The platform, Loco Legends, will partner with 50 of India’s most popular e-sports teams and allow fans to buy and trade in virtual collectibles, not unlike how sports fans buy merchandise and collectibles for their favourite sports teams in the real world.
Limbavali, who is also a former minister, has also urged them to hire locals for low-end jobs. He said he has come across instances of tech companies hiring illegal immigrants from Bangladesh for low-end, unskilled jobs.
The application stimulates the shopping experience of customers for essential goods through the earn back programme offered to the consumers everytime they purchase, a company statement said here.
According to the sources, banks were asked to sanction loans for productive sectors to accelerate the revival of the economy facing headwinds, including the Russia-Ukraine war.
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.
The New Jersey-based cryptocurrency lending company froze withdrawals and transfers earlier this month due to "extreme" market conditions, in the latest sign of the financial market downturn hitting the cryptosphere.
The concern reflects how the data collection practices of companies like Alphabet Inc's Google, Facebook parent Meta Platforms Inc and Amazon.com Inc have the potential to incriminate abortion-seekers for state laws that many in Silicon Valley oppose.