IlluMyFi

BitPay, the world's leading Bitcoin and cryptocurrency payment service, has unveiled an enhanced payment experience for its crypto customers, which is set to roll out this week. According to a blog post released on January 9, Bitpay will support dozens of new cryptocurrencies, allowing customers to make payments with community-driven assets such as Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE (VERSE), Basic Attention Token (BAT), and many more. With this update, BitPay will enable payments for leading merchants such as Newegg, Jomashop, PacSun, Gucci, Ralph Lauren, and AMC Theatres, supporting transactions both online and in person. This will be fostered by BitPay's ability to process payments from various wallets, ensuring a seamless experience for customers using their preferred cryptocurrency wallet. BitPay's Bill Pay solution covers over 5,000 providers, allowing users to settle credit card bills, car payments, mortgages, student loans, personal loans, and more. The platform supports major providers, such as Chase Bank, Bank of America, Citibank, Capital One Auto Finance, Wells Fargo Auto, and many others. The payment company offers a flexible solution with its crypto debit card, providing fee-free instant conversion of Bitcoin and other cryptocurrencies. Furthermore, it facilitates payments on car loans, enabling users to connect bills with prominent auto loan providers such as Capital One Auto Finance, Wells Fargo Auto, Toyota Financial Services, Ford Credit, and more. Also, BitPay has gone a step further by allowing users to repay personal loans through its Bill Pay feature. This opens up avenues for payments to major lenders like SoFi, Marcus by Goldman Sachs, Avant, Upstart, LendingClub, and several others. BitPay CEO Stephen Pair emphasized the company's commitment to making crypto payments accessible, stating, "These updates and all of the newly supported assets mark an invitation to crypto customers: pay for what you need and splurge on what you want." In August, BitPay introduced "Bill Pay," enabling cryptocurrency users to pay bills directly from their crypto wallets. Notaby, it has also partnered with Method Financial, an embedded banking service, to provide real-time retrieval of bills and liabilities. This collaboration ensures that its users have the latest information about their accounts and balances.BitPay's Bill Pay offers a convenient and secure option for settling balances with various service providers directly from BitPay's self-custody wallet application. Users can download the BitPay app, connect their bills, choose their wallet, and proceed with making payments.Bill Pay is currently available to BitPay Wallet app users on Android and iOS devices in specific states, including Alabama, Alaska, Delaware, the District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Massachusetts, Mississippi, Nebraska, New Jersey, New Mexico, Ohio, Oregon, South Dakota, Tennessee, and Washington.In the same month, the crypto payment platform expanded its offerings by adding support for XRP, facilitating global instant transactions. BitPay users can now purchase XRP, securely store it in the BitPay wallet through self-custody, engage in gift card transactions, perform XRP swaps, and conduct transactions with the platform's merchants.BitPay, established in 2011, stands as one of the earliest cryptocurrency companies. Pioneering blockchain payment processing, the company aims to revolutionize how businesses and individuals send, receive, and store money. Its suite of business solutions tackles issues like fraud chargebacks, lowers payment processing costs, and facilitates borderless cryptocurrency payments.BitPay provides consumers with a comprehensive digital asset management solution, encompassing the BitPay Wallet and BitPay Card, enabling the conversion of digital assets into dollars for spending at numerous businesses.The firm offices in North America, Europe, and South America have secured over $70 million in funding from notable investment firms, including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. The post BitPay Enables Gucci, Movie Ticket, and Mortgage Purchases with BNB, Chainlink appeared first on Cryptonews.

Sentiment

Bearish/Bullish

13.01.24 01:45

by cryptorank.io

The Future of AI is Here and Now: Creed&Bear CTO Flavio Villa | Projects | Crypt...

The past couple of years have witnessed the cropping up of AI solutions across various sectors. Businesses have been leveraging AI tools to reduce costs, increase efficiency, and occasionally improve bottom lines. In a survey Forbes ran on the application of AI in the workforce, a whopping 64% of respondents anticipate that AI will improve customer relationships and increase productivity, while 60% believe that it will drive sales growth. With the prospect of AI solutions being hardwired into business processes today, we sat down with Flavio Villa, Chief Technology Officer of MENA-based fintech company Creed&Bear, to learn more about the potential and applications of AI in financial services and how Creed&Bear is poised to capitalize on it. I believe that there will be stronger regulations surrounding generative AI and that the world will be taking them more seriously. I think everyone's going to have an AI-driven competitive advantage, and that's good. That'll eventually push for more innovation. In FinTech especially, AI will speed up the most repetitive, manual, and time-consuming work and also improve the probability of good quality output being generated. What we have developed at Creed&Bear is basically an AI engine that is able to run on different data sets, which is currently being applied to crypto, but it can also be used to study weather data or other kinds of data sets. So yes, we are able to scale our technology and our vision outside the traditional sectors because the capability of our AI to understand, process and clean data is unfathomably huge. We have already explored the possibility of using our AI core engine outside the traditional sectors. For example, we ran a test where we were able to calculate the performance of a famous football player (from a very important football team) at their next match with very precise accuracy. The concept of blockchain as we know it today will change completely in the future. The reason is the technology behind it, it's moving faster than the adoption. For example, one year ago the world was talking about NFTs and how it was so technologically advanced that it could transcribe the real world to digital. But today, we talk about generative AI the same way. In short, we know that blockchain technology will move fast and that the change in this space is constant. We position ourselves as a leader by prioritizing one aspect of our business: Investing in the research and development of AI and ML. Its adoption is picking up steam in the financial world. The global market for artificial intelligence in asset management was worth about $2.6 billion in 2022 and is expected to expand at a compound annual growth rate of 24.5% from 2023 to 2030. That's a great indicator of adoption. Of course, at Creed&Bear, we're already a few steps ahead, but we want to be light years ahead. Our AI-powered data analysis helps us extract meaningful insights from up to 40 GB of data every second, but the thing is, that number continues to grow. I'm...