offshore

“Empowering Individuals from Unstable Economies: Nsave Secures $4 Million for Offshore Account Access”

Amerabdallah Pr
Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries at war or those with unstable banking sectors or facing high inflation, has raised $4 million seed funding. Amer Baroudi and Abdallah AbuHashem co-founded nsave in 2021 from lived experiences. “And then based on the risk scores, you might be prompted into different streams of questions or enhanced due-diligence mechanisms. Also, in war-torn countries like Sudan, people with savings in local banks have a hard time accessing their money. “Now nsave is live, there’s finally a trusted option to protect their users against the rampant inflation of distressed economies, providing safe, stable offshore accounts to people who need them the most.”

Massive Offshore Wind Farms Deliver Delicious Battery Power to the US Power Grid

Wind Turbine Vinyard Wind Worldview Films
Offshore wind turbines at two commercial-scale sites are now sending power to the U.S. grid. The firms wanted to deliver offshore wind power via the site before the end of 2023; they missed that goal by just a few days. The Vineyard Wind news comes about a month after another offshore site near Montauk Point, New York declared a similar breakthrough. Dubbed South Fork Wind, the offshore wind project so far has two turbines installed, with one operating. Yet, U.S. offshore wind has suffered some blows recently, in spite of support from the Biden administration, which made offshore turbines a key part of its strategy to reduce climate pollution.