Press Release
GST Payment Public-chain: “Specific Medicine” for Economic Crisis under the Epidemic
The history of mankind is a history of fighting against the epidemic and a history of scientific and technological development. The COVID-19 epidemic had swept the globe in 2020, causing global economic hardship and countless people fought against the epidemic. However, the Blockchain technology greatly played the role of on-chain efficiency (namely its characteristics, such as openness and transparency, promptness and efficiency, and convenient interaction) during the epidemic. The innovation based on Blockchain and digital asset is still comprehensively carried out, and plays a very important role especially in such fields as intelligent digital management of the epidemic, cross-border payment and supply chain financial service.
Now, the Blockchain technology is increasingly being used in the emerging market and one of the primary causes is the availability of liquidity. Furthermore, there is a strict public health target and quarantine guideline now and people can realize necessary contactless experience via digital asset. It can be predicted that this new COVID-19 epidemic has caused many payment service providers to rethink their business and operating models.
The digital asset is increasingly being recognized to be able to provide the convenience for payment, especially when it is combined with Blockchain technology. Although the epidemic still continues globally, the industry innovators have achieved remarkable growth in terms of extensible Blockchain payment solution. With Blockchain as the carrier, GST builds a new payment public Blockchain ecology, and enhances the payment speed and realizes high reliability, improves data transparency and accomplishes the reduction of long-term operating costs by the technical advantages of the Blockchain (such as distributed storage, openness, transparency and data traceability).
The cross-border payment is a good example. The real-time settlement of cross-border payment is deemed as a business requirement by many people and required by the consumers and enterprises. The GST Blockchain payment solution deeply has solved the problem relating to the cross-border payment and improved the portability and security of currency. GST can carry out payment and settlement in the premise of avoiding various central controls, is born with transnational nature, free from any geographical restriction and anonymous and tamper-proof, and can transfer the fund all over the world within several minutes.
Now, GST is carrying out GSTswap project. GSTswap is a completely decentralized digital currency exchange platform developed based on GST bottom layer. The functions of GSTswap (such as exchange, market-making capital pool and creation of trading pair) are realized by the smart contract. Each transaction is conducted by the wallet account with contract signature verification implemented, thus the record about each transaction can be found on the Blockchain; The market making is free without amount threshold limit. Everyone can participate in it and benefit from it.
Moreover, GST deems that when the financial crisis is incurred by the current epidemic, the DeFi on the Blockchain suddenly rises due to its special properties and functions and will help more people to deal with and even get rid of the crisis influence and become the “specific medicine” for overcoming the crisis, (such as avoiding risk of dollars entering the centralized stablecoins and potential financial needs vigorously promoting the DeFi lending).
There are many folk requirements of avoiding risk from buying dollars with other currencies via specialized channels and converting them into various dollar stablecoins. Because the stablecoin stock continuously increases, lots of idle centralized dollar stablecoins are with huge financial needs. Most of such stablecoins are ERC20 tokens issued via Ethereum (such as USDT and USDC) which is applicable to lending for bearing interest and transaction directly in the current DeFi agreement. As various stablecoin holders realize the liquidity and safety advantages of DEFI’s lending, there will be a large number of centralized stablecoins entering the DeFi lending and financing for bearing interest in the future.
GST also thinks that the DeFi payment and transaction will become the green channels of capital control country. Although the capital control is the requirement of protecting financial stability, it has seriously affected the normal trading and investment needs of enterprises and individuals actually, especially in some countries with relatively backward financial infrastructure, such as Egypt and Vietnam. The capital control will cause the citizens have no access to international financial infrastructure. The country’s financial infrastructure is inadequate, and even the country fails to provide the reliable basic financial services, such as cross-border transfer and transaction of financial assets. The GST DeFi payment is characterized by no border and resistance to review, as a result, the users in the controlled countries can carry out cross-border and domestic payment and transaction, and even invest DeFi synthetic assets to participate in international financial markets.
After each big crisis, some old industrial ecologies will be destroyed and the new formats will appear from the ruins. As the financial infrastructure established on the next-generation Internet, the Blockchain is believed to officially become the mainstream and provide the really inclusive, safe, reliable and reasonable financial services for the whole world after the unprecedented global epidemic+ economic crisis.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Cryptorefills launches x402 payments for AI agents, publishes agentic commerce reference
USDC payments on Base for AI agents at checkout, alongside open-source documentation of how merchants run agent-driven commerce.
Amsterdam, May 11th 2026, ZEX PR WIRE, 15:00 CEST. Cryptorefills has enabled x402 payments at checkout, allowing AI agents to pay for gift cards, mobile top-ups and eSIMs using USDC on the Base network. The protocol, developed by Coinbase and Cloudflare, lets autonomous software settle stablecoin transactions programmatically. Cryptorefills has also published an open-source operations reference for the merchant operations layer of agentic commerce.
x402 lets a software agent receive an HTTP 402 Payment Required response from a merchant, settle the requested amount in stablecoin, and complete the transaction in a single automated exchange. For Cryptorefills, checkout becomes a programmable endpoint that agents can call directly.
The x402 launch adds a second agent-payment rail to the platform. Cryptorefills released its Model Context Protocol server in October 2025, allowing agents to discover products, build orders, and complete purchases through MCP. x402 addresses a different pattern: the agent calls a Cryptorefills endpoint, receives payment terms, settles in USDC, and completes the request in one round trip. The two rails serve different agent contexts and run in parallel.
“We shipped x402 and open-sourced our merchant operations work in the same week on purpose. One is a payment rail, while the other is what a merchant needs around it to accept agent traffic. Agentic commerce is happening, and very little about the second part has been written down,” said Massimiliano Silenzi, CEO of Cryptorefills. “We’ve been running stablecoin checkout since 2018, and a lot of what we learned there carries over. We chose to publish what we’ve learned and continue building the rest openly.”
The reference repository, available at github.com/Cryptorefills/agentic-commerce, covers the operations surface that surrounds the protocol stack. Topics include catalogue discovery for agent buyers, settlement reconciliation across chains, quote-and-pricing handling, and delivery confirmations. Documentation is released under CC0; example code is Apache 2.0.
“In the repository we just open-sourced there are nine playbooks, the TypeScript schemas behind them, and five runnable examples. Two of them connect to our live MCP and x402 endpoints, so a developer can clone the repository and watch the agent-merchant exchange execute against production,” said Simonluca Landi, CTO of Cryptorefills.
Cryptorefills serves AI agents through three of the field’s emerging standards: MCP for context, Agent Skills for capability publishing, and x402 for stablecoin settlement.
About Cryptorefills
Cryptorefills enables people in over 180 countries to spend cryptocurrency on everyday products and services. Categories include gift cards from over 6,600 brands, mobile top-ups across 600 operators, eSIMs, flights across 300 airlines, and stays at over 1 million hotels and properties. The platform supports stablecoin checkout across Base, Ethereum, Tron, Solana, Polygon, and other major networks, alongside Bitcoin and Lightning. It is among the first ecommerce companies to integrate AI-agent payment standards including MCP, Agent Skills, and x402.
Operating publicly since 2018 and headquartered in Amsterdam, Cryptorefills is a member of the Holland Fintech Association and Blockchain Netherlands Foundation.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Collaboration to focus on cost-effective capture and mineralization of biogenic CO₂ in Europe
Korea South, 11th May 2026, – SEOUL, South Korea & KORTRIJK, Belgium – South Korea’s ICEnergy and Belgium-based Emicap have partnered to deploy cryogenic carbon capture systems targeting biogenic CO₂ in Europe. The partnership combines ICEnergy’s proprietary capture technology with Emicap’s cryogenic R&D and market access, supported by Emicap’s sister company, LM Engineering, which provides industrial engineering and execution capabilities.
Dr. Sungho Park(icenergy0805@gmail.com), CEO of ICEnergy, stated that he hopes this partnership will enable ICEnergy and Emicap to take a further step toward realizing carbon neutrality in the European market. The collaboration comes at a pivotal moment following the successful demonstration of ICEnergy’s technology. Amid a rapidly expanding European market for biogenic CO₂ solutions, early deployment is critical to secure access to high-quality feedstocks and permanent storage pathways.
ICEnergy recently demonstrated a 10 ton/day cryogenic carbon capture system for both onshore and marine applications. The system converts flue gas CO2 directly into dry ice, avoiding the need for conventional separation and liquefaction steps. A key feature of the electrically driven process is the internal recovery and reuse of cold energy. By recycling this energy, external demand is reduced and consumption is focused on CO₂ conversion, resulting in approximately 30% lower energy use compared to conventional systems, supporting a low lifecycle carbon footprint.
Emicap integrates cryogenic CO2 capture with downstream applications by coupling emission sources from Waste-to-Energy and biomass plants to the carbonation of alkaline industrial residues such as steel slags and fly ash. To ensure seamless site-specific deployment, Emicap applies its cryogenic R&D expertise to tailor ICEnergy’s capture systems for these European industrial plants. This integration enables the permanent storage of CO2 while upgrading captured emissions and industrial residues into supplementary cementitious materials for use in low-carbon construction. By operating across the full value chain, Emicap helps offset capture costs, reducing reliance on institutional subsidies.
The partners are targeting removal of up to 200 kilotons of CO₂ annually by 2035, positioning the collaboration to contribute to industrial-scale, net-negative emissions.
Media Contact
Organization: ICEnergy Co.,
Contact
Person: Sungho Park
Website:
https://www.icenergy.co.kr/
Email:
icenergy0805@gmail.com
Contact Number: 82313307852
Country:Korea South
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Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments appeared first on
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It is provided by a third-party content
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Collaboration to focus on cost-effective capture and mineralization of biogenic CO₂ in Europe
Korea South, 11th May 2026, – SEOUL, South Korea & KORTRIJK, Belgium – South Korea’s ICEnergy and Belgium-based Emicap have partnered to deploy cryogenic carbon capture systems targeting biogenic CO₂ in Europe. The partnership combines ICEnergy’s proprietary capture technology with Emicap’s cryogenic R&D and market access, supported by Emicap’s sister company, LM Engineering, which provides industrial engineering and execution capabilities.
Dr. Sungho Park(icenergy0805@gmail.com), CEO of ICEnergy, stated that he hopes this partnership will enable ICEnergy and Emicap to take a further step toward realizing carbon neutrality in the European market. The collaboration comes at a pivotal moment following the successful demonstration of ICEnergy’s technology. Amid a rapidly expanding European market for biogenic CO₂ solutions, early deployment is critical to secure access to high-quality feedstocks and permanent storage pathways.
ICEnergy recently demonstrated a 10 ton/day cryogenic carbon capture system for both onshore and marine applications. The system converts flue gas CO2 directly into dry ice, avoiding the need for conventional separation and liquefaction steps. A key feature of the electrically driven process is the internal recovery and reuse of cold energy. By recycling this energy, external demand is reduced and consumption is focused on CO₂ conversion, resulting in approximately 30% lower energy use compared to conventional systems, supporting a low lifecycle carbon footprint.
Emicap integrates cryogenic CO2 capture with downstream applications by coupling emission sources from Waste-to-Energy and biomass plants to the carbonation of alkaline industrial residues such as steel slags and fly ash. To ensure seamless site-specific deployment, Emicap applies its cryogenic R&D expertise to tailor ICEnergy’s capture systems for these European industrial plants. This integration enables the permanent storage of CO2 while upgrading captured emissions and industrial residues into supplementary cementitious materials for use in low-carbon construction. By operating across the full value chain, Emicap helps offset capture costs, reducing reliance on institutional subsidies.
The partners are targeting removal of up to 200 kilotons of CO₂ annually by 2035, positioning the collaboration to contribute to industrial-scale, net-negative emissions.
Media Contact
Organization: ICEnergy Co.,
Contact
Person: Sungho Park
Website:
https://www.icenergy.co.kr/
Email:
icenergy0805@gmail.com
Contact Number: 82313307852
Country:Korea South
The post
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Cryptorefills launches x402 payments for AI agents, publishes agentic commerce reference
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments
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