Magic Eden Launches Multi-Chain Wallet

Hi NoRamp Community,

Daily News:

1) Chris Dixon’s New Book Explores All the Cool Stuff Blockchain Can Do

2) Magic Eden Launches Multi-Chain Wallets

3) PayPal Ventures Uses Its Stablecoin For Investment in Mesh

4) Sunwest Bank Launches Visionary Card With Torpago & Marqeta 

5) Amazon Partners With Fintech Kueski For BNPL in Mexico

Chris Dixon’s New Book Explores All the Cool Stuff Blockchain Can Do:

• Chris Dixon of Andreessen Horowitz will release “Read Write Own: Building the Next Era of the Internet” on January 30, focusing on blockchain's role in fostering a creative and open internet.

• Dixon leads a16z Crypto, which grew from $300m to over $7b, investing in diverse crypto and web3 projects. His book emphasizes blockchain's broad applications beyond finance, targeting a wide audience.

• The book discusses blockchain’s potential in various sectors, including its importance in online security. Dixon also highlights a16z Crypto's focus on regulatory compliance and cautious investment strategy, as shown by their avoidance of FTX.

Magic Eden Launches Multi-Chain Wallets:

• Magic Eden has launched a multi-chain wallet supporting Solana, Bitcoin, Polygon, and Ethereum, following its beta version in November 2023.Developed with Exodus, the self-custodial wallet offers user-friendly features like instant cross-chain swaps, NFT portfolio management, and direct NFT trading.

• To attract users, Magic Eden offers limited-time in-wallet mints and perks. Initially Solana-focused, it expanded to support Polygon, Bitcoin, and Ethereum, now ranking second in daily trading volume for Bitcoin Ordinals NFTs.

PayPal Ventures Uses Its Stablecoin For Investment in Mesh:

• PayPal Ventures invested $6.5 million in Mesh, a digital transaction security firm, with $5 million in PYUSD, marking its first crypto investment since May 2023.

• Mesh is developing a product to transfer crypto across financial accounts and wallets, similar to Plaid's capabilities.

• Mesh CEO Bam Azizi highlighted PYUSD's advantages over traditional payment methods for its 24/7 operation and low cost. Despite its slow rollout and position as the eleventh-largest stablecoin, PYUSD's role in PayPal's strategy remains unclear, especially with the company's recent AI-focused direction.

Sunwest Bank Launches Visionary Card With Torpago & Marqeta:

• Sunwest Bank partners with Torpago and Marqeta to launch the Sunwest Visionary Card, combining a commercial credit card with an expense management solution, signifying a leap in modern financial management.

• This collaboration exemplifies the digital transformation in banking, especially for community businesses. Torpago provides a bank-branded technology platform for streamlined financial operations, enhanced by Marqeta's modern card issuing API.

• The Sunwest Visionary Card aims to empower entrepreneurs, reflecting Sunwest Bank's commitment to business growth and community financial health. The partnership focuses on creating new income streams, attracting deposits, and improving operational efficiency, thus offering a modern, efficient, and customer-focused banking solution.

Amazon Partners With Fintech Kueski For BNPL in Mexico:

• Amazon Mexico has teamed up with fintech Kueski to introduce personal loans and Buy Now Pay Later (BNPL) services in Mexico, marking Amazon's first BNPL offering in the Latin American country.

• Under this partnership, Amazon customers in Mexico can pay in bi-weekly installments for up to 12 purchases, with Kueski providing the financing and determining credit allowances for users.

• This collaboration reflects the growth of financial services startups in Mexico, where less than half the population has a bank account. Kueski, experiencing significant growth with a recent $202 million Series C funding, sees Mexico as a promising market for expansion, especially with its recent integration with Amazon.

NoRamp:

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