According to Indian Banks’ Association (IBA), Indian Banks’ Digital Infrastructure Company (IBDIC) is working on implementing domestic Letter of Credit (LC) issuance on blockchain. According to Minister of State for Finance Bhagwat Karad, only a few banks are currently using blockchain technology The IBDIC, formerly known as Indian Banks’ Blockchain Infrastructure Company (IBBIC), is a …
The government-backed open network for digital commerce (ONDC) is shifting its role from being an enabler of digital infrastructure to encouraging network participants to drive their own business. Discounts on the network have decreased and participants will now bear the responsibility of driving business. ONDC plans to add more categories and expand its financial services, …
ONDC will eventually limit its role as an enabler of digital infrastructure Read More »
For those willing to take bigger risks, the search for the next champion is already on. The recent price rally of Solana (SOL), Maker (MKR), and Chainlink (LINK), was a stark reminder. Even as BTC prices rose in line with speculations over a spot ETF, altcoins with lower market caps saw an exponential jump in …
Beyond BTC and ETH: Navigating upcoming themes for the next bull run Read More »
Like India’s Open Network for Digital Commerce, or ONDC, Gambia’s new network Open Gambia is underpinned by the Beckn Protocol – an open specification that creates a common language for interoperability among different digital platforms to facilitate peer-to-peer economic transactions – that is attracting increasing interest from around the world.
Invalid UPI IDs will get deactivated by December 31: The National Payments Corporation of India (NPCI) has set a December deadline for deactivating UPI IDs and numbers that have been inactive for over a year. This move aims to prevent unintended money transfers when customers change their mobile numbers without disassociating them from the banking …
Banking frauds: NPCI asks banks to deactivate these UPI IDs by December 31 Read More »
The startups had presented their project at the Bitget’s first shortlisting round on November 26 in Bangalore, India. The top 10 selected startups will pitch at the BUIDL for Web3 Summit’s pitching session SPOTLIGHT on December 4. The startups that are pitching include Nexus Network, Blockflow, Lync, Sadaiv, 0xRivendall, StationX.network, Plena Finance, Reax, and Wallet …
Bitget shortlists Indian Web3 projects under its $10 million Blockchain4Youth fund Read More »
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, surged to $810 billion. Bitcoin’s dominance is currently 52.59%, according to CoinMarketCap. BTC volume in the last 24 hours rose 51.82% to $24.14 billion. Meanwhile, Ethereum, the second largest cryptocurrency, surged 4.4% to $2,251.8 amid a broader rally in the crypto …
The prevalence of centralized exchanges stems from their user-friendliness and simplified trading processes. However, investors must recognize the importance of selecting a compliant exchange to ensure a secure and protected investment environment. What constitutes a compliant exchange? What are the crucial factors to consider when selecting a VDA exchange? Know here:
Zo House BLR at Anaa Infra’s Signature Towers is a home away from home for an elite group of 405 members who hold nonfungible tokens (NFTs), including actor Lisa Ray, former Unacademy chief of design Abhinav Chhikara, and Polygon cofounder Sandeep Nailwal, Uber India founding member Akshay BD and influencer Tanmay Bhat.
This article discusses the concept of Smart Routing in UPI transactions. Smart Routing is a feature that improves the success rate of payments by routing transactions through different UPI IDs associated with a user’s bank account. It acts as alternative routes to avoid payment failures. Users can have up to four UPI IDs for the …
Smart Routing: Why and how you can have multiple UPI IDs on Google Pay Read More »
