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ORC, The Dark Horse in OPEN Eco-Layout

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5 years ago

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Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.

When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.

As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.

DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.

OPEN – Bring a wider range of assets to DeFi

OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.

Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.

Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.

OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.

Open Swap – Decentralized Exchange

Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.

Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself.  Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.

Open Lend – Hybrid Lending Market

Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.

This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.

Open Stable – Asset Protocol Aggregation Platform

Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.

OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.

And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.

Open Link Oracle

OpenLink is the first distributed oracle on OC.

It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.

Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OC’s interoperability with other blockchains to expand the Open financial ecosystem?

ORC – An ultimate solution to blockchain interoperability.

Open Reactor

Open Reactor – Cross-chain protocol

Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.

The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.

ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.

The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

ORC Value Analysis 

  1. Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.

OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.

  • Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.

Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.

  • Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.

ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.

  • Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

  • Push ahead with the rapid establishment of global financial integration or regional economic integration.

Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.

Conclusion

If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.”  Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”

About us

https://www.openfin.network/#/

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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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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Press Release

Sheryar Shah of RedCrab Launches Private OpenClaw Services in Hong Kong

Published

19 minutes ago

on

April 3, 2026

By

RedCrab, founded by Sheryar Shah, today officially launched its private OpenClaw managed services in Hong Kong. The offering delivers a secure, professionally hosted environment for the viral open-source AI agent, enabling users to run unlimited autonomous tasks without the recurring API fees that plague traditional AI platforms.

Hong Kong S.A.R., 3rd Apr 2026 – OpenClaw – formerly known as Clawdbot and Moltbot – has taken Asia by storm. Users across the region lovingly call the process of deploying and managing these agents “raising lobsters,” inspired by the project’s distinctive red lobster mascot. The agents operate directly through familiar chat interfaces (WhatsApp, Telegram, etc.), handling real-world tasks such as email management, calendar scheduling, web browsing, shell commands, and system maintenance.

Why RedCrab?

The company name is a deliberate and playful nod to OpenClaw’s red lobster branding. Crabs and lobsters are both resilient crustaceans armed with powerful claws – a perfect metaphor for an AI agent that “claws” through complex digital tasks with precision and persistence. The colour red also resonates deeply with Hong Kong’s cultural emphasis on prosperity, luck, and vitality, positioning https://redcrab.hk as the local champion that brings good fortune through cutting-edge AI.

Key Features of RedCrab.hk’s Private OpenClaw Service

  • Zero API Fees, Unlimited Usage – Run as many tasks as you want with no per-token or per-request charges.
  • True Autonomous Digital Assistant – Executes commands across email, calendars, browsers, and local systems without constant human oversight.
  • Enterprise-Grade Security & Isolation – Dedicated environments prevent data leakage while keeping everything 24/7 available and fully private.
  • Instant Local Deployment – https://redcrab.hk handles all technical setup, updates, and monitoring so users can start “raising lobsters” within hours, not weeks.

“OpenClaw is the ‘Windows moment’ for AI – the point where autonomous agents finally become accessible to every household and small business,” said Sheryar Shah, founder of RedCrab.hk. “We created RedCrab.hk to tear down the last remaining barrier in Hong Kong: exorbitant API fees. Our mission is to make powerful, private AI as easy and affordable as turning on a light switch.”

Strategic Positioning & Hong Kong Target Audience

RedCrab.hk’s marketing strategy is built on three pillars: affordability without compromise, local trust, and community-driven adoption. The company is deliberately positioned as “the home-grown lobster farm for Hong Kong” – a friendly, culturally relevant brand that turns advanced AI into an everyday skill rather than an expensive subscription.

The primary target audience includes:

  • SMEs and startups in finance, logistics, e-commerce, and professional services looking to cut operational costs while scaling productivity.
  • Tech-savvy professionals and freelancers who want a personal AI assistant that works in Cantonese/English and respects Hong Kong data-sovereignty preferences.
  • Forward-thinking households ready to embrace the “lobster fever” sweeping Asia and future-proof their daily routines.

By combining managed hosting with hands-on “lobster-raising” workshops, social campaigns, and partnerships with local tech communities, https://redcrab.hk aims to make AI workflow mastery a core competency for Hong Kong’s workforce – just as the city continues its evolution into Asia’s premier innovation hub.

About RedCrab.hk

RedCrab.hk is a Hong Kong-based technology provider specialising in private AI infrastructure and automation. Founded by Sheryar Shah, the company delivers secure, cost-effective, high-performance AI solutions tailored to the unique needs of the Hong Kong market.

Media Contact

Organization: trustbanana

Contact Person: Sher

Website: https://trustbanana.com

Email: Send Email

Country:Hong Kong S.A.R.

Release id:43613

The post Sheryar Shah of RedCrab Launches Private OpenClaw Services in Hong Kong 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

Best POS System in Hong Kong 2026: Wonder Pioneers T plus 0 Settlement

Published

19 minutes ago

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April 3, 2026

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Hong Kong S.A.R., 3rd Apr 2026 – Wonder, Hong Kong’s most advanced all-in-one FinTech platform, continues to lead the market in 2026 with its pioneering T+0 instant settlement.

Since launching T+0 settlement in September 2023, Wonder has processed several billions in T+0 gross merchandise volume and supported over 5,000 merchants with same-day access to funds — even on public holidays.

Leading with True T+0 Instant Settlement

Traditional payment platforms in Hong Kong usually take 2 to 3 days to settle funds. Wonder changes this by providing true T+0 instant settlement directly to merchants’ business accounts, giving businesses immediate access to their sales proceeds for inventory, payroll, suppliers and daily operations.

Key strengths of Wonder’s platform include:

  • Instant Settlement (T+0) — Funds settled on the same day, even on holidays
  • Wonder Terminal — The most powerful terminal for on-the-spot payments with same-day delivery option
  • 34+ Payment Methods — Full support for credit cards, Alipay, WeChat Pay, Octopus, FPS and more across in-store, online and mobile channels
  • Real-time Management — Complete visibility and control via the Wonder App and Wonder Dashboard
  • 7-minute digital onboarding — Fully digital e-KYC/KYB setup

Strong Partnership Backing

In March 2025, Wonder extended its partnership with Acorn Financial Services to expand T+0 instant settlement access for SMEs across Hong Kong and APAC. The platform also includes the premium Wonder Card for seamless business expense management.

About Wonder

Wonder is a leading payments and FinTech platform for businesses in Hong Kong and Asia, enabling any business to pay and get paid effortlessly. Our core products and services include offline and online payments acceptance, cards issuing, digital financial services and FinTech SaaS.
Dedicated to financial innovation, Wonder strives to bring disruptive financial products and services such as 7 minute onboarding, e-KYC, T+0 instant settlement, full-stack business accounts, same day terminal delivery, SME financing and more to all businesses across Asia, one at a time. For more information, visit https://wonder.app.

Media Contact

Organization: trustbanana

Contact Person: Sher

Website: https://trustbanana.com

Email: Send Email

Country:Hong Kong S.A.R.

Release id:43610

The post Best POS System in Hong Kong 2026: Wonder Pioneers T plus 0 Settlement 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

Moove.xyz Launches Moove App to Enable Crypto Payments for Mobile Users Worldwide

Published

19 minutes ago

on

April 3, 2026

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Hong Kong S.A.R., 3rd Apr 2026 – moove.xyz, a global Web3 fintech platform built for the permissionless and effortless movement of value, has officially launched the Moove App, its all‑in‑one mobile application designed to enable anyone to send, receive, stake and swap any cryptocurrencies across any blockchain — instantly and with no KYC requirements.

Designed for both consumers and businesses, the Moove App extends moove.xyz’s mission to eliminate friction in global crypto transactions by unifying identity, payments, wallet management, and rewards into a single non‑custodial mobile experience. Through five core product pillars — Brand, Transact, Manage, Discover, and Grow — the app allows users to move digital value seamlessly across 30+ blockchains and 16,000+ cryptocurrencies without navigating wallet addresses, chains, or token compatibility.

“Our vision with the Moove App is to make crypto payments and Web3 finance feel effortless, intuitive, and accessible to everyone,” said moove.xyz in an official company statement. “By introducing a mobile‑first experience built around @moovehandles, branded payment profiles, and embedded cross‑chain settlement, we’re enabling users to simply send and receive crypto without worrying about blockchains, token types, or wallet complexity. Everything happens seamlessly in the background, powered by our integrated DeFi infrastructure — all while remaining fully non‑custodial and permissionless.”

At the core of the Moove App is Moove Profile, which allows users to connect and brand their wallet as a unique @moovehandle. Each user can customise their Moove Profile with a username, profile image, background image, biography, social links, and preferred settlement cryptocurrency, transforming a traditional wallet into a recognisable Web3 identity. Users can also generate a shareable branded QR Code and payment link to accept over 16,000 cryptocurrencies across 30+ blockchains instantly.

The Moove Send & Moove Receive features enable users to send and receive crypto across chains using a single interface. Payments can be made to any @moovehandle or standard wallet address, while embedded cross‑token swaps and cross‑chain bridges automatically detect the source asset and settle into the recipient’s preferred cryptocurrency. This allows users and businesses to accept same‑chain or cross‑chain payments through a single QR Code or crypto payment link, significantly simplifying global crypto transactions.

Through Moove Manage, users can view, manage, and analyse their full transaction history directly within the mobile app. The Moove App supports non‑custodial wallet connections including Phantom, Solflare, and Backpack, while also allowing users to accept payments via MetaMask, Phantom, Solflare, Base Wallet, Trust Wallet, and Backpack. With support for Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Base, zkSync, Polygon zkEVM, Blast, Mantle, Celo, and 30+ blockchains, Moove provides a unified management layer across the Web3 ecosystem.

The app also introduces Moove Contacts, a discovery layer that allows users to search any @moovehandle, view recent contacts, and save favourite contacts for instant peer‑to‑peer transactions. By replacing wallet addresses with simple handles, Moove Contacts makes transacting with a network as intuitive as messaging.

The launch of the Moove App comes as demand grows for mobile‑first, privacy‑preserving crypto payment solutions. Many existing platforms remain fragmented, custodial, or limited to specific chains. The Moove App addresses these challenges by offering a single, permissionless interface that unifies identity, payments, wallet management, and rewards — without approvals or intermediaries.

Looking ahead, moove.xyz plans to continue expanding the Moove App with additional blockchain integrations and advanced decentralised financial features. The company’s long‑term mission is to onboard over one billion users into a world where anyone can use Web3 financial tools without friction, borders, or centralised control. With the launch of the Moove App, moove.xyz takes a major step toward redefining how digital value moves globally — making crypto payments simple, universal, and mobile‑native.

About moove.xyz

moove.xyz is a global Web3 fintech platform built for the permissionless and effortless movement of value. We empower businesses and consumers anywhere to send, receive, stake, and swap any cryptocurrencies across any blockchains — all in one single platform.

We are one of the first Web3 fintech companies globally to innovate and build a full-stack crypto payments and decentralised finance infrastructure, enabling an integrated and comprehensive coverage across multi-chain wallet access, personalised wallet handles, cross-chain token swaps, embedded cross-chain transactions and a decentralised social financial network. Our key products include Moove Profile, Moove Send, Moove Receive, Moove Stake, Moove Swap, Moove Rewards, Moove Discover and more.

Our mission is simple — to create and distribute permissionless and effortless financial technology for the next 1 billion Web3 users. We fundamentally believe that the future of the movement of money and value shall be costless, borderless, permissionless, effortless, and built for everyone — and we’re building the ultimate Web3 fintech platform to make that future real.

Your money. Your move.

Website: https://moove.xyz

 

Media Contact

Organization: trustbanana

Contact Person: Sher

Website: https://trustbanana.com

Email: Send Email

Country:Hong Kong S.A.R.

Release id:43609

Disclaimer This press release is provided for informational purposes only. It does not constitute financial, investment, legal, or regulatory advice. References to digital assets, blockchain technology, or related services are descriptive in nature and should not be interpreted as an endorsement, guarantee, or solicitation.

The post Moove.xyz Launches Moove App to Enable Crypto Payments for Mobile Users 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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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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