MELBOURNE, Australia, Dec. 12, 2024 /PRNewswire/ — GoodWe is pleased to announce the arrival of the ET G2 Series in Australia and New Zealand, a 6-15kW three-phase high-voltage hybrid inverter tailored to meet the evolving energy needs of modern households. The latest addition to GoodWe’s product portfolio has been thoughtfully designed to offer homeowners a reliable and efficient solution for increasing energy consumption. With expanded power options of 12kW and 15kW, the ET G2 delivers enhanced performance while blending seamlessly into residential settings with its sleek and modern design.

Built with flexibility in mind, the ET G2 comes equipped with 200% DC oversizing, 98.2% efficiency, and an inbuilt smart meter to simplify energy monitoring. Its advanced design includes up to three Maximum Power Point Trackers (MPPTs) to maximise energy generation in variable conditions. For households with growing energy demands, the inverter supports parallel connections of up to six units, providing scalability for future needs.

The ET G2 is tailored to address the specific requirements of Australian and New Zealand households, offering features like smart load control, 100% unbalanced output, and streamlined installation to provide both versatility and ease of use for homeowners and installers alike.

To further enhance energy storage capabilities, the ET G2 is fully compatible with GoodWe’s Lynx F G2 battery storage system, which has recently been approved by the Clean Energy Council (CEC). The Lynx F G2 now requires only two modules (6.4kWh) as a minimum, offering greater flexibility and efficiency for homeowners. With backup power activation in under 10 milliseconds, the Lynx F G2 ensures essential loads remain operational during outages. Its IP66 rating and scalable modular design make it a practical and durable solution for both residential and small business installations.

Dean Williamson, Country Manager at GoodWe Australia and New Zealand, commented:

“GoodWe offers the largest range of inverter products on the market, and the ET G2 now strengthens our growing range of energy storage solutions, from 6kW to 30kW three-phase systems with paralleling capabilities. The added flexibility of additional MPPTs ensures maximising roof space, while the inbuilt meter provides improved ease of installation and decreases both cost and installation time for installers onsite.

We look forward to 2025 when GoodWe will continue releasing more exciting new energy storage products for residential and commercial scale applications.”

Notes to editors:

About GoodWe:
GoodWe is a world-leading PV inverter and energy storage systems manufacturer listed on the Shanghai Stock Exchange (Stock Code: 688390). The company has more than 5000 employees located in 15 different countries and a team of over 1000 engineers working at its R&D centres to continuously optimise and advance energy storage technology.

GoodWe storage inverters were ranked in the top 3 globally by Wood Mackenzie in 2022, the company has been ranked 2nd for 3 consecutive years by Sunwiz and the most financially stable inverter company by BloombergNEF. Having achieved over seven consecutive TÜV Rheinland “All Quality Matters” awards and consistently being ranked at the top in terms of overall product quality, GoodWe’s comprehensive portfolio of products and solutions for residential, commercial, and utility-scale PV systems is guaranteed to deliver high performance and reliable quality across the board.

For more information, please visit www.goodwe.com.au     

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New 2025 Initiatives Include Token Upgrades, Fraxtal North Star Hard Fork, and Simplified Universal Interface to Drive Next Wave of DeFi Adoption

LAS VEGAS, Dec. 12, 2024 /PRNewswire/ — Frax Finance, a decentralized stablecoin cryptocurrency protocol, today announced its 2025 Vision Roadmap, a transformative strategy to advance its mission of becoming the decentralized central bank of crypto. The roadmap introduces a suite of groundbreaking updates, including token transitions, a network upgrade via the Fraxtal North Star Hard Fork, and a radically new Frax Universal Interface (FUI).

“DeFi is at a tipping point, ready for mass adoption, and Frax is positioned to lead this evolution with our high-performance Fraxtal blockchain and new stablecoin,” said Sam Kazemian, Founder of Frax Finance. “Our 2025 Vision Roadmap is a bold step toward creating the infrastructure that makes DeFi intuitive, accessible, and scalable for the next billion users entering crypto. Frax is not just keeping pace with the future of finance—it’s shaping it.”

KEY INITIATIVES

Frax Token Upgrades

Stablecoin Transition: Frax’s flagship stablecoin, FRAX, will rebrand to frxUSD, offering direct fiat redemption capabilities and enhanced integration with U.S. financial systems through partnerships like FinresPBC.
Governance Token Update: Frax Shares (FXS) will transition to FRAX, becoming the gas and staking token of Fraxtal, Frax’s sovereign L2 blockchain.

Fraxtal North Star Hard Fork

Real-Time Blocks: Ultra-fast block times to support high-throughput applications.
Tokenomics Evolution: FXS’s transition to FRAX will create new staking opportunities, including FRAX-backed bonds.

Frax Universal Interface (FUI) Redesign

Simplified Frax.com: New intuitive tools for borrowing, swapping, and sending within the Frax ecosystem.
Advanced Onramping: Halliday will provide global onramping for fiat-to-crypto transactions.
Optimized Routing: Odos Routing ensures efficient asset movement.

AI Integration

AI Tech Stack & Agent Ecosystem: Frax is developing the “AIVM” parallelized blockchain within Fraxtal powered by a new Proof of Inference consensus system. The AIVM tech stack allows AI agents deployed to the blockchain to become fully autonomous and sovereign with no single party in control of the agent — a world first. The AIVM and Proof of Inference mechanisms enable seamless blockchain-AI collaboration and are developed in partnership with IQ.

“Launching tokenized AI agents with IQ ATP on Fraxtal’s AIVM will be unlike any other launch platform thanks to this joint venture. Sovereign, on-chain agents that are owned by token holders is a 0 to 1 moment for crypto and AI,” said Cesar Rodriguez, CTO at IQ. “Frax’s tech combined with IQ’s Agent Tokenization Platform will make it a reality.”

Other developments for FUI include a Frax mobile wallet and AI-driven enhancements to further simplify interactions with the Frax ecosystem.

About Frax 
Frax aims to be the U.S. digital dollar, establishing itself as the world’s most innovative decentralized stablecoin and DeFi stablecoin infrastructure. The Frax stablecoin, a crypto collateralized stablecoin pegged to the U.S. dollar, is highly scalable, trustless, and ideologically pure on-chain money. Frax — founded by Sam Kazemian and Stephen Moore — is committed to stability, proven technology, expert governance, and regulatory clarity.

All registered trademarks and product identifiers belong to their respective corporate entities. Any other trademarks or product names referenced here are also owned exclusively by their relevant companies.

Frax Media Contact:
Gary Bird
FortyThree, Inc.
Frax@43pr.com
831.888.9011

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One in three scam victims will leave their current financial institution, underscoring the critical need for financial institutions to protect customers and maintain trust.

MUMBAI, India, Dec. 12, 2024 /PRNewswire/ — Authorized push payment (APP) scam losses in India reached INR 37,309 million in 2023 and are projected to grow at a 6% compound annual growth rate (CAGR) to reach INR 49,626 million by 2028, according to the latest Scamscope report from ACI Worldwide (NASDAQ: ACIW), a pioneer in global payments technology, in partnership with GlobalData, a leading data and analytics company. The report analysed APP scams across six leading real-time payment markets globally: U.S., U.K., India, Brazil, Australia and the UAE.

APP scams involve scammers tricking their victims into initiating a payment to a destination account under the scammer’s control. Scammers commonly pose as government officials or other trusted entities, deceiving victims into making payments. This trust-based manipulation makes APP scams particularly challenging to detect as the transaction appears legitimate and bypasses traditional fraud detection systems and controls.

According to the report, impersonation scams are the number one APP scam type in India and contribute to 21% of overall APP scams, followed by investment and advance payment scams. The report highlighted a 43% increase year-on-year in average scam values in 2023 as scammers shifted to more advanced impersonation scams involving larger sums. The rise of AI has also sparked a new era of scamming, enabling scammers to amplify inherited trust and automate precision attacks with sophistication and at scale.

India is making strides in combating APP scams with initiatives like the Sanchar Saathi portal, which empowers users to block unauthorized SIMs and report fraud. Although India is among the highest-risk markets for APP scams globally, it is taking proactive steps to tackle the issue more effectively than any other market included in the study, with the lowest 2023-2028 CAGR forecast for APP scams at 6% across all the markets analysed in the report.

However, the fight is far from over. India’s Unified Payments Interface (UPI) has driven significant digital payment adoption, but it also provides fertile ground for scammers, who exploit the immediacy of real-time transactions. APP scam losses over real-time payments reached INR 33,230 million in 2023, contributing to 89% of overall APP scam losses.

“As the world’s largest real-time payment market, India has revolutionized digital payments with UPI. Real-time payments offer unparalleled speed and convenience, and with robust security measures in place, they can be the most efficient and secure payment rails. By fostering cross-industry intelligence sharing and harnessing AI to predict and detect scams, India can set a new standard of trust in real-time payments,” said Santhosh Rao, Senior Vice President, Sales – MEASA, ACI Worldwide.

ACI’s Scamscope report advocates AI-driven fraud management systems to help analyse transaction data, flag anomalies and facilitate a coordinated cross-industry defence to share precise and collective intelligence in real-time. As UPI expands its footprint globally, India is in a strong position to showcase its leadership in real-time payments while setting a gold standard for security.

Country data at a glance:

APP scam losses in India (in INR)2023: 37,309 million2028: 49,626 million2023-2028 CAGR: 5.9%Real-time payment APP scam losses in India (in INR) 2023: 33,230 million2028: 43,937 million2023-2028 CAGR: 5.7%

About ACI Worldwide

ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.

© Copyright ACI Worldwide, Inc. 2024

ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay, and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries, or both. Other parties’ trademarks referenced are the property of their respective owners.

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