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Nish Kotecha On The Future Of Banking Powered By Blockchain
In this video, Nish Kotecha, Co-Founder and Chairman at Finboot, discusses his view on the future of banking supported by blockchain. Finboot is a company that focuses on providing industries with help in technological aspects of their businesses.
“Blockchain can enhance trust because it gives you provenance and the right permissions, transparency and traceability of what’s happening and where, unlike any database today.”
“We still need the support because you can’t afford, in the case of Silicon Valley [a bank which has shut down], startups and the technology and life sciences ecosystem going bust because banks made a bad decision … Paying wages next week became a real issue until the government stepped in and supported this. But it cannot happen often enough that governments are also at risk … Blockchain and regulation could have been a more sustainable opportunity.”
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
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