Leadership transition and new organizational structure reinforce commitment to core technology and enhanced governance
SAN FRANCISCO, May 7, 2025 /PRNewswire/ — Movement Labs, a Web3 company and core contributor of the Movement Network, today announced the establishment of Move Industries by two Movement employees. The newly formed Move Industries has been established to ensure a more simplified and focused operational structure, including new executive leadership.
Torab Torabi, a founding member of Move Industries, will lead the company as CEO. In addition, Will Gaines will serve as President and Chief Marketing Officer and Young Yang Liauw will continue overseeing engineering. Mr. Liauw brings significant blockchain engineering expertise from his time at Aptos as Head of Move along with positions at Novi and Meta, where he worked on the Libra team.
Move Industries is committed to maintaining Movement’s position as a leading Move-based blockchain ecosystem. Move Industries’ three core pillars are Community/Brand, Engineering/Product, and Ecosystem/Business Development. The new endeavor will operate with enhanced accountability measures, providing a stronger foundation for the Movement ecosystem’s future growth and success.
“Today marks the beginning of an exciting new chapter for the Movement,” said Torabi. “We are putting in place the structures needed for our company to thrive, which includes a full commitment to our ecosystem builders and community. They are at the heart of everything we do. Our team remains heads down, improving chain performance, increasing economic activity on-chain, and supporting the incredible projects being built on the Movement Network. We will continue full steam ahead to fulfill our promises.”
Movement Labs has also terminated Co-Founder Rushi Manche.
Additionally, Co-Founder Cooper Scanlon is voluntarily passing the torch to Torab Torabi, to lead Move Industries.
“It has been an incredible journey bringing the Movement vision to life and I’m immensely proud of what we’ve built together,” said Scanlon. “Torab has been instrumental to Movement’s development from the beginning, and I have complete confidence in his leadership abilities and vision for the future. I will continue to support the Movement and advocate as the team writes this next chapter.”
Move Industries will operate under improved governance, including expanded board oversight and transparent decision-making processes.
“The Movement community has stood with us through both triumph and challenge,” said Gaines. “With Move Industries, we’re returning to our founding principles: self-sovereignty, creativity, and systems that serve people. This next chapter will ensure we continue building world-class infrastructure, world-class businesses and a world-class movement.”
About Move Industries
Move Industries is building a community-first Move-based blockchain ecosystem. Led by a team of industry veterans, Move Industries maintains a dual focus on technology and community. The organization intends to return to crypto’s radical roots: giving financial power and opportunity back to the people.
Dubai, UAE, May 7th, 2025, Chainwire
ProMeet, the blockchain-powered platform transforming how creators monetize through live streaming and video sessions, announced the launch of its ProMeet Ambassador Program. This new initiative empowers influencers, community leaders, and advocates of creator independence to earn recurring rewards in USDC by introducing new creators to the ProMeet ecosystem.
With the launch of the Promeeters Program, ProMeet is extending its mission beyond creators, inviting supporters, influencers, and communities to help reshape the digital content landscape and earn up to 50% of platform fees for each referral.
The creator economy is thriving, with an estimated global value exceeding $250 billion, but many creators still face outdated tools, high platform fees, and limited earning models. ProMeet addresses these challenges by offering creators an all-in-one platform for live sessions, global payments, and direct monetization, with instant payouts and a transparent 10% fee.
Turning Influence into Impact: Becoming a ProMeeter
The ProMeet Program enables anyone with a network of creators to earn lifetime commissions through referrals, whether in coaching, content creation, streaming, or online education. Each Promeeter receives a unique referral link to track and monetize their outreach. When a referred creator joins and begins using ProMeet, the referrer can earn a percentage of the platform fees generated by that creator.
“We built ProMeet for creators—but we’re growing it with the people who believe in creator autonomy,” said Jonathan Azeroual, CEO of ProMeet. “This program allows ambassadors to play an active role in reshaping monetization models and get rewarded for it.”
How the ProMeeters Program Works
Step 1: Applicants can click the link to apply
Step 2: They sign in and generate a unique referral link
Step 3: The link is shared across their channels and network
Step 4: Commissions in USDC are earned instantly each time referred creators earn through ProMeet
About Promeet
ProMeet is a platform that helps creators monetize their videos, images, live streams, and meetings. By combining the capabilities of YouTube, Zoom, and Twitch into a single, easy-to-use platform, Promeet enables creators to earn revenue seamlessly with no barriers. Powered by Web3 technology, Promeet ensures fast and secure payments, allowing creators to get paid immediately for their work via USDC.
For more information, users can visit www.promeet.live
Twitter: @ProMeet_Live
TikTok: promeet.live
Contact
Noa Gurovich
ProMeet
noa@promeet.live
Zug, Switzerland, May 6th, 2025, Chainwire
The Casper Association is proud to announce that Casper 2.0 went live on the mainnet on May 6, 2025, a major milestone that marks the network’s evolution into a platform purpose-built for real-world assets.
Casper 2.0 bridges crypto-native innovation with enterprise-grade infrastructure, advancing a vision where blockchain doesn’t exist in isolation, but powers real economies and everyday applications, not just itself.
With this upgrade, Casper moves beyond siloed ecosystems, offering a developer- and business-friendly environment ready to support the next wave of tokenized assets, on-chain finance, and real-world adoption.
“Casper 2.0 is more than a milestone, it’s a launchpad for real-world blockchain adoption,” said Matt Schaffnit, CEO & Board Director of the Casper Association. “With instant, deterministic finality, native upgradability, and built-in access control, we’re enabling a new generation of applications that secure identity, ownership, and value across industries. I’m especially excited by the growing momentum around real-world use cases now possible on Casper 2.0.”
The next wave of industry expansion depends on real-world utility with systems that secure ownership, support compliance, and integrate with economies beyond Web3. Casper 2.0 delivers on that promise with foundational improvements that make it one of the most complete and adaptable blockchains for tokenizing, transacting, and governing real-world assets and processes on-chain:
A new deterministic consensus protocol, Zug brings instant finality to Casper, ensuring that ownership transitions for assets such as real estate, commodities, and tokenized instruments are not only immediate and irreversible, but also leave a clear, tamper–proof audit trail.
Natively Secured Upgradable Smart Contracts
Real-world systems demand precise control, accountability, and compliance. Casper 2.0 delivers. With natively upgradable contracts, built-in multi-signature support and fine-grained permissions, developers can design workflows that are both auditable and compliant by default. Every party in an asset transaction, from buyer, and seller to broker, escrow agent, and auditor, is restricted to only the specific functionality they’re authorized to access, mirroring the security and role-based access controls of traditional systems.
Casper 2.0 meets builders where they are, empowering millions of software developers to build on-chain using familiar languages and modern design patterns, without the steep learning curves and constraints typical of Web3 development.
Beyond its core innovations, Casper 2.0 introduces critical infrastructure enhancements, including support for multiple virtual machines, expanding the network’s capacity to support complex, real-world applications.
Casper 2.0 also unlocks a powerful set of capabilities that redefine and expand what developers can build and what users can expect on-chain. Smart contracts can now integrate rewards and yield directly into their logic through natively secured liquid staking, leverage zero-knowledge hashing algorithms to enable privacy-preserving identity and compliance solutions, and utilize a native token burning mechanism to implement new supply-control strategies.
“Casper 2.0 is the result of a simple and powerful idea: that blockchain should support the same kinds of assets, rules, and processes that exist in the real world,” said Michael Steuer, CTO & President of the Board of the Casper Association. “By design, Casper 2.0 enables real-world asset transactions to settle instantly, businesses to implement access controls that mirror reality, and applications to seamlessly upgrade as regulations evolve. Casper 2.0 allows developers to focus on building applications, not engineering around limitations.”
Additionally, the Casper 2.0 upgrade underwent a rigorous, independent audit by Halborn Security, ensuring its codebase aligns with top-tier industry standards and reinforcing trust in its secure, enterprise-ready foundation.
More information on Casper 2.0, including documentation, development tools, and an overview of the network’s new capabilities, is available at casper.network.
About Casper Network
Casper Network (CSPR) is a decentralized, layer 1 Proof-of-Stake blockchain designed for the real-world economy. It empowers people to openly benefit from who they are, what they do, and what they own, across borders, businesses, and communities, both within and beyond Web3.
With instant finality, upgradeable smart contracts, enterprise-grade security, and flexible permissioning, Casper’s infrastructure supports the secure tokenization, management, and exchange of assets and sensitive data across both public and private environments.
The Casper Association, a non-profit organization based in Switzerland, promotes the decentralized development and adoption of the Casper protocol, network, and ecosystem.
Learn more about Casper Network at https://casper.network.
Contact the Casper Association at press@casper.network.
Press and Media Usage: https://www.casper.network/press-and-media .
Contact
Marketing & Communications
Ronan Breen
Casper Association
press@casper.network
New York, USA, May 6th, 2025, Chainwire
Permanent cloud network AR.IO onramps credit cards for its leading domain name and web-hosting service, ArNS, on the Arweave blockchain
AR.IO, the world’s first permanent cloud network built on the Arweave blockchain, has launched new fiat capability for purchases of its leading domain name service, ArNS, which offers easy access to web3 applications and permanent website hosting.
Traditional domain name platforms require ongoing subscription renewals and rely on centralized infrastructure. ArNS, however, is supported by AR.IO’s network of 400+ gateways, making it decentralized and globally accessible. Users also have the option to buy a permanent domain name that never expires, nor does any data attached to it.
AR.IO users have long been able to buy credits for uploads to the network with fiat, $AR, $MATIC, $SOL, $ETH, and $ETH on Base. But starting today, they can use a simple credit card to purchase credits in a one-time transaction. This is made possible through AR.IO’s “Turbo” – an open-source bundler for the Arweave ecosystem that also bridges fiat to crypto.
Commenting on the launch of ArNS’s new credit-card capability, Phil Mataras, founder and CEO of AR.IO, says, “With ArNS and its permanent purchase option, you will never, ever, lose access to your domain name or your website because you forgot to pay a subscription or the chain or provider removed or lost your data. This is a unique feature that sets us apart from any other DNS provider out there – and this couldn’t come at a better time as we see online information being deleted and manipulated at a rapid pace.”
More than simply pointing to data, ArNS domains are programmable smart contracts designed to trigger integrations, on-chain logic, and automations. With every name, users can permanently host apps, websites, and data via Arweave. This decentralized storage solution provides an alternative to centralized services that protects users from outages due to missed payments or provider issues.
Creating a new standard for digital identities, ArNS doesn’t just replace traditional DNS, it reinvents it for a sovereign, decentralized global internet.
About AR.IO
AR.IO is the first permanent cloud network, providing decentralized, censorship-resistant access to data, storage, and domains. Built on Arweave, AR.IO ensures information and applications remain universally accessible, tamper-proof, and free from centralized control. Its incentivized gateway network enhances reliability, while self-sovereign, permanent domains eliminate renewals and offer true digital ownership. AR.IO envisions an internet that is resilient, equitable, and neutral, where businesses, creators, individuals, and society as a whole are empowered to thrive.
To learn more about AR.IO, users can visit https://ar.io/ and follow @ar_io_network on X
About ArNS
ArNS (Arweave Name System) is a decentralized, permanent, smart domain name system built on the Arweave blockchain and powered by the AR.IO network. ArNS stands apart from other web2 and web3 name systems through its flexible options to lease or permanently purchase without renewals or subscriptions. With ArNS, users can permissionlessly publish websites, point to data, apps, or identities for uninterrupted access via a censorship-resistant, globally distributed gateway network. All entries are stored permanently and immutably on-chain, ensuring trustless, verifiable, and tamper-proof naming for a truly sovereign web.
Contact
Rebecca Jones
Block3 PR
rebecca@block3.pr
Dubai, UAE, May 6th, 2025, Chainwire
MultiBank Group, the world’s largest financial derivatives institution, has signed a historic $3 billion tokenization agreement MAG Lifestyle Development, the leading real estate developer in the UAE, and Mavryk, a leading blockchain innovator, marking the largest real-world asset (RWA) tokenization initiative globally to date. The initiative highlights the imminent launch of $MBG, the utility token at the core of MultiBank’s next-generation digital finance ecosystem.
The partnership will bring MAG’s high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via MultiBank.io’s fully regulated RWA marketplace. Once launched, holders of the RWA assets will be able to earn yield distributed daily on the MultiBank.io platform.
The $MBG token will power access, staking, fee payments, and platform engagement, positioning it as the infrastructure layer behind institutional-grade digital asset offerings.
As part of the agreement, MAG will provide its premium real estate inventory for tokenization, while Mavryk will deliver the blockchain infrastructure to support on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance — all reinforced by the $MBG token’s multi-layered utility.
“This isn’t just a real estate deal — it is a flagship use case for the $MBG token. By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real.” said Zak Taher, Founder and CEO of MultiBank.io.
Talal Al Gaddah, Senior Executive Vice Chairman of MAG, said: “At MAG, we have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection.”
Alex Davis, Founder and CEO of Mavryk, commented “This collaboration represents a paradigm shift in how real-world assets are accessed and traded. By leveraging our advanced tokenization and DeFi infrastructure, we are transforming landmark developments into borderless, liquid investment opportunities. Together with MAG and MultiBank Group, we are laying the technological foundation for a transparent, scalable future where institutional-grade assets are available at the click of a button.”
With a buyback-and-burn model tied to platform revenues and staking rewards designed to incentivize long-term engagement, MultiBank Group provides tangible value for both retail and institutional users. From discounted fees and VIP tiers to launchpad access and real-world asset exposure, the $MBG token is engineered to reward participation and drive ecosystem demand.
The initial tokenization of $3 billion is just the beginning. The platform is built to scale up to $10 billion in assets, setting the stage for a new era of programmable ownership and compliant digital investing — with $MBG at its foundation
Legal Disclaimer
The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.
About MAG
MAG, is the real estate development arm of MAG Group – a multinational conglomerate based in the UAE, with a 46-year-old legacy. MAG was established in 2003 and its current real estate portfolio ranges from iconic residential towers and communities to ultra luxury developments that incorporate Bio Living and wellness-focused concepts, which are considered firsts in the region. With a commitment to excellence, MAG continues to shape the future of urban living, delivering transformative projects that enhance lifestyles and communities.
About MultiBank Group
MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a trading volume that exceeds $35 billion per day during the first 4 days in April 2025. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 17 of the most reputable financial authorities globally. The Group’s award-winning trading platforms offer up to 500:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 70 financial awards recognizing its trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website.
About Mavryk
Mavryk is the Layer-1 blockchain designed to revolutionize asset ownership and nurture the RWA community, building the tokenization of assets for tomorrow. By leveraging RWA tokenization, DeFi applications, and robust infrastructure, Mavryk aims to transform how individuals interact with and leverage tokenized assets. Our vision is to create an interconnected network economy through the seamless integration of RA with DeFi.
Contact
Nasser Saimeh
nasser@cbpr.me
Dubai, Emirates, May 5th, 2025, Chainwire
Pepeto, a project often referred to as the “God of Frogs,” is positioning itself as more than just another meme coin. While many meme tokens rely solely on hype and short-term trading, Pepeto is focused on building a long-term ecosystem that delivers real utility.
While many meme coins center around short-term trading and community hype, Pepeto emphasizes infrastructure that may offer more sustained utility. The project aims to provide foundational support for emerging tokens in the meme coin category, helping to advance use cases and streamline token movement across networks.
- No-Fee Exchange: A platform where both new and well-known memecoins can be listed and traded without paying fees, offering a more accessible environment for investors and token creators alike.
- Cross-Chain Bridge: This tech allows smooth swapping of tokens between different blockchains, making Pepeto a key player in boosting access and liquidity across the crypto world.
- Staking Benefits: By holding and staking $PEPETO, investors can earn extra rewards, encouraging long-term commitment and trust in the project.
Value 1: Pepeto provides token holders to list in Pepeto Exchange
Value 2: PepetoSwap Tech – Bridge technology helps crypto adoption and enables the transfer of assets and data between different blockchain networks, allowing seamless cross-chain transactions. This is illustrated in the design below:
What Makes Pepeto Unique
Pepeto’s team is posting updates about Pepeto exchange via official socials, the exchange is set to list noncorrupted projects:
- Exchange Access – Pepeto will allow its holders to list tokens directly on the Pepeto Exchange, a game-changing feature for meme coins.
- Advanced Bridge Technology – The PepetoSwap bridge enhances crypto adoption and cross-chain transactions, making transfers between blockchains fast, secure, and cost-effective.
Exploring Pepeto’s Vision and Market Dynamics
Pepeto enters the scene with a total token supply of 420 trillion and a unique origin story that centers around reclaiming a complete vision – Power, Energy, Precision, Efficiency, Technology, and Optimization. According to the project’s lore, Pepeto represents the full foundation, designed to bring utility and long-term direction to the meme coin space.
Currently priced at $0.000000126 in its presale phase, Pepeto’s valuation presents an opportunity for early participants. If Pepeto were to reach a value comparable to other widely recognized meme tokens, the upside could be substantial.
While the crypto market remains unpredictable, Pepeto’s structured tokenomics, narrative approach, and positioning within the meme coin ecosystem continue to attract interest from observers and early supporters alike.
https://www.youtube.com/watch?v=z6bd557hhgY
PEPETO presale enters its final stretch ahead of exchange launch
Investors can still secure $PEPETO at the presale rate of $0.000000126 on pepeto.io. Supported payment options include USDT, ETH, BNB, and card via MetaMask or Trust Wallet.
With the development of PepetoSwap nearing completion and exchange listings on the horizon, early participants will be positioned for staking incentives and priority access to the broader Pepeto ecosystem. As the presale concludes, PEPETO is emerging as a notable token in the current market cycle.
About Pepeto
Pepeto is an innovative cryptocurrency project that merges the world of memecoins with a robust utility-driven ecosystem. Designed to support the next generation of tokens, Pepeto integrates a zero-fee exchange, a cross-chain bridge for seamless token swaps, and staking rewards for long-term investors.
For more information, users can visit the official Pepeto presale at https://pepeto.io/.
Official Links:
Website: https://pepeto.io/
Twitter: https://x.com/Pepetocoin
Telegram: https://t.me/pepeto_channel
Instagram: https://www.instagram.com/pepetocoin/
TikTok: https://www.tiktok.com/@pepetocoin
YouTube: https://www.youtube.com/@Pepetocoin
Contact
Head relations
Tokenwire
contact@web3protocol.com
Belize, Belize, May 5th, 2025, Chainwire
BC.GAME announced the official launch of the second phase of its $BC mining event, set to begin on May 1, 2025. This follows the strong response from the first phase, which introduced a 1 billion $BC prize pool and attracted thousands of users through daily rewards and social mining. In addition, BC.GAME previously distributed 400 million $BC to the Solana community as part of a dedicated community airdrop initiative, reaching over 100,000 eligible wallets. The upcoming campaign features a total pool of 1 billion $BC, with 50 million released daily.
Activating the Community: Establishing a Beneficial Ecosystem
BC.GAME has been working to create a vibrant and engaging ecosystem since the $BC token’s launch last year. This project encourages active participation and lowers barriers for new users by fusing social interaction with gameplay, which strengthens the community.
The BC.GAME CEO Jack stated: “We want to ensure that every contribution, whether through gameplay or bringing others into the fold, is acknowledged and rewarded.” “We want to establish a setting where players feel appreciated for their contributions to the platform’s expansion.”
Transparent Airdrop System
Airdrop distribution remains fully transparent in Phase 1, BC.GAME publicly disclosed all airdrop addresses. In Phase 2, the platform will again use Merkle tree proofs to ensure verifiability of all participation data. $BC is already used for in-game payments, reward redemptions, and platform events, circulating across De-Gamble and other ecosystem features to provide practical utility for token holders.
Phase 2 of the mining event will run from May 1, 2025, 00:00 (UTC). The total reward pool is 1 billion $BC, with 50 million $BC released daily on a first-come, first-served basis.
Participation is open to all BC.GAME users, with no deposit required. Points can be accumulated through gameplay or by inviting others to join the platform. For each $1 wagered, users earn 1 point. Additionally, inviting a new user who completes basic KYC earns 2,000 points. Points are redeemable at a fixed rate of 10 points per 1 $BC token. Referrers also receive a 5% bonus based on the activity of those they invite.
For full details, users can visit: https://bc.game/events/new-mining
About BC.GAME and $BC
Founded in 2017, BC.GAME is a global crypto platform that offers a variety of digital entertainment experiences. The platform holds multiple international licenses and is committed to building an open, transparent, and community-driven Web3 ecosystem.
$BC is the native token of BC.GAME, designed to power community incentives and platform utility. It can currently be used for completing tasks, lottery draws, redemptions, and partial in-platform payments. Its use cases continue to expand across various features and activities.
Contact
Olivia Dixon
BC.GAME
oliviadi@bcgame.com
TAIPEI, May 5, 2025 /PRNewswire/ — CoolBitX officially introduces CoolWallet Go, a minimal, ultra-portable cold wallet designed for new crypto users and seasoned holders alike. It’s a next-generation card wallet focused on simplicity, cost-efficiency, and everyday utility—without compromising on security fundamentals.
Pre-Order Offer (April 21 – May 10)
CoolWallet Go is now available for pre-order at $59.99 USD for a 2-card set. Customers can optionally add a lifetime warranty plan for $39 USD per set—a rare offering in the cold wallet space.
Simple, Secure, and Built for Daily Use
CoolWallet Go is built around a CC EAL6+ certified secure element, a proven protection standard used in many high-assurance security chips. The wallet’s minimalist design includes no screen, no buttons, no battery, and no Bluetooth pairing, relying instead on tap-to-sign NFC to streamline transactions.
The device generates private keys directly on-card, minimizing exposure during wallet setup. Users manage assets via the CoolWallet App, with integrated support for Bitcoin, Ethereum, 40+ blockchains, and EVM-compatible tokens.
Security and Risk Awareness by Design
CoolWallet Go has undergone independent third-party security testing and has been continuously reviewed through a public bug bounty program over the past two years. No vulnerabilities have been found that compromise the safety of users’ private keys or assets. CoolBitX remains committed to continuous security improvement and transparent security practices.
Optional Lifetime Warranty Plan
CoolWallet Go introduces a unique warranty add-on that provides long-term coverage for registered users:
- Coverage is per 2-card set, with a quota of free replacements per year.
- Registration is required within 30 days of purchase.
- Shipping costs for replacements are customer-borne.
- Warranty resets yearly and is not cumulative.
This initiative reflects CoolBitX’s commitment to sustainable product longevity, moving beyond traditional short-cycle hardware support.
Built for Beginners, Trusted by Pros
CoolWallet Go is ideal for:
- First-time hardware wallet users transitioning from exchanges or hot wallets.
- Experienced holders looking for a compact, secure backup or daily-use wallet.
Shipments begin mid-May.
Pre-order and learn more here: https://reurl.cc/Lanld7
Download the CoolWallet App
- Google Play
- Apple App Store
About CoolWallet
CoolWallet is a pioneering hardware wallet brand that offers a secure and convenient solution for storing and managing digital assets in the Web3, DeFi, and NFTs arenas. The company’s flagship product, the CoolWallet Pro, is a credit card-sized device that combines the security of a hardware wallet with the convenience of a mobile device. With its unique design and advanced security features such as an EAL6+ secure element, biometric verifications, and military-grade Bluetooth encryption, CoolWallet is committed to providing a safe and user-friendly platform for crypto users worldwide.
Showcasing blockchain’s potential to enable everyday financial transactions
NEW YORK, May 1, 2025 /PRNewswire/ — Rain, a global card issuing platform built for stablecoins, is helping usher in a new era of onchain finance through its work with Visa.
Today, Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain has fully tokenized its credit card receivables and has transitioned all settlement transactions for its Visa cards to USDC, to now be able to settle with Visa 7 days a week, 365 days a year.
Rain provides backend infrastructure – APIs, compliance layers and settlement logic – that enables fintechs and wallets to build and launch stablecoin-linked card programs. As demand for real time, global payments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins.
7 Day Stablecoin Settlement
Rain’s proprietary settlement stack brings all authorization logic and settlement onchain. Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains. When a user makes a payment with a Rain-issued Visa card, Visa settles with the merchant acquirer as usual. Rain is programmatically leveraging stablecoins enabling network settlement 7 days a week, 365 days a year.
Tokenized Credit Card Receivables
Rain’s platform has also fully tokenized its credit card receivables, enabling more efficient capital management and transparency across the system. These capabilities help fintechs go to market faster with new products. While giving consumers access to digital-first globally interoperable payment experiences.
Rain is also proud to announce a world first: closed loop credit card receivable financing utilizing stablecoins. Rain works with a network of capital partners – borrowing stablecoins to facilitate network settlement for credit card receivables. By borrowing from and programmatically repaying lenders Rain has been able to reduce the total cost of capital for consumer and b2b credit programs while providing lenders access to superior collateral and programmatic repayments powered by smart contracts. This powerful construct has the potential to unlock credit access for users in underdeveloped financial markets, all while unlocking significant operational and capital efficiencies for Rain and Rain powered programs.
“By participating in Visa’s USDC settlement program, we are now able to conduct settlement 7 days a week, 365 days a year, operating outside of traditional banking hours. USDC settlement allows us to be more capital efficient – helping to reduce the need for collateral while providing our counterparties the same level of protection. This sets a new standard for issuers and further enhances digital asset utility,” said Farooq Malik, CEO & Co-founder of Rain.
“Moving money across borders has always been complex, but blockchain technology and stablecoins are helping change that,” said Rubail Birwadker, Head of Growth Products and Partnerships, Visa. “Our work with Rain to help bring payments onchain and enable seven-day settlement is a big step toward helping to simplify global payments.”
This is just the beginning. Rain continues to explore new ways to enhance the utility of stablecoins, such as its asset-agnostic settlement stack and blockchain permissioning, which together enable credit to exist entirely onchain. Rain is paving the way for a more efficient, transparent, and accessible financial ecosystem that reduces working capital, reduces fraud, and drives improvements in operational outcomes.
Visa Principal Membership
A Visa principal member, Rain enables seamless payment solutions at more than 150 million Visa-accepting merchant locations worldwide. By utilizing stablecoins for automated daily settlement with the Visa network, Rain is doubling down on its mission to integrate blockchain technology with traditional financial systems, making digital assets seamlessly interoperable for everyday use cases.
About Rain: Rain is a global card issuing platform powered by stablecoins. The company, which was founded in 2021 by Farooq Malik and Charles Naut, sponsors and operates card programs in multiple markets as a Visa principal member. Rain is backed by Norwest Venture Partners, Lightspeed Venture Partners, Galaxy Ventures, Coinbase Ventures and others. Learn more at https://www.rain.xyz/
CONTACT: Charles Yoo-Naut; charles@rain.xyz
Seoul, Republic of Korea, May 1st, 2025, Chainwire
Global Bitcoin leaders, listed companies, and innovators will gather in Seoul on June 4–6 for Bitcoin Seoul 2025 — Asia’s flagship event shaping Bitcoin’s future.
Bitcoin Seoul 2025, Asia’s largest Bitcoin-focused conference, will take place from June 4 to 6, 2025, at two of Seoul’s most iconic venues: Signiel Seoul and SKY31 Convention.
Following its successful debut in 2024, Bitcoin Seoul quickly established itself as a key fixture in the global Bitcoin conference circuit.
The inaugural event featured leading Bitcoin thinkers such as Saifedean Ammous and Jimmy Song, and attracted thousands of industry professionals and community members to Seoul to exchange insights on Bitcoin’s evolution and future.
Building on this momentum, the 2025 edition promises an expanded scale and a deeper examination of Bitcoin’s global trajectory.
More than just a conference, Bitcoin Seoul 2025 will feature a multidimensional program spanning Bitcoin strategy, regulation, finance, policy, and real-world adoption.
Amid the growing trend of publicly listed companies in Asia and Europe adopting Bitcoin as a treasury asset, executives who have led these initiatives—including from MetaPlanet and The Blockchain Group—will be participating in the event to share first-hand experiences from the corporate frontlines.
Additionally, Dennis Porter, who spearheaded the Bitcoin strategic reserve movement in the United States, will offer insights into Bitcoin’s expanding adoption at the corporate and governmental levels.
Highlighting real-world adoption
El Salvador’s Mi Primer Bitcoin and Bitcoin Beach—trailblazers in national Bitcoin integration—will lead a special session titled “El Salvador Bitcoin Adoption Showcase.”
The event will also welcome Bitcoin community leaders from around the world, including the United States, Australia, Hong Kong, Vietnam, and Indonesia, who will share firsthand experiences of community-driven Bitcoin adoption across different continents and regions.
The 2025 program will feature:
- Bitcoin Policy Summit: Seoul Edition — Insights into regulatory trends and Bitcoin-related public policy
- Bitcoin Finance Forum — addressing institutional investment, Bitcoin treasury management, and macroeconomic perspectives;
- Global Bitcoin Community Assembly — A global forum for Bitcoin grassroots and community leaders
In addition, attendees will be able to experience live Lightning Network payments at the on-site Lightning Market, showcasing Bitcoin’s real-world utility.
Event Structure:
- VIP Day (June 4): Exclusive sessions and a private reception for global executives and institutional participants
- Industry Day (June 5): Focused on enterprise use cases and strategic insights from publicly listed companies and institutional players.
- Public Day (June 6): Dedicated to Bitcoin finance, adoption stories, and infrastructure innovations, welcoming community members, builders, and enthusiasts.
As institutional interest in Bitcoin accelerates following the approval of spot Bitcoin ETFs in the United States, Bitcoin Seoul 2025 positions Seoul as a key node in the emerging global Bitcoin finance ecosystem.
Countries including South Korea, Japan, and Hong Kong are rapidly integrating Bitcoin-based financial products and treasury strategies — reflecting a broader shift in the global financial landscape. Bitcoin Seoul 2025 aims to capture this momentum and further elevate Seoul’s status as a leading hub for Bitcoin-driven innovation and dialogue.
This year, dozens of domestic and international companies are slated to sponsor the event. Among them is Bithumb, one of Korea’s leading cryptocurrency exchanges, recently ranked #1 in the Korea Exchange Brand Reputation Index, signaling strong market trust.
Ryan, the organizer of Bitcoin Seoul, commented: “Bitcoin Seoul 2025 will unite the global Bitcoin community, extending far beyond Asia to connect innovators worldwide. We are committed to creating a forum that integrates Bitcoin policy, finance, adoption, and community development.”
About Bitcoin Seoul
Bitcoin Seoul is the largest Bitcoin-only conference in Asia and serves as a central hub connecting the global and Asian Bitcoin ecosystems. The team is dedicated to creating key momentum for the sustainable growth of Bitcoin businesses and communities, while accelerating global Bitcoin adoption.
By providing a dynamic stage for innovation and collaboration, we aim to contribute to the mainstream adoption of Bitcoin. More than just a conference, their mission is to foster connection, expansion, and action within the Bitcoin ecosystem.
For more information on registration, sponsorship, or speaking opportunities, users can visit:
Contact
Event Manager
Sophia Park
Bitcoin Seoul 2025
contact@bitcoinseoul.kr