Japanese Gaming Giant Chooses AVAX For Resella NFT Platform

Hi NoRamp Community,

Daily News:

1) Iran to Launch Public CBDC Pilot

2) Bequant Launches Capital Introduction Platform For Crypto Hedge Funds

3) Japanese Gaming Giant Konami Chooses AVAX For Resella NFT Platform

4) Payment Network Zilch Aims to Triple Sales After Raising $127 Million

5) Nium Tapped By Air France & KLM For Payments Solution

Iran to Launch Public CBDC Pilot:

• The Central Bank of Iran (CBI) is launching a national digital currency, the digital rial, in a public pilot targeting domestic micropayments, starting on June 21 on Kish Island.

• The pilot will allow bank customers and tourists to use the digital rial for payments by scanning a barcode, providing an additional payment method alongside cash and bank cards, and enhancing payment security and ease.

• The digital rial aims to develop Iran’s digital economy and improve micropayments, but it will be used exclusively within Iran’s geographical boundaries, with the government maintaining a mixed stance on cryptocurrencies like Bitcoin and regulating local crypto mining since 2018.

Bequant Launches Capital Introduction Platform For Crypto HF:

• Bequant has launched a capital introduction platform for crypto hedge funds and high-net-worth individuals (HNWIs), allocating its own capital to traders alongside investors using the platform.

• Designed for crypto hedge funds, fund of funds, family offices, and HNWIs, the platform leverages Bequant's prime brokerage service, which includes services such as borrowing securities and cash for hedge funds to achieve returns.

• The platform manages assets across various liquidity pools, including over 15 centralized exchanges, more than 30 decentralized exchanges, and multiple OTC liquidity providers, using Fireblocks to access DeFi liquidity valued at over $72.5 billion.

  

  Source: The Block

Konami Chooses AVAX For Resella NFT Platform:

• Konami Digital Entertainment announced that its non-fungible token (NFT) platform, Resella, will utilize the Avalanche blockchain for increased efficiency and lower costs.

• Powered by the Avalanche Subnet and supported by Ava Labs’ AvaCloud Web3 launchpad service, Resella aims to offer zero gas costs and consistent processing speeds.

• Resella, designed for developers and users, allows seamless design, issuance, and trading of NFTs within applications and envisions integration across services, enabling NFTs to serve as event tickets or unlock exclusive in-game content.

Payment Network Zilch Aims to Triple Sales After Raising $127 Million:

• British payments FinTech Zilch raised $127 million in debt financing through Deutsche Bank to accelerate product launches and prepare for an IPO, announced on June 19.

• CEO Philip Belamant highlighted plans to triple sales volumes and achieve capital efficiencies, while CFO Hugh Courtney noted that the financing sets a benchmark for future debt issuance pricing and terms.

• Zilch, known for its direct-to-consumer, ad-subsidized payments network, allows customers to purchase products and pay in monthly, interest-free installments, catering to the growing demand for buy now, pay later (BNPL) programs amid budgetary pressures.

Nium Tapped By Air France & KLM For Payments Solution:

• Nium, a US-based cross-border B2B payments platform, announced a collaboration with Air France and KLM to enable "closed loop" electronic payments between the airlines and selected travel agents using the Nium Airline Payments (NAP) solution.

• NAP, which leverages UATP authorisation rails and bank transfers, aims to simplify reconciliations, expedite settlements, and reduce costs by eliminating intermediaries from the payment flow, initially deploying across Europe starting in Italy.

• John Taylor, head of airline payments at Nium, emphasized that payments now play a crucial role in airline distribution and control within indirect sales channels; this partnership follows Nium’s recent $50 million Series E funding round and potential IPO plans for 2025.

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