How the Metaverse would improve the banking sector
The metaverse gives the banking sector the opportunity to improve on its products, services, and client experiences. Estimated to become an $800 billion market, the metaverse is a new piece of technology that promises exciting new possibilities and massive user experiences. A wide range of industries have keyed into this technology including the gaming, fashion, agriculture, […]
Workers in unstable economies more inclined to take crypto pay: Report
Despite the market meltdown, according to Deel, there has been a surge in employee crypto payments for the first half of this year. According to the global employment site Deel, citizens of countries with unstable economies are more likely to receive their income in crypto. Despite the 2022 bear market, crypto accounted for 5 percent […]
BlockFi has $1.8B in unpaid loans in second quarter
BlockFi revealed that as of the end of Q2, it had $600 million in “net exposure” and $1.8 billion in outstanding loans from institutional and retail investors. BlockFi, a cryptocurrency lender, published its liquidity and credit risk management practices as well as the total number of loans and net risk exposure it had at the […]
Epic Games “definitely” won’t follow NFT ban imposed by Minecraft
Tim Sweeney, CEO of Epic Games, stated that the company will not outright forbid NFTs since developers “should be free to decide how to build their games.” Tim Sweeney, CEO of Epic Games, said his company “certainly won’t” follow the lead of the creators of Minecraft by outlawing nonfungible tokens (NFTs). As was previously reported, […]
Blockchain in healthcare ‘critical’ to protect sensitive data: Zelis CTO
Zelis CTO urged health care providers to use blockchain technology to safeguard patient information and fend against cyberattacks. The use of blockchain technology, according to Kali Durgampudi, CTO of healthcare payments business Zelis, is essential for safeguarding patients’ sensitive data from fraudsters. As the sector attempts to digitize its “archaic paper-based processes,” Durgampudi observed that […]