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Press Release

MetaPay-Open the Era of Meta Payment

Published

5 years ago

on

Since the birth of mankind, we seem to have never experienced lasting peace and prosperity. We have tried our best to build one civilization after another, but because of lack of trust and coordination, it always disappeared immediately. In the evolution of the universe, humans have walked for millions of years, but even though they have faced countless difficulties together, they still cannot understand each other in the end.

Just when we were about to lose confidence, the emergence of blockchain relighted our hopes. The greatness of decentralized consensus is that code is more reliable than human nature, and “Code is Law” can last the development of civilization. Decentralization allows independent thoughts to shine like stars, and at the same time allows trillions of individuals to reach a commendable consensus on the identification of rules and trends, and enable the collaboration between humans to reach an unprecedented height and breadth.

In the collaboration between many humans, MetaPay shines with the brightest light, guiding us towards eternity.

Why is MetaPay followed by the public?

We know that the existing global payment system relies on the establishment of various centralized governments, central banks and some third-party payment institutions. There seems to be no problem with the existing payment system, it has very fatal flaws.

Firstly, the fully centralized governance system makes the system very easy to be attacked by hackers, and once it is attacked, it will cause catastrophic consequences. Secondly, the high transfer fees and management fees have seriously harmed the interests of users. Thirdly, when it comes to cross-border transfers and payments, the speed and efficiency will be greatly reduced, which is not conducive to the development of commercial trade.

Based on these market pain points, the founding team of MetaPay put forward the idea of ​​meta-financial payment.

Meta Finance, derived from Metaverse, is committed to the construction of virtual and real payment infrastructure，is a safe and efficient Meta financial payment ecosystem based on the Ethereum Layer 2 expansion protocol developed by genius blockchain technology geeks. The main direction is cross-chain payment and ecological construction of virtual assets, including decentralized payment , pledge, liquidity mining, NFT aggregator, etc.

The reason why MetaPay can carry the efficient and complicated payment requirements is because of its strong cryptographic algorithm. It uses the discrete logarithm encryption and elliptic curve encryption which are commonly used in modern public key crypto systems. At the same time, it uses the non-interactive zk-SNARKs zero-knowledge proof system to completely address the issue of transactions being traced to expose user privacy.

MetaPay adopts the Layer 2 technology based on Ethereum, and achieves a flash payment experience comparable to Internet products through expansion of the off-chain channel. In addition to the extremely fast payment experience, there is no handling fee in the off-chain channel, which effectively solves the problems of slow speed and high gas fee of the Ethereum.

It is mainly achieved through the following three aspects：

Two-way payment channel

Two participants create a ledger entry on the blockchain, which requires the two participants to sign any fund expenditures. Both parties create transactions that return ledger entries to their respective allocations, but do not broadcast them to the blockchain. They can update the personal distribution of ledger entries by creating many transaction expenditures from the current ledger entry output. Only the latest version is valid, which is enforced by smart contract scripts that can be analyzed by the blockchain. By broadcasting the latest version to the blockchain, any party can close the entry at any time without any trust or custody.

Lightning Network

By creating a network of two-party ledger entries, you can find a path across the network, similar to routing data packets on the Internet. The nodes on the path are not trusted because the payment is executed through a script that enforces atomicity (the entire payment succeeds or fails) by decrementing the time lock. In order to expand Lightning Network in Layer 2, MetaPay incorporates two basic protocols, RSMC (Revocable Sequential Maturity Contract) and HTLC (Hash Clocked Contract) in the transaction verification process of the underlying protocol which is to build the Fund pool on Layer 2 and the establishment  of payment channels.

The Lightning Network on Layer 2 has many advantages. The first is instant determinism. As long as the signatures of all parties pass the status update, the status will be “confirmed” without waiting for block confirmation on the blockchain; Secondly, The status update is off-chain, and peer-to-peer communication can guarantee privacy. Only the final status will be submitted to the blockchain. Finally, there is a low gas fee. The Lightning Network only needs to settle and clear the fees on the blockchain when the channel is opened and closed. At other times, no matter how the two parties update in the channel, the transaction is free.

Blockchain arbitration mechanism

It is possible to conduct transactions outside the blockchain without restrictions. It is also possible to conduct off-chain transactions with the confidence that it is executable on the blockchain. This is similar to the way one person enters into many legal contracts with others, but there is no arbitration every time a contract is signed. By making transactions and scripts parseable, smart contracts can be executed on the blockchain. Only in the case of non-cooperation, arbitration will be intervened. But for blockchain, the result is certain.

There is no doubt that the technical team of MetaPay understands the pain points of the current market very well. Through the above three points, MetaPay can completely break the congestion of existing Ethereum network transactions and achieve the best transaction speed in the entire network.

The MetaPay system with advantages such as instant payment, high scalability, low cost and cross-chain will help mankind get rid of the shackles of the existing payment system and realize the ultimate dream of payment freedom.

If you think MetaPay’s planning stops at payment, then you are wrong. After completes the payment infrastructure, it will use Meta NFT as the starting point to fully deploy the metaverse ecology.

Let’s first look at the layout of Meta NFT. It aims to build the world’s largest NFT asset and financial derivatives trading platform with the richest ecology and the strongest technical strength.

Therefore, Meta  NFT is integrating more than 100 animation IP and 1,000 global artists and collecting more than 5,000 contemporary artworks as a reserve. Users will be free to trade NFT assets including artwork and real estate in Meta NFT.

In addition to NFT asset trading, Meta NFT allows users to mint their custom NFT assets.

Users can directly create NFTs in Meta NFT Layer 2, and the changes in the state of the world in the system are similar to recharging NFTs. Web, Mobile App and API-based user interfaces to the Mint smart contract will be developed to make asset creation and management a simple process. The following parameters define a new custom asset:

Currently, MetaPay has completed the construction of the development team, the internal structure of the functional prototype, and is focusing on the development of the first version of MetaPay. Although the development work is still in progress, MetaPay has completed the internal angel round of fundraising and is in the process of private sales. At present, it has received preliminary investment intentions from global leading institutions such as CMS, AU21, DFG, NGC, Rarestone, LinkPad, etc.

As of press time, the MetaPay team is still intensively developing. It is believed that users will be able to directly use MetaPay and NFT asset trading shortly. We are very much to see it soon.

If you want to know lates news about MetaPay, please check following links:

MetaPay Twitter：https://twitter.com/Metapay1/

MetaPay Telegram：https://t.me/metapaygroup

About Author

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

3 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

4 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

4 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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