Ripple has introduced blockchain-enabled cross-border payments in the United Arab Emirates (UAE), potentially accelerating cryptocurrency adoption in a nation that embraces digital assets. Announced by Ripple on May 19, this blockchain payment system will be primarily utilized by Zand Bank, the UAE's first all-digital bank, and Mamo, a fintech company providing digital payment solutions for businesses. Both entities will use Ripple Payments to facilitate cross-border transactions. Ripple Payments combines stablecoins, cryptocurrencies, and fiat currencies to enable smooth payments with rapid settlement times, addressing shortcomings in traditional cross-border financing systems. Having received a license from the Dubai Financial Services Authority (DFSA) in March, Ripple already offers cryptocurrency payment services within the region.
Ripple Launches Blockchain Cross-Border Payments in UAE to Boost Crypto Adoption
The Walt Disney Company has initiated a significant legal action against Google by issuing a cease-and-desist letter, accusing the tech giant of infringing on Disney’s copyrighted content during the training and development of generative artificial intelligence (AI) models without providing compensation.
As artificial intelligence (AI) advances and increasingly integrates into digital marketing, its influence on search engine optimization (SEO) is becoming significant.
MiniMax and Zhipu AI, two leading artificial intelligence companies, are reportedly preparing to go public on the Hong Kong Stock Exchange as early as January next year.
Denise Dresser, CEO of Slack, is set to leave her position to become Chief Revenue Officer at OpenAI, the company behind ChatGPT.
The film industry is experiencing a major transformation as studios increasingly incorporate artificial intelligence (AI) video synthesis techniques to improve post-production workflows.
AI is revolutionizing social media marketing by offering tools that simplify and enhance audience engagement.
The emergence of AI-generated influencers on social media signifies a major shift in the digital environment, sparking widespread debates about the authenticity of online interactions and the ethical concerns tied to these virtual personas.
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