• Tue. Jul 16th, 2024

nChain Strategizes on Digital Partnerships, Driving Mass Advocacy

Megan Ford

ByMegan Ford

Mar 29, 2023
  • nChain Acquires Gate2Chain
  • Verve Establishes SoftPOS in Nigeria

With the desire to transform the peer-to-peer (P2P) thrift by utilizing Web3 technology to allow consumers and creators, nChain and Gate2Chain officially joined forces. As a result of such collaboration, nChain now owns 20% shares of Gate2Chain.

Collectively, the two organizations will develop scalable Web3 technologies that let innovators and businesses tokenize their goods and services. The duo is well-positioned to significantly address global concerns thanks to their combined skills and resources.

The goal of Gate2Chain is to remove obstacles to Web3 growth by empowering organizations and companies to use ground-breaking solutions to improve their products. Gate2Chain’s features and toolkit, including on-chain data safety and tokenization, will be optimized across numerous industries by working with nChain.

With the start of a new commercialization step, this relationship signals the beginning of a new chapter for Gate2Chain. To protect the client’s technology, the partnership with nChain will offer security and legal assurance in enforcing intellectual property (IP) rights.

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To create affordable, structured, efficient, stable, and adaptable blockchain-driven technologies, Gate2Chain will use nChain’s technologies and IP rights. Gate2Chain prime mover and chief executive officer (CEO) Bart Olivares stated his happiness at working with nChain.

He said that because nChain has been crucial to Gate2Chain’s success, whenever he recruited new partners, he would provide it to them first. He thinks that the combination of Gate2Chain’s experience and nChain’s resources will significantly advance the advocacy of Bitcoin worldwide.

As per Christen Ager-Hanssen, nChain’s Group CEO, the collaboration between the two businesses will change the web as we now know it. He thinks they are collaborating to establish a peer-to-peer (P2P) economy that gives users additional power.

He disburses it to them, leading to a fundamental shift in possession and revenue creation that is more egalitarian. Three solutions are available to customers of Gate2Chain. The initial G2C Suite is a B2B business package offering a development foundation for connecting quickly to a highly scalable and successful blockchain.

The primary layer for such conversion between Web2 and Web3 is provided by such a plug-and-play solution (PnP). The second solution is Minta, a platform, wallet, and social media network that enables creators to tokenize their goods and services and create additional money while maintaining control over the terms of distribution.

The third option, Trace, deals with the challenges of sharp practice and product faking for manufacturers. It establishes and manages virtual replicas incorporated into its current information systems.

Verve Establishes SoftPOS in Nigeria

Alcineo and Verve have partnered to roll out a computer program point-of-sale (SoftPOS) software development kit (SDK) platform in Nigeria. Verve is a major payment card (preloaded cards) and African digital coin brand.

Due to this partnership, businesses can collect payments from clients using their mobile phones, making the payment process simple and convenient for all parties. The SoftPOS implementation is anticipated to help SMEs (Small and medium-sized enterprises) who need help using conventional point-of-sale (POS) technologies.

Additionally, the SoftPOS solution will use the Verve payments architecture and Alcineo’s experience to promote the expansion of electronic or digital payments in Nigeria, throughout Africa, and in the globe where Verve cards are accepted.

Although just 36.8% of citizens in Nigeria presently possess official banking accounts, this relationship supports Nigeria’s attempts to promote financial inclusion and boost the use of digital payments. Vincent Ogbunude, Verve’s MD, stressed the partnership’s influence on developing Nigeria’s digital payment ecosystem and the significance of offering Citizens simple access to payment choices.

Megan Ford

Megan Ford

Megan Ford is an accomplished news writer with a talent for capturing the essence of a story. With a keen eye for detail and a dedication to accuracy, her articles provide readers with a captivating and well-rounded perspective on current events.

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