion appeared first on Asia Crypto Times.

Cryptocurrency is reshaping the global payment ecosystem, offering innovative solutions to longstanding challenges in traditional finance. From enhancing security to enabling borderless transactions, crypto is becoming a pivotal force in the evolution of how we transfer value.

The Rise of Cryptocurrency in Payments

The first cryptocurrency, Bitcoin, introduced in 2009, was designed as a decentralized alternative to fiat currency. Initially met with skepticism, it gradually gained traction as a medium of exchange and a store of value. Today, cryptocurrencies like Ethereum, Litecoin, and stablecoins such as USDT and USDC are leading the charge in transforming the payment landscape.

Advantages of Crypto Payments

1. Lower Transaction Costs
   Traditional payment systems often involve intermediaries, leading to high transaction fees. Cryptocurrencies eliminate these intermediaries, reducing costs significantly, especially for cross-border transactions.
2. Faster Transactions
   While bank transfers can take days, cryptocurrency transactions settle in minutes or seconds, regardless of geographical boundaries.
3. Increased Security
   Blockchain technology underpins cryptocurrencies, offering transparency and immutable transaction records. This reduces the risk of fraud and enhances trust.
4. Financial Inclusion
   Cryptocurrencies provide access to financial services for the unbanked population, enabling participation in the global economy without the need for a traditional bank account.

Changing Dynamics in Business Adoption

Major corporations, small businesses, and even governments are beginning to accept cryptocurrencies as payment. Companies like Tesla, Microsoft, and PayPal have embraced crypto payments, while nations like El Salvador have adopted Bitcoin as legal tender.

The Role of Stablecoins and CBDCs

While volatile cryptocurrencies like Bitcoin pose challenges for everyday transactions, stablecoins pegged to fiat currencies offer stability. Central Bank Digital Currencies (CBDCs), such as China’s digital yuan, represent governments’ efforts to integrate blockchain’s benefits while maintaining regulatory oversight.

Challenges in the Crypto Payment Ecosystem

1. Volatility
   The fluctuating value of cryptocurrencies can deter their use for day-to-day transactions.
2. Regulatory Uncertainty
   Governments worldwide are grappling with how to regulate crypto payments, creating a fragmented landscape for businesses and users.
3. Scalability
   As adoption grows, blockchain networks must scale to handle increased transaction volumes without compromising speed or cost-efficiency.
4. Environmental Concerns
   Energy-intensive mining processes for certain cryptocurrencies have raised environmental concerns, prompting a shift toward eco-friendly solutions like Proof of Stake (PoS).

The Future of Crypto Payments

The payment ecosystem is on the cusp of a significant transformation as crypto adoption continues to rise. Innovations like Layer 2 solutions, decentralized finance (DeFi) platforms, and smart contracts are enabling more seamless and automated transactions.

Moreover, the integration of blockchain with traditional payment systems, such as Visa and Mastercard supporting crypto payments, signals a future where digital and fiat currencies coexist harmoniously.

Conclusion

Cryptocurrency is not just a fleeting trend but a revolution in how value is transferred globally. While challenges remain, the potential for cryptocurrencies to create a faster, more secure, and inclusive payment ecosystem is undeniable. As technology evolves and regulatory clarity emerges, crypto will likely become an integral part of everyday transactions, redefining the financial landscape.

The post The Evolution of Cryptocurrency in the Payment Ecosystem appeared first on Asia Crypto Times.

Cryptocurrency is reshaping the global payment ecosystem, offering innovative solutions to longstanding challenges in traditional finance. From enhancing security to enabling borderless transactions, crypto is becoming a pivotal force in the evolution of how we transfer value.

The Rise of Cryptocurrency in Payments

The first cryptocurrency, Bitcoin, introduced in 2009, was designed as a decentralized alternative to fiat currency. Initially met with skepticism, it gradually gained traction as a medium of exchange and a store of value. Today, cryptocurrencies like Ethereum, Litecoin, and stablecoins such as USDT and USDC are leading the charge in transforming the payment landscape.

Advantages of Crypto Payments

1. Lower Transaction Costs
   Traditional payment systems often involve intermediaries, leading to high transaction fees. Cryptocurrencies eliminate these intermediaries, reducing costs significantly, especially for cross-border transactions.
2. Faster Transactions
   While bank transfers can take days, cryptocurrency transactions settle in minutes or seconds, regardless of geographical boundaries.
3. Increased Security
   Blockchain technology underpins cryptocurrencies, offering transparency and immutable transaction records. This reduces the risk of fraud and enhances trust.
4. Financial Inclusion
   Cryptocurrencies provide access to financial services for the unbanked population, enabling participation in the global economy without the need for a traditional bank account.

Changing Dynamics in Business Adoption

Major corporations, small businesses, and even governments are beginning to accept cryptocurrencies as payment. Companies like Tesla, Microsoft, and PayPal have embraced crypto payments, while nations like El Salvador have adopted Bitcoin as legal tender.

The Role of Stablecoins and CBDCs

While volatile cryptocurrencies like Bitcoin pose challenges for everyday transactions, stablecoins pegged to fiat currencies offer stability. Central Bank Digital Currencies (CBDCs), such as China’s digital yuan, represent governments’ efforts to integrate blockchain’s benefits while maintaining regulatory oversight.

Challenges in the Crypto Payment Ecosystem

1. Volatility
   The fluctuating value of cryptocurrencies can deter their use for day-to-day transactions.
2. Regulatory Uncertainty
   Governments worldwide are grappling with how to regulate crypto payments, creating a fragmented landscape for businesses and users.
3. Scalability
   As adoption grows, blockchain networks must scale to handle increased transaction volumes without compromising speed or cost-efficiency.
4. Environmental Concerns
   Energy-intensive mining processes for certain cryptocurrencies have raised environmental concerns, prompting a shift toward eco-friendly solutions like Proof of Stake (PoS).

The Future of Crypto Payments

The payment ecosystem is on the cusp of a significant transformation as crypto adoption continues to rise. Innovations like Layer 2 solutions, decentralized finance (DeFi) platforms, and smart contracts are enabling more seamless and automated transactions.

Moreover, the integration of blockchain with traditional payment systems, such as Visa and Mastercard supporting crypto payments, signals a future where digital and fiat currencies coexist harmoniously.

Conclusion

Cryptocurrency is not just a fleeting trend but a revolution in how value is transferred globally. While challenges remain, the potential for cryptocurrencies to create a faster, more secure, and inclusive payment ecosystem is undeniable. As technology evolves and regulatory clarity emerges, crypto will likely become an integral part of everyday transactions, redefining the financial landscape.

The post The Evolution of Cryptocurrency in the Payment Ecosystem appeared first on Asia Crypto Times.

Cryptocurrency is reshaping the global payment ecosystem, offering innovative solutions to longstanding challenges in traditional finance. From enhancing security to enabling borderless transactions, crypto is becoming a pivotal force in the evolution of how we transfer value.

The Rise of Cryptocurrency in Payments

The first cryptocurrency, Bitcoin, introduced in 2009, was designed as a decentralized alternative to fiat currency. Initially met with skepticism, it gradually gained traction as a medium of exchange and a store of value. Today, cryptocurrencies like Ethereum, Litecoin, and stablecoins such as USDT and USDC are leading the charge in transforming the payment landscape.

Advantages of Crypto Payments

1. Lower Transaction Costs
   Traditional payment systems often involve intermediaries, leading to high transaction fees. Cryptocurrencies eliminate these intermediaries, reducing costs significantly, especially for cross-border transactions.
2. Faster Transactions
   While bank transfers can take days, cryptocurrency transactions settle in minutes or seconds, regardless of geographical boundaries.
3. Increased Security
   Blockchain technology underpins cryptocurrencies, offering transparency and immutable transaction records. This reduces the risk of fraud and enhances trust.
4. Financial Inclusion
   Cryptocurrencies provide access to financial services for the unbanked population, enabling participation in the global economy without the need for a traditional bank account.

Changing Dynamics in Business Adoption

Major corporations, small businesses, and even governments are beginning to accept cryptocurrencies as payment. Companies like Tesla, Microsoft, and PayPal have embraced crypto payments, while nations like El Salvador have adopted Bitcoin as legal tender.

The Role of Stablecoins and CBDCs

While volatile cryptocurrencies like Bitcoin pose challenges for everyday transactions, stablecoins pegged to fiat currencies offer stability. Central Bank Digital Currencies (CBDCs), such as China’s digital yuan, represent governments’ efforts to integrate blockchain’s benefits while maintaining regulatory oversight.

Challenges in the Crypto Payment Ecosystem

1. Volatility
   The fluctuating value of cryptocurrencies can deter their use for day-to-day transactions.
2. Regulatory Uncertainty
   Governments worldwide are grappling with how to regulate crypto payments, creating a fragmented landscape for businesses and users.
3. Scalability
   As adoption grows, blockchain networks must scale to handle increased transaction volumes without compromising speed or cost-efficiency.
4. Environmental Concerns
   Energy-intensive mining processes for certain cryptocurrencies have raised environmental concerns, prompting a shift toward eco-friendly solutions like Proof of Stake (PoS).

The Future of Crypto Payments

The payment ecosystem is on the cusp of a significant transformation as crypto adoption continues to rise. Innovations like Layer 2 solutions, decentralized finance (DeFi) platforms, and smart contracts are enabling more seamless and automated transactions.

Moreover, the integration of blockchain with traditional payment systems, such as Visa and Mastercard supporting crypto payments, signals a future where digital and fiat currencies coexist harmoniously.

Conclusion

Cryptocurrency is not just a fleeting trend but a revolution in how value is transferred globally. While challenges remain, the potential for cryptocurrencies to create a faster, more secure, and inclusive payment ecosystem is undeniable. As technology evolves and regulatory clarity emerges, crypto will likely become an integral part of everyday transactions, redefining the financial landscape.

The post The Evolution of Cryptocurrency in the Payment Ecosystem appeared first on Asia Crypto Times.

Cryptocurrency is reshaping the global payment ecosystem, offering innovative solutions to longstanding challenges in traditional finance. From enhancing security to enabling borderless transactions, crypto is becoming a pivotal force in the evolution of how we transfer value.

The Rise of Cryptocurrency in Payments

The first cryptocurrency, Bitcoin, introduced in 2009, was designed as a decentralized alternative to fiat currency. Initially met with skepticism, it gradually gained traction as a medium of exchange and a store of value. Today, cryptocurrencies like Ethereum, Litecoin, and stablecoins such as USDT and USDC are leading the charge in transforming the payment landscape.

Advantages of Crypto Payments

1. Lower Transaction Costs
   Traditional payment systems often involve intermediaries, leading to high transaction fees. Cryptocurrencies eliminate these intermediaries, reducing costs significantly, especially for cross-border transactions.
2. Faster Transactions
   While bank transfers can take days, cryptocurrency transactions settle in minutes or seconds, regardless of geographical boundaries.
3. Increased Security
   Blockchain technology underpins cryptocurrencies, offering transparency and immutable transaction records. This reduces the risk of fraud and enhances trust.
4. Financial Inclusion
   Cryptocurrencies provide access to financial services for the unbanked population, enabling participation in the global economy without the need for a traditional bank account.

Changing Dynamics in Business Adoption

Major corporations, small businesses, and even governments are beginning to accept cryptocurrencies as payment. Companies like Tesla, Microsoft, and PayPal have embraced crypto payments, while nations like El Salvador have adopted Bitcoin as legal tender.

The Role of Stablecoins and CBDCs

While volatile cryptocurrencies like Bitcoin pose challenges for everyday transactions, stablecoins pegged to fiat currencies offer stability. Central Bank Digital Currencies (CBDCs), such as China’s digital yuan, represent governments’ efforts to integrate blockchain’s benefits while maintaining regulatory oversight.

Challenges in the Crypto Payment Ecosystem

1. Volatility
   The fluctuating value of cryptocurrencies can deter their use for day-to-day transactions.
2. Regulatory Uncertainty
   Governments worldwide are grappling with how to regulate crypto payments, creating a fragmented landscape for businesses and users.
3. Scalability
   As adoption grows, blockchain networks must scale to handle increased transaction volumes without compromising speed or cost-efficiency.
4. Environmental Concerns
   Energy-intensive mining processes for certain cryptocurrencies have raised environmental concerns, prompting a shift toward eco-friendly solutions like Proof of Stake (PoS).

The Future of Crypto Payments

The payment ecosystem is on the cusp of a significant transformation as crypto adoption continues to rise. Innovations like Layer 2 solutions, decentralized finance (DeFi) platforms, and smart contracts are enabling more seamless and automated transactions.

Moreover, the integration of blockchain with traditional payment systems, such as Visa and Mastercard supporting crypto payments, signals a future where digital and fiat currencies coexist harmoniously.

Conclusion

Cryptocurrency is not just a fleeting trend but a revolution in how value is transferred globally. While challenges remain, the potential for cryptocurrencies to create a faster, more secure, and inclusive payment ecosystem is undeniable. As technology evolves and regulatory clarity emerges, crypto will likely become an integral part of everyday transactions, redefining the financial landscape.

The post The Evolution of Cryptocurrency in the Payment Ecosystem appeared first on Asia Crypto Times.

US Presidential Republican Nominee calls out the Fed Reserve, “ saying he will put it back in its place, and move the USD to a stable, asset-backed currency, as depositors have withdrawn $1 trillion from the US Banking system in 8 weeks

The first millennial US Presidential Nominee, Vivek Ramaswamy, stated at the Bitcoin Miami Conference just held, that if elected he will reform the Federal Reserve, and put it in its place, ensuring alternative currencies such as Bitcoin and fintech and crypto innovations are allowed to not only exist but also compete as alternative systems to the failing US Federal Reserve system. He also said he would sack 90% of the Feds staff, and that its lack of innovation should not be allowed to use legislation to ban or restrict competition or tax it as the Biden administration has done with the 30% Bitcoin Mining tax.

The BRICS nations now see cryptocurrency as a necessary evil to provide alternatives to the US financial system, and BricsTether.com plans to be a dominant player for not just the 5 BRICS nations but also the 30-plus countries that wish to join.

At Bitcoin Miami, the Australian National Review conducted an Interview with the first millennial Republican Presidential nominee Vikek Ramaswamy, posted to Twitter jamiemcintyre21. They discuss his goal to completely reform the Fed Reserve and his intent to put the FED in its place and to move the USD back to a stable asset-backed coin. He was also asked whether the rise of the BRICS nations planned reserve currency is a threat or can operate in tandem with the USD as a reserve currency.

https://twitter.com/jamiemcintyre21/status/1660078528845742080

PayPal’s also just announced a record $1 billion in crypto transactions for Q1, up 30% and USDT announcement that they will invest 15% of their profits into Bitcoin is good for the industry says BRICSTether spokesperson.
PayPal’s record $1 billion in crypto transactions for Q1, up 30% is good for the industry, as is USDT committing 15% of its profits of over $3 billion annually to Bitcoin,said one of its spokesperson via a recent release.

BRICSTether.com has also announced it’s plans to launch a mobile payment app,similar to PayPal and WeChat, to increase mainstream adoption of cryptocurrencies.Strike also just announced the launch of its mobile payments app for fiat to crypto.

BRICSTether is paying holders 10% per annum if they hold it for a minimum of 12 months, or 5% pa, if held for 90 days.
It’s listed on several exchanges already, in Azbit.com and Coinsbit.io and plans listing on larger exchanges this year.

It’s considering El Salvador to gain its licensing and possible headquarters, as many crypto companies.They said they are also open to partnering with companies like We Chat and AliPay, and also PayPal. With many wanting to get their money out of USD and what many fear in more collapsing US banks, a 100% asset-backed stablecoin not exposed to the U.S. banks like USDT and USDC, that pays 10% pa, is very attractive to many, especially those new to crypto, that are concerned about Bitcoin’s volatility
BRICSTether.com

The post Over 30 countries wanting to join the BRICS nations and create a BRICS reserve currency as over $1trillion is withdrawn from US banks in 8 weeks appeared first on Asia Crypto Times.