Cardano Foundation Announces Partnership With Lykke Corp: Report

The Cardano Foundation announces the new partnership with the Switzerland-tech firm Lykke Corp in order to see blockchain technology promotion via Lykke’s products and services and to boost the fintech’s company share, as we are reading more in the Cardano coin news today.

According to a blog post by the Cardano foundation, the latest partnership will see ADA using its blockchain to promote the fintech’s products and services but will also boost the firm market share, as per the Cardano coin news today let’s go on. Commenting on the development, the chairman of the Cardano Foundation Nathan Kaiser said he was feeling quite enthusiastic about this deal and went on to say:

 “Through this collaboration, both the Cardano Foundation and Lykke Corp will seek to build out financial infrastructure and offer services that will both empower the Cardano ecosystem and enrich the wider blockchain space.”

Se we found out in the Cardano cryptocurrency news, Lykke is a Switzerland-based fintech company that was created to bridge the gap between the financial traditional industry with one of the blockchain. Lykke makes this a great opportunity by offering traditional assets alongside major cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and many more on its exchange. Lykke obtained a regulatory license from the Cyprus Security and Exchange Commission and is now trying to get approval from the Swiss Financial Market Supervisory Authority in order to enhance its financial scope and product offering in the country.

The Cardano Foundation has partnered with Lykke Corp to combine our #blockchain expertise with Lykke’s #fintech expertise for the deployment of Lykke’s new products and services on #Cardano. Read more: https://t.co/Yl2Oz3eAIw pic.twitter.com/VeKu7YOQqw

— Cardano Foundation (@CardanoStiftung) July 22, 2020

If they get the license, the Cardano Foundation announces a new plan for combining its blockchain expertise with Lykke’s fintech skills in order to deploy the products and services on its blockchain. As per the Cardano cryptocurrency news, the development is in line with the mission ADA has to engage in meaningful partnerships that will foster the growth of the entire ecosystem and will further create more value for its stakeholders.
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Richard Olsen, the CEO of Lykke Corp said:

 “Our collaboration with the Cardano Foundation enhances the organized trading facility (OTF) offerings of Lykke, and paves the way for new Lykke products and services built and deployed on Cardano.”

In the meantime, in the Cardano ADA news from a few days ago, we saw that ADA is doing extremely well on the binance Futures Platform with a $3.2 billion volume recorded on the exchange since the start of July.