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Ripple, the crypto solutions company shall commit $100M for the goal of carbon removal by investing in climate oriented fintech companies.
The blockchain-based payments network has aimed to facilitate the acceleration of carbon removal technology in order to bring about modernization of the carbon markets.
Carbon markets will let companies and individuals trade carbon credits for offsetting CO2 emissions that some companies haven’t found a way to bypass yet.
According to reports, these funds will be directed towards Ripple’s portfolio of programs helping it become net zero by 2030.
Along with the same, the fund will support the new functionality and developer tools that will empower carbon credit tokenisation as non-fungible tokens (NFTs) on XRP ledger.
CEO Brad Garlinghouse, stated that this move by Ripple Labs will play “a catalytic role” which will work towards improving the carbon markets.
‘Call To Action’ On Climate Concern By Ripple
Brad Garlinghouse claims that this fund is a “direct response to the global call to action” on climate change.
Garlinghouse also stated that companies are now encouraged to dispose resources along with talent as a global response to encourage carbon removal activities in order to bring down the rise of global temperature by curbing carbon emissions.
Ripple has been in the fore for speaking about the wastefulness if mining as the coin is by far the most energy efficient cryptocurrency.
He further added,
While reducing emissions and transitioning to a low-carbon future are paramount, carbon markets are also an important tool for meeting climate goals. Blockchain and crypto can play a catalytic role in allowing carbon markets to reach their full potential, bringing more liquidity and traceability to a fragmented, complex market
  Related Reading | Ripple To Launch XRP Powered On-Demand Liquidity Solution In Lithuania
Ripple Has Partnered With Other Companies To Aid In Reducing Carbon Emissions
The company has additionally partnered with many other companies who are involved within the carbon markets. These partnerships will help achieve the goals of reducing the carbon emissions.
The company had partnered with carbon mineralisation firm CarbonCure Technolgies, Tokenization start-up Xange.com which was backed by the UN and lastly the carbon offsetting firm Invert.
Ripple has also collaborated with Energy Web Foundation, the Alliance for Innovative Regulation, and Rocky Mountain Institute.
Monica Long, General Manager of RippleX at Ripple said that,

Several carbon removal projects and fintechs are already building on the XRPL to bring new climate solutions to market. By bringing blockchain to global climate initiatives, the industry can more quickly verify and certify NFT carbon credits, eliminate the potential for fraud, and even guarantee the offset is actually removing carbon for the long term.

Ripple has co-founded the Crypto Climate Accord, which had enlisted more than 500 members spread across the fields of crypto and finance, technology, NGO, and energy and climate sectors. Ripple is also a  founding member of the World Economic Forum’s Crypto Impact and Sustainability Accelerator (CISA).
Related Reading | Nigeria To Upgrade CBDC For Wider Use As Crypto Restrictions Cripple Fintech Sector
XRP was trading at $0.40 on the one day chart | Source: XRPUSD on TradingView


Ripple, the crypto solutions company shall commit $100M for the goal of carbon removal by investing in climate oriented fintech companies. The blockchain-based payments network has aimed to facilitate the acceleration of carbon removal technology in order to bring about modernization of the carbo...

bitcoinist.com

Ripple To Fund The Acceleration Of Global Carbon Markets; Dedicates $100M

PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature’ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who possess Dvision LAND NFT may now stake it and obtain DVG points or additional NFT items via the new LAND staking system. This is a crucial component of the entire project and its ecosystem as Dvision currently has about 10,000 LAND owners, as a result of 3 finalized rounds of the LAND Sales, eager to deliver fascinating and advanced content to Dvision World.
Important details to note
Dvision Network launched a new NFT staking solution to improve the usability of the digital plots, and the team has hence already completed three successful LAND sales across several platforms. Furthermore, over 10,000 LANDs have been sold through platforms such as Shopify, Binance NFT, OpenSea, and NFTb.
Also, the LAND staking function is in fact the first utility to be linked to the virtual plots prior to the formal launch of the ‘Meta-Cities’, where the LANDs shall ultimately be used to introduce content created by individuals within Dvision Metaverse.
What else is there to know?
The Dvision team has created a new rewards program called DVG (Dvision Gold). Essentially, this is a digital reward currency that is necessary to improve PETs and enable consumers to effectively utilize P2E (Play-To-Earn) in the Dvision World metaverse. Secondly, the staking period is also separated into three stages, namely one month, three months, and finally six months. The longer the staking time, the more likely it is that users will receive a better payoff. ‘Random Building Boxes’ will also be distributed beginning with the 90-day staking period. The only difference is the style of building, but if users open a random box, they will always get one regardless.
It’s worth mentioning that Dvision Network has lately been advancing from the technological perspective, as they have integrated Coinbase Wallet, Bitski, Wallet Connect and Fortmatic, which allows their metaverse users to have simplified and diverse access to their virtual world. Apart from that, Dvision Network has announced previously that they’re going fully on-chain integrating the IPFS and Filecoin data storage solutions to safely store their data.
About Dvision
Dvision Network is a blockchain-enabled NFT metaverse network with the goal of being the best in the business. Dvision uses its own VR technology to build a cutting-edge metaverse environment, thereby decreasing entry barriers for all types of users globally. As a result, designers, companies, and general users may immerse themselves in a truly dynamic and rewarding metaverse experience. Visit Dvision’s website, Medium, Telegram and Twitter channels for additional information and frequent updates.
 
 
 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. The Dvision Network has recently announced the new &#x2018;LAND Staking Feature&#x2019; in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who possess Dvision LAND NFT may...

news.bitcoin.com

Dvision Network Announces New LAND Staking Feature to Help Bolster Virtual Plot Utility


International payments organization SWIFT has announced that it will conduct cross-border tests for central bank digital currencies (CBDCs). 



This is yet another move by the organization in the digital assets space, which has been ramping up over the past year.



The organization said that it would be conducting payments using CBDCs in an effort to “take the next step towards seamless cross-border payments involving digital currencies.” The effort will be carried out in collaboration with IT firm Capgemini.




We’re collaborating with @Capgemini to explore how SWIFT can interlink the multiple domestic-based #CBDC networks emerging worldwide to make cross-border payments with #DigitalCurrencies more seamless & frictionless.Learn more: https://t.co/SgvjDf1dl4 pic.twitter.com/99g99A070H— SWIFT (@swiftcommunity) May 19, 2022




The post refers to a recently published report by the Bank for International Settlements (BIS), which said that 90% of central banks are focusing on CBDCs to some degree. 



As such, the major payments network wants to focus on enabling a global level of CBDC use. Tom Zschach, Chief Innovation Officer at SWIFT, spoke of the need for a standardized system.



“Facilitating interoperability and interlinking between different CBDCs being developed around the world will be critical if we are to fully realize their potential. Today, the global CBDC ecosystem risks becoming fragmented with numerous central banks developing their own digital currencies based on different technologies, standards, and protocols,” he said.



SWIFT has spent time and effort exploring the idea of CBDCs in the past. It published a paper jointly with Accenture discussing the practical requirements, among other things. 



The belief is that CBDCs could have a tremendous positive impact on international payments.



The remarks in the post are in line with what officials from other organizations and many central banks have said. The following months may see many more such developments, as banks finalize their CBDC plans.



CBDC floodgates to open soon



In 2022 alone the number of banks announcing a review of CBDCs has doubled. 26% of those surveyed in that BIS report are running pilots, while 60% are working on proofs-of-concept.



This rapid expansion of the CBDC effort is not limited to any one continent. Mexico plans to launch a CBDC by 2025, India is expected to launch a pilot later this year, and Japan has said it will model its CBDC on Sweden‘s. The hype is real, and no country wants to be left out.



CBDCs are flourishing as stablecoins increasingly become a point of concern for governments. The crash of TerraUSD (UST) and other issues have led to more scrutiny of the niche. 



Strict regulation may be arriving, though the Federal Reserve Chairman believes that stablecoins can co-exist with CBDCs.
The post SWIFT Payments Network Ramps up Cross-Border CBDC Testing appeared first on BeInCrypto.


ternational payments organization SWIFT has announced that it will conduct cross-border tests for central bank digital currencies (CBDCs). 
The post SWIFT Payments Network Ramps up Cross-Border CBDC Testing appeared first on BeInCrypto.


beincrypto.com

SWIFT Payments Network Ramps up Cross-Border CBDC Testing

Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August.

cointelegraph.com

Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’

The future is now.  CoinCorner’s the Bolt Card is a contactless and convenient debit card that lacks a screen. The product points to the next stage in bitcoin evolution, the creation of circular economies powered by the Lightning Network. Is this card the idea that will bridge the gap between bitcoin and the general public?
At the Bitcoin 2022 conference, Jack Mallers announced that Strike will bring Lightning payments to half of the Point-Of-Sale terminals in the US. Excited about the development, we described it as:
“Strike partnered with Blackhawk and NCR to bring bitcoin payments to hundreds of thousands of Point-Of-Sale terminals in everyday businesses across the US. This includes hypermarkets, major stores, and every fast-food chain.”
However, the video that Mallers presented was a demo. The product is not yet ready, much less already deployed. On the other hand, The Bolt Card works already. Certain conditions apply, though, as you’ll learn in the following text.  Is CoinCorner completely lost or on to something? Let’s look at an alternative way of solving the problem.
The Bolt Card by CoinCorner
Coming at us directly from the Isle of Man, CoinCorner describes The Bolt Card as “an offline Lightning contactless card.” And taking a page from the already mentioned Jack Mallers, they describe the bitcoin network as “a global, open, permissionless, decentralized monetary network.”

Full Thread https://t.co/wII057TTrY
— Danny Scott  (@CoinCornerDanny) May 17, 2022

Leaving modesty aside, CoinCorner CEO Danny Scott declares, “this is real world innovation with real world products that will help real world people in everyday life.” He’s talking about a debit card “attached to your CoinCorner account,” with which users can spend GBP, EUR, or Sats. 
In the video above you can see The Bolt Card in action, and here Scott explains exactly what happened:
“An offline NFC (contactless) card “tapped” the Lightning enabled POS device, which requested the required payment, my @CoinCorner account grabbed my GBP, turned it into BTC and instantly sent BTC over Lightning to the merchant instantly settled.”

BTC price chart for 05/20/2022 on Bitfinex | Source: BTC/USD on TradingView.com
The Limitations And The Lack Of A Screen
The sales point of the debit card, according to CoinCorner, is that in-person Lightning payments aren’t yet practical. The company believes that those transactions are “still not as efficient and user friendly as we need it to be for the mass audience. We’re still opening our phone, opening an app, scanning a QR code and then making the transaction.” 
Is this really a problem, though? Cell phone-based payment solutions abound, and people seem to be comfortable with them. The QR code model is relatively common and not exclusive to bitcoin Lightning payments. Plus, people love their phones. In any case, apparently, contactless cards are the norm in the UK. So, maybe CoinCorner is on to something.


8/Gift Card interoperability?!
Any wallet supporting LNURLW will be compatible with the gift cards, Phoenix, Blixt, Blue Wallet, Muun, Zebedee, SimpleBitcoinWallet, Wallet of Satoshi, Zeus and Breez.https://t.co/cYt81Lej27
— Danny Scott  (@CoinCornerDanny) May 17, 2022

The limitation of this payment solution is that it needs a CoinCorner Lightning-enabled POS device to work. The company has “devices at around 20 stores live today in the Isle of Man and will be rolling out across the UK and more countries this year,” but still. In any case, CoinCorner promises that its goal is to be interoperable with the Lightning network as a whole, so, “you will soon be able to use your Lightning Bolt Card throughout entire countries.”
The other limitation could be more damming. The lack of a screen means that users can’t verify the transaction’s details on their own device. That means, they would have to trust the merchant not to overcharge them. This is a big problem, considering bitcoin’s unofficial slogan is “don’t trust, verify.” However, no solution is going to be perfect and there are always trade-offs. 
Featured Image: The Bolt Card, screenshot from the video | Charts by TradingView


The future is now.  CoinCorner&#8217;s the Bolt Card is a contactless and convenient debit card that lacks a screen. The product points to the next stage in bitcoin evolution, the creation of circular economies powered by the Lightning Network. Is this card the idea that will bridge the gap betwe...

Theta Network price	$1.25
Low - High 24H	$1.21 - $1.26
Market cap	$1.25B
Volume 24H	$61.92M
All time high	$15.72 -92.03% April 16th 2021
All time low	$0.0404 3000.61% March 13th 2020
Genesis date	N/A

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