The cryptocurrency market continues to grow with various partnerships. In this article, we will cover the latest partnerships announced by Ripple and the 5 altcoin projects. Here are the details…
Ripple partners with SBI Remit
SBI Remit, the global money transfer division of SBI Group, and leading blockchain company Ripple have announced the groundbreaking collaboration that gave birth to SBI Ripple Asia, in a strategic move that will reshape the landscape of international money transfers. The focus of this innovative initiative is to introduce Ripple’s XRP-backed remittance solution to bank accounts in the Philippines, Vietnam, and Indonesia and kick off the implementation phase this month.
XRPを活用した国際送金ODLにおいて、日本からの送金可能国拡大を発表、フィリピンに次いでベトナム・インドネシアも送金可能国へ追加となりました。
昨年7月にSBIVC内のODL対応システムをリニューアルしましたが、いよいよ今回送金可能国の拡大となりました。
引き続きユースケース拡大に努めます。 https://t.co/HLOW306fra
— 近藤 智彦@SBI VC Trade (@tomohiko_kondo) September 6, 2023
SBI Remit has been using Ripple’s cutting-edge services for cross-border money transfers since 2017. In a landmark development in 2021, it offered a cryptocurrency solution powered by Ripple technology, making it the first international money transfer service in Japan to use XRP as an intermediary currency between two fiat currencies and funds to a crypto wallet in the Philippines. facilitated the transfer. Building on this remarkable success, the expansion will now include bank accounts in three Southeast Asian countries.
Ponta and Avalanche collaborate
In another corner of the blockchain world, Loyalty Marketing, Inc., the Japanese startup behind the popular loyalty rewards program ‘Ponta’. It has announced a strategic partnership with blockchain services provider PlayThink to move Ponta to Blockchain by the end of 2023. This transformative venture will leverage Avalanche’s innovative Subnet infrastructure to provide Web3 services to Loyalty Marketing’s massive user base of nearly 100 million accounts.
PlayThink and Loyalty Marketing #ChoseAvalanche to create a tailor-made chain that has the compatibility of the EVM with Avalanche's ultra-fast time-to-finality.
This also ensures it can consistently deliver services without worrying about other apps consuming shared resources.
— Avalanche 🔺 (@avax) September 6, 2023
The collaboration between PlayThink and Loyalty Marketing is an important development in the world of Blockchain and loyalty reward programs. Ponta’s integration into the Avalanche Blockchain ecosystem represents a bold step towards the future of digital loyalty rewards, including the issuance and distribution of digital collectibles such as NFTs to millions of users.
dYdX announces plan for Cosmos network
Meanwhile, the decentralized exchange (DEX) platform dYdX is gearing up for a major shift. They plan to offer a “fully decentralized” order book exchange as they migrate their ecosystem from the Ethereum network to the cross-chain network Cosmos. At Korea Blockchain Week 2023, dYdX Foundation CEO Charles d’Haussy spoke about DEX’s plans to implement decentralized order books on the exchange and how it plans to shift its ecosystem to a new Blockchain network.
Alchemy Pay integrates with Polygon’s zkEVM chain
Finally, Alchemy Pay is putting its payment services on Polygon’s new zkEVM chain. It aims to be one of the first fiat-crypto on-ramp providers to support the ZkEVM ecosystem. This development means that network users from around the world can now purchase cryptocurrencies using their preferred local fiat payment method. Built on the new zero-knowledge proof network, developers can now take advantage of Alchemy Pay’s direct-to-customer plugin that can be easily integrated and deployed by dApps and platforms with minimal cost and hassle.
