Together they will build a community-driven platform backed by peer-to-peer payment service Fundrs
AllianceBlock has joined forces with Albanian dating app dua.com to build an integrated landscape of traditional and decentralized worlds.
With a shared mission to empower and connect communities AllianceBlock will support dua in the creation of dua.pay – a remittance transaction and payment platform leveraging DeFi to build a digital banking service for international deposits.
Dua.pay transactions will require $DUA – a stablecoin cryptocurrency backed by ALBT AllianceBlock’s digital asset. The teams will create a crypto wallet for dua.pay and a unique token reward system for its users.
This community-driven platform will be backed by AllianceBlock’s peer-to-peer payment platform Fundrs.
This innovation makes international remittances worth billions of dollars a year, significantly cheaper and more efficient.
According to AllianceBlock, which has already partnered with several blockchain and crypto start-ups, this partnership signifies the introduction of decentralized finance to traditional systems and is a bold move in the creation of superior international transactions.
Fundrs, a DeFi technology bridging TradFi and DeFi
Rachid Ajaja, CEO and co-founder of AllianceBlock, commented that “digital assets offered fragmented communities unprecedented opportunities through payments and remittances.
“This partnership is yet another example of a traditional company venturing into the crypto sphere,” he said.
“Through our Fundrs platform, AllianceBlock’s unique DeFi technology will help give dua’s users more control over their finances, enabling them to safely and cheaply send crypto assets to their families and communities.”
In addition, Ajaja noted that the future of finance will be an integrated system of traditional and decentralised finance working together to increase capital flows.
“We look forward to bringing the benefits of our DeFi technology to dua’s wide user base, and to creating real, valuable change,” he added.
Talking about dua pay, which has been accepted by Harvard Innovation Lab’s Venture Program, Valon Asani – CEO and Founder of dua.com – asserted that “while AllianceBlock is building the future of finance, dua is building the future of the community”.
“Together, we are building a future of both that goes hand in hand,” he said.
“AllianceBlock’s mission is noble and bold. We’re proud to be working with their amazing team.
“Bridging the huge gap between centralized, and decentralised finance will not only lower costs to create greater, faster, and easier access to capital, but it will also empower people.”