Technology

The recent virtual townhall held by WazirX co-founder Nischal Shetty shed light on the urgent need for users to withdraw their Indian Rupee (INR) balances from the platform. Following the unfreezing of 66 percent of users’ balances on August 26, there was initially a surge in withdrawals. However, this momentum has since slowed down, but
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Artificial intelligence (AI) is no longer confined to just digital assistants and deepfake technology. In a groundbreaking development, astronomers at the Flatiron Institute’s Center for Computational Astrophysics (CCA) in New York City have successfully utilized AI to calculate the five cosmological parameters that define the universe. These parameters play a crucial role in shaping the
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The Basel Committee on Banking Supervision has recently expressed concerns regarding permissionless blockchains, specifically in the context of financial institutions. While these blockchains are accessible by the public, the main issue arises from their permissionless nature, which presents various risks and challenges that need to be addressed. Permissionless blockchains are also known as trustless or
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The Airtel Payments Bank has made headlines with the introduction of their Smartwatch, which supports the National Common Mobility Card (NCMC) technology. This innovative collaboration with Noise and the National Payments Corporation of India (NPCI) has been unveiled at the Global Fintech Fest 2024. The smartwatch is designed to facilitate seamless transactions directly from the
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India’s digital Rupee, known as eRupee, is currently in the advanced stages of trials conducted by 16 national banks. The eRupee has already garnered five million users during its pilot phase, according to RBI Governor Shaktikanta Das. The central bank is taking a cautious approach and is not rushing the deployment of the CBDC across
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WhatsApp has been making significant strides in improving user experience by introducing new features such as chat themes and the username PIN feature. These additions are aimed at enhancing security and customization options for users. Let’s dive deeper into the details of these upcoming features and analyze their potential impact. The introduction of chat themes
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