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OwlTing Expands Integration with MoneyGram for Global USDC Stablecoin On/Off-Ramp

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TAIPEI, Dec. 3, 2024 /PRNewswire/ — OwlTing Group (“Company”), a global blockchain fintech company, today announced that its unhosted digital wallet solution, OwlPay® Wallet Pro (the “Wallet”) has integrated with MoneyGram International Inc. (“MoneyGram”), a leading global fintech company that connects the world’s communities, to enhance the Wallet’s bankless on and off-ramp capabilities for seamless conversions between fiat currencies and USDC stablecoin.

Through this integration, OwlPay® Wallet Pro now offers its users the functionality to cash-in from local fiat currencies to USDC stablecoin in over 30 countries[1] globally across nearly 50,000 MoneyGram locations. The Wallet users will also be able to cash-out from USDC stablecoin to fiat currencies in over 170 countries at more than 375,000 MoneyGram locations. This integration is powered by MoneyGram Access™, the first-of-its-kind global on/off-ramp service for digital asset wallets.

OwlPay® Wallet Pro also welcomes a significant update. It has moved all individual wallets to the unhosted wallet model, allowing users most access to their passphrases. This enhances user security and accessibility. The updated Wallet is now available for iOS and Android on Apple’s App Store and Google Play Store.

The Company aims to address long-standing issues such as high fees, slow processing times, and limited access to traditional financial services of the cross-border remittance market and will play a vital role in providing a faster, secure, and cost-effective payment solution. While MoneyGram has reduced its average fee for traditional remittance customers to under 3%, paving the way to meet the United Nation’s 10.c target[2] to reduce the costs of migrant remittance transfers to less than 3%, the World Bank estimates the remittance industry’s global average cost to be 6.65%[3].

“We’re seeing a surge of evolving needs from businesses that utilize international payments and from immigrants that send money home to help support their loved ones,” said Darren Wang, Founder and CEO at OwlTing Group. “By integrating with MoneyGram, OwlTing will make our vision possible and better support the financial resilience in underbanked regions such as Latin America and Africa. We can enhance the utility of USDC stablecoin in helping our customers hedge volatile fiat currencies in those regions.”

“OwlTing’s approach to digital payments aligns perfectly with our mission to enable seamless and accessible financial services across borders,” said Jon Lira, Head of Partnerships at MoneyGram International Inc. “It’s been thrilling to see MoneyGram Access™ expand globally since its launch in June 2022 and enable impactful use cases across Ukraine, Colombia and more. Now, we believe OwlPay® Wallet Pro can grow exponentially through the MoneyGram network and become part of people’s daily lives.”

A Future for Bankless Payments Beyond Borders

According to third-party industry reports[4], the global remittance market was valued at $50 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2033, highlighting the rising demand for affordable and efficient cross-border payment solutions. OwlPay® Wallet Pro aims to allow immigrant workers to transfer USDC to recipients abroad without involving bank accounts. Their recipients can hold USDC digitally in their wallets to combat inflation and exchange them for cash through MoneyGram whenever they need it.

To provide users’ peace of mind in payment transactions, OwlTing has continued to make legal compliance a cornerstone of its operation strategy. The Company announced that it is now licensed in 29 U.S. states, including the recent acquisition of a Money Transmitter License (MTL) in Utah, and it also obtained the ISO/IEC 27001 certification, underscoring its commitment to minimizing cyber risks and safeguarding users’ data.

This announcement follows OwlTing Group’s integration of its digital wallet, OwlPay® Wallet Pro, with the Stellar blockchain[5] to support USDC stablecoin in August 2024. The partnership potentially expands OwlPay®’s reach to more than 8 million accounts on the Stellar network. Combined with the new integration with MoneyGram, OwlTing now offers a compliant and scalable payment platform in the broad ecosystem that serves both U.S. and global markets.

About MoneyGram International, Inc.

MoneyGram International, Inc. is a global financial technology company enabling consumers and businesses to move and manage money in nearly every country around the world. Through its innovative cross-border platform, MoneyGram provides millions of consumers globally the ability to send money home for family and friends to pick up in cash or receive directly to a bank account, mobile wallet or card. The Company is a pioneer in the use of blockchain technology at scale and also enables consumers to buy, sell and hold digital currencies on its industry-leading app. With one of the world’s most extensive and dynamic cash distribution networks, MoneyGram has become the single largest on and off-ramp provider for digital currencies in the world. The MoneyGram team spans the globe with over 2,000 employees across 36 countries, representing more than 75 nationalities. Headquartered in Dallas, Texas, and known for its strong corporate culture globally, MoneyGram has been named a recipient of the Top Workplaces USA award for three consecutive years. By the numbers, MoneyGram serves more than 50 million people in over 200 countries and territories each year, processing more than $200 billion USD annually. Relentlessly digital-first and customer-centric, the Company’s digital transactions now account for over 50% of its money transfer business.

About OwlPay® Wallet Pro

OwlPay® Wallet Pro is a blockchain-based unhosted digital wallet solution to empower enterprises and individuals, offering a fast setup for a U.S. state-licensed and secure multi-currency payment wallet for cross-border transactions. For more information, visit https://www.owlting.com/owlpay/wallets-as-a-service?lang=en.

About OwlTing Group

Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as “the Leading 3 Emerging Giants in Taiwan“. With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit https://www.owlting.com/portal/?lang=en.

[1] According to the MoneyGram Access™ Country List. Key countries include the U.S., Peru, Argentina, the Philippines, and many others.
[2] According to the United Nations SDG 10. Target 10.c indicates: By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent.
[3] According to the World Bank statistics. https://remittanceprices.worldbank.org/#:~:text=Globally%2C%20sending%20remittances%20costs%20an,2024%20report%20for%20further%20details.
[4] According to a research paper published by The Brainy Insights in 2024. https://www.thebrainyinsights.com/report/remittance-market-14254
[5] Stellar is an open-source network that connects the world’s financial infrastructure, supported by The Stellar Development Foundation (SDF), a U.S. non-profit organization.

 

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SOURCE OwlTing Group

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TVCMALL Leads Wholesale Innovation for Simplified Online Retail Business Success at CES 2025

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January 11, 2025

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — CES 2025, one of the largest tech events globally, concluded with over 4,000 exhibitors showcasing breakthroughs in AI, digital health, and mobility. TVCMALL, a leading one-stop B2B wholesaler, made its second consecutive appearance at the event, delivering comprehensive solutions and introducing a new brand, LEMONDA. With a focus on eco-friendly products and AI-driven accessories, TVCMALL is redefining the wholesale experience for global entrepreneurs.

Revolutionizing Wholesale with AI and Sustainability
TVCMALL is a one-stop platform offering over 1 million SKUs, including mobile accessories, smart tech, and consumer electronics. At CES 2025, the company presented a range of cutting-edge products, from biodegradable phone cases to AI-driven gadgets like Meta Quest 3 headbands, wireless chargers, power banks, and gaming accessories. As part of its innovative approach, TVCMALL launched LEMONDA, a lifestyle brand focused on sustainability. Featuring lightweight, corrosion-resistant resin smartwatch straps and eco-friendly packaging, LEMONDA aligns with the growing demand for green solutions in tech, further cementing TVCMALL’s commitment to a sustainable future.

Comprehensive Solutions for Retailers
TVCMALL simplifies sourcing with an extensive catalog and AI-powered ordering systems, allowing businesses to streamline purchasing and make data-driven decisions. With no minimum order quantity (MOQ) on most products and a flexible dropshipping service, TVCMALL supports businesses with customized solutions tailored to their needs. Whether through personalized packaging or exclusive designs, TVCMALL helps entrepreneurs enhance their brand visibility and stay competitive. The platform also integrates with Amazon and custom APIs for a seamless experience.

Commitment to Quality and Global Growth
TVCMALL is dedicated to helping entrepreneurs succeed in both established and emerging markets. By offering competitive prices, fast delivery, and in-depth market insights, TVCMALL empowers businesses to expand into regions like Europe, Southeast Asia, and Brazil. The company works with trusted partners like Dux Ducis, CaseMe, and Nillkin, ensuring the reliability and quality of its offerings. Additionally, TVCMALL provides value-added services like product photography, factory inspections, and certifications (CE, RoHS), assisting clients with smooth market entry.

“At TVCMALL, our vision is to build a more generous and thriving world,” said Leo Chen, Founder and Chairman of TVCMALL. “CES 2025 is not just an exhibition for us; it’s an opportunity to collaborate, innovate, and inspire a new era of retail and technology.”

For more information, please visit www.tvcmall.com or contact sales@tvcmall.com.

Photo – https://mma.prnewswire.com/media/2593486/TVCMALL_booth_layout_at_CES_2025.jpg

View original content:https://www.prnewswire.co.uk/news-releases/tvcmall-leads-wholesale-innovation-for-simplified-online-retail-business-success-at-ces-2025-302345615.html

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The green power trading electricity volume in Turfan has surged significantly in 2024

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January 11, 2025

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TURFAN, China, Jan. 11, 2025 /PRNewswire/ — On January 9, 2024, data released by Xinjiang Power Trading Centre Co., Ltd. indicated that the green power trading electricity volume in the Turfan region reached 0.97 billion kWh, representing a remarkable year-on-year increase of up to 14 times. This substantial growth underscores the region’s successful transition towards green energy.

State Grid Turfan Power Supply Company has taken proactive measures to expedite the development of the green power market. The company has facilitated the government’s introduction of a renewable energy consumption action plan, specifying new energy consumption ratios for key energy-consuming entities and establishing a market mechanism with a high proportion of new energy. These efforts have effectively promoted the “new energy participation in all trading varieties of the 24-hour curve” trading model and ensured continuous market opening on working days, thereby better accommodating the fluctuating characteristics of new energy output.

Furthermore, State Grid Turfan Power Supply Company established a green power certificate service station in Gaochang District, providing customers with convenient green power trading services and fostering a green consumption atmosphere throughout society. During the Autonomous Region Tourism Development Conference and the Turfan Grape Festival, the company achieved 100% green power supply and assisted three export-oriented enterprises in achieving low-carbon transformation, thereby enhancing the international influence of their brands.

Looking ahead, State Grid Turfan Power Supply Company will continue to implement measures to expand its “Power Supply + Energy Efficiency Bill” service, guiding society towards more efficient, economical, and environmentally friendly electricity usage, and contributing to the clean and low-carbon transformation of local energy resources.

View original content:https://www.prnewswire.com/apac/news-releases/the-green-power-trading-electricity-volume-in-turfan-has-surged-significantly-in-2024-302348525.html

SOURCE State Grid Turfan Power Supply Company

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Equipboard Unveils Sleek Redesign to Enhance Music Gear Discovery for Musicians Worldwide

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4 hours ago

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January 11, 2025

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Redesign Introduces Modern Features, Streamlined Navigation, and Richer Content to Inspire and Support Music Makers Globally

AUSTIN, Texas, Jan. 11, 2025 /PRNewswire-PRWeb/ — Equipboard, the leading online community for musicians and gear enthusiasts, announces the launch of its newly redesigned website. With a modern look, streamlined navigation, and powerful new features, the redesign sets a new standard for connecting artists, producers, and hobbyists with the tools they need to create music.

Since its inception in 2013, Equipboard has grown into the world’s largest database of music gear used by professionals and amateurs alike. The redesign reflects the platform’s commitment to fostering creativity, offering transparent information, and making gear discovery and purchasing easier and more enjoyable for its global user base.

What’s New?

Equipboard’s redesign is more than just a fresh coat of paint. It introduces a host of improvements aimed at elevating the way users explore, share, and connect over their favorite gear:

    Modernized Design: A sleek, responsive layout ensures a seamless experience across all devices, with improved readability and accessibility.    Enhanced Navigation: Faster, more intuitive browsing helps users discover gear, artists, and inspiration effortlessly. Whether searching for a guitarist’s pedalboard or a producer’s go-to synth, the information is now at their fingertips.    Richer Content: Equipboard now features in-depth guides, expert-curated collections, and a revamped artist gear section to inspire and inform users at all levels of their musical journey.    Personalized Experience: Registered users can now enjoy a more tailored interface, saving their favorite gear and creating wishlists for their next creative adventure.    Price Comparisons Across Leading Retailers: Equipboard helps musicians make informed decisions by comparing prices on music gear from top retailers, ensuring they get the best value for their investment.    Community-Focused Features: New tools make it easier for users to contribute to Equipboard’s ever-growing database, ensuring the platform remains the most trusted source for music gear information.

“Equipboard has always been about empowering musicians by connecting them with the tools and insights they need,” said Michael Pierce, Co-Founder. “This redesign reflects our commitment to innovation and community, creating an experience that’s as inspiring as the gear our users discover. From in-depth artist insights to real-time price comparisons, we’re excited to see how these improvements help musicians worldwide make better gear choices and create amazing music.”

About Equipboard

Equipboard is the ultimate online resource for musicians and gear enthusiasts. With a mission to provide transparent, community-driven information about the gear used by artists and professionals, Equipboard has become a trusted destination for millions of music creators. The platform also simplifies the buying process with its innovative price comparison tool, helping users find the best deals from leading retailers. From electric guitars to studio monitors, Equipboard’s extensive database helps users make informed decisions about their music-making journey.

The redesigned Equipboard is now live at https://equipboard.com, offering a fresh look and enhanced tools to support music creators in exploring the gear behind their favorite artists’ sound.

Media Contact

Michael Pierce, Equipboard, 888-888-8888, contact@equipboard.com, https://equipboard.com/

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SOURCE Equipboard

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