The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify the establishment of regulatory regimes that are likely to stifle further innovation. That notwithstanding, one Singapore-based blockchain payments company, Wadzpay, has partnered with Saudi Arabian fintech Geidea to provide financial solutions for pilgrims on their way to Mecca.
Providing a Cutting Edge Payment Experience to Visitors
Faced with the inevitable, some players in the crypto industry assert that tougher regulations are not going to stop cryptos and their underlying technology — the blockchain. They point to how digital currencies have been instrumental in lowering the cost of remitting funds inside and beyond national borders. According to this view, the ease and speed of moving funds across
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