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Savannah Fortis
Jan 13, 2023


HUOBI AND SOLARIS CRYPTO-TO-FIAT DEBIT CARD LAUNCHES IN THE EU

The Visa-backed debit card will allow Huobi users in the European Economic Area
to pay from their crypto accounts at point-of-sale stations globally.

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As the crypto space continues to expand into the mainstream, bridging the gap
between digital and fiat currencies is a priority for many legacy financial
institutions.

Cryptocurrency exchange Huobi announced its partnership with Solaris, a European
financial services provider, to launch a crypto-to-fiat debit card.

The program, approved by Visa, allows Huobi users to use their digital assets
globally at the point of sale. Users residing in the European Economic Area
(EEA) will have access to the card beginning in the second quarter of 2023.

The EEA comprises all 27 European Union (E.U.) member states, as well as
Iceland, Liechtenstein and Norway.

Cast your vote now!

Commenting on the partnership, Andrea Ramoino, the chief strategy officer at
Solaris, hinted at future developments in its collaboration with Huobi.


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> “This is just the first step in our partnership as we look ahead to delivering
> more payment options to users in the EEA region and beyond.“

This is not the first crypto-to-fiat card available to residents of the E.U. In
2020, Binance launched its own Visa-accredited crypto-to-fiat card, which allows
Europeans to pull funds straight from their Binance accounts.

Related: Dominica works with Huobi for digital identity program

Outside of the E.U., Visa has been an active proponent in bridging the
crypto-fiat gap. In October 2022, Blockchain.com announced its partnership with
Visa to offer a crypto debit card, which is only available to residents of the
United States.

Prior to its collapse, FTX had also partnered with Visa to offer a debit card in
40 countries.

Most recently, the financial service provider worked with the fintech company,
ZELF, to launch an anonymous debit card with a crypto recharge. This allows
users to open a checking account based on the U.S. dollar with only their name,
email and phone number.

Before the start of 2023, Visa also hinted at a feature allowing users to
auto-pay bills from their crypto wallet.

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 * #Visa
 * #Cryptocurrencies
 * #Business
 * #Huobi
 * #Europe
 * #Adoption
 * #Fiat Money
 * #European Union


Related News
 * What is total value locked (TVL) in crypto and why does it matter?
 * ad
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   with Emeldi
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 * Cross-border crypto scammers on the hit list for EU agencies
 * How crypto tokens (but not Bitcoin) will outperform stocks in 2023 — Arca’s
   CIO explains
 * WEF panel discusses the coming tokenized economy


Savannah Fortis
Jan 13, 2023


WEB3 CAN HELP ARTISTS AND COMPANIES MANAGE MUSIC METADATA: B2B MUSIC EXEC

Web3 features such as NFTs and blockchain-based systemization offer clarity and
new accessibility to managing music metadata.

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The music industry has not shied away from its keenness to adopt Web3 solutions.
From nonfungible tokens (NFTs) helping artists connect with their communities,
to various blockchain use cases, including event ticketing.

Another relevant implementation of the technology to be considered by industry
insiders is how Web3 tools can help artists and companies manage music metadata.

Cointelegraph spoke with Con Raso, the managing director of business-to-business
music streaming technology provider Tuned Global, to better understand this use
case.

In the current Web2 music industry, numerous organizations are dedicated to
managing music metadata and its licensing. With Web3 developments like NFTs,
which can identify each individual usage via blockchain, data management
questions come into play.

Raso elaborated that metadata is currently delivered by a major label through
the industry standard Digital Data Exchange (DDEX). This can create XML files of
more than 200MB, which contain information on contributors, artists, commercial
and territorial rights and more.

Cast your vote now!

The creation of “full-length” NFTs for more than just personal use is underway.
This allows them to contain metadata available for use and access on Web2
platforms.

> “Almost all NFTs created today are only for personal use, unable to be
> exploited as streaming assets. [Full-length NFTs] provide greater clarity and
> control for artists in how they manage their works.”

However, Raso says Web3 formats are still in their infancy. Though inevitably,
this new technology questions old systems and creates space for the development
of new ones.

Related: NFTs bridge music communities across genres and blockchain ecosystems

Another example of a new system is a blockchain-based standard in which all
parties involved in the creation and licensing would be presented with a single
view of a recording or works.

This could help perpetuate effective payments or reporting of metadata usage.
According to Raso, it will be a slow-rolling adoption of the innovation, but it
can pick up steam from the industry’s fringes first.

> “Indies play a huge role in this execution as they often (not always) have
> full control of their works and hence their works can lead this innovation.“

He continued to say that “whether it is an organization that is setting
standards, like DDEX or a new entity, the standardization of metadata is a plus
not only for platforms but ultimately artists and users.“

Both mainstream and niche artists in the music industry are slowly trickling
into the Web3 space. While the legacy names in the music world might be more
difficult to convince to change their methods, major players like Warner Music
have already begun innovating.

Most recently, Mastercard announced its plans to launch a Web3 musician
accelerator program with Polygon.

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 * #Blockchain
 * #Music
 * #Adoption
 * #Artists
 * #Art
 * #NFT


Related News
 * How to get a job in the Metaverse and Web3
 * ad
   A brighter future for crypto on the horizon thanks to zero-knowledge
   solutions
 * Film review: ‘Human B’ shows a personal journey with Bitcoin
 * Play-to-earn falling out of favor after ‘massive shift in priority’ — BGA
   survey
 * Sundance Film Festival embraces blockchain and crypto film initiatives
 * NFT Steez and Cryptoys CEO discuss the future of toys and entertainment
   within Web3


Editor’s Choice
 * Australia ranks 3rd in crypto ATM installations after US and Canada
 * Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout
 * Bitcoin mining brings more than money to this East African country
 * Genesis sues Roger Ver for $20M over unsettled crypto options trades
 * Six on-chain metrics suggesting Bitcoin is a ‘generational buying
   opportunity’

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