Author: Isabella Taylor

The apprehensions regarding trust continue to dominate most of the concerns associated with adoption of new technologies like blockchain. Blockchain has proved to be a highly disruptive technology, especially in the financial services sector, disrupting business models and unearthing new levels of efficiency. The adoption of blockchain in financial services raises many questions about the possible ways in which financial institutions can build trust using blockchain. Financial institutions have embraced blockchain technology with enthusiasm, thereby making organizations think about ways to tap into its innovative potential without the risks. The best thing about blockchain that builds trust in financial services…

Binance launched a USD1 rewards campaign, distributing $40m in WLFI tokens through weekly airdrops. WLFI payouts are based on users’ net USD1 balances, with higher rewards for USD1 used as collateral. USD1’s market cap has surpassed $3 billion, while WLFI activity has increased across DeFi and payroll uses. Binance has rolled out a new rewards campaign for users holding USD1, offering weekly WLFI token airdrops with a total of $40 million in WLFI earmarked for distribution. The exchange said eligible accounts that maintain a USD1 balance between Jan. 23 and Feb. 20 will receive rewards throughout the programme. The initiative…