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Mapping Out 2024: Alchemy Pay Roadmap

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SINGAPORE, March 1, 2024 /PRNewswire/ — As we embark on a new year filled with promise, which kicked off on a high note by the BTC ETF approval and features upcoming milestones like ETH‘s Dencun Upgrade and the quadrennial Bitcoin halving, the stage is set for remarkable achievements, and we’re in for this thrilling year.

In 2024, our key priorities revolve around:

Advancing our ramp serviceEnhancing the crypto cardIntroducing the innovative Web3 bank accountSecuring essential regulatory licenses

In the exciting journey ahead, Alchemy Pay is ready to make a lasting impact. We’re steadfast in our dedication to growing payment options, investing in compliance for the future, and smoothly bringing millions into the dynamic world of cryptocurrency.

Enhanced Ramp Solution for Increased Scope

Achieving 100% Global Payment Coverage

As a leading global crypto payment service provider, our commitment extends to connecting fiat and crypto in every country that is accessible. We actively strive to expand our footprint, ensuring our services reach everyone across the globe.

With our existing coverage spanning 173 countries and regions, we are now poised to embark on a greater vision in 2024: Beyond traditional global payments like credit cards, we are determined to integrate local payments as an alternative for every country where crypto usage is non-restricted. That means, we aim to attain 100% complete coverage of local payments on a global scale, with plans to introduce 40+ new payment channels and methods to enhance our ramp service, including Revolut and N26 in the UK, Trustly in Europe, and multi local payment methods across Asia.

Localization stands as one of Alchemy Pay’s distinct advantages. While it presents its own set of challenges, our dedicated team is prepared to enhance payment capabilities, catering to global users, and making significant strides in onboarding the next millions of users. Our pursuit of this vision shows our commitment to providing inclusive and accessible crypto payment solutions worldwide.

Comprehensive Blockchain and Network Support

In our commitment to enhance services for business partners and enable their users to engage with Web3 projects through fiat-crypto transactions, our ramp solution will achieve universal blockchain support for ALL tokens.

Our aim is twofold – not only to provide users with a smooth and effortless experience in embracing cryptocurrencies but also to empower crypto entrepreneurs. This empowerment involves ensuring fair and equal access to financial capabilities within the dynamic landscape of the blockchain realm, fostering an environment of inclusivity and opportunity for all.

Upgraded Crypto Card: Popular Payment Methods, More Fiat Options

Officially launched in June 2023, our innovative crypto card was available on the Binance Marketplace through the “Crypto Card” mini app last December. The astounding success of attracting over 500,000 users within just six months underscores the growing demand for crypto cards and the daily use of crypto for spending.

In response to this growing demand, we are set to enhance the capabilities of our crypto card. This involves full compatibility with major card networks including Visa, Mastercard, American Express, Diners Club, JCB, and Discover. Additionally, our crypto card will integrate with popular digital payment platforms like Apple Pay, Google Pay, and Samsung Pay, allowing users to easily add the prepaid virtual card to their wallet apps for seamless transactions with these widely used digital payment methods .

Furthermore, the virtual crypto card is set for ongoing enhancements, with upcoming updates that will broaden its support to encompass additional fiat currencies like HKD and EUR. This ensures a flexible and user-friendly experience for our customers.

Innovative Web3 Digital Bank 

Alchemy Pay is collaborating with crypto-friendly banks in Europe to seamlessly integrate their account opening capabilities into our product. Upon obtaining the anticipated UK Authorised Payment Institution (API) license, we will be equipped to provide various services including remittance, payment processing, and the management of payment accounts.

This integration will allow individual users to directly open personal accounts denominated in EUR and USD through our platform. Furthermore, our innovative Web3 digital bank is geared towards Web3 companies, offering the option to open multi-currency accounts. What sets this apart is that users can easily convert between USD and EUR, multiple fiat currencies and crypto, such as EUR/USD and USDT/USDC, in real time, making it easier to navigate between the traditional financial world and the crypto world.

As a company rooted in payment capabilities, our aim extends beyond user-friendly ramp services. We aspire to offer banking services that match the depth of our business. Envision Alchemy Pay as a product harmonizing on-chain wallet services with real-world bank accounts—opening the door to limitless possibilities in a future where web2 and web3 seamlessly converge!

Regulatory Licenses for Enhanced Compliance and Security

In 2024, Alchemy Pay anticipates the submission and acquisition of over 20 licenses globally. This strategic move is aimed at facilitating the deployment of our products and services in a compliant manner across diverse countries and regions. Additionally, it provides a more secure payment experience for both users and partners while enhancing our competitive edge and reinforcing safeguards for a payment gateway in this industry.

Apart from the already planned locations like Hong Kong, the U.S., and the U.K., we are actively pursuing compliant certifications in additional regions such as Australia, South Korea, Singapore, and Europe, where a regulatory framework for the crypto asset market is on the horizon.

The list of licenses we plan to apply for and obtain is as follows: the Authorised Payment Institution License (API) in the UK, the Money Transmitter License (MTL) across various states in the US, the Money Service Operator License (MSO) in Hong Kong, the Virtual Asset Service Providers License (VASP) in Korea, the Digital Currency Exchange Providers License (DCEP) in Australia, and the Digital Payment Token License (DPT) in Singapore.

Moreover, we are diligently seeking compliance-related applications and approvals to align with latest regulatory standards and improve our crypto payment operations. This includes applying Information Security Management Systems (MIMS) in Korea, complying with Markets in Crypto-Assets Regulation in Europe, and adhering to Financial Service Standards Association (VQF) regulations in Switzerland.

Compliance holds significant importance for us, opening up a broader spectrum of business opportunities, reducing operating costs, and ensuring enhanced security in payments for our users. Our consistent emphasis on compliance underscores Alchemy Pay’s commitment to long-termism and active participation in the growth of the crypto industry. 

Stay Tuned for Our Big News

Not enough for these? In a whispering voice: We are making a bold move and launching another major initiative for the new year.

Designed for fiat-crypto payments and borderless finance, it’s poised to revolutionize the industry and rewrite the rules. Brace yourself for the upcoming game-changer in payments!

Concluding our roadmap for 2024, we affirm our dedication to bridging the global fiat and crypto economies. Our focus is on crafting pioneering solutions in crypto payments and pushing the limits of what is achievable. Get ready for a year of unstoppable impact and growth as we strive to bring Alchemy Pay’s vision to life!

Try Now
Try our On & Off-Ramp to buy and sell crypto and local fiat currencies today
https://ramp.alchemypay.org/

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SOURCE Alchemy Pay

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As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

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Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

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SOURCE Gig economy expert Ed Ryder

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

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NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web:  www.edelson-law.com 

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

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SOURCE Edelson Lechtzin LLP

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Earth’s pulse monitored: a review highlights remote sensing time series progress

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As urbanization accelerates and environmental dynamics shift, the need for accurate and timely terrestrial monitoring has never been more urgent. A review has introduced a novel approach to remote sensing time series analysis, integrating multi-source data to enable near real-time monitoring. This innovative methodology promises to transform environmental conservation and urban planning by providing unprecedented insights into terrestrial changes and offering a more precise understanding of environmental dynamics.

GUANGZHOU, China, Dec. 22, 2024 /PRNewswire-PRWeb/ — An international team of researchers from South China Normal University, the University of Connecticut, and the Chinese Academy of Sciences has made a significant breakthrough in remote sensing. Their review, published (DOI: 10.34133/remotesensing.0285) in the Journal of Remote Sensing on December 11, 2024, addresses key challenges in remote sensing, such as incomplete data and noise interference. The team’s new time series analysis technique leverages advanced data reconstruction and fusion methods, significantly enhancing the precision and efficiency of remote sensing for monitoring environmental changes.

The research team has developed an advanced time series analysis technique that combines deep learning algorithms with traditional remote sensing methods to integrate data from various remote sensing sources. This innovative approach allows for the extraction of subtle patterns from large, complex datasets, which is crucial for monitoring critical environmental parameters such as land use and vegetation health. Unlike conventional techniques that struggle with incomplete or noisy data, this new methodology offers enhanced accuracy and more reliable insights into terrestrial dynamics, paving the way for more effective environmental monitoring.

Central to the study’s success is the integration of Long Short-Term Memory (LSTM) networks and Generative Adversarial Networks (GANs) to address the challenges posed by missing or noisy data. The LSTM networks capture temporal trends over time, while the GANs generate synthetic data that mimics real-world observations to fill gaps and correct for atmospheric distortions. This dual approach has resulted in a cleaner, more accurate time series dataset, which was validated against independent ground truth measurements. The researchers demonstrated significant improvements in key vegetation indices, such as the Normalized Difference Vegetation Index (NDVI), setting a new benchmark in the field of remote sensing.

Experts in the field have lauded the study’s potential to revolutionize remote sensing applications. They see the method as a transformative tool for enhancing high-resolution monitoring and extending its coverage, particularly in agricultural surveillance, urban planning, and environmental management. “This method represents a crucial advancement in our ability to monitor environmental changes,” says Professor Fu. “As it evolves, it could play a key role in addressing climate change and other global challenges.”

The methodology’s future applications are vast, especially in global environmental monitoring and supporting sustainable development goals. By integrating multi-temporal data from Landsat and Sentinel-2 satellites, the team has created a framework for accurate and continuous terrestrial analysis. As computational power advances and algorithms improve, this technology is expected to become a vital tool for natural resource management, disaster response, and climate change mitigation. In the years to come, it could provide critical data to help policymakers address pressing environmental issues on a global scale.

References

DOI

10.34133/remotesensing.0285

Oiginal Source URL

https://doi.org/10.34133/remotesensing.0285

Funding information

This work was supported by the National Nature Science Foundation of China (grant numbers 42425001 and 42071399).

About Journal of Remote Sensing

The Journal of Remote Sensing, an online-only Open Access journal published in association with AIR-CAS, promotes the theory, science, and technology of remote sensing, as well as interdisciplinary research within earth and information science.

Media Contact

George Hua, Chuanlink Innovations, 1 8656606278, TranSpread1@gmail.com, http://chuanlink-innovations.com/

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SOURCE Journal of Remote Sensing

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