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GST Payment Public-chain: “Specific Medicine” for Economic Crisis under the Epidemic

Published

5 years ago

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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.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

TaxTec Development Head Raises Red Flag Framework for AI Deployment in Highly Regulated Fintech

Published

6 hours ago

on

July 21, 2026

By

London, United Kingdom, July 21st, 2026, FinanceWire

Austen Little, Head of Product Development at withholding tax reclamation experts TaxTec, has released a summary guidance note on the deployment of AI in highly regulated financial services applications.

The guidance draws on TaxTec’s historical and recent product and service development experience to highlight several areas of risk when using or implementing artificial intelligence in capital markets financial services. Mr Little’s guidance note builds on advice from authorities such as the OECD [1], The World Economic Forum [2] and the International Monetary Fund [3], amongst others, urging caution over the risks of machine learning in financial services processes and decision making.

Mr Little highlights the fact that many financial markets processes, many of which are in the throes of regulatory digitalization, still present challenges for effective AI deployment, including:

  • Data quality issues – especially where processes are international and span multiple legislatures
  • The rate of digital evolution of the sector and changing regulatory regimes
  • The requirements for ‘explainability’ of client decisions (risk, approvals, entitlements)
  • The nature and scale of ‘harms’ possibly resulting from AI agent mistakes, and their likely impact on financial institutions
  • The AI-generated tension between financial services risk appetite and client service standards/reputation
  • Data governance and privacy considerations in data-hungry AI-driven world

Striking a balanced argument, however, Mr Little’s guidance note also highlights where the power and efficiency of AI can be safely deployed and generate substantial value. He points out specific examples from the world of withholding tax reclamation in order to give precise examples that readers can recognize and which are drawn from TaxTec’s real life experience. These include:

  • Document management
  • Data extraction
  • Data quality enhancement
  • Research assistance
  • Workflow management
  • Status monitoring
  • Analytics & forecasting

Readers wishing to download their copy of the TaxTec guidance note on AI in capital markets financial services should visit: https://taxtec.com/news/artificial-intelligence-fintech-development/.

About TaxTec

Founded in 2023, TaxTec is revolutionizing tax recovery for institutional investors and their agents. Utilizing the latest AI-enabled digital technology, their highly automated global tax recovery proposition and client-centric service model maximize reclaim opportunities for their clients across all major markets. TaxTec clients recover more tax at a lower cost, enhancing their investment returns.

1. OECD, Supervision of artificial intelligence in finance: Challenges, policies and practices, 27 January 2026 https://www.oecd.org/en/publications/supervision-of-artificial-intelligence-in-finance_92743dc1-en.html

2. World Economic Forum, The AI Playbook for Financial Services: Insight Report, June 2026 https://reports.weforum.org/docs/WEF_The_AI_Playbook_for_Financial_Services_2026.pdf

3. IMF eLibrary, Regulatory Considerations Regarding Accelerated Use of AI in Securities Markets, 24 December 2025 https://www.elibrary.imf.org/view/journals/005/2025/016/article-A001-en.xml

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Sarah Nurgat
ThoughtSpark Ltd
sarah@thoughtsparkagency.com

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Press Release

Maple’s syrupUSD tokens arrive on 1inch, widening access to on-chain institutional lending

Published

7 hours ago

on

July 21, 2026

By

Dubai, UAE, July 21st, 2026, FinanceWire

  • 1inch now supports Maple’s syrupUSDC and syrupUSDT, giving users and builders another route into tokenized lending positions 
  • At launch, 1inch supports syrupUSDC and syrupUSDT on Ethereum, with more chain integrations coming in the future
  • 1inch provides routing and swap infrastructure only; minting, redeeming and lending stay with Maple

1inch, a leading DeFi ecosystem, today announced its integration of Maple’s syrupUSDC and syrupUSDT, two tokens tied to onchain institutional lending. As a routing and swap layer for the tokens, 1inch makes them tradable across its dApp and Swap API.

Maple is an onchain digital asset manager that connects institutional borrowers with lenders. Borrowers take stablecoin loans against overcollateralized crypto, while lenders supply USDC or USDT and receive syrupUSDC or syrupUSDT, tokens that represent their position in Maple’s lending system. Those tokens currently see around $8.5 billion in monthly transfer volume, highlighting the demand for infrastructure capable of supporting RWA markets at scale.

At launch, 1inch supports syrupUSDC and syrupUSDT on Ethereum, with more chain integrations coming in the future. On 1inch.com, users can access the tokens through Swap, Trade or Terminal. Through the 1inch Swap API, builders and institutional teams can integrate Maple swaps directly. Minting, redeeming and lending remain with Maple, while 1inch provides the routing and swap infrastructure.

RWA token liquidity can be fragmented across venues, chains and pools. 1inch routing facilitates efficient access to available liquidity and supports intent-based execution. For users moving between stablecoins and syrup tokens, this means less manual route hunting and a simpler path to execution.

“Tokenized private credit is one of the clearest signs that real-world assets are moving onchain for good, and syrupUSDC and syrupUSDT are among the most active tokens in that category,” said Sergej Kunz, co-founder of 1inch. “Our role is to remove the friction when swapping assets and enable users to move them freely. That’s the infrastructure 1inch has spent years building.”

“Our focus at Maple is building institutional-grade lending that performs onchain, but access is what turns that into adoption,” said Sid Powell, co-founder and CEO of Maple. “Working with 1inch gives users and builders a direct, efficient route into syrupUSDC and syrupUSDT on Ethereum. We manage the credit and deployment strategies; 1inch makes the tokens effortless to trade.”

Users can access on 1inch and explore Maple tokens across supported networks.

This content is for general information purposes only and does not constitute financial, investment, tax, or legal advice and is not a recommendation to buy or sell any particular digital asset or to employ any specific investment strategy.

Not available in the US and other restricted jurisdictions.

About 1inch

1inch accelerates decentralized finance with a seamless crypto trading experience for 27M users. Beyond being the top platform for low-cost, efficient token swaps with $100M+ in daily trades, 1inch offers a range of innovative tools, including a secure self-custodial wallet, a portfolio tracker for managing digital assets, a dedicated business portal giving access to its cutting-edge technology, and even a debit card for easy crypto spending. By continuously innovating, 1inch is simplifying DeFi for everyone. 

Website | 1inch Business | 1inch Network | Follow on X | Explore Blog

About Maple

Maple, founded in 2019, is one of the largest onchain institutional asset management platforms with decades of traditional finance and crypto experience. Maple combines capital markets expertise with DeFi innovation to power a suite of offerings, including secured lending and structured products. As a leader in decentralized finance and institutional crypto markets, Maple has built a global asset management ecosystem focused on innovation and accessibility. Maple is pioneering the future of onchain asset management. For more information, visit maple.finance.

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Head of PR
Dominic Cox
1inch
d.cox@1inch.com

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Press Release

Nanjing Luma Machinery Launches Upgraded High-Torque Dual-Shaft Shredder Line Worldwide

Published

8 hours ago

on

July 21, 2026

By

Custom shredding machines for tire, metal & plastic recycling, proven cost-cutting 25% at Sao Paulo Brazil waste tire recycling plant

Nanjing, China, 21st Jul 2026 – Nanjing Luma Machinery Equipment Co., Ltd., an established industrial shredder manufacturer founded in 2015, today announced the global launch of its upgraded full line of industrial shredding solutions, led by its heavy-duty dual-shaft shredder series.

The upgraded product line integrates wear-resistant interchangeable alloy blades, low-speed high-torque dual-shaft drive systems and automated hydraulic spiral feeding controls, directly solving global recyclers’ top pain points: low throughput, frequent blade replacement and frequent jamming downtime across tire recycling, scrap metal processing, plastic reclamation, construction waste and agricultural residue treatment. The flagship tire shredder model stably handles 10+ tons of whole truck, OTR and passenger tires daily, with customizable output tonnage from 3 tons to 20 tons based on client factory demands.

The series has already been successfully deployed in a waste tire recycling project in Sao Paulo, Brazil, boosting the client’s processing capacity by 40 percent. With this launch, the company seeks to expand its presence across South America, Southeast Asia and other global markets. All products are available for global ordering effective immediately.

Core Technical Features

The upgraded shredder line incorporates four key design upgrades, refined based on 11 years of industrial equipment manufacturing experience:

High-torque dual-shaft shredding technology

The low-speed, high-torque dual-shaft structure crushes intact steel-belted tires, heavy scrap metal and rigid construction debris in one pass, eliminating secondary pre-cutting procedures and cutting extra labor costs for recycling factories.

Replaceable high-wear alloy blades

Alloy blades undergo cryogenic heat treatment, boosting wear resistance by 65% and extending service cycles by over 2 times compared with standard blades. Quick disassembly design shortens blade replacement downtime by 70%, compatible with tire, metal, plastic, wood and construction waste shredder equipment.

Spiral feed and hydraulic control system

The integrated spiral feed structure and hydraulic system improve feeding efficiency and reduce material jamming risks, supporting stable continuous operation for heavy-duty shredder units.

High-precision shaft and heavy-duty chassis 

Precision-machined cutter shafts and fully welded steel chassis ensure equipment stability under high-load conditions, extending overall machine service life.

Field-Proven Performance in Brazil Project

The heavy-duty dual-shaft tire shredder was deployed at a waste tire recycling facility in Sao Paulo, Brazil, for a client processing passenger, truck and construction machinery tires.

After installation, the client’s daily tire processing volume increased by roughly 40 percent, while overall operating costs dropped by 25 percent. The equipment has run without major malfunctions during continuous operation, and its uniform shredding output improves efficiency of downstream steel wire separation and rubber granule production.

Product Portfolio and Customization Services

Luma offers a full range of industrial shredder models, including metal shredders, plastic shredders, rubber shredders, construction waste shredders, wood shredders, small shredders and spiral shredders, plus matching shredder blades, chassis and cutter shaft components.
Beyond standard models, the company provides tailored shredding solutions based on client material properties, required output capacity and site layout. Services cover full system design, equipment assembly, remote installation guidance and operator training.

Global Compliance Standards

All Nanjing Luma shredder equipment is manufactured under ISO 9001:2015 full quality control system and carries complete CE certification per EU Machinery Directive 2006/42/EC for global EU market access. All electrical, hydraulic and mechanical safety structures comply with Brazil NR-12 industrial machinery safety standards, Indonesia SNI, Thailand TISI and other mainstream regional certification norms for South American & Southeast Asian recycling markets. Full certification documents, safety operation manuals and conformity declarations are delivered with every machine shipment.

“The global launch of our upgraded dual-shaft shredder line reflects our focus on delivering reliable, cost-effective waste processing solutions to clients worldwide,” said Jiangshui Tao, general manager of Nanjing Luma Machinery Equipment Co., Ltd.“We aim to support more businesses in improving recycling efficiency and advancing circular economy goals, while expanding our global service footprint.”

“Our R&D team optimized every core component based on real-world project feedback, from blade material to control system logic,” said Heping Xia , technical director at Nanjing Luma Machinery Equipment Co., Ltd.“These upgrades directly address the most common pain points our clients report: jamming, fast blade wear and unstable long-term operation.”

Industry Context

According to Grand View Research, the global industrial waste recycling equipment market is projected to reach $12.8 billion by 2030, driven by tightening national waste disposal regulations, bans on illegal waste tire stockpiling, and surging demand for reclaimed rubber, scrap steel and recycled plastic materials across manufacturing and construction sectors.

In South America, Brazil introduced strict national waste tire management laws in 2023, mandating full centralized recycling of end-of-life truck and construction tires and imposing heavy fines for illegal landfilling. The policy pushes local recyclers to upgrade high-efficiency shredding systems, creating strong sustained demand for heavy-duty tire shredders. Meanwhile, Southeast Asian countries including Vietnam, Indonesia and Thailand are accelerating waste recycling infrastructure construction, leading to year-on-year growth in orders for industrial shredding machinery.

Future Plans

Looking ahead, Luma will continue investing in R&D for industrial shredding technology, expanding its product range to cover more niche material processing needs.

The company also plans to build localized spare parts warehouses and sign regional authorized service partners across Brazil, Vietnam and Indonesia within the next two years, to deliver faster after-sales service, on-site machinery maintenance and real-time local-language technical guidance for global recycling clients. Nanjing Luma will also attend major regional waste recycling expos including Brazil FEIRA RECICLAGEM each year to provide on-site equipment demonstration and customized solution consultation for Latin American recyclers.

Media and Business Inquiries

Global tire, metal and plastic recycling factory owners looking for high-efficiency shredding equipment for South America or Southeast Asian production lines can contact Luma’s dedicated overseas sales team directly via WhatsApp to receive free customized capacity design drawings, equipment quotation and Brazil local compliance solution documents.

About Nanjing Luma Machinery Equipment Co., Ltd.

Nanjing Luma Machinery Equipment Co., Ltd. was founded in 2015, with its production base located in Mingjue Industrial Park, Lishui District, Nanjing, China. The company specializes in manufacturing industrial shredders and waste recycling equipment.

Its 3,000-square-meter factory has two production lines covering assembly, welding and quality inspection, with an additional 1,000-square-meter warehouse for finished products and spare parts. The company serves more than 1,000 clients across China, Brazil, Vietnam, Indonesia and Thailand.
Luma’s core mission is to provide efficient, reliable and safe shredder equipment that helps clients boost production efficiency, reduce labor costs and support sustainable waste recycling.

Media Contact

Organization: Nanjing Luma Machinery Equipment Co., Ltd.

Contact Person: Yang Jianghao

Website: http://www.njlmshredder.com/

Email: Send Email

Contact Number: +8618655514968

City: Nanjing

Country:China

Release id:47331

The post Nanjing Luma Machinery Launches Upgraded High-Torque Dual-Shaft Shredder Line Worldwide appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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