Flux crypto project8/13/2023 ![]() ![]() Via an application and from a wallet, people can convert fiat into crypto and send it to the wallets of people in other countries who convert back to fiat if they choose. Over the last three years, crypto remittance companies have emerged to fill in this need, as well. “ The gig economy and the service economy for small businesses economy is very massive, and we care about it enough to dedicate all our time into building payments for Africa. “The experience made us think of the payments and, more importantly, cross border payments,” Eluan said to TechCrunch. However, it took a week for the friends to get their money, and they lost a considerable chunk of it to charges. and when the time came for them to get paid, they settled with Skrill. They had executed a project for a client in the U.K. to reach a relative in Nigeria.īen Eluan and Osezele Orukpe, two software engineers based in Nigeria, faced this problem in 2019. For instance, it takes days or weeks for money sent from an immigrant in the U.S. With investors anticipating an official announcement from the Nvidia side of the camp, though, things could look different soon.In the 170 years since Western Union was founded, no company has managed to solve two basic problems that continue to bedevil the remittance business - exorbitant fees and slow deposit times. Unfortunately for investors, the Flux crypto isn’t reflecting this bullish news yet the coin is currently losing about 10%. And now, Flux will have a vast array of tools at its disposal to beef up its offering and ensure future innovation. The partnership is forged out of an interest Nvidia shares with Flux and other Web 3.0 projects to further the success of a decentralized internet. As a premier partner, Flux is one of just a few projects with the highest level of access to Nvidia’s engineers and marketers, who will be able to offer support to the project. Now, Nvidia is stepping into the world of crypto and Web 3.0 by announcing an Inception partnership with Flux. It’s also especially relevant in the crypto world, as these GPUs are fueling the world of cryptocurrency mining. That’s because the company is most known for its production of high-end graphics processing units (GPUs). Nvidia (NASDAQ: NVDA) is a tech company that is coming more into public view throughout the chip shortage. In fact, Flux is ramping up development significantly, thanks to a backing by a major tech player. This week, it’s not slowing down on this pace in the slightest. The Flux crypto is obviously going through massive changes for the better. Three months ago, Flux was not even among the top 500 crypto projects by market capitalization today, it is the 122nd-largest crypto, and one of the largest of the Web 3.0 movement, with its $500 million market cap.įlux Crypto Inks Partnership With Nvidia on Development It’s also rapidly becoming a frontrunner when it comes to Web 3.0 crypto projects. Indeed, the coin is posting gains of over 800% since October of last year. The Flux crypto has been astonishing investors for a few months now. This makes apps accessible anywhere and at any time. Anybody can operate a node, and they’re spread all over the world. The network also guarantees competitive speeds to these tech giant services user-run FluxNodes support the infrastructure underlying these services. Using Flux, one can deploy containerized apps and oracles, host servers and store files. The cloud software outfit offers a suite of products that compete with the offerings of that of Amazon Web Services, but with the added bonus of being decentralized. Flux is a project that wants to challenge the web service products of tech giants like Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL).
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