Latest news with #decentralization
Associated Press
3 days ago
- Business
- Associated Press
GMTech Inc. Announces the Launch of NEW WEB3 Smartphone
HONG KONG / ACCESS Newswire / May 30, 2025 / Shenggang Excellence Limited, a wholly-owned subsidiary of global technology giant GMTECH INC. (OTC Pink:GMTH), announced that it will once again launch a new generation of Web3 native smart terminals. This new model has achieved multiple breakthroughs based on the previous generation of technology and officially entered the next stage of decentralized smart terminals. The new device integrates three core modules: DePIN (decentralized Internet of Things), DID (on-chain identity), and edge AI computing, and for the first time realizes lightweight consensus operation and multi-chain ecological compatibility under the 'hardware as node' architecture. It supports native custody of on-chain assets, encrypted communication, distributed storage links and other functions, and is committed to creating a truly 'chain-born' user operating system. Compared with the first EARSON, this product has been comprehensively upgraded in terms of processor performance, node capacity, battery life and ecological compatibility, and will be officially launched in core markets such as Asia and the Middle East. Juan Yang, CEO of GMTECH INC., said: 'We believe that the launch of this product will not only significantly promote the popularization of Web3 smart terminals, but also inspire users around the world to have a new understanding of the decentralized ecological entrance. We have observed that the Web3 and DePIN tracks are developing rapidly, and according to third-party forecasts, their overall market value is expected to exceed 10 trillion Hong Kong dollars by 2030. In response, our goal is not only to launch a device, but also to open a portal to the next generation of the Internet.' Currently, Shenggang Excellence has established a deep cooperation framework with many leading public chains, distributed payment and storage projects, and is building a complete chain ecosystem around the terminal covering multiple scenarios such as wallets, security, payment, and social networking. Juan Yang further pointed out: 'This launch represents Shenggang Excellence's transformation from a 'smartphone manufacturer' to a 'decentralized ecological infrastructure builder', and is also another strategic leap achieved by its parent company GMTECH INC. in the field of smart hardware and blockchain integration. The launch of this product will further consolidate GMTECH INC.'s leading position in the next-generation Internet technology landscape and inject new growth momentum into its global technology market valuation system.' About GMTech Inc. GMTech Inc. is a technology company providing IT consulting services to clients and is also expanding its business to design and development of smartphone with WEB3 elements integrated through its wholly owned Hong Kong subsidiary, Shenggang Excellence Limited. Forward-Looking Statements This press release contains information about the Company's view of its future expectations, plans and prospects that constitute 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan,' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Forward-looking statements are neither historical facts nor assurances of future performance and reflect the current view about future events. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Therefore, you should not rely on any of these forward-looking statements. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. For more information, please contact: [email protected] SOURCE: GMTech Inc. press release
Entrepreneur
4 days ago
- Business
- Entrepreneur
Revolutionary Private Stablecoin Launches, Set to Transform the Future of Cryptocurrency and Financial Privacy
Unlike traditional stablecoins such as USDT or USDC, which rely heavily on centralized entities and transparent transactions, fUSD offers something radically different: complete transactional anonymity combined with stable value. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media. The cryptocurrency landscape recently underwent a seismic shift with the launch of Freedom Dollar (fUSD), the world's first fully private, decentralized stablecoin. Built on the innovative Zano blockchain, fUSD isn't just another stablecoin—it's a bold leap toward financial privacy and autonomy. Unlike traditional stablecoins such as USDT or USDC, which rely heavily on centralized entities and transparent transactions, fUSD offers something radically different: complete transactional anonymity combined with stable value. Freedom Dollar operates purely on decentralized cryptographic logic, upheld by an open-source, community-driven protocol. Decentralization Meets Privacy At its core, fUSD leverages Zano's robust privacy technologies, including Ring Signatures, Stealth Addresses, and Confidential Transactions. These tools ensure every fUSD transaction is entirely anonymous—not just shielding the identities of users but completely obscuring transaction amounts and asset types from any observers, including network participants. This protocol-level privacy sets fUSD apart, making it a genuine alternative to traditional fiat-backed stablecoins. Moreover, stability is algorithmically maintained via a semi-autonomous market-making mechanism powered by on-chain ZANO reserves. Anyone can run a market-making node, contributing liquidity and decentralization, thus eliminating centralized control and potential points of failure. A Timely Solution for the Surveillance Age Freedom Dollar arrives at a pivotal moment. With financial surveillance becoming increasingly pervasive, users worldwide are demanding greater privacy in their transactions. From protecting sensitive business dealings and preserving payroll confidentiality to enabling secure cross-border commerce, the applications for a genuinely private stablecoin are vast and urgent. Corbin Fraser, CEO of emphasized, "Privacy is fundamental—it's not about hiding wrongdoing, it's about protecting what genuinely matters. fUSD meets a critical need in the market by offering stable value without compromising privacy." Rapid Adoption and Integration Since its launch, exchanges worldwide have raced to integrate fUSD, recognizing its revolutionary potential. Major platforms including have already listed fUSD, offering users simple, intuitive access to private stablecoin transactions directly through their familiar wallets. Additionally, merchants adopting privacy-focused point-of-sale system—can seamlessly accept fUSD, bolstering its practical use in everyday commerce. Bitcoin Map has also integrated fUSD support, enhancing visibility for businesses that prioritize financial privacy. The Future of Financial Freedom Early adopters hail Freedom Dollar as "the stablecoin crypto enthusiasts were promised years ago." By aligning perfectly with cryptocurrency's foundational ideals of decentralization, privacy, and financial sovereignty, fUSD doesn't just represent another crypto asset—it embodies a movement towards greater monetary freedom and user control. As global interest grows and more platforms embrace this innovative stablecoin, fUSD is well-positioned not only to redefine stablecoins but also to reshape the broader financial landscape.
Crypto Insight
4 days ago
- Business
- Crypto Insight
Bitcoin's physical infrastructure is the industry's most overlooked asset
Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot A new proposal to install Bitcoin ATMs in federal buildings highlights an important question: Can crypto truly go mainstream without a stronger physical presence? For years, the industry has focused on software and decentralization, but its reluctance to invest in real-world infrastructure is starting to show. Without physical access points, crypto risks becoming an exclusive, insiders-only system, rather than the open alternative it sets out to be. Everyone loves to talk about decentralization. There's a good reason behind this. It defines the movement, shapes the technology, and supports the vision of a better financial system. While the industry focuses on code and algorithms, it lacks something basic. A decentralized system that exists only online is not genuinely decentralized. Physical infrastructure is the missing link Bitcoin's physical infrastructure is the missing link. Without tools like ATMs, kiosks and access points at traditional retail locations, crypto remains out of reach for millions. Decentralization is not just about removing intermediaries. True decentralization requires expanding access. Without real-world touchpoints, even the most advanced network becomes limited to a closed circle of insiders. For crypto to become mainstream, it must be easy to reach digitally and physically. That means showing up in places people already go and seamlessly integrating into people's lives. Many groups in the American population still rely on cash or don't have access to traditional banks. According to the latest Federal Deposit Insurance Corporation report, around 5.6 million American households don't have a bank or savings account. Bitcoin ATMs give these users access without needing an app, a bank account or a crash course in blockchain. Most crypto tools today assume a level of financial fluency and infrastructure that millions simply do not have. The result is a digital-only ecosystem that locks out newcomers and widens the divide between early adopters and everyone else. User-friendly screen in the right place Physical infrastructure helps address this issue. A Bitcoin ATM in a grocery store or gas station is not just a convenience but a bridge to financial inclusion. It is an invitation to someone who has never bought crypto, telling them they can participate. No bank, no broker, just a user-friendly screen in a familiar place. These machines also generate new economic activity. Local businesses benefit from increased foot traffic as the kiosks create passive revenue. For many communities, they provide access to a parallel financial system that was previously out of reach. This is a tangible example of crypto's real-world utility. It is already happening, and it is measurable. The crypto industry's blind spot The industry often treats physical infrastructure like an afterthought. The obsession with building new digital solutions has created a blind spot. Innovation without usability builds systems that serve the few but exclude the many. If someone can buy Bitcoin at the same place they buy their morning coffee, that is when crypto stops feeling like an obscure digital asset and starts becoming part of everyday life. As governments increase regulation, trusted and transparent interfaces will become more important. When operated within regulatory frameworks, Bitcoin ATMs offer a way to provide access between traditional finance and digital assets. They are familiar, easy to monitor and offer a more approachable entry point for the general public. Like any financial tool, Bitcoin ATMs have drawn scrutiny, particularly in cases where bad actors use them. Rather than dismissing the machines themselves, we should focus on investing in better oversight, stronger consumer education and smarter regulation. The overwhelming majority of people who use Bitcoin ATMs do so for legitimate reasons: to send remittances, to move money securely or to access digital assets without traditional banking barriers. Building trust does not mean avoiding or dismantling physical access, but improving it. The first time someone uses Bitcoin should not involve reading a white paper or navigating a tutorial. It should be as familiar as using an ATM or tapping a payment terminal. This is not an argument against innovation. Software and protocols will continue to evolve and play an important role. Physical infrastructure provides something those tools cannot: trust through presence. When people can see and use crypto in their neighborhood, at a store they already visit or in a format they already understand, it changes how they think about crypto and who it is for. According to Coin ATM Radar, there are over 30,000 Bitcoin ATMs in the US. It's a meaningful start, but still only a small step toward widespread access. Crypto's long-term success will depend not just on innovation but also on inclusion. That means building more than networks; it means building presence. When people can interact with crypto in the physical world, it stops being abstract and becomes usable. That is how digital finance becomes everyday finance. Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot. Source:
Forbes
5 days ago
- Business
- Forbes
Tether Goes All In On AI And Bitcoin To Build A Decentralized Future
Tether (USDT) introduces QVAC, enabling peer-to-peer intelligence (Photo Illustration by ... More Costfoto/NurPhoto) The pace of technological change has never felt more relentless. Yet for much of the world, innovation remains a distant promise. Paolo Ardoino, CEO of Tether, says the convergence of Bitcoin and AI may finally change that by putting power back in the hands of people, not platforms. Tether, the company behind USDT, the world's largest company in the digital asset industry, is now venturing into open-source artificial intelligence and decentralized infrastructure. QuantumVerse Automatic Computer promises to bring AI directly to anyone. It is usable on cheap hardware, without the cloud, and with privacy as a core feature. QVAC, announced on May 14, is a privacy-preserving, decentralized AI platform that runs entirely on local devices, including low-end smartphones. The idea is both radical and refreshingly simple: intelligence that belongs to the user, not to a corporation or a data center. Unlike OpenAI or Anthropic, which rely on massive cloud compute infrastructure, QVAC operates without centralized servers. It's built to run on commodity GPUs, making it usable in remote or resource-constrained environments. Ardoino said QVAC is built with three main goals in mind. It aims to protect user privacy, work in any environment, including offline settings, and give people more innovative tools they can fully control instead of relying on centralized companies. Tether plans to launch QVAC later this year, with a special emphasis on universities and small businesses. Where QVAC becomes truly novel is in its agent framework. Each QVAC AI instance will have a non-custodial crypto wallet, allowing it to receive funds, act on instructions, and negotiate transactions autonomously. This could open the door to a new class of autonomous economic actors, capable of operating peer-to-peer across borders, currencies, and regulatory frameworks. Unlike today's AI assistants, which are primarily passive, QVAC agents are designed to make decisions and even interact with other agents to resolve tasks. The launch of QVAC inevitably invites comparisons to Bittensor, another decentralized AI protocol that is gaining traction. But Ardoino insists the two projects have fundamentally different goals. Ardoino explained that while Bittensor focuses on incentivizing model training and inference, QVAC centers on the agents themselves by equipping them with wallets, defined purposes, and the ability to communicate peer to peer. The approach, he noted, is more bottom up and built for resilience. While Bittensor incentivizes developers to train useful models, QVAC takes a different approach by enabling localized intelligence networks designed to function independently. Bittensor has gained traction among researchers and crypto-native developers, whereas QVAC is targeting broader adoption among real-world users, particularly in emerging markets. QVAC isn't an isolated initiative. It's a core pillar of Twenty One, a new Bitcoin-native financial company founded by Tether, Strike CEO Jack Mallers, and SoftBank. Launching with 42,000 bitcoin, Twenty One aims to build an entirely new financial ecosystem, one built from the first principles of transparency, decentralization, and censorship resistance. Ardoino described Bitcoin as peer-to-peer cash and QVAC as peer-to-peer intelligence, emphasizing that together, they lay the groundwork for a parallel system designed to serve the broader global population. For years, Tether has kept a relatively low public profile despite operating the largest stablecoin in the world. That posture is changing as the company approaches the global AI stage. Ardoino acknowledged the importance of building trust, noting that QVAC is designed to be user-controlled rather than centralized. He also shared that Tether is collaborating with one of the 'Big Four' accounting firms to provide full transparency. Tether's role is to provide resilience and quality engineering, the system's base layer that others will expand upon. The company has no plans to charge licensing fees or gate access. If it succeeds, QVAC could become the leader in AI by being open, portable, and impossible to kill. Critics of Bitcoin treasury strategies, including venture capital investor Nic Carter, have warned that companies hoarding BTC will inevitably sell under stress. Ardoino acknowledged the risk but emphasized that Twenty One is approaching things differently. Ardoino emphasized the team's strength, calling Mallers an ideal leader for a Bitcoin-focused company and highlighting Tether's and SoftBank's complementary roles in the venture. Tether is no longer just shaping the future of money. It's building the infrastructure for decentralized intelligence and sovereign technology powered by Bitcoin and AI. With QVAC, Twenty One, and a bold vision rooted in open access, the company is setting the stage for a more resilient, user-controlled digital world. As the global race for AI dominance accelerates, Tether is positioning itself not just as a competitor but as a catalyst for a more equitable future.
CBC
6 days ago
- General
- CBC
Spreading out services would better serve P.E.I.'s homeless: report
Social Sharing The P.E.I. government says it's ready to move forward on recommendations on how to best support Islanders experiencing homelessness. Carlene Donnelly, who was brought on as a special adviser to former premier Dennis King to help develop a "client-centred" model of care for those facing homelessness, recently submitted her final report. Her primary recommendation is a plan to decentralize services, particularly to reach rural areas often left out of traditional support models. This "distributed model" would shift away from central hubs and instead expand services through community-based efforts Island-wide. "I think that's the model to go," Donnelly told CBC News: Compass host Louise Martin. "It's more feasible to scale to rural P.E.I. that's always been on our radar. I know it seems sometimes like we're focusing on Charlottetown and Summerside and other communities, but really it's the whole Island that we're focusing on." A new report says P.E.I. can better help its homeless population. Here's how it could work 18 hours ago Duration 6:32 The final report on how best to support Islanders with complex issues who are experiencing homelessness is now complete, and the province says it has approved the recommendations. CBC News: Compass host Louise Martin spoke with Carlene Donnelly, who wrote the report, about what it suggests and what the next steps will be. The report outlines several benefits to decentralizing services, including amplifying existing community leaders in service delivery, reducing risk associated with concentrating complex services in a single location, and lowering capital costs by building on infrastructure that already exists. Over the past few years, the province has done some good groundwork that can support this shift, not only in terms of health, mental health and addictions services, but also housing, she said, pointing to the government's housing-first approach. The P.E.I. government is in the early stages of its five-year plan, released in 2024, aimed at increasing the province's housing supply and addressing the ongoing housing crisis. The strategy takes a housing-first approach to people dealing with homelessness, focusing on transitional and supportive housing. "Although we have more to do, a lot has been done," Donnelly said. Urban services to stay Donnelly noted that a distributed model doesn't mean some facilities in urban areas, like Charlottetown's Community Outreach Centre, will be moved. The centre along with an emergency overnight shelter, both located at 15 Park Street in the city's southeast end, has been at the centre of debate between the province and the City of Charlottetown. Back in March, Charlottetown council voted to reject the province's request for a zoning change that would have allowed the shelter and outreach centre to remain on Park Street. Two days later, Housing Minister Steven Myers said that vote didn't matter: The province would set up a special planning zone in the area that would allow both operations to stay in place, effectively overriding council's decision. Local residents have also raised concerns about the Park Street location, citing safety and neighbourhood impact. Donnelly acknowledged those concerns but said complex issues like homelessness, mental health and addiction require long-term strategies and support. "These are complicated, and they do take time," she said. "It is going to take compassion and understanding and in some ways, patience, to give us time to continue to work and address the housing issues." Community-government collaboration The report also recommends that oversight of any model be independent of government. "Things that are community-led in partnership and supported by government really do have a high degree of success. The entities that work the front line on a continuum and then really are invested in that long-term care focus generally have more of a knowledge base and relationships built with the folks using the services," Donnelly said.
