Odogwu Herself

@idaraimeh

51 Following

59 Followers

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Delegators: Your Role Matters! Being @swisstronik- delegator isn't passive. Do your research, monitor your validator, and participate in governance! Your actions impact the network. #swisstronik #layer1 #SWTR

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35,000+ Strong on @swisstronik-‘s Testnet! Help @swisstronik- shape the future of our products and earn rewards in USDT, SWTR, and more! Join the Testnet today: link.swisstronik.com/wpt Learn more: link.swisstronik.com/rm3

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@lilita @crisssper @ette @chideradike @edirin What do you guys think about @swisstronik-‘s take on Compliance?

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US House passes Financial Technology Protection Act The United States House of Representatives recently passed the Financial Technology Protection Act, which aims to address the illicit use of digital assets. The bill, introduced by Representatives Zach Nunn and Jim Himes, seeks to establish a working group to research how rogue nations and criminals could use crypto to evade sanctions. The working group will include members from federal agencies and industry leaders from private firms. This bill is part of a series of crypto-related legislation being considered, and it is expected to be reviewed by the Senate. @swisstronik-‘s Take: This is a strong step towards addressing the misuse of digital assets. A proactive approach is what we need to ensure the crypto space is safe and secure and make it more trustworthy for all users.

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FINMA also explained how stablecoin issuers can operate without a banking license if they meet certain conditions, which includes having a bank guarantee in case of default. While these measures enhance depositor protection, they do not fully match the security of a banking license. @swisstronik-‘s Take: FINMA’s new guidelines for stablecoin issuers are stepping up the game for regulatory oversight. Measures that increase security and transparency while fostering innovation should be welcomed by everyone.

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FINMA proposes new guidelines for stablecoin issuers The Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers to increase regulatory oversight and reduce financial risks. They want to classify stablecoin issuers as financial intermediaries and subject them to the same Anti-Money Laundering (AML) obligations as traditional financial institutions.

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Despite the risks, stablecoins are seen as a potential alternative to local fiat currencies in these markets, driven by factors such as limited banking access, the need for efficient remittance services, and the desire to hedge against local currency instability. @swisstronik-‘s Take: The FSB’s warning about the risks of global stablecoins in emerging markets is something to take seriously. While stablecoins offer great potential, especially in regions with limited banking access, robust regulations are crucial.

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FSB warns about stablecoins in emerging markets The Financial Stability Board (FSB) has released a report warning about the risks and regulatory challenges associated with the increasing use of global stablecoins in emerging markets and developing economies. The report emphasizes the need for robust regulatory frameworks, cross-border regulatory cooperation, and local capacity building to manage and supervise stablecoin activities and protect financial stability in these regions.

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I’m excited to share @swisstronik-‘s take on Compliance around the world with the latest batch of policy: FSB warns about stablecoins in emerging markets FINMA proposes new guidelines for stablecoin issuers US House passes Financial Technology Protection Act

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Thinking Web2 to Web3? @swisstronik- can help! Their CPO breaks down how they make onboarding seamless in their latest Quick Take episode. Subscribe to their YouTube so you don’t miss the next episode https://link.swisstronik.com/w0y #Swisstronik #layer1 #SWTR

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If you’re tired of fake documents and identity theft, @swisstronik- SDI is the solution! Take control of your digital identity and protect your data. #swisstronik #layer1

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Earn while you build the future of privacy! @swisstronik-‘s Testnet 2.0 is live & open to everyone. Grab your share of SWTR & USDT rewards. No coding skills needed! Join now: link.swisstronik.com/cni #Swisstronik #Testnet #layer1

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@swisstronik- is on a mission to revolutionize digital identity and blockchain technology. Here's an infographics of the exciting solutions they're aiming to launch in 2024.

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@swisstronik-‘s Testnet 2.0 launches next week! It's your chance to play with upcoming features & win rewards in USDT & SWTR! Here's how to join: Interact with the Testnet Share your feedback Complete social media quests Follow @swisstronik- for the launch date! #Swisstronik #SWTR #layer1

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I found out late😪

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Stay tuned for more on how Swisstronik's products are shaping a secure and user-friendly blockchain experience! @chideradike @lilita @jnapier @iambeejahh @angy

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𝗔 𝗦𝗲𝗰𝘂𝗿𝗲 & 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝘁 𝗙𝘂𝘁𝘂𝗿𝗲 @swisstronik-‘s product suite is meticulously designed to create a user-centric, secure, and compliant blockchain ecosystem. With the Testnet blockchain, user-controlled SDI, and the all-encompassing Wallet, Swisstronik is well on its way to realizing its vision for the future of blockchain technology.

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𝗔 𝗨𝗻𝗶𝗳𝗶𝗲𝗱 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺: 𝗦𝘄𝗶𝘀𝘀𝘁𝗿𝗼𝗻𝗶𝗸 𝗪𝗮𝗹𝗹𝗲𝘁 (𝗦𝘂𝗽𝗲𝗿𝗔𝗽𝗽) @swisstronik- SuperApp aims to be a one-stop shop for managing assets, identities, and dApp access. Currently in development, the Wallet offers: 𝗡𝗼𝗻-𝗖𝘂𝘀𝘁𝗼𝗱𝗶𝗮𝗹 𝗪𝗮𝗹𝗹𝗲𝘁: Manage digital assets across Swisstronik, Cosmos, and other supported chains with complete control. 𝗱𝗔𝗽𝗽 𝗔𝗰𝗰𝗲𝘀𝘀: Seamlessly access dApps built on @swisstronik- and interoperable chains. 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗧𝗼𝗼𝗹𝘀: Participate in staking, governance, and delegation within the Swisstronik and Cosmos networks. The @swisstronik- Wallet is readily available for download on Android, iOS, or as a browser extension, catering to both new and experienced blockchain users.

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𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗨𝘀𝗲𝗿𝘀: 𝗦𝘄𝗶𝘀𝘀𝘁𝗿𝗼𝗻𝗶𝗸 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗜𝗱𝗲𝗻𝘁𝗶𝘁𝗶𝗲𝘀 (𝗦𝗗𝗜) 𝗕𝗲𝘁𝗮 @swisstronik- tackles cumbersome KYC processes with its Decentralized Identities (SDI) launched in Beta late 2023. SDI offers users complete control over their data: 𝗦𝗲𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲: Prove eligibility for a dApp without sharing unnecessary personal information. 𝗚𝗿𝗮𝗻𝘂𝗹𝗮𝗿 𝗔𝗰𝗰𝗲𝘀𝘀 𝗖𝗼𝗻𝘁𝗿𝗼𝗹: Only disclose specific data points required by law (e.g., age, residency). This streamlines KYC procedures while maintaining transparency. Swisstronik will delve deeper into the functionality and the key role of its decentralized network of data verifiers in future posts. The SDI Demo is currently available within the Swisstronik App for testing by select partners and developers.

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𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Integrations with solutions like Hyperlane and Rarimo allow developers to leverage functionalities across even more chains. This secure and interoperable foundation empowers developers to build privacy-preserving dApps poised for widespread adoption. Access to the @swisstronik- Blockchain Testnet is currently available for developers to test and build upon.

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