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OpenAI Is Preparing to Launch a Social App for AI-Generated Videos
Product Reviews

OpenAI Is Preparing to Launch a Social App for AI-Generated Videos

by admin September 29, 2025


OpenAI is preparing to launch a stand-alone app for its video generation AI model Sora 2, WIRED has learned. The app, which features a vertical video feed with swipe-to-scroll navigation, appears to closely resemble TikTok—except all of the content is AI-generated. There’s a For You–style page powered by a recommendation algorithm. On the right side of the feed, a menu bar gives users the option to like, comment, or remix a video.

Users can create videoclips up to 10 seconds long using OpenAI’s next-generation video model, according to documents viewed by WIRED. There is no option to upload photos or videos from a user’s camera roll or other apps.

The Sora 2 App has an identity verification feature that allows users to confirm their likeness. If a user has verified their identity, they can use their likeness in videos. Other users can also tag them and use their likeness in clips. For example, someone could generate a video of themselves riding a roller coaster at a theme park with a friend. Users will get a notification whenever their likeness is used—even if the clip remains in draft form and is never posted, sources say.

OpenAI launched the app internally last week. So far, it’s received overwhelmingly positive feedback from employees, according to documents viewed by WIRED. Employees have been using the tool so frequently that some managers have joked it could become a drain on productivity.

OpenAI declined to comment.

OpenAI appears to be betting that the Sora 2 app will let people interact with AI-generated video in a way that fundamentally changes their experience of the technology—similar to how ChatGPT helped users realize the potential of AI-generated text. Internally, sources say, there’s also a feeling that President Trump’s on-again, off-again deal to sell TikTok’s US operations has given OpenAI a unique opportunity to launch a short-form video app—particularly one without close ties to China.

OpenAI officially launched Sora in December of last year. Initially, people could only access it via a web page, but it was soon incorporated directly into the ChatGPT app. At the time, the model was among the most state-of-the-art AI video generators, though OpenAI noted it had some limitations. For example, it didn’t seem to fully understand physics and struggled to produce realistic action scenes, especially in longer clips.

OpenAI’s Sora 2 app will compete with new AI video offerings from tech giants like Meta and Google. Last week, Meta introduced a new feed in its Meta AI app called Vibes, which is dedicated exclusively to creating and sharing short AI-generated videos. Earlier this month, Google announced that it was integrating a custom version of its latest video generation model, Veo 3, into YouTube.

TikTok, on the other hand, has taken a more cautious approach to AI-generated content. The video app recently redefined its rules around what kind of AI-generated videos it allows on the platform. It now explicitly bans AI-generated content that’s “misleading about matters of public importance or harmful to individuals.”

Oftentimes, the Sora 2 app refuses to generate videos due to copyright safeguards and other filters, sources say. OpenAI is currently fighting a series of lawsuits over alleged copyright infringements, including a high-profile case brought by The New York Times. The Times case centers on allegations that OpenAI trained its models on the paper’s copyrighted material.

OpenAI is also facing mounting criticism over child safety issues. On Monday, the company released new parental controls, including the option for parents and teenagers to link their accounts. The company also said that it is working on an age-prediction tool that could automatically route users believed to be under the age of 18 to a more restricted version of ChatGPT that doesn’t allow for romantic interactions, among other things. It is not known what age restrictions might be incorporated into the Sora 2 app.

This is an edition of the Model Behavior newsletter. Read previous newsletters here.



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September 29, 2025 0 comments
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Arc Miner launches new mining app, ushers in new era
Crypto Trends

Arc Miner launches new mining app, ushers in new era

by admin September 29, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Arc Miner has launched a fully upgraded mobile mining app, offering users worldwide a simplified, secure, and eco-friendly way to manage cryptocurrency mining from their phones.

Summary

  • The Arc Miner platform secures user funds with SSL encryption, cold wallet storage, and operates carbon-neutral data centers powered by renewable energy.
  • New users receive $15 in free computing power, with flexible contracts covering major cryptocurrencies and automatic 24-hour profit settlements.
  • The app features smart mining management tools, real-time profit tracking, and 24×7 customer support with rapid response times.

Crypto cloud mining platform Arc Miner has announced the launch of a fully upgraded mobile mining app. This update brings a smarter and more secure mining management experience to users worldwide. The new version of the app supports iOS and Android. Users can easily start mining on their mobile phones and monitor daily profits in real time with just a few steps.

Compliant, secure, and green

Arc Miner is registered in the UK and engages in fund management activities. It is appropriately licensed and regulated by the Financial Services Authority, in compliance with local laws and regulations. Arc Miner has always placed user fund security and transparency first. This upgraded application also maintains high standards:

  • SSL encryption combined with cold wallet storage provides bank-level asset security.
  • All data centers are powered by 100% renewable energy.
  • Over 7 million registered users worldwide, spread across over 100 countries and regions.

Creating a zero-barrier mining experience

In the past, users who wanted to participate in Bitcoin or Ethereum mining needed expensive mining machines, stable electricity, and professional technical support. However, now, no hardware is required. Users can start mining from their phone or computer and enjoy comprehensive professional support.

  • Interested investors can sign up and receive $15 in free computing power. This allows new users to experience the real mining process without any investment.
  • The platform’s flexible contracts support a variety of major cryptocurrencies, including BTC, ETH, XRP, DOGE, LTC, SOL, BNB, USDC, USDT, etc.
  • There is automatic profit settlement 24 hours a day, and automatic return of principal upon contract maturity.

Intelligent management and instant customer service

The new mobile app integrates a hashrate reward calculation tool and smart contract matching functionality. This allows users to customize their mining plans based on their capital scale and profit goals. At the same time, the application also provides 24/7 online customer service support, with an average response time of 1-3 minutes. This approach ensures that every user’s question can be efficiently answered and properly handled.

  • Referral rewards: Users can earn a permanent 3% + 2% commission for every friend they invite to purchase a contract.
  • High bonus pool: Active users can receive up to $100,000 in referral rewards.
  • Daily sign-in bonus: Users can earn $0.6 simply by opening the app and signing in.

How to start earning?

1: Sign up: Users can join by simply filling in the required information to create an account on the platform.

2: Choose your plan: Next, users can select one of the ready-made contracts drafted by platform professionals, or use the platform’s calculator to select the contract that’s right for them.

3: After purchasing a contract: The system automatically provides computing power to the mining pool, and earnings are automatically credited to the account within 24 hours. Upon contract expiration, the principal is automatically returned.

To learn more about the contracts, visit the Arc Miner Mining contract options.

Summary

Arc Miner stated that the launch of its new app is a significant step in the company’s efforts to promote the widespread adoption of digital assets and financial inclusion. By lowering technical barriers, strengthening compliance transparency, and providing intelligent mining services, the platform aims to help more ordinary investors share the benefits of blockchain development.

To learn more about Arc Miner, visit the official website. Email: [email protected]

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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September 29, 2025 0 comments
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An App Used to Dox Charlie Kirk Critics Doxed Its Own Users Instead
Product Reviews

An App Used to Dox Charlie Kirk Critics Doxed Its Own Users Instead

by admin September 27, 2025


New research released this week shows that over the past few years the US Department of Homeland Security has collected DNA data of nearly 2,000 US citizens. The activity raises questions about legality and oversight given that DHS has been putting the information into an FBI crime database. Some of the genetic data is from US citizens as young as 14.

The US Secret Service said on Tuesday that it had discovered facilities across the “New York tristate area” running so-called SIM servers—devices that manage and coordinate 100,000 SIM cards at a time for illicit operations. The Secret Service warned, though, that in addition to being used by cybercriminals for scamming, the apparatuses could also be used to launch critical infrastructure attacks that could disrupt mobile networks.

A cyberattack on the UK-based automaker Jaguar Land Rover has been causing a supply chain meltdown, halting vehicle production, costing JLR tens of millions of dollars, and forcing its parts suppliers to lay off workers. The beleaguered company will have to shoulder the full cost of the attack because of inadequate insurance coverage, prompting talks of possible UK government assistance.

If you’re worried about phone searches while traveling or doing specific activities, the password manager known as 1Password has a Travel Mode feature that can help you manage sensitive data and temporarily remove it from your device. We’ve got advice on how to use the tool most effectively.

And there’s more. Each week, we round up the security and privacy news we didn’t cover in depth ourselves. Click the headlines to read the full stories. And stay safe out there.

An app used to out those who spoke ill of the murdered right-wing activist Charlie Kirk was found to be leaking its users’ personal information, doxing the very people it had invited to dox its targets.

The app Cancel the Hate, founded in the wake of Kirk’s September 10 assassination, suspended its services this week after it was revealed that security flaws in the website where the app was hosted exposed users’ email addresses and phone numbers. That site had asked its users to collect and share employment and other personal information of critics of Kirk and others “supporting political violence.” But a security researcher who identified themselves only as BobDaHacker demonstrated to news outlet Straight Arrow News that privacy settings on the site didn’t work as advertised, publicly leaking users’ information even when it was set to private. The hacker also reportedly had the ability to delete users’ accounts at will.

Cancel the Hate, which displayed a photo of Kirk on its homepage and was founded by a Kirk supporter who cited his death as the motivation for creating the site, has since taken down its reporting features. It now displays a message on its homepage that it’s moving to a “new service provider.” The page that allows visitors to buy a $23 T-shirt remains online.

Ransomware groups continued to plumb the depths of abject immorality this week with a new tactic: extorting preschools by stealing toddlers’ personal information and threatening their parents. The BBC reports that a hacker group says it has stolen the names, addresses, and photos of around 8,000 children from the preschool chain Kido, which has sites largely around London but also in the US and India. The hackers are threatening to leak the data if a ransom isn’t paid, going so far as to contact some of the children’s parents to reinforce their threat. The group has also posted sample information and photos of 10 children on their dark-web site.

In August, The Guardian, Israeli-Palestinian publication +972 Magazine, and Hebrew-language publication Local Call revealed how Israeli signals intelligence agency Unit 8200 had built a comprehensive surveillance system to intercept and store Palestinian phone calls. More than “a million calls an hour” could be collected by the system, which reportedly amassed around 8,000 terabytes of call data and stored it in Microsoft’s Azure cloud service in the Netherlands, the publications reported.

This week, following an external investigation commissioned by Microsoft, the company pulled some of the Israeli military’s access to its technology. In a statement, Microsoft president Brad Smith said the firm has taken the decision to “cease and disable” some “specific cloud storage and AI services and technologies” that it was providing to Israeli forces. Microsoft’s action—its investigation is still ongoing—follows a wave of staff protests at its ties to Israel and its ongoing war in Gaza. “We do not provide technology to facilitate mass surveillance of civilians. We have applied this principle in every country around the world, and we have insisted on it repeatedly for more than two decades,” Smith wrote in a statement.



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September 27, 2025 0 comments
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Call-recording app Neon goes offline after security flaw uncovered

by admin September 25, 2025


Neon is an call-recording app that pays users for access to the audio, which the app in turn sells to AI companies for training their models. Since its launch last week, it quickly rose in popularity, but the service was taken offline today. TechCrunch reported that it found a security flaw that allowed any logged-in user to access other accounts’ phone numbers, the phone numbers called, call recordings and transcripts. 

TechCrunch said that it contacted Neon founder Alex Kiam about the issue. “Kiam told TechCrunch later Thursday that he took down the app’s servers and began notifying users about pausing the app, but fell short of informing his users about the security lapse,” the publication reported. The app went dark “soon after” TC contacted Kiam. Neon does not appear to have a timeline about if or when the service will resume or what additional security protections it may add.

The full report from TechCrunch is here and certainly worth reading if you’ve used Neon.



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September 25, 2025 0 comments
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Product Reviews

Proton Mail’s redesigned mobile app is built for speed

by admin September 25, 2025


If you use Proton Mail on your phone, things are about to pick up. The company is rolling out new apps for Android and iOS. The updated mobile applications are rebuilt from the ground up with a “cleaner, faster and more private experience.” Proton first announced in April that it was working on the revamp.

The company says the new Proton Mail lets you scroll, archive and reply twice as fast as before. It also now supports an offline mode, allowing you to read, write and organize messages while away from the internet. A redesigned interface aims for simpler navigation, with areas like the composer button now sitting within easier reach.

The iOS and Android apps, while still native to their respective platforms, now share a common codebase. Proton says they share 80 percent of their code. This should enable faster development and near-simultaneous future updates.

Product lead Anant Vijay Singh credited the update to Proton’s community and business model. “The new Proton Mail mobile apps reflect this feedback and show what is possible if you build an email app without the constraints imposed by trying to monetize user data, allowing for a cleaner, faster, and more private experience,” he said.

Proton has had a full plate lately. The company is working on an upcoming overhaul of Proton Calendar with similar user experience upgrades. This summer, it even joined the chatbot fracas with Lumo, which it believes can carve a niche as a more ethical AI assistant.

The Proton Mail updates begin rolling out today in the App Store and Play Store.



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September 25, 2025 0 comments
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Wlfi To Launch Usd1 Debit Card Paired With Venmo-Robinhood Style App
Crypto Trends

WLFI To Launch USD1 Debit Card Paired With Venmo-Robinhood Style App

by admin September 23, 2025



World Liberty Financial, a crypto project backed by members of the Trump family, is preparing to introduce a debit card linked to its stablecoin, USD1, according to Co-Founder Zak Folkman.

At Korea Blockchain Week 2025, speaking with Jacquelyn Melinek, Founder of Token Relations, Folkman discussed that the card will connect directly with Apple Pay and link to the project’s stablecoin USD1 through its app. He added, “Not today, but it’s coming very soon.”

Folkman said the debit card will work alongside a retail app the company is developing. He described the app as a mix of payment service Venmo and trading platform Robinhood, combining everyday transfers with investment-style features.

Despite expanding its product lineup, Folkman ruled out the idea of building a proprietary blockchain. “We will never put out a World Liberty Financial chain,” he told the audience, emphasizing that the project intends to stay neutral across existing networks.

As per the report, the company signed a memorandum of understanding with South Korean exchange Bithumb, laying the groundwork for future partnerships. Bithumb CEO Lee Jae-won, Zak Folkman, and executives from both companies attended the event.

WLFI’s growth so far

Since its launch in September 2024, World Liberty Financial has introduced both a native token (WLFI) and a stablecoin (USD1).

The stablecoin USD1, launched in March 2025, is pegged 1:1 to the U.S. dollar and backed by cash, bank deposits, and short-term U.S. government securities.

On September 1, WLFI officially launched its native token for trading. The token opened at $0.20 and became available on a major exchange. At the time of writing, WLFI was trading at $0.2062, down about 10% in the past day. The tokens’ 24-hour trading volume is roughly $1 billion, according to CoinMarketCap.

Folkman said that WLFI token will continue to experience market fluctuations, but its value will grow over the long term as the company expands its product offerings. He added, “The focus on building and developing and growing the product suite and USD1 and all of everything else that’s coming out from World Liberty Financial.”

Also Read: PayPal Ventures Backs Stable for Global Stablecoin Push



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September 23, 2025 0 comments
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Product Reviews

Facebook adds an AI assistant to its dating app

by admin September 23, 2025


Facebook Dating has added two new AI tools, because clearly a large language model is what the search for love and companionship has been missing all this time. The social media platform introduced a chatbot called dating assistant that can help find prospective dates based on a user’s interests. In the blog post announcing the features, the example Meta provided was “Find me a Brooklyn girl in tech.” The chatbot can also “provide dating ideas or help you level up your profile.” Dating assistant will start a gradual rollout to the Matches tab for users in the US and Canada. And surely everyone will use it in a mature, responsible, not-at-all-creepy fashion.

The other AI addition is Meet Cute, which uses a “personalized matching algorithm” to deliver a surprise candidate that it determines you might like. There’s no explanation in the blog post about how Meta’s algorithm will be assessing potential dates. If you don’t want to see who Meta’s AI thinks would be a compatible match each week, you can opt out of Meet Cute at any time. Both these features are aimed at combatting “swipe fatigue,” so if you’re 1) using Facebook, 2) using Facebook Dating, and 3) are really that tired of swiping, maybe this is the solution you need.



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September 23, 2025 0 comments
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Gold vs (TradingView)
Crypto Trends

Armstrong Outlines Vision for Firm to Evolve Into a Financial Super App

by admin September 21, 2025



Brian Armstrong, a co-founder and the CEO of Coinbase (COIN), said in an interview on Friday that Coinbase’s long-term goal is to be a financial “super app,” offering crypto alongside a broad range of financial services beyond traditional banking.

Armstrong, speaking on Fox Business’ “The Claman Countdown,” told Liz Claman that momentum in Congress is the strongest he has seen, with lawmakers from both parties advancing frameworks for the industry. A move that boosts Coinbase’s momentum towards building the super app.

He explained how his company wants to approach the buildout during the interview.

Coinbase intends to integrate services people typically get from banks and fintechs and deliver them on crypto rails. He pointed to a recently launched Coinbase credit card that pays 4% back in bitcoin as an early example and argued card networks’ 2%–3% swipe fees show why payments need an overhaul.

The longer-term target, he said, is a comprehensive application that handles spending, savings, payments and investing, not just trading.

Armstrong spelled out the ambition explicitly: “We want to be a bank replacement for people, we want to be their primary financial account,” adding that Coinbase aims to “provide all types of financial services,” not only crypto. He agreed with the framing that this amounts to becoming a super app and said crypto rails make that feasible by offering faster, cheaper settlement.

Washington and big banks

According to Armstrong, the path to the super app starts with lawmakers.

He pointed to the recent passage of the “Genius Act,” which established rules for stablecoins, and a separate market-structure bill now under debate in the Senate that would define how tokens like bitcoin and ether are regulated.

“This freight train has left the station,” Armstrong said, describing growing bipartisan interest in putting clear rules on the books. He argued that clarity could resolve years of conflict with regulators under the previous administration, who often treated crypto tokens as unregistered securities.

However, despite lawmakers’ historical push to help set a regulatory framework, one last hurdle needs to be cleared: The lobbying by big banks.

Some institutions, he explained, have sought to restrict rewards programs on stablecoins, claiming they would undermine the traditional payments business. Armstrong dismissed those concerns, saying crypto rewards are no different from airline miles or credit card points.

“American consumers want to earn more money on their money — that should be totally allowed,” he said.

While he criticized lobbying efforts to block competition, Armstrong also stressed that Coinbase partners with major banks such as JPMorgan and PNC to provide custody and payments services, showing parts of the sector are embracing crypto rails.

Staying ahead of rivals

While building a super app is a monumental task that has gained momentum, Coinbase still needs to look out for rivals who might be fighting for market share.

However, Armstrong isn’t worried; rather, he welcomes the competition.

With new exchanges entering the U.S. market, including platforms launched by Gemini and others, Armstrong said Coinbase benefits from its head start. He argued that a thriving ecosystem is essential for mainstream adoption, and Coinbase’s advantage comes from trust.

According to Armstrong, Coinbase now stores more crypto than any other provider, which encourages customers to use its broader suite of services from trading to payments. He said the ambition is not just to facilitate transactions but to eventually become the platform people use as their “primary financial account.”

Armstrong’s “primary account” vision echoes remarks from Robinhood CEO Vlad Tenev, who asked at the All-In Summit 2025, “Can we be your comprehensive financial platform?” and outlined banking and wealth features as steps toward that goal, according to a report by Business Insider published on Sept. 15. The comparison suggests multiple U.S. fintechs are angling to expand beyond trading into everyday finance.

Bitcoin outlook

The interview also touched on the broader market.

Armstrong avoided short-term predictions but said he sees “a good chance” that bitcoin could reach $1 million by 2030.

He cited three major tailwinds: regulatory clarity, the creation of a U.S. strategic bitcoin reserve, and heavy inflows into the newly launched bitcoin ETFs, 80% of which rely on Coinbase for custody.

He likened bitcoin’s role in portfolios to a hybrid of gold and equities, noting that many investors now view it as both a hedge against uncertainty and a long-term growth asset.



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September 21, 2025 0 comments
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Digitap's live crypto card app raises $100k and counting - 1
NFT Gaming

Digitap’s live crypto card app raises $100k and counting

by admin September 20, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ripple ends years-long SEC battle, clears XRP for retail sales as DigiTap eyes chance to capture momentum.

Ripple’s courtroom battle with the SEC was a hot story in crypto for nearly half a decade. In 2025, both sides finally dropped their appeals, which brought the case to a close. The resolution gave XRP a clearer position in the market: not a security when sold to retail buyers, but still subject to oversight when institutions are involved. 

Ripple also regained the ability to raise capital under Regulation D exemptions after the SEC waived its “bad actor” disqualification. Ripple can now move forward with larger plans, such as applying for a national bank charter. 

The settlement was seen as a partial victory and a milestone for U.S. crypto regulation. Still, years of fighting in court left a mark that will not fade quickly. Ripple lost valuable time fighting regulators instead of scaling. 

Even with the case resolved, doubts remain about how fast Ripple can rebuild momentum after so many years of distraction. This is the opening DigiTap is seizing.

Ripple’s missed opportunity

To upgrade cross-border payments, Ripple reduced costs and made transfers faster than the traditional SWIFT system. The idea was ambitious, and early partnerships with big banks indicated potential.

But years of legal battles slowed progress and kept many institutions on the sidelines. With XRP’s status uncertain, most were not ready to fully commit.

The courtroom fight also reshaped Ripple’s image. For a long stretch, the project was linked more to lawsuits and appeals than to innovation. By the time the case finally closed, the market had already moved forward.

Demand has grown for platforms that go beyond settlements to offer a full banking experience. Ripple’s narrow focus and the years lost in court have left it at a disadvantage.

DigiTap’s clean slate

Digitap enters the sector without legal baggage and with a broader vision. Instead of building only a settlement layer, Digitap is constructing an omni-banking platform that merges fiat and crypto into a single app. 

Users can hold multiple currencies, swap them instantly, send money globally, and spend with physical or virtual cards. The platform also integrates privacy tools, offshore account options, and enterprise-grade security.

Most importantly, Digitap has already delivered its first phase of the roadmap. Desktop and mobile apps went live for beta testing, ensuring the core product exists before the presale. This “build first, then raise” approach is unusual in crypto and gives the project a stronger foundation than token sales launched on promises alone.

Phase 2 is now underway with the TAP presale. The presale began at $0.0125, with the next stage set at $0.0159. In its first 24 hours, it generated nearly $100,000 — a strong start for the project.

Unlike Ripple’s slow grind through legal channels, Digitap has been able to move quickly, delivering a product and raising capital in parallel.

Tokenomics and utility

The TAP token underpins Digitap’s ecosystem. With a capped supply of 2 billion, it avoids the dilution concerns that plague some projects.

Most of the supply is set aside for the presale, marketing, and community rewards. The team’s share is only 1%, and those tokens are locked for five years; a focus on long-term growth over quick profits.

TAP is also designed with clear utility. It reduces fees on the platform, unlocks loyalty rewards and cashback, and grants voting rights in governance. A share of platform fees will be used to buy back and burn TAP, steadily reducing supply over time. 

This direct link between platform activity and token scarcity is something Ripple’s XRP lacks.

A different path forward

Ripple now has clarity, but it also has history. Years spent in legal deadlock created hesitation among banks and investors. Even with its “bad actor” disqualification lifted, Ripple still carries the reputation of a project weighed down by regulatory battles.

Digitap, on the other hand, offers a clean slate. It is not bound to old partnerships or slowed by courtroom politics. Instead, it has the chance to scale quickly, appealing directly to both individuals and businesses. 

By focusing on integration — banking, payments, transfers, and crypto management in one app — Digitap is targeting a larger opportunity than Ripple ever pursued.

The banking revolution will not be won by the speed of settlements alone. It will be defined by who can make global finance simple, accessible, and efficient. Ripple may continue to operate as an institutional settlement network, but Digitap is building the framework for everyday use.

Lost time, stalled adoption, and limited scope mean Ripple faces an uphill climb even with a partial victory. Digitap is arriving at the right moment with no such baggage, a live product, and a presale that has already shown strong progress.

For more information, visit the official website or the socials.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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September 20, 2025 0 comments
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Fee flow in Curve pools used in Yield Basis (CRV Governance Forum)
NFT Gaming

MoneyGram Makes Stablecoins Front and Center of Its Next-Generation App

by admin September 17, 2025



MoneyGram, the ubiquitous send and receive cash network for retail customers, has made U.S. dollar-pegged stablecoins and blockchain settlement rails the digital backbone of its revamped mobile app, the company said on Wednesday.

Customers in the Latin American country of Colombia, where MoneyGram has an extensive retail network of over 6,000 locations, will be the first to use the new app to receive and store stablecoin payments, with plans to expand to additional markets in the near future.

Colombia is the ideal launch market, says MoneyGram CEO Anthony Soohoo. It’s a major inbound remittance corridor where families receive more than 22 times the money they send abroad, and where the Colombian peso has lost over 40% of its value over the past four years.

When it comes to the advancement of stablecoins, Soohoo compares this to other killer apps such as the humble spreadsheet, which drove adoption in the early PC era, or what the browser did for the Internet, or GPS and mobile phones.

“Stablecoins really are the killer app for crypto and I think we’re just at the dawn of all the possibilities,” Soohoo said in an interview. “Our customers are able to hold and store a currency that is stable and allows for real time settlement. And with the GENIUS Act passed in the US, we now have a framework in terms of how it’s going to be regulated and how we can work with it.”

Under the hood, the new MoneyGram app is powered by Circle’s USDC stablecoin and Stellar, the fast and cheap blockchain, as well as Crossmint, a wallet infrastructure and stablecoin payments platform.

Stepping back, MoneyGram has close to half a million locations where customers can pick up cash or send money, Soohoo said. As a remittance provider, it services over 20,000 corridors around the world. MoneyGram also happens to be the largest cash on and off ramp for crypto, Soohoo added.

“When you talk about global payments there are a lot of companies that may have a presence and a strong brand in one market but when you leave the U.S., or the U.K., for example, no one knows about them,” Soohoo said. “We’ve been around for many years now and our brand is truly global.”



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September 17, 2025 0 comments
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