Mercuryo works with PancakeSwap to drive DeFi growth

 

Mercuryo works with PancakeSwap to drive DeFi growth

The aim of the collaboration is to offer DeFi users a convenient entry point that enables them to create popular tokens directly via Mercuryo on PancakeSwap using payment methods such as bank transfers, bank cards, Buy Apple Pay and Google Pay.

Mercuryo X PancakeSwap

To benefit from the increasing popularity of decentralized exchanges ( DEXs ), Mercuryo has announced a strategic partnership with PancakeSwap, a well-known DEX that operates on BNB Chain, Ethereum and Aptos. By combining Mercuryo's user-friendly Fiat-to-Krypto gateway with PancakeSwap's DeFi features, this collaboration aims to improve access to digital assets.

Decentralized exchanges ( DEXs ) have demonstrated remarkable resilience and adaptability in the disruptive cryptocurrency area, which has led to an increase in trading volume. PancakeSwap, known for its robust DeFi offerings, was at the forefront of this transformative trend.

The collaboration enables users to buy popular tokens directly through Mercuryo on PancakeSwap using various payment methods such as bank transfers, bank cards, Apple Pay and Google Pay. As the first Fiat-On-Ramp solution on PancakeSwap, Mercuryo is pleased to give users a convenient and easy entry into the DeFi ecosystem.

Users can simply follow the steps below to use the service:

Visit the PancakeSwap website .

Select „ Buy crypto “ from the main menu.

Enter the desired amount and currency.

Click on „ Obtain offer “.

Continue to Mercuryo.

Complete the transaction.

Chef Mochi, head chef at PancakeSwap, was enthusiastic about the partnership and said: „ Our collaboration with Mercuryo drives PancakeSwap into a more inclusive and decentralized future for finance. Together we enable users to easily access the world of DeFi and thus create an “ improved crypto experience for everyone. “

The partnership between Mercuryo and PancakeSwap represents a strategic alliance aimed at promoting broader crypto-integration and promoting the widespread introduction of DEXs. The collaboration not only aims to improve the crypto experience, but also enables users to tap the dynamic world of decentralized finance. 

What is MerCURYO: 

Mercuryo is a global payment ecosystem that develops and harmonizes crypto and Fiat solutions that enable companies around the world to develop and use the performance of crypto paymeMNT

What is PancakeSwap:

PancakeSwap is a decentralized exchange ( DEX ), which is based on BNB Chain and is available as a multichain on Ethereum and Aptos. It offers users various functions such as liquidity pools ( LPs ), swaps, yield farming, syrup pools, automated market makers, initial farm offerings ( IFOs ), an NFT profile system and other tools. In addition, the protocol helps users get the most out of their crypto assets by trading, earning through yield farming, and winning over lottery, prediction, and NFT collectibles. With the highest trading volume on the market, PancakeSwap is the leading DEX on the BNB chain.

                                                                                                                                                                


Binance Labs and CoinFund lead $10 million funding round for Cosmos blockchain Neutron


Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem.

Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead on the funding round, Binance said in a blog post Wednesday.

INVESTEMT:

Crypto investment firm CoinFund participated in the funding. Delphi Ventures, LongHash and Nomad also participated in the round.

The funding will enable the development and growth of Neutron's blockchain software and support the growth of its ecosystem, Binance said in the announcemeThe company added that its goal is to "create an environment that attracts a larger community of developers and projects to create innovative, secure and user-friendly decentralized applications (DApps)."

NEUTRON

"Neutron's technical capabilities and tech stack provide an innovative solution for a critical infrastructure that can be used by a large group of developers in the Cosmos Hub," Yibo Ling, chief business officer of Binance, said in a statement

LAUNCHPAD

Launched in May 2021, Neutron is a cross-chain smart contract platform that leverages the Cosmos ecosystem's cross-chain security feature, Replicated Security (RS).

RS enables so-called consumer chains to tap into the validators of Cosmos Hub, the central and oldest chain in the Cosmos ecosystem, to run secure applications in a cost-effective manner.


It's worth noting that Neutron is interoperable between the 51 blockchains that are part of the Cosmos network, meaning developers can easily create and link centralized apps (dApps) across different chains.

"Neutron was designed to address the three main obstacles that smart contract developers face in Cosmos: lack of security, lack of credible neutrality, and lack of access to cross-chain infrastructure," Avril Dutheil, co-founder of Neutron, said in a comment.


"With RS, Neutron has been able to solve the first two problems, while Neutron's cross-chain infrastructure enables smart contracts to cross-chain functions through IBC."


Crypto VC funding remains tight as AI takes spotlight

Artificial intelligence (AI) has become the most popular buzzword this year, especially after the successful launch of OpenAI's ChatGPT.

This has attracted the attention of VC firms around the world, with investors pouring tens of billions into AI startups to participate in this booming market.

In the first quarter of this year, the industry raised about $18 billion in funding, with some of that coming at the expense of crypto companies.


According to Evan Cheng, founder of Mysten Labs, AI startups are now receiving the bulk of cryptocurrency venture capital, the crypto veteran said in a Word on the Block interview with Forkast News.

Cheng explained that early-stage crypto companies can still raise funds even though their valuations have been hurt by the recent crypto meltdown.

However, funding for late-stage startups has become more difficult, with only exceptional companies receiving support. Cheng said:

"Once you reach the late stage of Series A and Series B, growth capital is hard to come by. It has to be an exceptional startup to get funded. Unless you're in the bubble of excitement for generative AI, it's going to be much harder for any startup to get money."

                                                      


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