Tag: exchange

Ireland Opens Markets at the London Stock Exchange

Ireland’s Minister for Financial Services Robert Troy, today became the first Irish government minister to open markets at the London Stock Exchange (LSE), marking Ireland Day and the growing innovation partnership between the UK and Ireland’s financial services sectors.

Hosted by Enterprise Ireland – the Irish government’s trade and innovation agency and Europe’s third-most active VC investor in fintech – the event highlighted record investment, expansion and landmark acquisitions by Irish financial services and fintech firms in the UK, including Ireland’s Fexco Group’s acquisition of Sainsbury’s Travel money this year. The acquisition marks a major expansion for Fexco in the UK’s retail foreign exchange market. The deal announced during the summer, increases Fexco’s UK retail footprint to more than 460 locations, as well as introducing over 18 million Nectar members to Fexco’s travel money services.

Minister Robert Troy commented: “Ireland and the UK are indispensable partners in today’s financial services ecosystem. Sustained investment in Irish fintech and their growth and expansion in the UK, has played a pivotal role in shaping excellence across the City and the wider UK market. Today’s announcements demonstrate how Irish firms are not only investing at home but are also creating jobs and establishing a permanent presence in the UK, benefiting both the UK and Irish economies.”

Supported by nearly €1 billion in VC funding over the past five years, Enterprise Ireland-backed fintech companies are tackling critical industry challenges in compliance, data analytics, cybersecurity, risk management and digital transformation across the UK and global markets.

More than 200 Enterprise Ireland financial services and fintech clients are now active in the UK, investing, scaling and partnering with the country’s leading financial institutions. Today’s ceremony coincided with significant announcements from four Irish firms addressing pressing UK market needs:

•    Version 1, Ireland’s largest home-grown technology company, will mark its 30th anniversary in 2026 and continues to deliver on its major announcement of 1,000 UK AI-related jobs and a £40 million investment programme. Recently its collaboration with NatWest to embed responsible AI governance across the organisation won “Best Data Governance with AI Initiative” at the DataIQ awards.

•    Fenergo, the global leader in client lifecycle management, currently employ 35 people in the UK and will 10-15 new UK roles over the next year.

•    CWSI, a leading Irish cyber security provider today announced a strategic partnership with Bristol based Changing Social, an AI Workplace Transformation consultancy. The collaboration is expected to generate revenues in excess of $40m in the next 24 months across Licencing, Consultancy and Associated Services. Together, the two Microsoft partners will help organisations unlock the productivity and innovation potential of Microsoft Copilot and other AI-driven technologies without compromising on security, compliance, or control.

•    Clear Strategy, a leading Irish data and AI consultancy, is expanding from 34 to 50 specialists in the coming quarter as it grows its UK presence and launches ‘Tempo’, its reference data management solution, into the UK market.

•    ID-Pal, the global leader in AI-powered identity verification, has unveiled the latest enhancements to its fraud detection feature, ID-Detect. Fresh off winning Biometric Authentication Innovation of the Year at the 2025 Payments Awards, ID-Detect’s authentication engine identifies signs of digital manipulation and the markers of AI-driven document fraud. Recent results include preventing fraud valued at +£3m for car-financing platform Finset.

Kevin Sherry, Executive Director, Enterprise Ireland, added: “The UK is Ireland’s largest country export market and a strategic priority for Irish tech, financial services and fintech companies. We are laser-focused on forging high-value business connections and supporting Irish firms to enter, scale and invest in the UK.

“The global financial industry faces a number of mounting pressures – regulatory complexity, escalating cyber and fraud risks, green compliance, data silos and AI bias. Irish firms are building world class customer solutions that are agile, scalable, and secure. They’re helping UK institutions navigate regulatory complexity, unlock new efficiencies, and stay competitive in a fast-moving landscape.”

Hosting the Irish delegation at the London Stock Exchange today, Dame Julia Hoggett, CEO of the London Stock Exchange said: “Today has been a historic day. We are delighted to have welcomed Minister Robert Troy, the first Irish government Minister to open our markets, alongside Enterprise Ireland and some of Ireland’s most innovative companies. This celebration reflects the long-standing and important ties between the financial services industries of the UK and Ireland.”

The UK market is the largest country export market for Enterprise Ireland backed client companies. In 2024, 29% of total client exports, valued at €10.52bn, went to the UK and representing a 4% increase on 2023. Tech, financial services and business services exports to the UK accounted for €1.2 billion in 2024, with tech increasing by 12% and fintech increasing by 5% on the previous year.

Ireland Day at the London Stock Exchange will conclude with a dinner reception at the Irish Embassy in London, hosted by the Ambassador to Great Britain, Martin Fraser, attended by close to 100 senior leaders from across the UK and Ireland’s financial services industry.

Irish companies participating in Ireland Day at the London Stock Exchange, included: Binarii Labs, Clear Strategy, CWSI, Daon, Fenergo, Fexco, Fund Recs, ID Pal, and Tines.

How to Transfer Money to Turkey: A Complete Guide

Transferring money overseas is at times a complex task, which they find mostly when they are sending their funds securely and quickly. If you are to transfer money from Germany to Turkey, KoronaPay has a fast, reliable, and user-friendly solution for you. They have a presence in over 50 countries in Europe and Asia, which enables KoronaPay to provide them the ability to send money within a few clicks; they support payment via card or cash. Get started by visiting KoronaPay’s Europe transfer page to begin your transfer.

Why Choose KoronaPay for Your Transfers?

KoronaPay has much to offer beyond what other money transfer services present to them. They are a full-scale payment system, which also has a mobile application component that they believe you will find very efficient and secure.

Key Benefits:

  • Wide Coverage: KoronaPay has a presence in over 50 countries, which include EU and EEA members, CIS, and Southeast Asian countries, which in turn makes it a great option for international money transfer.
  • Flexible Payment Options: You may pay with a bank card, which is the most convenient option; also, cash works.
  • Fast Delivery: Almost instantly the majority of transfers are processed, which in turn sees your recipients get their money right away.
  • User-Friendly Interface: Both on the KoronaPay website and in their mobile app, they have gone with a simple design that any user can navigate and use to do a transfer.

Step-by-Step Guide to Transfer Money from Germany to Turkey

Transferring money to Turkey via KoronaPay is also very easy. You can choose between card or cash, and either way, they’ve made the process of international transfer a breeze.

Step 1: Create an Account

Before you send money out, you must set up a KoronaPay account. The process is easy; just put in your basic info like your name, email, phone number, and so on. Once verified, that’s it; your account is ready to go.

Step 2: Choose the Amount and Destination

Upon login, select Turkey as your destination and input the amount you would like to transfer. The system puts forth the exchange rate along with any charges, which in turn helps them to determine the total cost exactly.

Step 3: Select a Payment Method

KoronaPay has many payment options at your disposal. You can use your bank card or drop off cash at an authorized KoronaPay agent. More on card payments here or cash transfers here.

Step 4: Enter Recipient Details

Provide them with the recipient’s info, which includes their name and preferred delivery method (bank account or cash pickup). Also do a check of this info to make sure the money goes to the right person.

Step 5: Confirm and Send

Review your transfer info, go over the payment details, and submit. You will receive a confirmation notice, which also will inform your recipient once the funds are available for withdrawal or deposit.

Card Transfers vs. Cash Transfers: Which One Does the Best?

Card Transfers

  • Using a card for payment is fast and easy.
  • They can process your transfer in real time, and in some cases they will credit your recipient’s bank account immediately.

Cash Transfers

  • If your recipient chooses cash, at KoronaPay they are able to pick up the money from local partner agents, which they have in Turkey.
  • This is also true in areas that have limited banking services.

Both methods are safe, and they have a large network of partners at KoronaPay, which sees to it that your money gets to you safely.

Understanding Transfer Fees and Exchange Rates

When you send money overseas, you can experience that your recipient does not get what you expect because of fees and exchange rates. At KoronaPay they are transparent with their pricing, which they present to you before you finalize the transfer. In this way you can see the cost up front and also avoid any surprise charges. Also, they at KoronaPay provide you with very competitive exchange rates that in many cases outdo what you would get from a traditional bank.

Benefits of KoronaPay for Transferring to Turkey.

  • Speed: Transfers are quick which in turn reduces wait time for recipients.
  • Security: Advanced secure and validation processes for your money.
  • Convenience: Through their mobile app and website you may manage all transfers.
  • Accessibility: With a wide range of pick up points and payment options they made it easy for their recipients.
  • Transparency: Fees and exchange rates made clear at the outset will ensure a smooth experience.

Tips for Smooth International Transfers

To make your transitions smooth try out these tips:

  • Before you send out any payment.
  • When it comes to large scale sends.
  • Track your transfer with the KoronaPay app for the latest info.
  • Familiarize with the local banking rules in Turkey for smooth withdrawals.

Conclusion

Sending money overseas is a simple process with them. If you are looking just before transfer money from Germany headed for Turkey in a secure, quick as well as reliable way, KoronaPay has the solution for you. They offer many payment options, fast processing times and a large network coverage which in turn makes your international transfers easy and stress free. Go to KoronaPay’s Europe transfer page today to get started and enjoy a smooth money-sending experience.

 

Irish Start-Up, Luxury Exchange, Bags Profit with Community Building & Circular Fashion

Luxury Exchange, an Irish start-up owned by Caitriona McGettigan and Cillian Moloney, recorded €1M in turnover last year and is on track to achieve €4M in turnover in 2025. Luxury Exchange is a curated collection of pre-loved designer handbags, clothing, and accessories; all at incredible value. The business started when Caitriona, an avid fashion lover, saw a gap in the market for the resale of luxury items in a more affordable way.

The community focused strategy that has been employed by the young couple and business partners has seen the business build a hugely loyal online customer base. To date Luxury Exchange has maximised the Instagram broadcast channel to sell to customers with a fresh, community focused approach.

The owners of Luxury Exchange saw an opportunity to disrupt the luxury resale market in Ireland. The online, socially driven model has allowed the business to sell preloved items for between 10-20% less than the market average, attracting a slew of loyal customers.

For the first time ever, and as a natural step in growth and business progression, Luxury Exchange will be holding its first in-person pop-up. The Cork based business will pop-up in the capital from May 22nd to May 25th 2025. A curated collection will be on offer for new and loyal customers alike at Studio 10 on Dublin’s Wicklow Street for four days, as demand is expected to be high.

Luxury Exchange resells luxury designer goods from well-known brands such as Louis Vuitton, Chanel, Dior and more. All the preloved items are authenticated with leading software, Entrupy. In the past year alone, Luxury Exchange has substantially grown. For example in March 2024, they brand secured approximately 30,000 impressions on Instagram vs 3M in 2025. Customer satisfaction and quality of offering is evident by the business’s repeat customer rate of 88%.

Caitriona McGettigan, Founder of Luxury Exchange, says “I started Luxury Exchange having noticed a growing appetite from customers to resell luxury goods. I’ve always had a love for luxury fashion, especially when it came at a great deal. The concept of resale always appealed to me. I noticed a pattern during my time as a visual merchandiser for Zadig & Voltaire. So many customers would tell me they felt guilty buying something new when they already had beautiful pieces at home they hadn’t worn or had only worn once, but felt they were too valuable to simply give away. I remember thinking that I’d love to buy those pieces from them. In many ways, I was my own first customer.

Our approach has given us the opportunity to create friendly luxury, in every sense. Our items are more affordable and we sell to our community of customers directly, often through live broadcasts on social platforms. Everything about Luxury Exchange is personal. We are building lasting relationships with customers and that is a testament to the growth we have experienced.”

Cillian Moloney, Co-Founder & Director of Luxury Exchange, says “My background is in business development and sales leadership, which has been beneficial to the growth of Luxury Exchange. The business started as a hobby for Caitriona during the pandemic, but it was clear to see early on that demand was high. Our consummate customer service is a huge part of the success to date as we have built up a community of shoppers that appreciate the offering and our approach to convenient, trusted commerce. The Luxury Exchange edit is carefully curated to meet the needs of our customers.

Taking something that started as a lockdown hobby and growing it to a business with global appeal has been incredible. To date we have sold to customers in over 30 countries. We’re excited to meet our customers  in person for the first time at the pop-up and maintain the growth trajectory of Luxury Exchange by continuing to maximise digital tools and offering unparalleled value and service.”

How Automation is Shaping the Future of Enterprise Procurement

Enterprise procurement transforms automation, driving speed, efficiency, and cost savings. This is a handy tool for companies sourcing and buying; it saves time and money. Automation revolution presents the axiom trade platform and how it supports consumers during the transition.

Why Automation Matters in Procurement

Conventional procurement includes manual activities such as finding suppliers, negotiating contracts, and placing orders. These processes are time-consuming and error-prone, creating delays and increasing costs. 

Automation makes those tasks more efficient by replacing manual effort with software that can do things automatically at high speeds. That is good news for businesses as it translates to reduced operational expenses and swifter response from supply chains. 

According to a recent survey, 70% of procurement leaders are frustrated with a lack of visibility and manual processes and would like a more automated solution. Automation technologies, such as the Axiom Exchanges platform, can help resolve these problems in a user-friendly manner, ensuring procurement requirements are under control.

Axiom Exchange Platform

The Axiom Exchange is an AI-enabled marketplace for enterprise procurement. It automates tail spend, the small, frequent purchases that can be difficult to track. It combines sourcing, catalog management, and supplier collaboration in a single solution, simplifying the use of multiple tools. 

Businesses can create a controlled atmosphere for the buying of goods and services, making sure they are compliant, and purchases are efficient. This centralized method saves time and costs by up to 50% in some situations, which is a valuable resource for any business, large or small.

How to Use Axiom Exchange

Using Axiom Exchange is easy, even if you’ve never done programmed procurement. Here it works: Companies join the platform and set up various procurement settings, including ideal suppliers and budget restrictions. 

The system subsequently permits the user to search through catalogs, request quotes, and place orders with minimal clicks. It’s guided buying software makes it easy to evaluate whatever you’re buying, with guidance on suppliers by cost or reliability. 

Axiom Exchange trading features offer real-time analytics and automated approvals so users can monitor spending and ensure orders align with company policies. Users also have a dashboard guide that helps them onboard step by step.

Axiom Exchange Review

User reviews praise the platform for its ease of use and speed. According to Axiom Exchange review information, businesses are delighted with the ease of automating their manual work and improving supplier management. 

Organizations speak of massive time savings; some even say that 90% of their indirect spend is automated. The platform integrates with other systems, such as ERP software, which allows for flexibility in industries like healthcare and retail. 

But some users report that advanced functionality has a learning curve, and that training is recommended for best use.

Is Axiom Exchange Secure?

Purchasing security is crucial, so the query “Is Axiom Exchange safe?” is common. The system is built on enterprise-level encryption and verified supplier security for data and transactions. 

Its non-custodial nature means merchants control their funds, minimizing risk. Additionally, adherence to industry standards and routine audits maintains its safety profile and has built trust among companies.

Final words

The future of enterprise procurement is automation, driven by tools like the Axiom Exchange. Their mission is to make businesses more competitive by automating repetitive tasks that help employees make better decisions while keeping information and assets safe. 

The consumers get faster services and reduced prices, and in return, the producers end up with an automated procurement business- a win-win for both.

Getting Your Token Listed: Basic Steps

As more and more people are becoming interested in cryptocurrency, the process of listing a token is becoming increasingly important for projects. This article provides a comprehensive guide on how to list token.

The Token Listing Process

Listing a token begins with understanding its classification and adhering to the regulatory frameworks governing its issuance and trade. Unlike coins, which typically represent a form of currency within their own blockchain, tokens are issued on existing blockchains. They can serve a variety of functions, from granting holders access to services to representing shares in a company. How to list a token? Below are some important steps.

Step 1: Determine Whether Your Token is a Utility or Security

Here is the difference:

  • Utility token listing. Utility tokens, which provide users access to a future product or service, are not intended as investments; however, their regulatory landscape can still be complex. When planning to list a utility token, ensure that it is compliant with the legal standards in every jurisdiction where the token will be offered. This compliance is crucial to avoid future legal complications.
  • Security token requirements. Security tokens represent investment contracts where the holder is entitled to dividends or a share of the profit. Listing a security token involves stringent compliance with securities regulations, including registration or exemption filings, before the tokens can be legally sold. However, each jurisdiction may have different requirements for security tokens.

Step 2: Prepare Your Token for Listing and Token ICO

Before listing, projects typically conduct an initial coin offering (ICO). This process involves marketing the token to potential investors to provide funding. Here are some token ICO tips:

  • prepare a clear and transparent whitepaper;
  • set up a professional website;
  • engage actively with the community across various social media platforms;
  • make sure that all promotional materials are truthful and not misleading to build trust and comply with advertising regulations.

Step 3: Select the Right Exchange

Consider factors such as the exchange’s reputation, user base, technical security measures, and regulation compliance. Some exchanges may have specific requirements for listing tokens, such as proof of concept, audits, or a certain number of active users.

Step 4: Fulfill Exchange Listing Requirements

Each exchange has its own token list criteria, including technical specifications, legal documentation, and marketing materials. Be prepared to meet these requirements and work closely with the exchange’s listing team to ensure a smooth process.

After successfully listing, continuous engagement with your token holders and maintaining compliance with all regulatory requirements are essential for ongoing success. Remember, a successful token listing is about more than just launching a market; it is also about sustaining growth and compliance in the long term.

Iconic Belfast and Dublin venues to host first ever Transatlantic Fintech Exchange

The Fintech Corridor and the American Transaction Processors Coalition (ATPC), are set to welcome around 100 delegates from across the globe to the first ever Transatlantic Fintech Exchange in iconic venues across Belfast and Dublin, on May 13-16, 2024.

Venues including the Guinness Storehouse, Belfast City Hall and Killeavy Castle will serve as historic backdrops for the conference.

It will see senior leaders from the finance and technology sector come together with government development agencies to drive collaboration across the Republic of Ireland, Northern Ireland and the US, share best practice and increase investment in the island of Ireland’s fintech industry.

Headline speakers include:

  • Karen O’Leary, Head of Payments and Securities at Central Bank of Ireland
  • Neale Richmond TD, Minister of State with responsibility for Financial Services, Credit Unions and Insurance
  • Conor Murphy MLA, Economy Minister
  • Paul O’Hare, Tech & Finance Lead, Google
  • Karl Hanlon, Chief Commercial Officer (CCO), FinTrU
  • Margaret Hearty, CEO, InterTradeIreland
  • Kieran Donoghue, CEO, Invest NI
  • Maeve Monaghan, CEO, NOW Group
  • Alison Donnelly, Director, Fscom
  • Richard Swales, Chief Risk and Compliance Officer, Paysafe
  • Stephen Groarke, Chief Financial Officer, Elavon/US Bank EMEA
  • Hartwig Gerhartinger, Global Head of Regulatory and Government Affairs, Paysafe

Key event themes are the future of payments, workforce development and the regulatory and legislative intersections between the EU, UK, and US. It’s designed to be an intimate event which will build real relationships and understanding in a focused group of fewer than 100 senior industry executives, government representatives, and academic institutions.

Hilary Moran, CEO of The Fintech Corridor, commented: “The island of Ireland is fast becoming a global centre for fintech. The distinctive blend of skilled individuals with experience in both technology and finance, coupled with proactive government support, has enabled a wave of startups to thrive and harness their potential in an exceedingly business-friendly atmosphere. The Transatlantic Fintech Exchange is designed to provide a forum to build connectivity across the UK, Europe and US and bolster investment in fintech across the island.”

ATPC Executive Director H. West Richards, commented: “This unique cross-border proposition connects US, EU, and UK fintech ecosystems and will help drive deeper understanding of opportunities in each governance. Brexit profoundly changed how EU and UK fintech companies interact with each other, and access to companies in both jurisdictions will enable us to work closely to develop common solutions and increase cooperation and opportunities on both sides of the Atlantic, especially as US regulators work on cybersecurity, data privacy and other critical issues.”

Belfast Lord Mayor Councillor Ryan Murphy said: “I am really looking forward to hosting the Transatlantic Fintech Exchange event at City Hall as it will help promote co-operation in the Fintech sector on both sides of the Atlantic and across the island of Ireland.

“It’s a valuable opportunity to showcase our growing Fintech industry in Belfast and along the Dublin Belfast Economic Corridor and to build partnerships with like-minded networks in the US. Belfast has a developing cluster of fintech businesses, and we have an excellent track record of inward investment. As a council, we’re building on that and raising the profile of Belfast internationally through co-operative events like the Transatlantic Fintech Exchange.”

“Belfast will be the final part of this week-long visit to Ireland and it’s fantastic to collaborate with The Fintech Corridor and our Dublin Belfast Economic Corridor partners, with meetings hosted in both Dublin and Newry. Together, we’re presenting a very attractive investment proposition.”

In welcoming the event, Minister Neale Richmond said: “Fintech and digital finance are of huge potential as we work towards the digital transition and this event is a fantastic opportunity to develop this work across our island. Fintech is a key priority of the Ireland for Finance strategy and so I am looking forward to welcoming delegates from the Fintech sector here in Ireland and abroad to keep up the momentum and strengthen our connections in this area across the island and indeed, across the globe.”

Co–Chair of the Dublin Belfast Economic Corridor (DBEC) partnership, Councillor Pete Byrne, Newry, Mourne and Down District Council, said: “This visit by representatives from the American Transaction Processors Coalition provides a platform to proudly showcase the entire Dublin to Belfast Economic Corridor including our strengths in tech, innovation, talent, education, cultural and excellent quality of life for those who live and work along the Corridor.”

Co–Chair of DBEC Councillor Adrian Henchy of Fingal County Council, commented: “This visit presents a welcome opportunity to celebrate the many very special connections we have with the US from diplomatic relations to investment, knowledge sharing, tourism, education, and cultural exchange.”

More conference details are available at www.atpcoalition.com

and www.thefintechcorridor.com

How to Buy and Sell HT on Huobi Global Exchange

Broadening your knowledge on cryptocurrency trends and trading strategies is crucial, and allin1bitcoins.com provides a comprehensive overview of the cryptocurrency market. This makes it a valuable resource for traders at all levels who wish to enhance their trading skills and market understanding.

Before we dive into the specifics of buying and selling HT on Huobi Global, it is important to understand what HT is and why it is valuable. HT, also known as Huobi Token, is a digital asset created by Huobi Group in 2018. It is a utility token used to access exclusive Huobi products and services, as well as to obtain discounts on trading fees. HT has a fixed supply of 500 million tokens and a deflationary mechanism that reduces its supply over time, increasing its scarcity and value.

Now, let’s get started with buying and selling HT on Huobi Global Exchange.

How to Buy HT on Huobi Global Exchange

Create an account on Huobi Global

The first step in buying HT on Huobi Global is to create an account on the exchange. Go to the Huobi Global website and click on the “Sign Up” button. You will be prompted to provide your email address and create a password.

Verify your account

Once you have created your account, you will need to verify your identity before you can start trading on Huobi Global. Click on the “Verification” tab and follow the instructions to complete the KYC (know your customer) verification process.

Deposit funds

After your account is verified, you can deposit funds into your Huobi Global account. Huobi Global supports a variety of deposit methods, including bank transfers, credit/debit cards, and cryptocurrencies. Choose the deposit method that works best for you and follow the instructions to complete the deposit.

Buy HT

Once your funds have been deposited, you can buy HT on Huobi Global. Navigate to the HT trading page and choose the trading pair that you want to use to buy HT. Huobi Global supports a variety of trading pairs, including HT/BTC, HT/ETH, and HT/USDT. Enter the amount of HT that you want to buy and click on the “Buy” button.

Congratulations! You have successfully bought HT on Huobi Global Exchange.

How to Sell HT on Huobi Global Exchange

Navigate to the HT trading page

To sell HT on Huobi Global, navigate to the HT trading page and choose the trading pair that you want to use to sell HT.

Choose the amount of HT to sell

Enter the amount of HT that you want to sell and click on the “Sell” button.

Confirm the transaction

Review the transaction details and confirm the sale. The funds from the sale will be deposited into your Huobi Global account.

Congratulations! You have successfully sold HT on Huobi Global Exchange.

Conclusion

In conclusion, Huobi Global Exchange provides a convenient and user-friendly platform for buying and selling HT. With its extensive range of trading options and exclusive products and services, users can easily navigate the world of cryptocurrency trading. By following the steps outlined in this article, you can confidently trade HT on Huobi Global Exchange and take advantage of its many benefits.

The Benefits of Cross-Chain Trading on a Gasless Crypto Exchange

In the fast-paced world of blockchain technology, cross-chain trading has become an increasingly important trend. Cross-chain trading refers to the ability to trade cryptocurrencies and digital assets across different blockchain networks. This allows users to access a wider range of assets and take advantage of new opportunities in the rapidly evolving blockchain ecosystem. A gasless crypto exchange can provide a number of benefits for users engaging in cross-chain trading.

What Is Cross-Chain Trading?

Before delving into the benefits of cross-chain trading on a gasless exchange, it’s important to understand what this actually is. In essence, cross-chain trading involves the exchange of one cryptocurrency for another across different blockchain networks. This means that users can trade digital assets on one blockchain network for digital assets on another blockchain network without the need for intermediaries or third-party exchanges. 

Cross-chain trading is made possible through the use of decentralized exchanges (DEXs) like mangata DEX, which allow users to swap one cryptocurrency for another in a peer-to-peer manner. Because of this, such platforms increasingly attract more and more users.

Benefits of Cross-Chain Trading on a Gasless Crypto Exchange

Gasless crypto exchanges can provide a number of benefits for users engaging in cross-chain trading. One of the main benefits of using such a platform is the ability to save on gas fees. They can be a significant burden for users engaging in high-frequency trading or those who frequently use decentralized applications (dApps). 

Gasless exchanges use off-chain solutions to process transactions and execute trades, which means that users can avoid the unpredictability and expense of gas fees. This can make cross-chain trading more cost-effective and accessible for a wider range of users.

Another benefit of using a gasless exchange is increased privacy and security. Traditional centralized platforms often require users to provide personal information, such as their name, address, and identification documents, to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. 

Gasless exchanges, on the other hand, do not require users to provide personal information, allowing them to trade with greater privacy and anonymity. This can be particularly important for those who are concerned about their privacy and security when engaging in cross-chain trading.

Additionally, gasless exchanges can be more accessible to a wider range of users. Traditional centralized exchanges can be difficult to use for those who are new to cryptocurrency or have limited technical knowledge. Gasless exchanges are designed to be user-friendly and easy to use, with simple interfaces and straightforward processes. This can make it easier for novice users to start engaging in cross-chain trading and interacting with the blockchain ecosystem.

Challenges of Cross-Chain Trading on a Gasless Crypto Exchange

While gasless exchanges offer a range of benefits for users engaging in cross-chain trading, they are not without their challenges. One of the main challenges is the limited selection of cryptocurrencies available to traders. Traditional centralized exchanges often offer a broader range of cryptocurrencies, allowing users to trade a more diverse range of assets. Gasless exchanges, on the other hand, may only support a limited selection of cryptocurrencies, which can be a limitation for some users.

Another challenge of using a gasless exchange for cross-chain trading is the potential for increased counterparty risk. Traditional centralized exchanges often act as intermediaries between buyers and sellers, providing a layer of protection and security for users. 

Gasless exchanges, on the other hand, rely on peer-to-peer transactions, which can increase the risk of fraud or other malicious activities. This is why it’s important to choose a reputable gasless exchange that has strong security measures in place to protect users’ funds and transactions.

Final Words

Cross-chain trading is a significant trend in the blockchain ecosystem, and gasless crypto exchanges can provide a range of benefits for users engaging in this activity. As the blockchain ecosystem continues to evolve, cross-chain trading is likely to become even more significant for users looking to access a wider range of digital assets and take advantage of new opportunities. 

Gasless exchanges are one of the many innovations driving this trend, offering users a new way to engage in cross-chain trading with greater convenience, security, and cost-effectiveness. If you’re interested in engaging in cross-chain trading on a gasless exchange, it’s important to do your research and choose a reputable platform with a strong track record of security and user satisfaction. 

Look for exchanges that have a wide selection of cryptocurrencies, strong security measures, and a user-friendly interface. By choosing the right gasless exchange for your needs, you can take advantage of the benefits of cross-chain trading while minimizing your costs and maximizing your returns.

 

The Innovation Exchange partners with RDI Hub to partner globally ambitious Kerry SMEs with large corporates

Skillnet Ireland has announced the partnership of The Innovation Exchange, with the RDI Hub (Research Development Innovation Hub) based in Killorglin, Co. Kerry.  The Innovation Exchange is Ireland’s innovation marketplace connecting large companies facing digital transformation challenges with technology companies that can fast-track the solution.

As the newest regional channel partner of The Innovation Exchange, the RDI Hub is a world-class centre for design-led, digital innovation located in Ireland’s South West.  It focuses on digitisation, ideation and commercialisation of innovation and research in the Digital, AI, Data and related technologies’ sectors. The RDI Hub is also part of the Fexco’s Innovation division and operates as a not-for-profit public-private partnership with Munster Technological University and Kerry County Council.

There are currently six companies signed up from Kerry; one corporate, Astellas, as well as five SMEs; Graphite Note, Quodos, Galarus, Salaso and Turtle Transformation. Cork-based, RDI hub member Perkforce is also signed up.

The initiative will allow globally ambitious tech SMEs located in Kerry the unique opportunity to pitch to, and collaborate with, large companies looking to access innovation as part of a diverse and curated community of startups and scaleups. As a part of this collaboration, the RDI Hub will bring both corporate entities and scale-up businesses situated in Kerry together as members of The Innovation Exchange, expanding its growing community.

Attending the launch, Norma Foley TD, Minister for Education and TD for Kerry, said: “Ambition in any field should be limitless, but for it to be limitless we must ensure that the right supports are in place. Today we launch The Innovation Exchange, an initiative of Skillnet Ireland. It gives an opportunity to provide a level of support which will be a catalyst for so many businesses to go further and to go beyond; there is great insight here, being provided by the experts. The spirit lauded by this new initiative and development is that together we can go further and further; limitless opportunity, limitless abilities being celebrated and given an opportunity to advance.”

Speaking at yesterday’s announcement, Paul Healy, Chief Executive, Skillnet Ireland said: “Today we see the Innovation Exchange developing its footprint in Kerry as part of our drive for a nationwide expansion of this successful programme. The Innovation Exchange is serving an important role in promoting innovation and economic growth in Ireland by building deep links between SMEs and large corporations, encouraging ideation and facilitating the development of new business projects between these sectors. We encourage local SMEs and larger companies with a presence in the South West to join the programme and take advantage of the many benefits it offers.” 

The aim of the Innovation Exchange is to establish a nationwide footprint by onboarding up to 10 regional channel partners throughout 2023. Earlier this year The Innovation Exchange announced its partnership with the Galway Technology Centre, which supports innovative, global trading companies in the ICT sector. The expansion of The Innovation Exchange, which currently has in excess of 350 participants, will offer even more SMEs access to the programme’s benefits, including an instant sales pipeline, market intelligence and the capability to sell to large companies

Conor Carmody, programme director of The Innovation Exchange commented on today’s news: “We are thrilled to be collaborating with RDI Hub, as we continue to bring our offering to SMEs and corporates across Ireland. Our main focus is to showcase the amazing talent and capabilities of the companies in the region, while also helping them to scale their businesses. We see this partnership with Skillnet Ireland as an opportunity to expand our network and leverage RDI Hub’s resources and expertise to support our members and drive their success.”

Liam Cronin, CEO of RDI, said: “The ethos at the RDI Hub is all about making connections for start-ups, scale-ups, SMEs, corporates, and enterprises to create, digitalise, innovate, and scale businesses for future economies. The Innovation Exchange is a perfect partnership for us as it supports the key focus of the RDI Hub   of creating new jobs, products, and services in the Southwest. This is a fantastic opportunity for agile companies to innovate and solve specific problems for large corporates, and for corporates to gain fresh perspectives on their business challenges.”

Bertie Murphy, Chief Strategy Officer Fexco and RDI Hub Board Director, said: “This new partnership between the RDI Hub and the Innovation Exchange creates a brilliant opportunity for innovation between SMEs and scaled businesses. This reinforces our vision at Fexco for the RDI Hub as a key enabler of innovation. We have already achieved success at the RDI Hub in creating an ecosystem that has generated exciting new technologies, services, and jobs. This announcement provides an opportunity for the RDI Hub to further build on that success and, in addition, facilitate the ability of SMEs to introduce innovative and transformative ideas and services to larger corporations in the region.” 

Skillnet Ireland has committed €5 million to fund The Innovation Exchange which is designed to address the barriers that exist for scaling companies when selling to large companies and multinationals. The programme will support over 1,000 companies between 2022-2025.

Scale-ups and corporates in the Kerry region are being encouraged by The Innovation Exchange to sign up at www.theinnovationexchange.ie.