Introduction Alchemy Pay, a global leader in cryptocurrency payment solutions, is expanding its reach in Europe and the United Kingdom. The integration of SEPA Instant and Faster Payments into its On-Ramp service offers users in these regions faster and more efficient ways to transact and acquire cryptocurrencies. Expanding Payment Options for Enhanced User Experience Alchemy Pay’s recent addition of SEPA Instant in Europe and Faster Payments in the UK significantly diversifies the payment methods available to users. These options facilitate swift transfers, allowing cryptocurrency purchases to be completed in seconds to minutes. The inclusion of these services aligns with Alchemy Pay’s objective to increase transaction success rates and improve overall user satisfaction. #AlchemyPay has expanded its payment options in Europe and the UK. Introducing the Euro Instant solution SEPA Instant and the UK fast e-money transfer solution Faster Payments enhances the On-Ramp service.Read nowhttps://t.co/jTFGssLE0q $ACH pic.twitter.com/OZGsEBnhZl — Alchemy Pay| $ACH : Fiat-Crypto Payment Gateway (@AlchemyPay) November 30, 2023 SEPA Instant and Faster Payments: Features and Benefits SEPA Instant, part of the Single Euro Payments Area network, connects European banks, offering 24/7 real-time transfer capabilities. This system is vital for daily transactions, which have reached over 2 billion Euros. SEPA Instant’s flexibility enhances cross-border payments within Europe, with transfer limits ranging from €1 to €5000. In the UK, the Faster Payments Service revolutionizes banking transactions, enabling quick payments between accounts at different banks. This service, integral for millions of users, including individuals, businesses, and charities, is expanding rapidly with the rise of online and mobile banking. Projections estimate that by 2031, over 5.7 billion remote banking payments will be processed via Faster Payments. Alchemy Pay’s Growing Global Network Alchemy Pay’s network now includes over 300 fiat payment channels across 173 countries, with a significant presence in Southeast Asia. The company’s expansion into Europe and the UK is marked by the support of SEPA Instant and Faster Payments, adding to its already diverse portfolio of payment options like BLIK, Bancontact, and Skrill. Regulatory Compliance and Licensing Achievements Alchemy Pay’s commitment to regulatory compliance is evident in its recent licensing achievements. Following the acquisition of a Money Services License in Iowa, USA, and earlier in Arkansas, the company now holds licenses in multiple jurisdictions, including the United States, Canada, Indonesia, and Lithuania. This dedication to adhering to regional regulations establishes Alchemy Pay as a reliable and compliant fiat-crypto payment gateway. Conclusion Alchemy Pay’s latest integrations of SEPA Instant and Faster Payments signal a strategic expansion in Europe and the UK. By offering a wider range of payment options, the company is set to further solidify its position as a key player in the cryptocurrency payment solution market, ensuring ease of transactions for both individuals and businesses globally.

Alchemy Pay crypto payment platform is scaling up its payment options by adding new ways to buy crypto in Europe and the UK. Currently, Alchemy Pay has introduced new deposit options, including the euro instant solution, Single Euro Payments Area (SEPA) Instant, and the UK fast money transfer option, Faster Payments. Announcing the news on Nov. 29, Alchemy Pay stated that the new payment options aim to simplify purchasing cryptocurrencies like Bitcoin, enabling transfers to be processed in “seconds to a few minutes.” #AlchemyPay has expanded its payment options in Europe and the UK. Introducing the Euro Instant solution SEPA Instant and the UK fast e-money transfer solution Faster Payments enhances the On-Ramp service. Read nowhttps://t.co/jTFGssLE0q $ACH pic.twitter.com/OZGsEBnhZl — Alchemy Pay| $ACH : Fiat-Crypto Payment Gateway (@AlchemyPay) November 30, 2023 With SEPA Instant, European Alchemy Pay customers can buy up to 5,000 euros ($5,460) in cryptocurrency, while Faster Payments has a transfer limit of up to 5,000 British pounds ($6,320).  These two new channels are accessible to users in 30 European countries and the U.K. after completing Know Your Customer checks. Europe’s SEPA Instant payments and Faster Payments in the U.K. join a range of supported local payment channels, such as the Polish Blik payment system, Bancontact, Skrill and others. “This move further amplifies Alchemy Pay’s payment network throughout Europe, surpassing emerging markets and broadening its influence,” the announcement states. According to the announcement, Alchemy Pay currently supports 300 fiat payment channels across 173 countries, mainly in Southeast Asia.  The platform is actively expanding its payment service worldwide, adding new licenses in the United States recently, including the states of Iowa and Arkansas. Alchemy Pay has also received a Money Services License in Iowa, making it the platform’s second compliant license in the United States. We are thrilled to announce that we have obtained a Money Services License in Iowa, marking our second compliant license in the United States. This achievement underlines #AlchemyPay's global payment capabilities, and our dedication to compliance.$ACHhttps://t.co/78RUzDDs1Q — Alchemy Pay| $ACH : Fiat-Crypto Payment Gateway (@AlchemyPay) November 23, 2023 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. The post Alchemy Pay Introduces New Ways To Buy Crypto In Europe And The UK appeared first on BitcoinWorld.

The Securities and Exchange Commission (SEC) of the Philippines has issued a stern warning to its citizens regarding the use of Binance, the world’s largest cryptocurrency exchange. This move comes amid a broader regulatory crackdown on the platform, which has been facing legal challenges in several countries. The Philippine SEC has clearly stated that Binance does not possess the necessary licenses to operate or offer services within the nation. In a detailed advisory, the agency highlighted that Binance has been using various social media campaigns to attract Filipino investors, urging the public to be cautious with unregistered entities. The notice also mentioned potential criminal liabilities for those promoting or recruiting on behalf of Binance in the Philippines, even through online channels. This development adds to the mounting pressure on the crypto exchange, which recently saw its CEO, Changpeng Zhao, stepping down following legal issues in the United States. Binance’s legal troubles Binance has been under intense scrutiny worldwide, particularly following a series of legal confrontations in the United States. Just days before the Philippine SEC’s advisory, the US Department of Treasury announced a significant settlement with Binance totaling $4.3 billion. The US government accused the exchange and its CEO of breaching anti-money laundering and sanctions laws. Zhao has pleaded guilty and agreed to pay $50 million in fines, resigning from his CEO position and the board of directors. He currently awaits sentencing in the US, scheduled for February 2024, facing a possible decade in prison. These developments have significantly impacted Binance’s operations and its global expansion plans, particularly in Southeast Asia. The exchange’s recent launch in Thailand marked its first significant move in the region amid these challenges. The path ahead for Binance and cryptocurrency regulation In light of the recent events, the Philippine SEC is taking proactive steps to safeguard investors from unregistered investment products. The agency is moving to block access to Binance, aiming to prevent users in the Philippines from accessing the website and its applications. This ban, expected to take effect within three months, allows current investors a grace period to exit their positions. Furthermore, the SEC has requested major tech companies like Google and Facebook’s parent company Meta to block Binance advertisements in the Philippines. These steps reflect a growing trend among regulators worldwide to tighten oversight on cryptocurrency platforms and ensure investor protection. Binance has acknowledged the SEC’s statements and expressed its commitment to complying with local regulations. Following Zhao’s legal entanglements, the company has shown a willingness to adapt to the evolving regulatory landscape. This approach may be crucial as the company navigates through its current challenges and looks to consolidate its position in the global cryptocurrency market. Despite these hurdles, Binance continues to operate in other regions, seeking regulatory approvals and complying with local laws. The company’s experience in the Philippines and the US could serve as a learning curve, potentially guiding its future strategies in regulatory compliance and operational transparency.

Embattled Thai crypto exchange Zipmex is offering its creditors 3.35 cents per dollar for initial claims, with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from the company, which owes its customers $97 million.  According to a Nov. 29 Bloomberg report, Zipmex could raise the sum from 3.35 cents per dollar to 29.35 cents per dollar “contingent on the recovery.” However, major creditors are reportedly against the proposed scheme and demand an independent review of the company’s liabilities. Zipmex CEO Marcus Lim refused to confirm the cited details of a restructuring scheme but mentioned the “inaccuracies” in numbers cited by journalists, the report said. Zipmex got into trouble in the summer of 2022 when the crypto exchange, operating in Southeast Asia, filed for bankruptcy protection in Singapore. The company demanded time to work out how to address its $53 million exposure to crypto lenders Babel Finance and Celsius. Zipmex has repeatedly asked the Singaporean court to extend the moratorium on its debt. According to Bloomberg, the creditors’ vote on the current restructuring plan will happen in early December. In November, the exchange announced that all digital asset trading in Thailand would be suspended by Jan. 31, 2024. The company has been under investigation by Thailand’s Securities and Exchange Commission since early 2023. Magazine: Real AI use cases in crypto, No. 2: AIs can run DAOs

What is RET and what does it solve? $RET is the digital token of the RET blockchain project, designed to transform real estate investment and utilization through blockchain technology. It serves as a financial instrument enabling the exchange of real estate and property, streamlining the process with efficiency and transparency. The innovative approach of RET extends beyond traditional real estate, encompassing sectors like Food & Beverages and Hotel & Tourism, recognizing their intrinsic link to the real estate system. With the plan to launch through an Initial Exchange Offering (IEO) and be listed on various exchanges, $RET provides a dual opportunity for investors: trading the token in the market or using it to acquire specific properties within the RET ecosystem. This model aims to address the real estate market’s challenges like high entry barriers, lack of liquidity, and cumbersome transactions, making property investment more accessible and diversified. Token Overview  – Token name: RET TOKEN – Token symbol: $RET – Total issue supply: 1.000.000 – Total circulation supply: 5.279.291 Coinstore Listing – Trading pair: RET / USDT – Trade time: 2023/11/29 – Withdrawal time: 2023/11/29 What are the utilities of RET? The RET token, as part of the ecosystem involving platforms like DIGAS, is designed to offer several utilities within this integrated digital environment. Here are the key utilities of the RET token: 1. Medium of Exchange:RET tokens are used for transactions within the DIGAS platform. This includes purchasing intellectual property (IP) in sectors such as real estate, food and beverages, hotels, and tourism, all tokenized as NFTs. 2. Facilitating Fractional Ownership:Through RET tokens, investors can acquire fractional shares in high-value assets like real estate NFTs, making investment more accessible and flexible. 3. Rental and Collaboration Transactions: Investors can potentially use RET tokens for renting out or collaborating their NFT-based properties with DIGAS brand partners, opening avenues for income generation or other benefits. 4. Liquidity in Real Estate Investment: By enabling the purchase of real estate as tokenized assets (NFTs), RET tokens help to address the issue of illiquidity traditionally associated with real estate investments. 5. Strengthening Token Demand and Value: The necessity of RET tokens for various transactions within the DIGAS ecosystem and potentially beyond creates a demand for the token, which can contribute to its market stability and value. 6. Incentivizing Participation: Holders of RET tokens might be incentivized to participate in the ecosystem through potential rewards, discounts, or access to exclusive features or partnerships. 7. Governance and Voting: In some ecosystems, tokens like RET can be used for governance purposes, allowing token holders to vote on key decisions or proposals within the platform. 8. Economic Ecosystem and Profitability: The integration of RET tokens into a broader economic ecosystem, involving real estate, hospitality, and other sectors, aims to create multiple streams of utility and profitability for token holders. In summary, the utilities of the RET token revolve around facilitating transactions within the DIGAS e-commerce platform, enabling new forms of asset investment and management, and potentially supporting the overall growth and stability of its ecosystem. What does the project ecosystem include?  The RET project presents an expansive ecosystem that intricately blends traditional industries with innovative blockchain technology, creating a multifaceted network of partnerships and initiatives. At the core of this ecosystem is Real Estate Development, featuring unique and pioneering projects. Residential developments like Aparthouse are reshaping the property industry by merging apartment design with the concept of landed houses, exemplifying innovation in residential spaces. Additionally, mixed-use residential projects such as SHILA at Sawangan stand out with their luxurious waterfront living in South Jakarta, encompassing a vast area and integrating untouched nature with modern living conveniences. The ecosystem also extends into Mixed-Use Resorts. Mawatu, located just 7 km from the International Airport of Flores, is a prime example. It’s positioned as the first privately-managed international integrated township in the region, combining elements like five-star hotels, lifestyle hubs, beach clubs, and shopping centers, thereby creating a comprehensive lifestyle and commercial destination. Hotel Chains form another pillar of the ecosystem, with the Artotel Group being a significant player. This leading Indonesian homegrown Hospitality Management group is known for its creative lifestyle and community-centric approach, managing an impressive portfolio of 52 hotels across the country, from Jakarta to Papua. In the Food & Beverages sector, the project collaborates with entities like Foodiz, Indonesia’s renowned culinary business learning center. Foodiz offers comprehensive support to the culinary business, ranging from operational guidance to facilitating investor funding, thus fostering growth and innovation in the F&B industry. Lastly, the ecosystem makes a foray into the Metaverse and Technology through partnerships with entities like the WIR Group. As a leader in immersive technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) in Southeast Asia, WIR Group brings a technological edge to the RET ecosystem. With its global patents in AR, the group is at the forefront of integrating these advanced technologies into the broader business landscape. Together, these diverse sectors and partnerships under the RET project aim to harness the power of blockchain technology, creating a dynamic and interconnected ecosystem. This network not only provides innovative solutions and opportunities across various industries but also paves the way for novel methods of investment and collaboration in the ever-evolving digital landscape. RET Official Media Website | Twitter | Telegram  About Coinstore Accessibility. Security. Equity. As a leading global platform for cryptocurrency and blockchain technology, Coinstore.com seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 3.2 million users worldwide, Coinstore.com aims to become the preferred cryptocurrency trading platform and digital service provider worldwide. Coinstore Media Contact Pei Shan, Marketing Executive | peishan@coinstore.com Jennifer Lu, Brand Ambassador | Jennifer.lu@coinstore.com Coinstore Social Media Twitter | Discord | Facebook | Instagram | Youtube | Telegram Discussion | Telegram Announcement The post Exploring the RET Ecosystem: Innovating Real Estate and Beyond with Blockchain Technology appeared first on Visionary Financial.

Stablecoin issuer Tether has moved to freeze a whopping $225 million believed to belong to an international human trafficking group in Southeast Asia to assist the U.S. Department of Justice. No To Human Trafficking: Freezing USDT Related To ‘Pig Butchering’ Scam Tether revealed on Monday that it has taken measures to block self-custodied digital wallets holding USDT that were linked to a human trafficking syndicate in Southeast Asia in collaboration with the United States Department of Justice (DOJ).  The bad actors were running an expansive “pig butchering” scam. It’s a type of scheme where scammers create an online relationship with unsuspecting individuals and then trick them into sending money for a bogus investment opportunity, much like a farmer fattening up his pigs before taking them to slaughter. Tether revealed that the freezing of $225 million USDT followed a “months-long investigative effort” into the movements of the funds between the firm and crypto exchange OKX using blockchain analysis firm Chainalysis tools. Data from Lookonchain indicates that the $225 million was frozen across 37 wallets. The landmark move marks the biggest-ever freeze of USDT. Tether clarified that the frozen wallets are not directly tied to its customers as they are on the secondary market. “Through proactive engagement with global law enforcement agencies and our commitment to transparency, Tether aims to set a new standard for safety within the crypto space,” Tether CEO Paolo Ardoino posited. “Our recent collaboration with the Department of Justice underscores our dedication to fostering a secure environment.” The company said it would “work quickly” with U.S. authorities to unfreeze any lawful accounts that may have been affected by the operation. Collaborative Efforts With Law Enforcement Tether mints USDT — the industry’s third-biggest crypto after Bitcoin and Ethereum. The company has in the past worked with global law enforcement agencies to track and freeze assets linked to criminal and terrorist activity. Case in point, Tether collaborated with Israel’s National Bureau for Counter Terror Financing (NBCTF) last month to freeze over $873,000 worth of USDT across 32 addresses tied to terrorism and warfare in Israel and Ukraine. Notably, OKX’s Chief Innovation Officer, Jason Lau, also highlighted the exchange’s commitment to collaborating with law enforcement and various industry actors to combat crypto-related crime. “Collaborating with industry stakeholders, including law enforcement agencies, is a key tenet of our approach to building trust and serving the public good as a leader in the crypto industry. At OKX, we will continue to contribute to these initiatives on a proactive basis,” he concluded.