kamiPay on Polygon Revolutionizes Cross-Border Payments Between Brazil and Argentina
kamiPay on Polygon Revolutionizes Cross-Border Payments Between Brazil and Argentina
馃捀 Banks Hate This Payment Hack
kamiPay, built on Polygon, is transforming cross-border payments between Brazil and Argentina through integration with their central banks' real-time payment systems (Pix and Transferencias 3.0).
Key metrics since June 2023 launch:
- $240M+ in transactions (January 2024)
- 9M transactions averaging $28 USD
- Argentinians spending $8.5M daily via Pix in Brazil
The platform enables:
- Instant payments in local currencies (reais/pesos)
- Transparent exchange rates
- Zero waiting time for merchants
- No international payment fees
This practical implementation demonstrates how blockchain technology can make payments more accessible and cost-effective compared to traditional banking systems.
Spotlight: @kamipay_io Cross-border payments are one of the strongest and most practical use cases for crypto. Take kamiPay, making life easier for tourists and merchants鈥揷reating seamless, instant and transparent payments by eliminating intermediaries.
Net Gala Event Announcement
The Net Gala event is scheduled for tonight, May 3rd, 2025. This marks a significant gathering in the web3 space, following previous successful iterations in May 2024 and December 2024. - Event Date: May 3rd, 2025 - Time: Evening (specific time TBA) - Previous Events: May 2024, December 2024 *Join us for an evening of networking and innovation.* For event details and registration, stay tuned to official channels.
Morpho Lite Launches on Polygon with Multi-Chain Strategy
Morpho Labs has launched Morpho Lite, a streamlined DeFi application now live on Polygon. The open-source platform offers essential features: - Basic lending and borrowing capabilities - Reward viewing and claiming via Merkl - Multi-chain deployment support The minimal interface supports operations on Polygon, Optimism, Worldcoin, and other networks. This launch follows recent integrations with Compound's vaults and institutional-grade RWA strategies on Polygon. Links: - [GitHub Repository](https://github.com/morpho-org/morpho-lite-apps/tree/main/apps/lite) - [Official Documentation](https://morpho.org/blog/introducing-morpho-lite/) - [Live Platform](http://lite.morpho.org)
DePIN Builders Advance to Phase 2 with $500K Grant Pool
Eleven projects in the Decentralized Physical Infrastructure Networks (DePIN) space have successfully advanced to Phase 2 of a major development initiative. The selected builders will share a substantial grant pool of $500,000, aimed at: - Accelerating real-world adoption of DePIN technology - Supporting innovative infrastructure solutions - Fostering sustainable project development This milestone represents a significant step forward in bridging the gap between decentralized networks and physical infrastructure applications. *Projects will use funding to enhance their solutions and scale operations.*
OKX Launches X Layer with AggLayer Integration
OKX has launched X Layer, a ZK-powered L2 solution built with Polygon CDK, now live on mainnet and integrated with AggLayer. This development brings crypto accessibility to 100M+ users with practical self-custody features. Key features: - EVM-compatible environment for developers - Cross-chain transactions without bridging - OKB as native gas token - Unified liquidity and state management The integration enables seamless scaling and connects users across multiple chains, while maintaining sovereignty by design. Multiple infrastructure providers and dApps are already integrated into the ecosystem. *Technical Implementation*: - Built on Polygon CDK - ZK-powered architecture - AggLayer connectivity - Unified liquidity pools [Learn more about X Layer](https://go.polygon.technology/3JphFNy)
Tether Launches Asset Tokenization Platform Hadron on Polygon
Tether has announced Hadron, a new platform for asset tokenization built on the Polygon network. The platform aims to bridge traditional finance with blockchain technology. - Hadron will enable tokenization of real-world assets - Built on Polygon's infrastructure for scalability and low fees - Partnership represents significant step toward mainstream blockchain adoption This development aligns with Tether's broader vision of bringing financial services onchain. The platform promises to make asset tokenization more accessible while maintaining security and compliance standards. *Integration expected to launch in Q2 2025*