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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

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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

Facility Network CEO Honoured with 2026 Connex Foundation Distinguished Charitable Service Award

Published

2 hours ago

on

June 3, 2026

By

Canada, 3rd Jun 2026 – Facility Network is proud to announce that its Chief Executive Officer, Cindy Collette, has been recognized as a recipient of the 2026 Connex Foundation Distinguished Charitable Service Award. 

Presented by the Connex Foundation, the Distinguished Charitable Service Award recognizes individuals who demonstrate exceptional dedication to charitable initiatives, community involvement, and service leadership. Cindy’s selection reflects her longstanding commitment to making a meaningful difference in the communities where Facility Network operates. 

Throughout her career, Cindy has championed a culture of service, encouraging both personal and corporate involvement in charitable causes. Her leadership has helped foster a strong sense of community responsibility across Facility Network, inspiring employees, partners, and stakeholders to contribute their time, resources, and expertise to support those in need. 

“We are incredibly proud of Cindy and this well-deserved recognition,” said the Facility Network leadership team. “Her unwavering commitment to service, leadership, and community impact exemplifies the values that define our organization. Cindy leads with both heart and purpose, and we are honoured to work alongside her every day.” 

As a national provider of facility maintenance, repair, and project services, Facility Network believes that strong businesses have a responsibility to strengthen the communities they serve. Cindy’s leadership continues to reinforce that commitment through meaningful charitable engagement and community-focused initiatives. 

The award is particularly significant as part of the Connex Foundation’s 10th anniversary celebration, recognizing individuals whose contributions have created lasting positive impacts within their communities and the industries they serve. 

Facility Network extends its sincere congratulations to Cindy on this outstanding achievement and thanks her for the leadership, compassion, and dedication she brings to the organization every day. 

About Facility Network 

Facility Network is Canada’s hybrid facility service network, delivering maintenance, repair, and project services through a combination of self-performing technicians and trusted vendor partners. Serving multi-site organizations across Canada, Facility Network provides responsive, scalable solutions that help clients maintain and enhance their facilities nationwide. 

Media Contact: 
Ryan McLaughlin 
Facility Network 
info@facilitynetwork.com 
Canada’s Hybrid Facility Service Network 

Media Contact

Organization: Facility Network

Contact Person: Ryan McLaughlin

Website: https://www.facilitynetwork.com/

Email: Send Email

Country:Canada

Release id:45663

The post Facility Network CEO Honoured with 2026 Connex Foundation Distinguished Charitable Service Award 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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Press Release

Global Appliance Market Evolves as IAIE Expands Smart Pressure Cooker Solutions

Published

3 hours ago

on

June 3, 2026

By

China, 3rd Jun 2026 – Kitchen appliances are evolving. High demand for rapid cooking appliances is met with a huge gap for multi-function appliances that cater to desert, vegan, gluten-free needs. This is particularly true for novice vegan and gluten-free consumers and businesses. Meanwhile, commercial bulk buyers deal with quality and safety inconsistencies.

IAIE, a premium manufacturing partner for smart pressure cookers, today announced its strategic response to these market pains. With over 50 plastic injection machines and more than 500 appliance molds, IAIE is redefining what buyers expect from a Commercial Pressure Cooker, a Pressure Cooker for Beginners, and a Pressure Cooker for Vegan Meals.

The Industry Pain Points

For years, the market has been fragmented. Restaurants and catering businesses need durable Electric Pressure Cooker for Businesses units that withstand daily heavy use. Home cooks are often pressured by the more traditional models of pressure cookers. Celiac and gluten-sensitive individuals are more likely to struggle finding a Pressure Cooker for Gluten-Free Recipes. Multi-function cookers can be better for vegans as they can prepare beans, grains, and vegetables without any burning.

Until now, wholesalers searching for Bulk IAIE Pressure Cooker Wholesale will face long lead times and inconsistent certifications, and poor support. It is a concern when lower priced suppliers skimp on Quality Assurance testing.

IAIE Solves These Problems

Precision engineering and strict QA are priority concerns for IAIE. IAIE’s Electric Pressure Cooker for Business models are ideal for seamless usage, as they feature an inner pot, a stable pressure system, and 100% functional testing at the time of shipment. All of these models are pressurized and sealed to ensure they perform without leaking or failing.

Your first experience with pressure cooking is easier with IAIE’s ready-to-use Pressure Cooker for Beginners models. These models have large dials and displays, as well as a one touch release. This low tech pressure system encourages beginner usage in order to limit the learning curve and mistakes often made around over and improper use.

IAIE’s Pressure Cooker for Vegan Meals is designed for the purpose of cooking legumes, grains, and root vegetables. This option is one of many that employs even heat distribution, and seals cooking to lock in the nutrients for the purpose of plant-forward cooking.

Easy to use, with minimal cross contact risk, IAIE’s Pressure Cooker for Gluten-Free Recipes employs a separate sealing system combined with a stainless steel pot. This option is particularly practical for the gluten-sensitive.

IAIE & Wholesale Excellence

IAIE recognises the needs of those in global distribution for reliability. With the Bulk Pressure Cooker Wholesale programs, IAIE partners can expect tailored designs, packaging, and speedy delivery. All products meet CE, CB, RoHS, UL, and ETL certifications. An in-process inspection checks every PCB, sensor, and exterior part before assembly.

“Safety is our top priority,” said an IAIE spokesperson. “We perform 100% comprehensive testing on all Commercial Pressure Cooker units. Only leak-proof, high-quality appliances leave our factory.”

Market Growth and Future Outlook

Industry data shows the global electric pressure cooker market growing at 4–6% annually, with emerging markets rising 6–8%. Urbanization and energy efficiency demands drive this trend. Electric pressure cookers save 30-50% of the energy needed for gas cooking. And with the implementation of smart designs, they aid brands in attracting environmentally-conscious consumers.

Vision and Values

IAIE looks the future of smart, convenient, and easy to use appliances to cook in every kitchen in the world. They prioritize innovation, quality, customer satisfaction, sustainability, and integrity, as well as teamwork to attain these things as well. Each IAIE product, whether 2.5L compact cookers or 12L high-volume units, are the embodiments of these values.

Customization and Support

Purchasers have the option to personalize the design, the style and the finish. They have the complete control of their production. This is all supported with ease of their smart design, quality, and satisfaction.

Contact IAIE Today

Clients interested in IAIE pressure cookers at wholesale prices, and those who wish to order samples, should communicate with the support number:

•  WHATSAPP / PHONE: +8615900091406

•  EMAIL: sales@l4p-tech.com

•  ADDRESS: No.63 2nd Dongfu Rd, Minle District, Dongfeng Town, Zhongshan, Guangdong, China (P.O. Box: 528425)

About IAIE

IAIE is a market-leading smart electric pressure cookers and rice cooker manufacturer based in China. Equipped with advanced injection machines, numerous molds, and global certifications, IAIE provides safe, durable and innovative home and industrial cooking systems.

Media Contact

Organization: IAIE

Contact Person: IAIE

Website: https://www.l4p-tech.com/

Email: Send Email

Contact Number: +8615900091406

Country:China

Release id:45488

The post Global Appliance Market Evolves as IAIE Expands Smart Pressure Cooker Solutions 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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Press Release

Tespro Launches Next-Generation Industrial Routers for Reliable Smart Infrastructure Connectivity

Published

3 hours ago

on

June 3, 2026

By

China, 3rd Jun 2026–  IoT for industrial applications has a major issue with communication in some environments where connectivity is very unreliable.  Most operators experience legacy systems that don’t communicate, costly and time consuming implementations, and system downtimes. These headwinds complicate and delay operational decisions and increase operational costs.

With 20 years’ experience, Tespro has gained invaluable insights and is proud to unveil its innovative range of Industrial telecommunications devices with the TR-200 and TR-300 series of routers.

Technology Challenges

Communication issues are a reality for almost every field technician. Impediments to effective standard networking equipment are due to extreme distance, environmental conditions, temperature and voltage. Most available solutions operate with no redundancy, resulting in a total loss of data flow. This is compounded by the difficulties of integrating old modern cloud systems where legacy industrial devices use Modbus and other serial protocols. There is a need for connected devices that use 4G and 5G telecommunications without the burden of complex or costly development.

Another common problem is power instability. Industrial sites rarely have clean, stable power sources. Standard routers fail under voltage sags or surges. Finally, many devices do not fit on standard Industrial Gateway DIN Rail. This complicates installation in crowded electrical cabinets.

Tespro’s Solution

Tespro solves these problems with its new series of Industrial Router Modbus TCP-ready devices. These routers facilitate communication between serial sensors and cloud devices. The TR-224 and TR-324 have RS232/RS485 ports. These devices connect directly to legacy meters, PLCs, and RTUs and then convert and transmit data using Modbus TCP over cellular networks.

As an example, a water utility can connect an older flow meter using RS485 to a Tespro TR-225 router. The router communicates the flow data to a cloud-based analytics platform for real-time data. Water utility operators can monitor the flow data from the cloud, and there is no need to change the existing hardware. This allows the water utility to minimize time and save money.

Redundancy for Zero Downtime

Each Tespro Industrial Router 4G LTE has triple backup switching. This means the router will automatically change from a wired connection to WiFi to a 4G/5G connection. The dual SIM standbys will provide network diversity; if one of the networks is not working, the second network will the be functional one. The TR-244 and TR-245 models also have five 1000Mbps Ethernet ports that automatically adjust and adapt. These will allow critical systems to stay functional during the network outages.

Wide-Range Power & Temperature Tolerance

These routers can run from -40°C to 75°C, and can be used in the northern winters and the southern deserts. The dual-path wide-voltage power supply accepts DC 5-30V input. Current consumption is below 400mA, and these features have made the Industrial Gateway Solution for mobile equipment, factory floors, and outdoor cabinets.

4G/5G Gateway for Future-Ready Deployments

Tespro provides 4G/5G Gateway options. The TR-225 and TR-245 provide 5G LTE with 100Mbps, providing either 2 or 4 LAN ports. Meanwhile, The TR-325 and TR-345 provide 5G with gigabit LAN ports. The models provide exciting new capabilities to process video, large data logs, and control commands in real-time. These will be valuable assets for developing smart city systems and intelligent transportation networks.

Full Product Range

The TR-200 series includes:

•  TR-224: 4G LTE, 2x 100Mbps LAN, RS485/RS232.

•  TR-225: 5G LTE, 2x 100Mbps LAN, RS485/RS232.

•  TR-244: 4G LTE, 4x 100Mbps LAN, RS485/RS232.

•  TR-245: 5G LTE, 4x 100Mbps LAN, RS485/RS232.

The TR-300 series adds gigabit performance:

•  TR-324: 4G LTE, 2x 1000Mbps LAN, dual RS485, RS232.

•  TR-325: 5G LTE, 2x 1000Mbps LAN, dual RS485, RS232.

•  TR-344: 4G LTE, 4x 1000Mbps LAN, dual RS485, RS232.

•  TR-345: 5G LTE, 4x 1000Mbps LAN, dual RS485, RS232.

All models feature industrial-grade protection. They support public LTE networks and VPDN proprietary networks. The devices are universal, with standardized interfaces. They show resilience in trying circumstances.

Seamless AMI/AMR Integration for Utilities

Tespro routers work with AMI/AMR systems to safeguard and allow continuous communication of cloud and meter entities. They run on technology that saves energy and supports battery backup. The latency in data communication is eliminated. Utility companies will spend less on maintenance and will be able to respond to outages in a timelier manner.

About Tespro

Tespro is a communication and calibration optical probe manufacturer that was founded in China in 2002. Now, Tespro is a manufacturer of DTUs, industrial routers, and industrial gateways. They work with Fortune 500 companies globally and their services are ISO 9001 and CE certified. Its mission is to deliver high-value products and exceptional service. The vision is to become a leading global manufacturer of smart metering solutions.

Tespro products are compatible with over 90% of meters on the market. From field devices to cloud platforms, Tespro offers fully integrated solutions. The company’s SEMS platform supports real-time data collection, calibration, and smart management.

Availability

All Tespro industrial routers are available now. For sales quotations, contact sales@tespro.com. For general inquiries, email info@tespro.com. Call or WhatsApp: +1-213 610 4797 or +852 4609 4648. Learn more at HERE.

Media Contact:
•  Tespr Electronics Co., Ltd.
•  Email: info@tespro.com
•  Web: www.tespro.com

Media Contact

Organization: Tespro

Contact Person: Tespro

Website: https://www.tespro.com/

Email: Send Email

Contact Number: +85246094648

Country:China

Release id:45492

The post Tespro Launches Next-Generation Industrial Routers for Reliable Smart Infrastructure Connectivity 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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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.

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