Crypto On LYO: The Blend — LYOPAY Launches LYOBRIDGE, Bitcoin Wallets Surpass Million Mark, Amazon Implements AI
What happened in the crypto world in the last week? Let’s see some interesting news together!
LYOPAY Launches LYOBRIDGE — The Connecting Factor Between Multiple Blockchain Networks
LYOPAY, earlier this week, announced the launch of LYOBRIDGE — a platform that establishes a link between LYO Credit BEP20 and ERC20 blockchain networks, allowing the transfer of the token across them.
Every exchange has a limited number of supported chains, which can exclude transactions involving LYO Credit (LYO) tokens on exchanges that do not support the BEP20 protocol.
LYOBRIDGE is designed to enable the listing and trading of LYO tokens anywhere.
Utilizing LYOBRIDGE has several benefits such as cross-chain interoperability, asset diversification, liquidity, access to DeFi applications, and lower transaction fees.
More information on: docs.bridge.lyotrade.com
Bitcoin Wallets Surpass Million Mark
Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices.
Data from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on May 13. This is a 20% bump since February last year.
The data shows that bitcoin wallets holding one token grew by 79,000 between November and January — amid the collapse of crypto exchange FTX as prices fell from over $22,000 to briefly under $16,000.
Amazon Implements AI to Enhance Logistics and Delivery Speeds
Amazon is prioritizing using Artificial Intelligence (AI) to enhance delivery speed by reducing the distance between products and customers.
Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfilment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI for transportation, such as mapping and route planning, and considering factors like weather conditions. Additionally, AI assists customers in finding the desired products when searching on Amazon.
Currently, Amazon is prioritizing AI to optimize its inventory. Amazon has been prioritizing its “regionalization” initiative, which aims to deliver products to customers from nearby warehouses instead of distant locations.
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