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Home Crypto News Market IOTA And Curv Entering Into A Significant Partnership To Expand Iota Ecosystem

IOTA And Curv Entering Into A Significant Partnership To Expand Iota Ecosystem

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The Berlin crypto company IOTA and the digital custody provider Curv are entering into a partnership.

IOTA is entering into a new partnership. Their new partner is Curv. Curv protects and store digital assets of institutions with its cloud wallet. Through the cooperation with Curv, every app or entity that uses Curv’s institutional custody network would have the opportunity to support the in-house IOTA token (MIOTA).

This includes exchanges, and decentralized financial products (DeFi) such as Celsius, Stakehound, Staked.Us and Genesis Trading.

Iota was enthusiastic about the new cooperation. IOTA mentioned on their blog:

We are very excited about the integration of IOTA into Curv and look forward to seeing how the IOTA token is absorbed into an entirely new ecosystem of financial services, exchanges and dApps.

The partnership with Curv is important for the Iota for two reasons. The Curve wallet offers better options for MIOTA large investors to safely store their asset under regulatory compliance, and legal requirements.

There are many products and services that require the use of a custody solution to support digital assets. Until now, MIOTA could not have been added to a number of partner platforms, as a custody solution, but now Minota can easily be accessible by large numbers of institutional investors.

Other than this partnership, IOTA recently announced a partnership with tech giants Dell and Intel. The joint project “Alvarium” aims to measure the trustworthiness of data in order to ensure error-free communication of smart contracts.

Read: 5 Altcoin News To Follow This Week. ETH-IOTA-FIL-POLS And LIT

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammara Mubin
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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