Hedera, Coldware, and More: Significant Crypto Alliances of March
In Brief
As we navigate the third week of March, strategic alliances are redefining the cryptocurrency landscape. Exciting developments are underway, including Centi and Yellow Card's expansion of remittance services into Africa, as well as Hedera's significant tie-up with SWIFT. Coldware is also witnessing a surge in interest among major investors, while Cardano's initiatives in Latin America are generating considerable buzz.
Centi and Yellow Card Team Up to Expand Remittance Services Between Switzerland and Africa
Swiss fintech Centi is now collaborating with the pan-African crypto exchange, Yellow Card to simplify money transfers aiming to reach 20 African nations, a significant jump from its previous coverage of just eight. This collaboration greatly enhances Centi's footprint on the continent.
As a result of this partnership, users in Switzerland can convert their currency into digital assets, securely store them in Centi's non-custodial wallets, and send payments seamlessly to various African nations. Recipients conveniently receive funds in their local currency, facilitated by Yellow Card’s seamless crypto-fiat payment solutions.
Centi’s CEO, Bernhard Muller, pointed out that migrants have historically faced steep exchange rates and hidden fees in traditional remittance services. Centi aims to disrupt this norm, enabling senders to retain more of their money.
Echoing Müller’s statement, Yellow Card’s CEO, Chris Maurice, highlighted that their alliance with Centi broadens their reach and facilitates 'instant, transparent, and secure' transfers utilizing stablecoins for millions across Africa.
This partnership exemplifies a broader trend of international payment firms joining forces with African crypto companies to streamline remittance processes.
Just last year, Coinbase formed a partnership with Yellow Card to facilitate fiat-to-crypto conversions and cross-border stablecoin transactions via its self-custodial wallet.
WhiteBIT Collaborates with Bequant to Elevate Institutional Crypto Trading
WhiteBIT , Europe’s busiest cryptocurrency exchange based on traffic, is teaming up with Bequant , a well-regarded institutional trading platform, to upgrade trading capabilities for professional investors. This collaboration is designed to forge a strong trading environment equipped with sophisticated tools, extensive liquidity, and compliant solutions.
As institutional interest in digital currencies grows, traders are increasingly seeking quick access to liquidity and regulatory-compliant frameworks.
WhiteBIT’s Founder, Volodymyr Nosov, described this partnership as a leap toward providing institutional clients with 'unmatched access' to liquidity, compliance, and cutting-edge trading technology.
George Zarya, Founder of Bequant, shared similar sentiments, asserting that their expertise will contribute to 'deeper liquidity' within Europe’s institutional crypto markets.
Bequant specializes in offering institutional services like OTC trading, financing, and secure custody, focusing on market making, quantitative trading, and liquidity solutions. Through this cooperation, WhiteBIT’s infrastructure will be integrated with Bequant’s brokerage system, thus enabling market makers and high-volume traders to optimize their strategies.
Institutional clients will benefit from WhiteBIT’s impressive $2 trillion annual trading volume, efficient multi-market trading across spot, futures, and margin markets, in addition to compliance with ISO/IEC and GDPR standards.
In further strengthening WhiteBIT’s position in the institutional crypto space, connections via APIs will offer real-time data and automated trading options.
El Salvador and Paraguay Join Forces to Strengthen Crypto Regulations
In a bid to enhance oversight and curb illegal activities such as money laundering, El Salvador and Paraguay have entered an agreement to bolster bitcoin regulations. This was formalized last Friday through a Memorandum of Understanding (MOU), which establishes collaboration between Paraguay’s SEPRELAD and El Salvador’s CNAD, thereby improving both nations' regulatory frameworks.
The pact emphasizes the need to reinforce anti-money laundering measures, raise awareness of detecting illicit crypto operations, and promote a more transparent digital asset marketplace. El Salvador’s CNAD is recognized for its advanced legal network focused on monitoring digital assets through innovative technological approaches.
It remains to be seen whether Paraguay will adopt the same licensing framework outlined in the agreement. This move aligns with El Salvador’s prior regulatory cooperation with Argentina’s Comisión Nacional de Valores (CNV) last December, which reflects a broader trend of Latin American nations collaborating to establish robust crypto regulations.
SUI Gains Momentum Following Alliance with WLFI
Sui , a leading Layer 1 blockchain, has partnered with World Liberty Financial (WLFI), a DeFi protocol partially owned by Donald Trump. This partnership aims to boost access to decentralized finance (DeFi) while reinforcing the global role of the US dollar within the cryptocurrency ecosystem. In the wake of this announcement, SUI’s native token surged by 14%.
Through this collaboration, WLFI will incorporate Sui assets into its 'Macro Strategy,' a token reserve designed to support key blockchain initiatives. Eric Trump, serving as WLFI’s Web3 Ambassador, praised Sui for its innovative features and scalability, stating that it aligns perfectly with their mission. Co-founder Zak Folkman noted that Sui’s capabilities and adaptability resonate with WLFI’s aim to broaden DeFi access to a larger American audience.
Evan Cheng, CEO of Mysten Labs, the firm behind Sui, expressed that this partnership could transform asset management and empower users with enhanced financial control. Sui has experienced rapid growth, exceeding $70 billion in decentralized exchange (DEX) trading volume and attracting over 67 million user accounts.
WLFI has also significantly boosted its crypto portfolio by transferring $307 million in digital assets to Coinbase Prime. The involvement of the Trump family in WLFI, along with investments from notable figures like Justin Sun, underscores its ambition to significantly influence the DeFi landscape through stablecoins, NFTs, and innovative blockchain integrations.
Shift Markets Partners with Cobo to Improve Security & Scalability for Crypto Exchanges
Shift Markets , a prominent provider of white-label exchange infrastructure, has announced a strategic collaboration with Cobo , a world-recognized digital asset custody and wallet service provider. This partnership offers operators a seamless, comprehensive solution that bolsters security and scalability for cryptocurrency exchanges.
By merging Cobo’s custody capabilities with Shift Markets’ trading platforms, emerging exchanges can focus on user growth and product diversification without compromising on security. This streamlined approach mitigates complexity and operational delays by alleviating the need for multiple service providers.
Highlighting Cobo’s strong reputation within digital asset custody, Matt Miller, Co-Founder of Shift Markets, underscored that it is an ideal partner for their exchange solutions, allowing customers to expand confidently while ensuring top-notch security.
Cobo's leadership echoed this perspective, affirming that the collaboration aligns with their mission to deliver comprehensive solutions beyond mere custody, enabling exchanges to foster a secure environment for innovation and long-term success.
Surge in ADA Adoption as Cardano Collaborates with Brazil’s Biggest IT Company
By forming a partnership with Brazil's leading IT firm, SERPRO (Serviço Federal de Processamento de Dados), Cardano Foundation Cardano has taken remarkable steps towards fostering broader blockchain acceptance across Latin America. uk This collaboration, announced on Thursday, aims to integrate Cardano’s blockchain technology within Brazil’s public sector, with the potential to transform government digital services dramatically.
The foundation refers to SERPRO in their formal release as the 'world’s largest state-owned Information Technology company,' emphasizing that this alliance will accelerate blockchain adoption and the digital transformation of public services throughout Latin America.
SERPRO, currently managing Brazil's largest digital government platform, oversees a staggering 33 billion transactions annually, catering to 90% of the federal government, thus positioning Cardano as a key player in Brazil's tech-driven modernization efforts.
Charles Hoskinson, the creator of Cardano, expressed gratitude for the foundation's efforts in securing this partnership and acknowledged the importance of this alliance.
Frederik Gregaard, CEO of the Cardano Foundation, described this agreement as a 'transformational step' towards modernizing Brazil’s public services using blockchain education and technology.
Other significant partnerships, such as those with Entre Ríos Province in Argentina and the BitcoinOS network, have been integral components of Cardano’s expansion strategy, further solidifying its presence in the region.
Hedera’s SWIFT Alliance Captures Investor Interest, Coldware Thrives Among High-Stakes Investors
Continuing strategic partnerships are shaping the crypto market, as uz (HBAR) garners heightened investor interest following its recent collaboration with SWIFT.
This alliance allows Hedera to solidify its stance in cross-border payments; uz Coldware is making headlines with its innovative 'Freeze.Mint' system, which enables smoother transactions across various sectors.
Coldware is positioning itself as a noteworthy competitor to established blockchain networks like Ethereum and Hedera.
What sets Coldware apart is its use of distributed IoT devices for transaction validation, ensuring total decentralization and enhanced scalability. This approach is particularly appealing in the Web3 era, aligning perfectly with the crypto community's growing emphasis on decentralized finance (DeFi) solutions.
Hedera, Coldware, and More: Key Crypto Partnerships of March - Metaverse Post
March has brought forth some pivotal crypto partnerships, showcasing Hedera's alliance with SWIFT, growing interest from whales in Coldware, and Cardano's expansion into Latin America. These collaborations are also making waves in the fintech sector, revolutionizing remittances, institutional trading, and fostering the growth of decentralized finance (DeFi).
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Metaverse Post Featured Hedera, Coldware, and More: Key Crypto Partnerships of March