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- 16:04Lightspark launches Grid API for banks and developers, enabling real-time cross-border bitcoin paymentsJinse Finance reported that Lightspark has announced the launch of Grid API for banks and developers, supporting real-time cross-border payments with bitcoin. The Grid API can use bitcoin as an invisible settlement layer, enabling instant cross-border payments in 65 countries. This modular platform allows banks, wallets, and developers to transfer funds in real time between fiat currencies, stablecoins, and bitcoin.
- 16:04Voyage secures $3 million in Pre-Seed fundingOn October 16, AI infrastructure project Voyage announced the completion of a $3 million Pre-Seed funding round. Investors include a16z Speedrun, Alliance DAO, Solana Ventures, LECCA Ventures, IOSG VC, Big Brain VC, MH Ventures, GAM3GIRL VC, Y2Z Ventures, as well as Faracaster co-founder Varun Srin and former Uniswap executive Kuan Huang. Voyage aims to build the first "GEOFi (Generative Engine Optimization Finance)" network, establishing a fair distribution layer for the citation system of AI-generated content and rewarding genuine knowledge contributors.
- 16:04KPMG: Stablecoins Can Reduce Cross-Border Payment Costs by 99%Jinse Finance reported that accounting firm KPMG pointed out in its report that stablecoins are becoming one of the most prominent recent use cases for cross-border payment transformation. Stablecoins can reduce cross-border settlement times from several days to just a few seconds, while also lowering transaction costs by up to 99%. Currently, banks process about $150 trillion annually through slow and expensive correspondent banking networks, which tie up significant funds in nostro and vostro accounts. The report notes that pioneers such as JPMorgan and PayPal have already demonstrated a growing demand for blockchain-based payment channels.