In recent years, the digitalization of payment methods has become a reality, where more and more users have begun to replace cash with digital payment methods.

A clear example of the digital payment model is the well-known technology and finance companies known as fintech.
Fintech integrates the concepts of "finance" and "technology", representing companies that use technological innovation to optimize financial services and the customer experience. These companies have revolutionized the traditional banking sector, offering more accessible, faster and cheaper solutions, from mobile payments and international transfers to loans and investment management.

Kima Network's Q2 2024 was marked by impressive achievements and a clear trajectory for future growth in the decentralized finance landscape.
Testnet Success and User Adoption:
Kima's testnet exceeded expectations, processing over 1 million transactions and attracting over 170,000 unique wallets. This demonstrates the network's robust infrastructure and the increasing interest from users. With a swift average block time of 3.4 seconds, Kima prioritizes user experience.
Partnerships and Integrations:
The network's growth is further fueled by strategic partnerships and integrations. Over 203 agreements are in the pipeline, and 40 dApps are integrating with Kima, expanding the ecosystem's reach and functionality. Recent MOUs with projects like Fizen, RedBelly, Verida, and Script Network underscore Kima's commitment to collaboration.
Innovative Solutions:
Kima is actively exploring new use cases, including on/off-ramp solutions, peer-to-peer atomic swaps, liquidity provision, and universal payment rails. These initiatives demonstrate Kima's dedication to solving real-world problems and bridging the gap between traditional finance and crypto.
Industry Engagement:
The team is actively engaging with the community through AMAs, panels, and the Kima Show Panels, fostering open dialogue and sharing insights with industry leaders.
Upcoming Milestones:
The Token Generation Event (TGE) is now scheduled for the end of Q3 2024, a highly anticipated milestone that will further fuel the network's growth.
Kima's Vision:
Kima Network's vision is to create a decentralized payment protocol that addresses fragmentation in both crypto and traditional finance. By enabling secure and accessible multi-ecosystem payments, peer-to-peer trading, and cross-chain transactions, Kima is positioned to become a key player in the evolving financial landscape.
The Road Ahead:
With a strong foundation built on technological innovation, strategic partnerships, and community engagement, Kima Network is well-prepared for continued success. The team's dedication and the support of the community are driving the platform towards its ambitious goals, promising a bright future for decentralized finance.

#KimaNetwork #Kima #fintech #web3 #defi

Egyptian fintech startup Lucky has raised $3 million in a convertible bond round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help the company achieve sustainable profitability. Lucky aims to provide accessible consumer credit solutions to unbanked Egyptians.

Main Takeaways
Major global financial institutions are increasingly viewing cryptocurrencies and blockchain as legitimate and beneficial due to advantages like speed and transparency.

Recent regulatory developments are viewed positively as they can enhance trust, and user protection and enable greater crypto adoption.

Traditional financial entities consider crypto integration a growth opportunity, with regulatory frameworks essential for building trust among institutional investors and encouraging their adoption.
#Crypto #Blockchain #fintech
#CryptoGovernance #BinanceFuturesNEXT

Bonk DAO, the decentralized autonomous organization behind the coin meme, has accepted a proposal to launch cryptocurrency tokens with one of Europe's "largest fintech companies." The proposal didn't specify which fintech platform it was with, but it's believed to be a partnership with cryptocurrency-friendly financial services company Revolut.

The proposal also mentions the fact that the #fintech platform boasts a user base of over 38 million users and operates in more than 50 countries, further suggesting that it is a Revolut platform. Interestingly, the partnership aims to attract "500,000 new #BONK users" and increase the base of active #cryptocurrency holders.
Launching tokens on the Revolut platform is the first step towards achieving this goal, but the focus is on the "Learn and Earn" campaign that will follow shortly after. This educational initiative will be implemented as soon as one or two months after the token launch. The plan is to create space for organic growth by listing BONK before attracting new users.
Meanwhile, the proposal (before it was accepted) also stated that vendor due diligence (VDD) and all other legal requirements had been met, which seemed to be the only thing preventing the move. Once the proposal has been accepted, it shouldn't take long for this #meme coin to show up on fintech platforms' listings.
BONK is still considered the meme coin of the next bull cycle. In past market cycles, meme coins such as DOGE and SHIB have made unimaginable gains amid huge rallies. On the other hand, BONK is expected to take a similar position, partly due to its close relationship with Solan.
BONK was the first meme coin created in Solan, and SOL is considered one of the major altcoins that will rise from strength to strength when the bull market returns in earnest. If that happens, meme coins could capitalize on the attention and make a run of their own.
According to CoinMarketCap, BONK was trading at around USD 100000142 at the time of writing, having risen more than 10% in the last 24 hours.
Scott Matherson is a leading Bitcoinist crypto writer with sharp analytical skills and a deep understanding of the digital currency landscape.
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