WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar.
It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.
The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).
WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.
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RAK DAO (Ras Al Khaimah Digital Assets Oasis) is a government-supported free zone in the United Arab Emirates, launched in 2023. It is the world's first and only free zone exclusively dedicated to digital and virtual asset companies. The initiative is designed to create a vibrant ecosystem for Web3, blockchain, AI, and other emerging technologies, positioning Ras Al Khaimah as a global hub for innovation.
RAK DAO provides a comprehensive suite of services and infrastructure to support the growth of digital asset companies. This includes a robust and transparent legal framework, a variety of licensing options (including for freelancers and digital nomads), and access to a network of partners, VCs, and academic institutions. The free zone offers a range of facilities, from co-working spaces to dedicated offices, and provides professional services to assist with everything from company setup to ongoing operations.
The Hedera Foundation, which fuels the growth of the Hedera ecosystem, is a key partner of RAK DAO. This strategic alliance provides RAK DAO members with direct access to the Hedera network, including grant programs and technical support.
Diamond Standard creates a novel, investable, and tradeable asset class through the tokenization of real, investment-grade IGI (International Gemological Institute) and GIA (Gemological Institute of America) certified diamonds.
These commodities are investment products combining real diamonds with digital blockchain technology. They offer investors a standardized unit of diamonds in the form of “Coins” and “Bars.” These can be traded for liquidity or held as investments secured by both the physical commodity and the immutable Hedera blockchain.
Each Coin and Bar contain an equivalent, optimized set of natural diamonds that add up to the same geological scarcity of carat weight, color, and clarity. Every sample and every commodity are public, and are designed to trade in lockstep market price.
Inside each asset is a military-grade wireless (NFC) encryption chip, enabling authentication, instant transactions, and remote audit.
Diamond Standard seeks to provide investors with a secure and accessible way to invest in diamonds at convenient, lower entry point via digital tokens called “Carats” issued from physical commodities.
Beem is a versatile Australian digital wallet owned by Digital Wallet Pty Ltd and now part of Australian Payments Plus, a member of the Hedera Governing Council and the collective that also includes BPAY Group, eftpos and NPP Australia.
It enables Australians to pay, request, transfer and split money instantly by using familiar contact names instead of BSB and account numbers. The app also supports BPAY for bill payments and offers features such as rewards and cashback through Beem Rewards and Cashrewards, loyalty and gift card storage, animated stickers and group expense management.
Eftpos acquired Beem in 2020 to expand into digital wallet services and leverage its payments infrastructure for faster growth. Since then it has been downloaded more than 1.4 million times and has facilitated over US 1 billion in transactions. Australian Payments Plus operates a Hedera network node in Australia and has trialled the Hedera Consensus Service and an Australian dollar based stablecoin to enable secure and low cost micropayments, providing a potential foundation for future Beem innovations.
Music Battles is a "play-to-earn" social music gaming platform that combines the excitement of a live music competition with interactive mobile gaming. The company's mission is to revolutionize the music industry by creating a new ecosystem where artists, fans, and brands can connect and share value in a transparent and engaging way.
The core of the Music Battles experience is its mobile app, which allows users to vote for their favorite artists, participate in "Song Battles," and earn rewards for their engagement. The platform also features "SongSponsors," a proprietary, patent-pending system for programmatic royalty distribution that aims to create a more equitable model for artists. A central element of the ecosystem is its marketplace, where users can buy, sell, and trade digital collectibles, including song NFTs, and use the platform's native utility token for in-game transactions.
Music Battles is built on the Hedera network, leveraging its enterprise-grade performance to power its real-time gaming and transaction-based features. The Hedera Token Service (HTS) is used to mint all NFTs and the platform's native utility token, ensuring fast, low-cost, and secure transactions.