The Central Bank of Brazil Joins Hands with ImmutableX and Ark Invest for Matchday

03/08/2023 13:02 • Metaverse Matters • 164 views

12:00-21:00 Key words: Matchday, Central Bank of Brazil, ImmutableX, Ark Invest

Overview of important developments in the evening of March 8

Analysis based on this information:

On the day of a big match, 12:00-21:00 are the crucial hours when excitement and anticipation reach their peak. The Central Bank of Brazil has now entered this exhilarating domain by partnering with ImmutableX, a blockchain platform, and Ark Invest to innovate and facilitate Matchday experiences.

The first keyword, Matchday, is the heart of this partnership. Football matches in Brazil are a matter of national pride and passion. However, limitations in the current payment infrastructure have affected the ease and efficiency of purchasing tickets and merchandise. Through the use of blockchain technology, ImmutableX aims to create transparent, secure, and fast transactions to facilitate the pre-match and in-stadium experience for Matchday enthusiasts.

The second keyword, Central Bank of Brazil, further underlines the importance of this collaboration. As the principal banking authority in Brazil, the Central Bank’s involvement implies that they view this project as crucial for the development of the country’s economy. Furthermore, their endorsement of blockchain technology indicates a shift towards embracing innovation and digitization.

The final keyword, Ark Invest, adds another facet to this partnership. Ark Invest is a well-known player in the field of disruptive innovation, and their inclusion in the collaboration suggests that they recognize the potential of blockchain technology in transforming traditional payment structures. The participation of Ark Invest could also serve to increase investor confidence in this project.

The message mentions ImmutableX’s objective of creating a “zero-gas” infrastructure. In the world of cryptocurrency, gas refers to the transaction fees charged by miners to verify and process transactions. ImmutableX aims to eliminate these fees altogether by designing its platform to operate on the Ethereum blockchain, utilizing a technology called ZK-rollups. This will reduce the cost of transactions and make the process more accessible to those who cannot afford the higher transaction fees associated with other blockchain platforms.

In conclusion, the Central Bank of Brazil, ImmutableX, and Ark Invest are coming together to create a blockchain-based system that will enhance and streamline the Matchday experience for football enthusiasts. The project’s focus on transparency, security, and zero-gas transactions has the potential to revolutionize the payments industry in Brazil and beyond.

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The Central Bank of Brazil Joins Hands with ImmutableX and Ark Invest for Matchday

Overview of important developments in the evening of March 8

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