Latest news with #Reown
Coin Geek
30-07-2025
- Business
- Coin Geek
AI and payments are driving digital asset adoption: report
Getting your Trinity Audio player ready... A new report has identified artificial intelligence (AI) and payment use cases as the biggest drivers of digital asset adoption among retail consumers. The report, compiled by Reown and public opinion analytics company YouGov, leaned on the responses of 1,000 digital asset users in the United Kingdom and the United States. Per the report, digital asset adoption has risen steadily over the last 12 months, with 34% of respondents confirming active usage. While digital asset trading is the leading vertical in adoption, the report noted that 27% of respondents use digital currencies for payments. The joint study predicts that payments will leapfrog digital asset trading to become the leading adoption driver before the end of the decade. Currently, digital payments surpass decentralized finance (DeFi) applications like yield farming and staking, with the report predicting the gap to significantly increase within 24 months. Analysts say AI functionalities for digital asset users will smooth the curve for increased adoption. The joint study pointed to the perks of personalization, fraud detection, and improved customer support for a wholesome user experience. 'Payments bring real-world demand,' said Reown CEO Jess Houlgrave. 'AI improves the experience. We don't see one displacing the other.' Among decentralized applications (dApps), AI-themed projects are jostling with DeFi for dominance in the ecosystem, while AI job listings have leapfrogged distributed ledger technology (DLT) in recent months. Apart from AI, the wide acceptance of stablecoins is also driving metrics for payments. While a cross-section of respondents are turning to stablecoins to fight against the volatility of digital assets, others are adopting them for cross-border payments. 'On-chain payments are no longer an edge case,' said Houlgrave. 'From real-world remittances to stablecoin rails powering embedded finance, we're witnessing a shift.' Broader digital payment market to spike Experts have tipped digital payments to outperform alternative methods in the coming year, driven by government initiatives and changing consumer behaviors. One report predicts that U.S. digital payments will exceed $3.8 trillion in 2025, while Africa is forecasted to record volume exceeding $1.5 trillion by the end of the decade. In terms of demographics, Gen Alpha is leading the charge for digital payments, followed by Gen Zs and Millennials. Several countries have begun reducing the value-added tax (VAT) on digital transactions to stimulate e-payments and reduce reliance on cash. AI adoption triggers heightened internet growth in China Meanwhile, as China continues to extend its lead over its peers in the digitization race, experts say adopting AI is spurring internet growth. According to a report, the local internet ecosystem has recorded significant upticks since the start of the year, playing a key role in China's economic development. A group of experts highlighted the links between AI adoption and internet growth at the 2025 China Internet Conference. In one presentation by the Internet Society of China, AI adoption level in the Asian superpower has soared to nearly 250 million, representing 17% of the national population. Analysts disclosed that the surge is intricately tied to the perks of lowering operational costs and improving production efficiency. In the coming months, Chinese authorities have unveiled plans to extend the footprint in emerging technologies, turning their sights to novel information infrastructure for widespread integration. China's Vice Minister of Industry and Information Technology Zhang Yunming confirmed the government's plans to improve AI adoption across key economic sectors, particularly emerging industries. Chinese authorities are eyeing the prospects of key breakthroughs in pivotal internet-based sectors with 5G and 6G tipped to record a wave of AI-backed innovation. Furthermore, there are plans to pursue AI integration in quantum computing, quantum information, and Internet of Things (IoT) technology. Wu Hequan, a Chinese Academy of Engineering professor, revealed that AI use makes up 48% of all global internet traffic. While AI chatbots are leading the field, Hequan opined that AI agents capable of executing tasks will flip the reliance on large language models (LLMs). 360 Security Group estimated that the flippening can happen as early as 24 months, with employees embracing AI agents to increase productivity metrics. Amid the reliance on the internet, a report has tagged AI agents as the missing link in enterprise blockchain. China's AI industry explodes with activity Despite the U.S. embargo on selling high-level semiconductors to China, the Asian superpower has made impressive strides in the industry. After the green light from regulators, AI models are recording high utility in multiple sectors, including healthcare, education, finance, and automobiles. In early June, Baidu (NASDAQ: BIDU) turned to AI to improve its legacy search engine product amid increasing competition from chatbots. Chinese researchers have scored wins with the rollout of an AI-based nuclear warhead inspector and a platform to track global AI research, dubbed Supermind. In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data. Check out CoinGeek's coverage on this emerging tech to learn more why Enterprise blockchain will be the backbone of AI . Watch: AI is for 'augmenting' not replacing the workforce title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Yahoo
13-07-2025
- Business
- Yahoo
3 Ways Crypto Can Change How You Get Approved for Your Next Home
In the digital age, there are lots of factors to consider when buying a house, with one of them being relatively new and uncharted: cryptocurrencies. Bitcoin and other crypto have become highly popular over the last few years, as well as proven themselves to be highly volatile at the same time. So, if you have a significant amount of your finances invested in crypto and want to buy a house, how will it change your chances of getting approved? Check Out: Learn More: GOBankingRates asked several experts to weigh in on ways crypto can change approval odds for your next home. Here's what they had to say: 'This directive creates the rails for mainstream financial acceptance of crypto assets,' said Jess Houlgrave, CEO of digital wallet infrastructure provider Reown. 'For the first time, your bitcoin or stablecoin holdings could help you qualify for a mortgage — that's not just validation, it's infrastructure becoming reality. But the real impact goes beyond individual mortgages.' Houlgrave went on to explain that when government-sponsored enterprises start factoring crypto into lending decisions, it forces every part of the mortgage ecosystem to build the tools and processes needed to evaluate digital assets. I Asked ChatGPT To Explain Crypto Like I'm 12: When it comes to how crypto can be assessed within the scope of applying for a mortgage, the dos and don'ts are still unclear — as are laws, regulations and oversight due to the currency still being relatively new to so many lenders and buyers. 'We still don't know what the guidelines on this will be,' shared Jennifer Beeston, mortgage lender and housing/real estate expert. 'Will they treat all crypto coins the same? We don't know what the rules are going to be yet, so it's hard to understand risk. That's what Fannie and Feddie are doing. They are trying to figure out how to do this in a safe way while helping people get homes.' While there still remains a lot to be seen with how cryptocurrencies will operate in the future, they have opened pathways to homeownership that previously did not exist for a number of potential single-family mortgages, according to Joe Lackner, the founder of Coin Interest Rate. 'About 21% of U.S. adults — roughly 55 million people — own crypto, and around 10% of them hold over $100,000,' Lackner explained. 'Until now, these assets often had to be cashed out, often at the wrong time and with significant tax consequences, to count toward a mortgage application.' 'Stablecoins like USDC and USDT may be the ideal asset here,' Lackner went on to say. 'Unlike bitcoin or ethereum, there's significantly less volatility. That makes them more practical as proof-of-reserves when applying for a mortgage — borrowers aren't at risk of losing loan eligibility because of a sudden price drop.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The New Retirement Problem Boomers Are Facing The 10 Most Reliable SUVs of 2025 This article originally appeared on 3 Ways Crypto Can Change How You Get Approved for Your Next Home
Business Wire
25-06-2025
- Business
- Business Wire
BitGo Partners with Reown to Launch WalletConnect Integration to Deliver Seamless Institutional Access to DeFi
NEW YORK--(BUSINESS WIRE)--BitGo, the leading infrastructure provider of digital asset solutions, today announced the launch of its WalletConnect integration powered by Reown's WalletKit SDK, enabling institutions to securely access decentralized applications (dApps) and the broader DeFi ecosystem directly from BitGo's self-custody hot wallets 1. The integration enables direct access to DeFi, DAO governance, and trading protocols through a single, secure interface. It brings together BitGo's enterprise-grade security controls with Reown's fast, scalable connectivity layer. WalletConnect has powered over 300 million connections and 45 million users worldwide have trusted WalletConnect to power their onchain experience. 'Institutions have long been gated from participating in DeFi due to security, compliance, and infrastructure gaps,' said Chen Feng, CRO at BitGo. 'By integrating WalletKit, we're unlocking secure access to DeFi and beyond—staking, governance, liquidity protocols—all from BitGo's trusted wallet environment.' What You Can Do—All Directly From Your BitGo Self-Custody Wallet: Supply or borrow assets via leading DeFi protocols Vote in governance proposals across supported DAOs Access perpetual trading Swap tokens on AMMs like Uniswap These capabilities allow institutional clients to deploy capital, participate in protocol operations, and execute onchain strategies—all without leaving BitGo's custody framework. 'Institutions need more than access, they need control, clarity, and confidence when interacting with onchain protocols,' said Jess Houlgrave, CEO at Reown. 'This integration brings exactly that. WalletKit enables BitGo clients to connect directly to DeFi with built-in security and the experience users expect. It's a huge step toward making onchain finance usable at scale.' Why It Matters: No asset movement required: Interact with DeFi protocols while keeping assets in your self-custody BitGo wallet Maintain enterprise-grade security: All transactions are governed by BitGo's policy engine and access controls Streamlined experience: Secure, fast, and intuitive access to dApps through WalletConnect—without the need for custom integrations The integration is now live across BitGo's self-custody hot wallets and supports major EVM-compatible networks including Arbitrum, BNB Chain, Berachain, CoreDAO, Ethereum, Optimism, Polygon. Institutions can now interact with the decentralized economy directly from BitGo without compromising on compliance, security, or operational efficiency. Qualified custody wallet support is planned for rollout in the near future, enabling an even broader range of institutions to engage with DeFi under the most stringent regulatory frameworks. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About Reown Reown is the onchain UX platform and builder of the WalletConnect Network. Its products, AppKit and WalletKit, are designed for individuals and organizations building onchain products. Reown focuses on combining innovation with reliability and ease of use to enable builders to incorporate onchain features into their products, bringing the opportunities of the new internet to their communities.
