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Crypto The project is finding it difficult to raise money for its upcoming venture. PayBito’s chief proposes incorporating standardization similar to TradFi’s.
Palo Alto, California, January 25, 2023 /PRNewswire-PRWeb/ — Investors are skeptical about cryptocurrencies. failed DeFi projects, stablecoin Several factors have contributed to this fear, including fallout, FTX, and the bankruptcy of Celsius. cipher Bleeding reduced the whole cipher More than half the market capitalization. His CEO of PayBito, Raj Chowdhury, expressed optimism about the future, but added: cipher Venture companies should be more transparent, implement stricter security protocols alongside TradFi, and maintain them over the long term.
In the midst of global protests around cipher Japanese financial regulators point to a lack of regulation as the root cause of the problem. cipher Regulation, and poor internal controls and governance.abandon the concept of cipherThey have prompted global regulators to address the cipher Much like the traditional banking and financial system, it will be more tightly controlled.
A PayBito representative affirms:Crypto Ventures must assure their customers with accountability, regular updates, regular audits, and transparent and practical solutions. ”
Chowdhury proposed a way to improve customer confidence in existing services. cipher Venture. His proposals include starting a decentralized, smart contract-powered insurance system that issues favorable payments to affected parties, similar to traditional financial systems. Improving the accessibility and user experience of DeFi projects also increases the security of client funds.
“Crypto managers need to understand that cipher The architecture is not designed to operate with a partial reserve like a traditional bank and should act accordingly,” said Chowdhury, who previously criticized the former FTX head. says. Sam Bankman-Fried Regarding serious mismanagement of investor assets.
Led by Chowdhury, PayBito digital asset exchange is based in the United States.As a white label, we continue to be the leader in technical research reports cipher We are an exchange provider and offer solutions in over 26 countries.The company further innovated and normalized access cipher The world’s first white label trading service cipher broker platform.
Cryptohas rapidly risen to mainstream relevance as technology has set new standards in transparency, real-time visibility, and business process optimization. However, it is absolutely essential to safely establish guarantees for the protection of investors’ assets, which can be achieved by absorbing TradFi’s specific objectives.
About Raj Chowdhury:
Raj Chowdhury is Managing Director of HashCash Consultants and Paybito. Raj pioneered the first interbank implementation of blockchain technology, his trade finance and remittances, between his two largest banks in the world. Raj is a prominent voice in blockchain, Cryptocurrency Reserve space and actively engage with policy makers in this area. He has written for The Times of Economics, The Business, The World, and CNNMoney, advising industry leaders on blockchain adoption. He is a member of He Asha Silicon Valley, a non-profit organization dedicated to educating children in emerging countries. Author of the book The Dark Secret of the Silicon Valley, Raj is a blockchain investor and Cryptocurrency Active member of corporate and charitable organizations.
media contact
Coleen Facete, Hashcash Digest, +14159662907, coleen@hashcashdigest.info
source paybit
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