The Daily Leo | FinTech Partnership, MultiChain INLEO
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FinTech Partnership, MultiChain INLEO
The financial technology (FinTech) sector has continued to evolve with growing partnerships undertaken by traditional finance firms and web3 companies towards creating a trans[parent, safe, and seamless financial services for users. Meanwhile, core web3 firms are also making efforts to demystify bottlenecks to entry by replicating web2 functionalities in a decentralized way. INLEO is at the forefront of this intending to ease access to the web3 world for users with no barriers. This compilation explores recent partnerships within the FinTech and AI spaces as well as the recent update on INLEO. The featured articles are worth your reading time.
PayPal USD Partners with LayerZero to expand Cross-blockchain Transfers between Ethereum and Solana
PayPal USD (PYUSD) has partnered with LayerZero Labs to expand cross-blockchain functionality and facilitate transfers between Ethereum and Solana. This is expected to eliminate liquidity fragmentation, ensure fast, secure, and cost-effective transactions, and meet the demand for cross-chain stablecoin use. The PYUSD-LayerZero integration utilizes LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between Ethereum and Solana, allowing PYUSD holders to move assets across both chains seamlessly without intermediary steps or reliance on centralized exchanges.
AI Agents are here to Reshape Crypto
AI agents have become a recent trend in the AI and crypto sphere. AI agents leverage artificial intelligence, machine learning, natural language processing, and blockchain data integration to interact with the environment, collect data, and perform tasks autonomously in the blockchain network. The current applications of AI agents in crypto include automated trading bots, smart contract execution, predictive analysis, fraud detection, and customer support. The current applications are not all there is to the capabilities of AI agents. AI agents have the potential to manage decentralized decision-making processes, automated investment management, personalized financial advice, and real-time compliance in the crypto industry.
DeepL Launches Deep Voice!
DeepL has launched a new feature called DeepL Voice, which provides real-time voice translations to text. DeepL Voice aims to provide a more accessible and accurate real-time voice translation service. DeepL Voice listens to a person speaking and provides real-time translation displayed as text. It can support various languages and works in mirror mode for two-way dialogue. The application does not store voice data for processing to ensure data protection regulations are not compromised. DeepL Voice is an application that can be accessed remotely; it has been recently launched, but future products are expected.
MultiChain INLEO
InLEO is launching the new Lite Account Protocol for signing up to InLEO, a fast and satisfying method that opens up to other chains. The goal is to onboard thousands of new people to the Hive ecosystem and attract new SocialFi enthusiasts. New users can sign up in 10 seconds, download keys, save 24 phrases, receive a Resource Credits delegation from InLEO, and start monetizing their content in 3 minutes. The new method allows users to earn BTC, DASH, ETH, CACO, and other coins by engaging with other users on the Hive blockchain. INLEO is taking the SocialFi world by storm!
InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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Posted Using InLeo Alpha