The Daily Leo | Improving FinTech Infrastructure, New Wallet Framework for InLeo
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Improving FinTech Infrastructure, New Wallet Framework for InLeo
The rapid evolution of financial technology (FinTech) is reshaping the digital economy, making secure and efficient financial transactions more accessible. As blockchain-based platforms expand, the need for robust wallet infrastructure becomes paramount. INLEO is stepping up to this challenge by introducing a new wallet framework designed to enhance security, accessibility, and user experience. This framework will integrate multiple wallet options, including Phantom Wallet, Ctrl, Vultisig, and MetaMask, paving the way for a more seamless and decentralized ecosystem. By prioritizing innovation, INLEO aims to bridge the gap between traditional finance and blockchain, encouraging greater adoption within the crypto community. The featured articles are worth your reading time.
Pentera secures $60 Million in funding for Cybersecurity Training
Pentera, a cybersecurity company founded in Tel Aviv has secured $60 million in funding for product development through mergers and acquisitions to train cybersecurity teams through network attack simulation. The training is aimed at countering the possibility of cyberattacks ending up in favor of cyber criminals by offering a system that can perform automated validation simulations through penetration tests. This would be achieved by developing a system that can simulate real-life cyberattacks and reduce the number of critical vulnerabilities from 10,000 alerts to 6 or 8, providing valuable insights to cybersecurity teams and improving enterprise security testing and validation practices
Gemini Unveils USD Payment Rails for European Institutions
Gemini cryptocurrency exchange has launched USD payment rails for institutional clients in the UK and Switzerland, partnering with Bank Frick to offer fee-free deposits and withdrawals. This is aimed at streamlining crypto trading for institutions, expanding across the EU and EEA, and meeting growing institutional demand for efficient fiat-to-crypto solutions. The development was announced on March 12, 2025, with plans to expand in the coming weeks. Gemini's initiative aligns with their European strategy following the establishment of a compliance hub in Malta. The launch comes amid a surge in institutional interest in cryptocurrencies, offering a streamlined experience for institutional investors. Success in Europe could position Gemini as a leader in the European crypto market. Moreover, Gemini's fee-free USD payment rails could give it a competitive advantage in the institutional crypto space.
The Future of Tether & Circle
Stablecoins have been viewed as spies in the market due to their close relations with the banks and policymakers. Thus, it is believed that stablecoins are gateways to crypto mass adoption. So far, the primary source of liquidity in the stablecoin market has been the USDC or USDT coins issued by Circle and Tether to turn the market green. Transparency reports, such as the one from Tether Inc., showcase the reserves backing stablecoin tokens. We could say that Stablecoin projects are moving towards buying Treasury Bills and Government Bonds to back their tokens, creating a sustainable method of generating debt for governments. Stablecoins have the potential to be profitable, as seen with Tether's $13 billion profit last year. What do you think of the future of stablecoins such as USDT and USDC offered by Tether and Circle in the crypto market?
New Wallet Framework for LeoDex and Inleo
INLEO is introducing a new wallet framework supporting multiple wallet options for sign-up, including Phantom Wallet, Ctrl, Vultisig, MetaMask, and more. The creation of the Keystore sign-up option for INLEO opened the door for partnership with Dash and other blockchains. The development isn't stopping there, INLEO team has been working on a new wallet framework that supports options like Phantom Wallet, Ctrl, Vultisig, MetaMask, and more, making Hive more accessible to the broader crypto community. This development would make Hive more accessible to the broader crypto community, increase security by requiring individual wallet transaction signing, and improve user experience and retention rate. The new wallet framework is being developed and will first launch on LeoDex before rolling out to INLEO.
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