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How to Pay Netflix and Apple TV Subscriptions using Cardano Tokens
Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.
Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other's ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield's GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto's REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.
Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues.
A Blockchain-Based Subscription Service
The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account.
Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain.
Here is a summary of how the subscription management app will work:
Download the Revuto app and set up an account, a straightforward process;
Add subscriptions you intend to manage. They could range from music streaming services like Netflix, software packages, and more.
Once the subscriptions are linked, you can begin paying using GENS and other supported tokens.
The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don't have to cancel the subscription when you want to snooze payments for a while before resuming.
The Cardano Blockchain Provides Base Support
Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network.
Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.
Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement.
More Than Just Subscriptions Management
Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency.
Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.
Forecasting Growth in The Subscriptions Sector
The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets
There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.
Looking Forward
Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.
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Company Name :- Genius Yield
Email Id :- [email protected]
Company Website :- https://www.geniusyield.co/
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Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry. Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year
A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, “fewer economists” predict the ECB will raise the benchmark bank rate earlier. Moreover, a […] NEC Releases New iPASOLINK VR4 and 25Gbps Capable iPASOLINK EX Advanced Dual to Support Increased Capacity for 5G Networks
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NEC's iPASOLINK microwave and millimeter radio products are well known and trusted for their reliability and performance by operators who require high availability and high-capacity operations across a wide range of network applications and environmental conditions. The new iPASOLINK VR4 includes support for the NEC Multi-Traffic Aggregation (MTA) feature with the ability to achieve a more wide-band interface and higher density implementation.
The new iPASOLINK VR4 features a new MC-AV card that comes standard with Adaptive Modulation Radio (AMR) and supports channel widths up to 80 / 112 MHz and 4096 QAM for operators wanting to add higher capacity links and to maintain high availability. The new MC-AV also adds MTA functionality, an advanced wireless aggregation technology that allows milli-meter Wave (mmW) and microwave radio links to be combined to form even higher capacity multiband links. The MTA feature can combine up to 10 channels of microwave and mmW band radio, for a total combined capacity of 10 Gbps.
To support the increased radio capacity that the new iPASOLINK VR4 can deliver, NEC has also increased the front panel Ethernet port speeds by adding support for four 10Gbps SFP Ethernet interfaces, making it possible to support the MTA radio capacity and meet the demands of operators who need higher speed ports to address wider and more complex network topologies. The new SFP ports support industry standard 10GBase-SR/LR SFP 10Gbps transceivers.
The iPASOLINK EX Advanced Dual E-Band radio now adds support for 25GbE interfaces in a dual transceiver single box solution, lowering the total cost of ownership (TCO) for network operators, simplifying cable management and increasing link capacity and availability for operators. The iPASOLINK EX Advanced Dual's built-in 20Gbps wireless transceiver can be combined with other iPASOLINK products, including split mount and all-outdoor radio equipment using the Multi-Traffic Aggregation function to provide a true 25Gbps radio link. The 25GbE interface ensures that there is no need for a complex LAG interface with multiple cables to deliver traffic to the interconnected network infrastructure.
In addition to the capacity increase, NEC has also improved the RF performance of the iPASOLINK EX Advanced Dual, increasing the transmit power by 3dB, to achieve the industry's highest power level. The additional TX power makes it possible to extend the transmission distance and improve availability, which are key issues in E-Band radio applications. As part of the RF improvements NEC has also added support for 1.5 GHz channel-widths making more efficient use of precious spectrum resources and increasing the flexibility of network design.
iPASOLINK EX Advanced Dual supports standard Ethernet technology-compliant interfaces, which support both 5G backhaul networks and future 5G fronthaul networks. Moreover, the new iPASOLINK can also be deployed as an alternative to fiber or fiber backup applications for internet service providers (ISP), enterprises, and markets for municipalities, universities, schools and hospitals (MUSH).
"NEC will continue to provide innovative products that meet the needs of our customers. An important factor in 5G networks that are now being implemented is to provide high-density, simple and fast transport," said Yukio Hioki, General Manager, Wireless Solutions Division, NEC Corporation. "In addition, in order to aggregate radios of various bands and realize flexible channel arrangement, it is important that many band options are available and that the optimum radio-head can be selected. NEC is pleased that this not only avoids excessive capital investment, but also reduces unnecessary waste, reduces the environmental burden, and contributes to the sustainable activities of our customers."
Note:
The iPASOLINK EX Advanced Dual part of this press release is based on results obtained from a project commissioned by the New Energy and Industrial Technology Development Organization (NEDO).
About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comNEC Corporation today announced the global release of its new iPASOLINK VR4 for telecommunications providers looking to expand network capacity and also announced the global release of its 25Gbps capable iPASOLINK EX Advanced Dual for optical fiber replacement and flexible deployment planning for leading operators expanding into 5G networks.
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It’s widely thought that PSVR 2, Sony’s next-gen VR headset for PlayStation 5, is expected to release sometime the last half of 2022, which would position it as a pretty tempting gift for this holiday season. Now, a report from noted PSVR leaker ‘PSVR Without Parole‘ alleges the headset will launch instead in early 2023. […]
The post Report: PSVR 2 Rumored to Release in Early 2023, Missing Holiday Season appeared first on Road to VR.
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