Magic Partners With Tezos Foundation to Simplify dApp Onboarding

Hi NoRamp Community,

Daily News:

1) Magic Partners With Tezos Foundation to Simplify dApp Onboarding

2) Stripe Reenters Crypto With USDC on ETH, Solana and Polygon

3) MapMetrics Ditches Solana Blockchain For Peaq

4) Visa Teams With AWS to Streamline Cross-Border Payments

5) IBM Acquires HashiCorp For $6.4bn to Enhance Hybrid Cloud Capabilities

Magic Partners With Tezos Foundation to Simplify dApp Onboarding:

• The Tezos Foundation has partnered with Magic to improve the onboarding process for users of decentralized applications (dApps) by integrating Magic’s wallet solutions with Tezos’ blockchain, enhancing the user experience for web3 applications.

• Magic’s wallet solution, supported by a grant from the Tezos Foundation, allows users to create wallets easily without the need for seed phrases, downloads, or plug-ins, thereby simplifying access and enhancing the usability of decentralized applications.

• This collaboration aims to expand user engagement and application development on the Tezos platform, with both organizations focusing on security, scalability, and simplifying the complexities of wallet management in a multi-chain environment, thereby aiming to onboard the next billion users to web3.

Stripe Reenters Crypto With USDC on ETH, Solana and Polygon:

• Stripe is re-entering the cryptocurrency sector by announcing plans to allow merchants to accept and receive payments in USD Coin (USDC), the second-largest stablecoin, starting this summer on platforms including Ethereum, Solana, and Polygon.

• The integration aims to empower Stripe users by facilitating global reach and providing their customers with easy, fast, and reliable transactions without needing a bank account or credit card, according to John Egan, head of crypto at Stripe.

• Payments in USDC will be automatically converted into fiat currency for deposit into merchants' Stripe accounts, aligning with the company’s broader vision of embracing cryptocurrencies and enhancing financial inclusivity while ensuring transaction security through features like KYC requirements.

  

  Source: Blockworks

MapMetrics Ditches Solana Blockchain For Peaq:

• MapMetrics, a decentralized physical infrastructure (DePIN) project, is migrating from the Solana ecosystem to peaq, a layer-1 blockchain solution optimized for DePIN and real-world machine assets, to leverage peaq's modular functionality and machine identity features.

• Brent van der Heiden, co-founder of MapMetrics, highlights that peaq's infrastructure, including a decentralized multi-chain machine identity and a DePIN data verification framework, will enhance their project's functionality and expand its features.

• The migration to peaq will occur in multiple phases, involving smart contract deployments, transfer of core business logic, native token minting on peaq, and providing a bridging option for existing token holders, aiming to tap into peaq's community of DePIN enthusiasts and potential enterprise partnerships.

Visa Teams With AWS to Streamline Cross-Border Payments:

• Visa has joined the Amazon Web Services (AWS) Partner Network to enhance the integration and accessibility of its services for partners and clients, including cloud-native fintechs, allowing them to more efficiently access and utilize Visa's offerings without leaving their established platforms.

• As part of this new partnership, Visa is introducing its Cross-Border Solutions on AWS, aimed at streamlining cross-border transactions and multi-currency holdings, addressing the significant friction U.S. merchants face with an average 11% cross-border payment failure rate.

• Visa is also participating in AWS Activate, AWS's flagship startup program, which will provide Visa’s Fintech Fast Track program members with benefits such as up to $100,000 in AWS Activate, facilitating the expansion of digital payments, banking, and embedded finance capabilities for enterprises and fintech startups on AWS.

IBM Acquires HashiCorp For $6.4bn:

• IBM has acquired HashiCorp, a multi-cloud infrastructure automation firm, in a deal valued at approximately $6.4 billion, with the intention of enhancing IBM’s hybrid cloud platform and addressing the complexities of managing multi-cloud and hybrid environments.

• The acquisition integrates HashiCorp's advanced automation technologies, including the Terraform infrastructure provisioning tool, with IBM's existing offerings like the Red Hat Ansible Automation Platform, aiming to accelerate growth in cloud computing, AI, and IT automation. HashiCorp's products are widely adopted, used by over 85% of the Fortune 500 companies.

• Both companies anticipate significant synergies from the merger, with IBM planning to leverage HashiCorp's capabilities and client base to strengthen its position in the cloud technology sector. The collaboration is expected to enhance infrastructure and application management across public, private, and on-prem environments, particularly in the face of increasing complexity driven by the AI revolution.

NoRamp:

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