Pakistan's Crypto Push, Axis Bank's Blockchain Deal, and Ripple's DeFi Expansion
In this episode of the Crypto Daily Brief, the conversation starts with a welcome and an overview of the top stories in the crypto world. The episode highlights Pakistan's recent cryptocurrency initiatives and regulatory developments, shedding light on the country's evolving approach to digital finance. It also covers Axis Bank's new blockchain partnership with JPMorgan's Kinexys, discussing its broader implications for blockchain in the financial sector. Additionally, the episode explores Ripple's acquisition of Hidden Road and its potential impact on the DeFi landscape. The episode concludes with closing remarks and an invitation for listeners to follow for more updates.
Key Points
- Pakistan plans to allocate surplus electricity to Bitcoin mining and AI data centers, aiming to boost its position in the global cryptocurrency landscape and foster innovation through regulatory sandboxes.
- India's Axis Bank has partnered with JPMorgan's Kinexys Digital Payments to offer 24/7 blockchain-based USD clearing services, enhancing the speed and reliability of cross-border transactions for businesses.
- Ripple has acquired Hidden Road for $1.25 billion to expand its institutional crypto services, aiming to integrate traditional finance with decentralized finance and use its stablecoin for cross-margining between digital and traditional markets.
Speakers
Michelle
Host • 100%
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Transcript
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