Lorenzo Protocol PriceBANK

Ultimate guide to bank deposits: A collection of tutorials | Bitget Support Center https://www.bitgetapp.com/support/articles/12560603823035 jdnd

Capital Controls begin in the EU - as I said a year ago we will see Financial Repression begin. Its beginning. Doesnt matter how much bank money you have you can only access fractions of it.

The author of "Rich Dad Poor Dad" said that people should stay away from "fake currencies" and turn to BTC, gold and silver Robert Kiyosaki, author of Rich Dad Poor Dad, once again called on Americans to abandon "fake money" and turn to assets such as Bitcoin, gold and silver. He cited the views of former Congressman Ron Paul and criticized the central bank's interest rate setting as "price manipulation", which brought about a dishonest monetary system, false data and harmful leadership, and was eroding people's wealth. Kiyosaki has long advocated the use of decentralized assets to hedge against inflation risks, and has predicted that Bitcoin will exceed $1 million by 2035. (Cointelegraph)

OBOL Coin’s Impact on Emerging Markets: A Catalyst for Financial Inclusion and Economic Growth $OBOL Emerging markets represent a vast and often untapped potential for economic development. However, they also face significant challenges, including limited access to financial services, high transaction costs, and lack of transparency in economic activities. Cryptocurrencies, with their decentralized and inclusive nature, have become a promising solution to these issues. Among these, OBOL Coin stands out for its focus on sustainability, scalability, and community-driven governance, making it uniquely positioned to transform emerging markets. This article explores how OBOL Coin impacts emerging economies, driving financial inclusion, fostering innovation, and empowering individuals and businesses to participate in the global digital economy. ⸻ 1. Financial Inclusion for the Unbanked One of the most significant barriers in emerging markets is the lack of access to traditional banking systems. According to the World Bank, around 1.4 billion adults globally remain unbanked, with the majority residing in emerging economies. OBOL Coin can play a pivotal role in addressing this issue by offering an alternative financial infrastructure. How OBOL Coin Helps: • Borderless Transactions: OBOL Coin allows users to send and receive money without the need for a bank account, enabling financial participation for millions of unbanked individuals. • Lower Costs: Traditional remittance services often charge exorbitant fees. OBOL Coin’s low transaction costs make it an affordable option for cross-border payments. • Mobile Accessibility: With mobile penetration increasing in emerging markets, OBOL-based wallets enable users to access financial services directly from their smartphones. Real-World Impact: • Rural entrepreneurs can receive payments from customers or investors globally. • Families can send remittances more efficiently, avoiding costly middlemen. ⸻ 2. Reducing Barriers for Small Businesses Small and medium-sized enterprises (SMEs) are the backbone of many emerging economies but often face significant hurdles such as limited access to credit, high fees, and complex payment systems. OBOL Coin provides a decentralized, transparent, and efficient platform that helps overcome these challenges. How OBOL Coin Helps: • Access to Capital: Entrepreneurs can use OBOL’s ecosystem to crowdfund or receive microloans through decentralized finance (DeFi) platforms built on its network. • Transparent Transactions: Blockchain technology ensures that payments are traceable, reducing the risk of fraud and building trust between businesses and customers. • Smart Contracts: Businesses can automate processes such as payment settlements, supply chain tracking, and contractual obligations. Real-World Impact: • A small manufacturer in Africa can use OBOL Coin to source raw materials transparently and securely. • Local merchants in Asia can accept OBOL as payment, expanding their customer base to global markets. ⸻ 3. Empowering Local Economies Cryptocurrencies like OBOL Coin can empower local economies by providing a digital asset that is immune to hyperinflation or currency devaluation—issues that plague many emerging markets. OBOL’s decentralized nature ensures that no single entity can manipulate its value. How OBOL Coin Helps: • Stable Economic Activity: Users can hold OBOL as a hedge against inflation, preserving their purchasing power. • Decentralized Finance (DeFi): OBOL’s DeFi ecosystem allows individuals to earn passive income through staking, lending, or liquidity provision, contributing to local economic growth. Real-World Impact: • In Venezuela, where hyperinflation is rampant, individuals can save in OBOL instead of the unstable local currency. • Communities in South Asia can use OBOL staking rewards to fund local development projects. ⸻ 4. Enabling Transparent Governance Corruption and lack of transparency often hinder progress in emerging markets. OBOL Coin’s blockchain technology offers a transparent and immutable ledger that can be used for various applications beyond financial transactions, such as governance, voting, and public fund management. How OBOL Coin Helps: • Decentralized Governance: OBOL’s community-driven model allows individuals to participate in decision-making, ensuring accountability and inclusivity. • Public Fund Tracking: Blockchain technology can track the use of public funds, reducing corruption and ensuring that resources reach their intended recipients. Real-World Impact: • Local governments can implement OBOL-based systems for transparent allocation of development funds. • Grassroots organizations can use OBOL’s governance tools to empower communities and drive social change. ⸻ 5. Promoting Innovation and Technological Adoption Emerging markets are often seen as fertile ground for technological adoption due to their lack of entrenched legacy systems. OBOL Coin provides a platform for innovation, allowing developers, entrepreneurs, and technologists to create solutions tailored to local needs. How OBOL Coin Helps: • Developer-Friendly Ecosystem: OBOL’s compatibility with Solidity and its scalable infrastructure make it an ideal platform for building decentralized applications (dApps). • Incentivized Participation: OBOL’s staking and reward mechanisms encourage developers to contribute to the ecosystem. Real-World Impact: • Startups in Latin America can create localized dApps for supply chain management or microfinance. • Innovators in Africa can use OBOL’s smart contract platform to develop agricultural or educational tools. ⸻ 6. Overcoming Challenges in Emerging Markets Despite its potential, there are challenges to OBOL Coin adoption in emerging markets, including regulatory hurdles, technological literacy, and infrastructure limitations. However, OBOL is actively addressing these challenges: Regulatory Hurdles: • OBOL Coin’s decentralized governance model ensures compliance with global standards while promoting local autonomy. • Collaborative efforts with governments and institutions help align OBOL’s operations with local regulations. Technological Literacy: • OBOL provides educational resources and workshops to teach individuals how to use its ecosystem effectively. • User-friendly interfaces and mobile accessibility simplify onboarding for non-technical users. Infrastructure Limitations: • OBOL’s energy-efficient PoS mechanism ensures that its network operates smoothly even in regions with limited electricity or internet connectivity. ⸻ 7. A Vision for the Future OBOL Coin’s focus on sustainability, security, and community-driven governance positions it as a transformative force in emerging markets. As adoption grows, OBOL has the potential to: • Bridge the gap between traditional and decentralized finance. • Empower individuals and businesses to participate in the global economy. • Drive sustainable development and innovation tailored to local needs. By prioritizing accessibility, inclusivity, and transparency, OBOL Coin is not just a financial tool but a catalyst for lasting change in emerging markets. ⸻ Conclusion Emerging markets are poised to benefit significantly from OBOL Coin’s innovative blockchain ecosystem. By addressing challenges such as financial exclusion, corruption, and lack of economic opportunities, OBOL Coin provides a pathway for individuals and businesses to thrive in a digital-first world. As OBOL continues to expand its reach and capabilities, it has the potential to unlock unprecedented opportunities for economic growth, social empowerment, and technological advancement in the regions that need it most. The future of OBOL Coin and emerging markets is one of mutual growth and shared prosperity.

The new stablecoin bill GENIUS requires Tether to accept US jurisdiction regardless of its place of registration On Thursday, the Senate failed to push the newly revised stablecoin GENIUS Act into the formal debate process, and some members said they had not seen the text of the bill before voting. The latest version obtained by the media on Friday showed that the biggest revision is that as long as they serve American users, foreign issuers such as Tether will be subject to US jurisdiction regardless of where they are registered. In addition, the core changes of the new version of the GENIUS Act include: 1. Reconstruction of jurisdiction: Adding a new "extraterritorial application" clause requires overseas issuers to comply if they are facing US users (this move will end Tether's regulatory ambiguity. Combined with the clause that allows the expansion of reserve asset types, it further highlights the bill's inclination towards this company, which claims to be the "seventh largest holder of US Treasury bonds"). 2. Expansion of the definition of service providers: Including developers, verification nodes, self-hosted wallets, etc. into "digital asset service providers" has triggered new disputes over whether DeFi protocols need to comply with the Bank Secrecy Act and anti-money laundering regulations, and stipulates that the use of unauthorized stablecoins (such as decentralized stablecoins) must be held accountable. 3. Safe Harbor Clause: Authorizes the Secretary of the Treasury to provide regulatory flexibility for small/experimental projects, but allows unilateral action in "emergency situations" (criticized for excessive executive power). Currently, the bill is only supported by the Republicans, and it may be difficult to pass if it fails to win the support of the Democrats. Industry insiders expect that the Senate may initiate another debate motion before the end of the month.