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Year of Crypto Partnerships: Here Are the Most Notable Crypto Collaborations So Far in 2018
The cryptocurrency market may not have performed to expectation this year, but we can’t ignore the fact that there have been some big collaborations in 2018 that have given hope to the crypto community when it comes to digital assets. We have witnessed a good number of blockchain projects being launched too, with big names in the industry adding staff and making crucial changes to align with government regulations.
Top Crypto Partnerships in 2018
There are many companies in the crypto space that have joined hands to make the worlds of blockchain and cryptocurrencies better for everyone. Although there’s still some time left before the close of the year, in a post by InvestinBlockchain, they take a look at some of the biggest partnerships that have made headlines since January.
Blockchain.com and Ledger
One of the pioneers of cryptocurrency wallet providers, Blockchain.com, made headlines earlier in the year with a big partnership with Ledger, a cryptocurrency hardware wallet manufacturer, to produce Lockbox wallet. According to the announcement, the wallet was expected to be compatible with Blockchain.com, allowing users to keep a portion of their digital assets in a much secure cold wallet.
IBM and Stellar
Yes, IBM and Stellar began their relationship in late 2017, but they strengthened it this year, choosing the company to be their public network for the Hyperledger implementation. The giant tech company currently uses Stellar Network to run 9 validators, with its Universal Payment Solutions using the SLM’s network as a bridge asset for cross-border payments.
And there’s more! Just recently, IBM announced the Blockchain World Wire which will allow it to seamlessly transact across boarders quickly, using the Stellar protocol.
Binance and Tron
Binance, one of the biggest cryptocurrency exchanges, announced the Binance Blockchain Charity Foundation on October 4, after which Tron joined with a commitment and donation to see the non-profit organization succeed.
Binance launched the charity foundation to support the goals of UNDP, further exploring the use of blockchain technology and its impact to the society.
Coinbase and Circle
Have you heard about the new USDC stablecoin listed by Coinbase recently? Well, that’s a product of collaboration between the giant cryptocurrency brokerage and Circle, a Goldman Sachs-backed firm. The two came together to introduce stablecoins that cryptocurrency fans would use to mitigate risks against the volatility of the crypto market. They are said to be eying more stablecoins for the Euro, Japanese Yen and British Pounds.
Binance and Malta Stock Exchange
Malta Stock Exchange joined hands with Binance on September 11, 2018, looking to jointly launch a security token digital exchange, which would be the first-of-its-kind in the country. Best known as the Blockchain Island, Malta has established a good relationship with cryptocurrency and blockchain firms, attracting companies such as Binance and Bittrex to set up shop in the country.
These are only a few of partnerships that have been witnessed in the cryptocurrency scene this year; there have been many of them, and more are likely to come up in the remaining time of 2018. With some of these big companies coming together, there’s no doubt that the future of cryptocurrency is promising.