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NPP: The First CBDC Platform Consolidating Banking, Payment, and Merchant Services

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The financial system plays a significant role in the economy. Merchants form one of the greatest clients of financial institutions, and for years, merchants have been following bank policies religiously. Furthermore, the banking sector has been dormant, with banks operating conventionally with no notable innovation. Although most of them adopted mobile transactions, they were still heavily dependent on traditional systems. Besides, the transactions still have their share of setbacks, especially on fees and unsupported international transfers, making them inefficient. 

However, financial technology gurus are waking up to the realization that the financial industry and, more so, banking systems are due for a change. Apollo Fintech, a blockchain company based in North America and Africa, seems to be the new hope for the industry. The company utilizes modern technology, blockchain to revolutionize the banking service experience, including central banks, merchants, and people. Apollo Fintech has successfully integrated banking, payment, and merchant services in a single platform, dubbed the National Payment Platform (NPP), through blockchain technology capabilities.  

NPP Banking Service

Merchants have been content with traditional banking procedures and policies as they had no decent alternatives. According to most of them, the challenges associated with traditional banking were a cost they had to pay in their business. The system was generally characterized by slow transaction processing, high cost, limited usability, and inaccessibility. Apollo Fintech is changing the game in banking services and adding some value by giving central banks the ability to introduce a new currency, a digital currency. 

Several central banks have, in the past, attempted to launch a digital currency, CBDC, although none of them has been successful. However, the National Payment Platform is providing the necessary infrastructure. The platform will allow any central bank to issue a digital currency and onboard commercial banks, agents, merchants, and the people. That way, banking services will be accessible to all populations provided they own a phone. The digital currency will be held in an online wallet, and users only need to sign up online. 

Under traditional banking, over 1.7 billion adults had no access to banking services by 2017. The situation could be blamed on banks’ conditions on opening accounts and the accessibility of commercial banks due to their characteristic of concentration in urban centers. The NPP makes all banking services available on mobile phones, including phones utilizing outdated technology. Deposits and withdrawals will be instant through the online wallets, and they can also link the wallet with bank cards as an additional option for funds top-up or withdrawal. People will have banking services with them wherever they go as long as they have their phones, and all through the day and night. Further, authorized agents will be spread across countries to make the digital currencies and banking services available for the people.

NPP Payment Service

Among the significant challenges with payment services in conventional banking include payment processing speeds, especially for payments made abroad, and transaction fees. The National Payment Platform will solve these problems with the platform’s online wallet, the platform-compatible Apollo Knox Pay, and the CBDC. Users will be able to make peer-to-peer payments using digital assets in their wallets, at reduced costs. The payments will be frictionless, and users can even make payments abroad in minutes.

The platform offers different ways of sending payments, including SMS, its app, offline codes, and QR codes. It will allow economic players to save significantly on waiting times and resources, 

NPP Merchant Services

Aside from banking services, merchants utilize other platforms to advertise their goods to catch the eye of potential customers. Some make use of free social media, while others pay for slits in advertising platforms. However, Apollo Fintech’s new payment platform is providing merchants with this functionality. 

Merchants using the platform can publish a catalog of their goods and services directly on the payment platform. Interested users can buy the goods and make payments to the merchant directly through the platform. It also features a point of sale system that will allow users to sell their products and services directly and receive payments, although locally. 

Summing Up

Apollo Fintech has been among the top companies utilizing blockchain technology to revolutionize various sectors. While this article focuses more on the integration and added capabilities and functionalities in banking, payment, and merchant services, platform users will benefit from blockchain characteristics. 

Part of the benefits they will all enjoy is the quantum-resistant data encryption mechanism on an immutable ledger. The immutable and distributed ledger ensures that no more action can be taken once a transaction is complete and recorded. It will be the ultimate platform that solves cybersecurity threats all at once.

Blockchain technology will provide unprecedented safety in the financial sector and foster privacy in an individual transaction. For now, people only have to wait for the first central bank digital currency based on Apollo Fintech’s National Payment Platform and enjoy a seamless experience.

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Firework Games Studio Builds its first Battle Royale Game – SPARK ERA, with Security and Stability on AWS

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Firework Games has been working with the leading cloud infrastructure provider Amazon Web Services (AWS) on the upcoming release of the first-ever 3D space battle-royale game embedded with a reinforcement learning element (Companion NPC AI). Since the last article  about the SPARK ERA – AI-Enhanced NPCs, Firework Games has been working on integrating and introducing this feature for the first time in a galactic-based battle-royale MMO game.

Firework Games has worked very closely with AWS to bring this innovative feature to players. The integration of AWS services such as Amazon EC2, Amazon S3, Amazon RDS, Auto Scaling has allowed the studio to build a scalable and reliable game server architecture that can handle the high concurrency and intense load expected during the launch of SPARK ERA. In the upcoming days, Firework Games plans to use AWS’s AI / ML services to provide an enriched player experience by automatically extracting in-game information like character names, weapons, and gear from images and text within game videos.

Using the AWS Enterprise On-Ramp support plan, the studio was able to quickly reap the benefits of a well-planned approach through infrastructure event management (IEM), AWS best practice guidance and communicating with global AWS experts to ensure SPARK ERA’s security and stability. In particular, AWS GPU cloud services are now helping the studio to accelerate their AI models. 

“Integrating AWS’s services into our game architecture has allowed us to focus on what we do best—building an amazing 3D space battle royale game with companion NPC AI,” said Moses Ip, CEO of Firework Games. “We are excited to be able to leverage the power of AWS to bring even more innovation to our players.”

About Firework Games

Firework Games is a game development company committed to using cutting-edge technology in its games. The infrastructure is built with gaming in mind, allowing for unique gameplay experiences. Immersion and mobile apps are emphasized at the Studio, allowing players easy access to our games while integrating innovation throughout our ecosystem into the gaming business.

R&D is also the firm’s major focus. The goal is to create an immersive metaverse predicted by AI based on each user’s prior behavior. While users can be in the same dimension, their perception is unique — tailored to each user’s desires. In brief, our developers are former Tencent and NetEase, and we have AI scientists in California. The first game that we developed is Spark ERA – Echo to Universe. The beta version is currently open on PC/VR, and the official launch of the Android/iOS in August 2022.

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Moses Ip – CEO of Firework GamesThe Official Links: Twitter | Telegram | Discord | Website | Metaverse

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Revolutionary Team Presents the Pride Pixies NFTs Promoting Social Inclusiveness

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Many individuals are unfamiliar with the idea of using NFT for political change, democratic purposes, and social benefit. When it comes to NFT technology, revolution, re-organization, and re-defining are all part of artists’ daily routines. 

As one of the most innovative blockchain proponents of the year, Taylor Diamond-Vizcaino has created Pride Pixies NFT and moovmint.io, a groundbreaking NFT/DeFi platform.

As will be detailed more below, the project’s popularity has increased as a result of the team’s public revelation of their strategy.

Using NFTs to Change the World for Future Generations

True Dream Vision took a bold step following Florida’s “Don’t Say Gay” legislation. The new legislation in Florida prohibits public school students from learning about sexual orientation and gender identity. Students from all around the country came together to urge public education to become more inclusive and cohesive for everyone.

Pride Pixies NFT’s goal is to create a world where everyone may fully express themselves without fear of repercussions. When regarded from this angle, the exchange of NFTs may be considered a mechanism for speeding up the transformation process of our society toward a more inclusive framework.

The idea of scarcity is often included in the collections of many NFT ventures. Theoretically, different NFTs will have different values because of their variable rarity.

An Essential Jewel in Your Personal NFT Library

As soon as the project launch ends, traders will have access to Pride Pixie NFTs on several secondary market platforms, including Opensea and MoovMint.

There are 10,557 hand-made items in the NFT collection. A positive view of life and a willingness to speak the truth are two of the most prominent features of these artworks.

The project’s collection aims to broaden participation in the rapidly increasing blockchain industry. The team also believes that human rights should be promoted, which is the driving force for the NFT/DeFi marketplace moovmint.io.

The Pride Pixies NFTs come in a variety of skin tones and backgrounds. Symbols and imaginative references decorate these unique NFTs, making them even more interesting for experienced art collectors.

In addition, aspects of societal revolt are used in the collection to depict people who are both physically and spiritually liberated. The team decided to employ NFT technology as a means of combating any misogynistic ideas about women. The project is a celebration of the importance of women across all aspects of the world.

Founded by a Latinx LGBTQ activist and entrepreneur, True Dream Vision has made it clear how much work and resources the team is putting into this initiative for the sake of society.

The Promising Outlook of Pride Pixies

The team has recently revealed a number of project milestones. Pride Pixie pre-sales and minting will commence on June 1, 2022. Those who intend to participate in the round can apply for whitelisting on the project’s online webpage.

The sale of these Pride Pixies heralds the beginning of a brand new Ecosystem. The $MVMNT tokens are being produced for the sake of joining a play-to-earn (P2E) game in the virtual world (or, if we decide to use a more popular term, the “metaverse”).

According to the project’s developers, anybody who has owned a Pride Pixie NFT for six months or more will get an airdrop of 3000 $MVMNT tokens, which can be sold for cash on the most popular decentralized exchanges (DEX). 

Of the team’s income, 5% will be donated to the Human Rights Campaign Foundation (HRC.org) and the Ofrezco Foundation (Ofrezco.org). Early childhood education in low-income nations is being revolutionized by Ofrezco.org, which also promotes women’s engagement in the technology industry. A portion of the $MVMNT Token sales earnings will be donated to WIT (Women in Technology).

The Pride Pixies products and merchandise may currently be purchased by anybody who wants to help the initiative.

A Team of Qualified Professionals

Team members feel society’s day-to-day activities are often affected by the gradual and persistent change. Pride Pixies NFT aims to promote equal opportunity and social fairness regardless of one’s gender, ethnicity, or any other characteristic.

Getting into the field of information technology might be difficult for many people for reasons that aren’t readily apparent. Education and market frictions, just to name a few of them, are often obstacles that are hard to overcome.

In addition to its creator, the project has three additional members on its staff. Genevieve Rupelli is referred to as the “boss woman” on the project’s website, while Taylor Diamond Vizcaino refers to herself as a “creative & visionary.”

Donald Vizcaino and Muhammad Sabir Junaid join the team as “boss men,” adding their development expertise to the project.

This project has a good chance of being successful since the members of the team are dedicated, talented, and have prior project experience. The goal of the Pride Pixies NFT is to gradually shift people’s perspectives and influence lawmakers’ decisions in favor of social inclusion.

To sensitize the market, the team has hosted various events in the past. The purpose of these video lectures and webcasts is to educate the public about the NFT and DeFi worlds.

Pride Pixies aims to create a real impact in the lives of LGBTQIA people by using activism, inclusivity, acknowledgment, and advocacy. 

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The project’s technological needs are met by Polygon, Ethereum’s most renowned layer 2 (L2) solution. 

A website and social media accounts for Pride Pixies NFT are already available and will allow supporters to track the group’s progress.

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

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1. TUSD is currently in collaboration with five banks.
2. Partner banks provide a safeguard for TUSD’s asset security.
3. TUSD is now audited by auditing firm Armanino.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet. 

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

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