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Elastos Releases Inaugural BIT Index to Track Awareness, Knowledge and Use of Bitcoin around the Globe

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Singapore – 25/04/2024 – (SeaPRwire) – Recently, Elastos has released Inaugural BIT Index (Bitcoin, Innovation & Trust) to track awareness, knowledge and use of Bitcoin around the globe. The report shows that Nigeria and UAE markets surge towards Bitcoin, overtaking traditional payment methods. 23% respondents from Nigeria and 20% of those from the UAE use Bitcoin every day (global average 15%); compared with Germany (just 8%) and the UK (9%).

Nigerian consumers are leading the shift in terms of usage, trust levels and optimism for the future.

One-in-five Nigerian (20%) consumers are using Bitcoin to conduct transactions ‘at least once a day’, while 67% would have more trust in Bitcoin to project their life savings than traditional services such as banks, local Governments and, even, cash, according to new research published by Web3 infrastructure specialists, Elastos.

The inaugural BIT Index (Bitcoin; Innovation & Trust) – compiled from over 1,400 self-defined ‘tech savvy’ respondents from 7 countries across the globe* – sheds light on the actual perception and use of Bitcoin in people’s daily lives, irrespective of its current valuation. Elastos’ BIT Index is part of ongoing research to better track the ‘real world’ use of Bitcoin together with users’ motivations, expectations and barriers around the same.

In particular, the data reveals the role being played by emerging markets in terms of understanding, usage and confidence around Bitcoin. Nigerian respondents’ levels of usage and trust compare starkly with those expressed from so-called ‘established’ markets such Germany and the UK and Germany where daily usage levels are just 8% (for German respondents) and (9% for their UK counterparts).

In terms of trust – in addition to Nigeria – significant proportions of respondents from Brazil (35%) and the UAE (32%) would have more confidence in Bitcoin-based services to protect their life savings compared to those from markets such as the UK (20%) and Germany (22%).

When it comes to ensuring the integrity of online transactions, emerging market respondents also revealed their relative confidence in Bitcoin, compared to alternatives. According to the data 66% Nigerian respondents and 35% from Brazil have more confidence in Bitcoin-based systems than alternatives such as banks, or national Governments, compared to figures of just 16% (Germany) and 21% (UK) who feel the same.

Jonathan Hargreaves, Elastos’ Global Head of Business Development & ESG, described the BIT Index’s inaugural findings as indicative of the role the ‘global south’ is playing in the adoption of decentralized currencies such as Bitcoin.

“The BIT Index offers a fascinating and sobering insight into the industry. The fact that over two-thirds of Nigerian consumers and a third of their counterparts from the UAE and Brazil would feel more confident entrusting their life savings in Bitcoin than traditional financial instruments speaks volumes about the protagonism these regions are already playing. In many instances, the driving factor is the absence of viable – accessible – alternatives to, for instance, conduct cross-border transactions or mitigate the impact of inflation,” he says.

In terms of usage, the research revealed the purpose to which Bitcoin was increasingly becoming a currency of choice amongst emerging market consumers:

  1. To send and receive money from abroad: Nigeria (48%), compared to a global average of 28%); Germany (just 18%), the UK (20%)
  2. To store savings; Brazil (51%) and Nigeria (49%) compared to a global average of 43% (South Korea, just 27%)

These respondents also revealed optimism with respect to the future. According to the data, 78% of Nigerian respondents and 70% of Brazilians believe that usage (and valuation) of Bitcoins will continue to rise during the year, compared to a global average of 60% (UK (42%) and South Korea (47%)).

The index also covered the issue of this month’s Bitcoin halving, an event conducted every four years when the incentive for Bitcoin mining (effectively, validating transactions) is reduced by half; the policy is embedded in the currency’s algorithm and designed to mitigate the effects of inflation by maintaining scarcity.

While there is considerable speculation about the impact of this event on valuations, consumers themselves revealed little awareness or concern about the same with 30% claiming to have “no idea” what the halving is; and a further 39% (globally) see it as “irrelevant” to their use of Bitcoin.

 “The inaugural BIT Index demonstrates the global south’s role in shaping the decentralized economy; this is particularly evident in Nigeria where usage, trust and awareness levels outstrip those of other markets surveyed. Equally revealing were the reasons behind Bitcoin’s adoption in markets such as Nigeria, Brazil and, also the UAE, where issues such as cross-border payments, savings protection and mitigation of (traditional) banking charges are predominant. Insights such as these will be crucial in defining the next generation of Bitcoin apps and services in the global south and beyond,” says Jonathan.

With its Bitcoin Layer 2 technology, BeL2, Elastos is building the infrastructure to allow Bitcoin users to transact directly with buyers/sellers on any terms they choose, and without the requirement to share personal data with any third party. Launched in December last year, BeL2 effectively converts Bitcoin into a Layer 2 digital currency, offering Bitcoin holders the potential to denominate smart contracts directly in the currency, reducing transaction fees, and eliminating the need for intermediaries.

* The research was compiled from online interviews conducted with 1,407 self-defined ‘tech savvy’ respondents in Brazil, Germany, Nigeria, South Korea, UAE, UK, and US. The interviews were completed by a third party, registered market research company and completed between 30 March and 04 April ’24.

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.

The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data.

https://elastos.info

https://www.linkedin.com/company/elastosinfo/

Media Contact

Brand: Elastos

Contact: Roger Darashah, Research team

Email: [email protected]

Website: https://elastos.info

SOURCE Elastos

 

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

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Press Release

TG Games: Transforming the Telegram Gaming Landscape with a Revolutionary Tournament Platform

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TG Games, a Web3 mini-game tournament platform built in the TON ecosystem, is excited to announce the launch of its state-of-the-art gaming tournament platform targeting 1 billion Telegram active users. This groundbreaking platform promises to redefine the gaming experience by offering competitive and engaging tournaments within the Telegram ecosystem. Leveraging the robust TON blockchain, TG Games is poised to capture a significant share of the burgeoning gaming market.

Explosive Growth in the TON Ecosystem

The TON ecosystem, a decentralized blockchain platform originally developed by the Telegram team, has experienced exponential growth. With over 50 million active wallets and transaction volumes surpassing $2 billion, TON has established itself as a leading blockchain network. This rapid expansion highlights the platform’s scalability and security, making it an ideal foundation for TG Games’ ambitious plans.

A Perfect Product-Market Fit with Telegram

Telegram’s user-friendly interface, combined with its emphasis on security and privacy, provides the perfect environment for TG Games. With nearly 1 billion monthly active users (MAUs) on Telegram, the integration of TG Games taps into a massive, engaged audience. The seamless integration allows users to participate in gaming tournaments without leaving the app, ensuring an intuitive and convenient experience. The company aims to onboard 100 million users, leveraging Telegram’s vast user base and the growing popularity of mobile gaming.

Rich Gaming Content and Frequent Tournaments

The gaming tournament market is experiencing unprecedented growth. For context, Skillz, a leading mobile gaming platform, reported revenues of $384 million in 2023, showcasing the lucrative potential of this industry. TG Games is well-positioned to capture a significant share of this market by offering unique, engaging tournaments powered by the TON ecosystem.

TG Games offers an impressive library of over 100 game titles, ensuring there is something for every gamer. The platform hosts 8 tournaments per month, providing ample opportunities for players to compete and win rewards. This consistent schedule of tournaments keeps the gaming community engaged and excited. Additionally, the platform will allow users to host their own PvP (player versus player) tournaments, fostering a dynamic and interactive gaming environment.

Strategic Partnerships and Reward Redemption

TG Games has secured partnerships with over 50 top brands, allowing players to redeem rewards from a variety of premium products and services. These partnerships enhance the overall user experience, offering tangible benefits that extend beyond the digital realm.

TG Games is set to enhance its platform with the launch of its own token in Q3 2024. This token will have multiple utilities, allowing players to join tournaments, stake tokens, and earn rewards. The introduction of this token will further incentivize participation and engagement, creating a vibrant and rewarding ecosystem for all users. The staking feature will enable users to earn additional tokens and benefits, fostering long-term commitment to the platform.

A Team of Seasoned Industry Veterans

TG Games boasts a team of seasoned ex-executives from leading gaming and technology companies, including Ubisoft, Hoyoverse, and Ledger. Their collective expertise in game development, blockchain technology, and digital security positions TG Games at the forefront of innovation in the gaming industry. 

Join the Gaming Revolution

The launch of TG Games marks a significant milestone in the evolution of gaming on Telegram. Whether you’re a casual player or a competitive enthusiast, TG Games offers an unparalleled tournament experience powered by the robust TON ecosystem. Join us on this exciting journey and be part of the next big thing in gaming.

For more information and to start participating in tournaments, visit TG Games Website or follow TG Games on X.

About TG Games

TG Games is a Web3 mini-game tournament platform built in the TON ecosystem, targeting 1 billion Telegram active users. By integrating with Telegram and leveraging the TON ecosystem, TG Games provides a secure, transparent, and enjoyable platform for gamers worldwide.

Telegram: https://t.me/TGGames_official

Twitter: https://twitter.com/TGGames_APP

Media Contact

Organization: TG Games

Contact Person: TG Games

Website: https://tg.games/

Email: Send Email

Country: France

Release Id: 18052412277

The post TG Games: Transforming the Telegram Gaming Landscape with a Revolutionary Tournament Platform appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Storefjellstolen and Bainbridge Capital Partners Announce Strategic Collaboration for Phase 2 Development

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Norway, 18th May 2024, King NewsWireStorefjellstolen, a premier mountain cabin community in the Norwegian mountains, is proud to announce a strategic partnership with Bainbridge Capital Partners a leading finance advisory firm, to facilitate the raising of capital for Phase 2 of its development project. This collaboration marks a significant milestone in the evolution of Norway’s luxury and ski-oriented lifestyle community, situated in the heart of the country’s majestic mountainous region. The project is designed by the globally acclaimed architectural firm, Snohetta, known for its innovative projects such as the Oslo Opera House and the National September 11 Memorial Museum Pavilion, Storefjellstolen is set to redefine mountain living with its blend of luxury, nature, and modern amenities.  The architects of the lodges and cabins are the Norwegian company Vårdal Arkitekter AS. Under the visionary guidance of Knut Brusletto, Phase 2 of the project aims to expand on the success of its initial phase, which saw the construction and sale of 24 opulent cabins. The forthcoming phase will introduce an additional 30 cabins and number of apartments, designed to epitomize modern luxury and convenience, featuring a commercial center with a grocery store, restaurant, and essential amenities for an enriched living experience. The community also emphasizes sustainability, with plans for an indoor heated garage and electric car charging stations. Located 1028 meters above sea level, Storefjellstolen offers unparalleled access to ski slopes, cross country skiing tracks, and summer activities such as mountain biking, lake fishing, and trekking. Its strategic location within a two and a half hours’ drive from Oslo and Bergen makes it a prime destination for those seeking the serenity and adventure of Norway’s landscapes. 

 

 

The partnership with Bainbridge Capital Partners underscores Storefjellstolen’s commitment to excellence and sustainable growth. Bainbridge Capital Partners brings a wealth of experience in financial advisory and capital raising, ensuring the successful realization of Phase 2 and further enhancing the community’s status as a pinnacle of mountain community living. Storefjellstolen is not just a place to reside; it’s a destination that marries luxury with nature and convenience. Our collaboration with Bainbridge Capital Partners is a testament to our ambition to set new standards in high-end, sustainable mountain living, stated Knut Brusletto. We are excited to embark on this next phase of development, which promises to further our vision of creating an innovative and culturally respectful addition to Norway’s scenic panorama. 

About Storefjellstolen & About Bainbridge Capital Partners

Storefjellstolen is a Norwegian premier mountain cabin community, offering luxury living in the heart of Norway’s majestic mountains. Designed by Snohetta, the community caters to ski aficionados and nature lovers with its luxury chalets, ski slopes, and outdoor activities.

Bainbridge Capital Partners’ management ethos is driven by a focused vision and agenda centred on client satisfaction and innovation. As a leading multi-approach advisory platform, we believe in steadfast commitment to integrity and innovation, unlocking opportunities for our clients to meet their core objectives. Through our team of seasoned professionals, we have been able to harnesses decades of collective experience, offering bespoke solutions tailored to each client’s unique goals and aspirations. We are fully engaged in executing multiple client mandates ranging from pure advisory, access to private markets to debt across multiple geographies and jurisdictions. At BainBridge, we transcend conventional boundaries, empowering clients to navigate the ever-evolving landscape of finance with confidence and clarity.

For more information about Storefjellstolen and Bainbridge capitals and its Phase 2 development, please visit https://www.storefjellstolen.no/en/home and https://bainbridge-capitalpartners.com

Media Contact

Organization: Storefjellstølen AS

Contact Person: Knut Brusletto

Website: https://www.storefjellstolen.no/en/home

Email: Send Email

Country: Norway

Release Id: 18052412227

The post Storefjellstolen and Bainbridge Capital Partners Announce Strategic Collaboration for Phase 2 Development appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Cloudbrink Secures Cyber Defense Magazine’s 2024 Global Infosecurity Award for Hybrid Work Security

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Cloudbrink, a leading provider of Hybrid Access as a Service (HAaaS), proudly announces its win at the 12th Annual Global Infosec Awards 2024, securing Cyber Defense Magazine’s prestigious Global Infosecurity Award for Hybrid Work Security. This recognition reaffirms Cloudbrink’s commitment to delivering best-in-class cybersecurity solutions for the modern hybrid work landscape.

San Francisco, CA, May 17, 2024 – Cloudbrink, a leading provider of Hybrid Access as a Service (HAaaS), proudly announces its win at the 12th Annual Global Infosec Awards 2024, securing Cyber Defense Magazine’s prestigious Global Infosecurity Award for Hybrid Work Security. This recognition reaffirms Cloudbrink’s commitment to delivering best-in-class cybersecurity solutions for the modern hybrid work landscape. 

Cloudbrink Secures Cyber Defense Magazine's 2024 Global Infosecurity Award for Hybrid Work Security

Cyber Defense Magazine, the industry’s leading electronic information security magazine evaluated over 3500 companies for their 2024 Global InfoSec Awards. Cloudbrink emerged among the top 10%, recognized for its innovative approach to cybersecurity and focus on mitigating future security threats.

“These winners are the most innovative, forward-thinking, and proactive cyber security companies and service providers on the planet who are working to bring tomorrow’s cybersecurity solutions to market, today,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.

The Cyber Defense Magazine’s Global Infosecurity Awards recognize innovative startups, established businesses, and public companies based on the unique and compelling value proposition for executives, products, or services in the cyber defense space. 

Cloudbrink’s CEO, Prakash Mana, and VP of Marketing, Graham Melville, were honored to accept the award on behalf of the entire team. Their visionary leadership has been instrumental in driving Cloudbrink’s mission to empower organizations with robust hybrid work security.

“We’re honored to receive the Global Infosecurity Award from Cyber Defense Magazine. It validates Cloudbrink’s commitment to excellence and innovation in securing hybrid work environments. This award reflects our team’s hard work and our customers’ trust in us to protect their assets, reinforcing our mission to lead in cybersecurity for a dynamic work landscape. We’re excited to continue advancing secure, high-performance connectivity solutions for organizations worldwide”, said Prakash Mana and Graham Melville.

Cloudbrink specializes in providing customized connectivity solutions designed to optimize your business’s flexibility. Our services offer enhanced security, superior performance, and cost-effectiveness, while also streamlining management processes and facilitating the prompt implementation of solutions.

About Cloudbrink

Cloudbrink brings high-performance connectivity to the modern hybrid workforce anywhere in the world. The company uses AI and ML to provide edge-native Hybrid Access as a Service (HAaaS). HAaaS delivers accelerated performance for cloud, SaaS, and data center applications.

Cloudbrink’s software-only solution includes the world’s first personal SD-WAN with high-performance zero-trust access (ZTA) and Automated Moving Target Defense (AMTD) security. With the ability to use thousands of dynamic PoPs called FAST edges, Cloudbrink provides an in-office experience with a 30x increase in application performance and reduced operational complexity for network, security, and IT administrators.

Based in Sunnyvale, California, the Cloudbrink team has decades of combined expertise in last-mile network connectivity, security, and distributed systems.

www.cloudbrink.com

Media Contact

Organization: Zonic Group International

Contact Person: Julian Patterson

Website: https://www.zonicgroup.com/

Email: Send Email

Country: United States

Release Id: 18052412244

The post Cloudbrink Secures Cyber Defense Magazine’s 2024 Global Infosecurity Award for Hybrid Work Security appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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