Flexa is an instant payment and anti-fraud network for digital assets. Using a Flexa-enabled wallet app, anyone can spend a variety of cryptocurrencies, ERC20 tokens, stable coins, and rewards points – instantly, privately, and for free – on multinational brands across the United States and Canada. Paying with Flexa takes less than a second, in-store or online. And because Flexa is essentially made up of decentralized infrastructure, its network is faster, safer, and more secure…
The Aave Protocol is an open-source, decentralized, non-custodial liquidity protocol on Ethereum that allows users to provide and borrow crypto assets, and profit from the assets provided to the protocol. The yield of all crypto assets on offer adjusts automatically and algorithmically based on supply and demand. After providing crypto assets, users can borrow other assets as long as they have provided sufficient security. The Aave protocol also allows users to participate in single-block borrowing…
Advantages of blockchain in payments services Blockchain enables fast, secure, low-fee global price processing services (and different transactions) through using encrypted allotted ledgers that offer depended on real-time verification of transactions without the want of intermediaries along with correspondent banks and clearinghouses. The blockchain era became first all used to help decentralized virtual currencies, however, it is now being explored for far diverse situations. It in addition gives the subsequent pinnacle advantages: Removes intermediaries There…
Though most of us are familiar with ‘Bitcoin’, few of us know about a subsidiary of the same which goes by the name ‘Bitcoin Cash’. Interesting right? Let us learn more about it in today’s article. Bitcoin Cash (BCH) is a cryptocurrency that shares many of the same characteristics as Bitcoin (BTC) yet also integrates a number of changes and features that set it apart. It is considered a ‘fork’ (‘Fork’ is an everyday term…
Stable coins are the bridge between the world of cryptocurrencies and everyday fiat money, as their prices are pegged to a reserve asset such as the US dollar/Euro or gold. This significantly reduces volatility compared to something like Bitcoin and leads to a form of digital currency that is more suitable for everything from day-to-day transactions to exchange conversions. Stable coins in a few words Coins have an asset reserve that assures buyers that the…
Cryptocurrency mining is a concept that most people interested in crypto have heard about but don’t know about it clearly. Mining is energy-intensive and requires expensive hardware and software. There are several processes that miners must follow. These include verifying transactions and performing mathematical calculations known as Proof of Work (PoW) and later developed systems such as Proof of Stake (PoS) and other proofing methods such as Proof of Authority (PoA). These systems use a…
A quiet war has been going on between crypto adopters for years. It’s about whether custodial or non-custodial wallets among the crypto wallets are the best to use. However, this dilemma has no simple answer as both of these wallets have their pros and cons. To make things a little easier for you, we’ll take a look at both of these wallets and help you make a more informed decision about which wallet is right…
Trading/investing in crypto and digital assets will be taxed at 30%! This came like a bolt out of the blue to the common people as the Indian Government announced the Budget of 2022 session. Is the tax law really as bad as it sounds? Or are there some positives in the law too? Read more to know. At first, this may sound like a very negative news, but let us know the facts clearly. Going…
UPI (Unified Payment Interface) is a digital innovation with an instant payment option developed independently in India. It is a mobile payment system developed by the National Payments Corporation of India (NPCI). All you need to make/receive a payment is an internet connection and a QR code/ persons’ mobile number to whom you are paying. It is the name of that technology by which we can make payments digitally just by scanning a code/ by…
