thecryptobasic.com
Hedera through the HBAR Foundation has inked a partnership with the Digital Euro Association (DEA) to drive innovation in the industry.
The HBAR Foundation is the primary body behind the development of the Hedera protocol. Its alliance with the Digital Euro Association, a think-tank with an interest in driving digital payments evolution, will go a long way toward bolstering its authority in the industry.
As revealed, the partnership was cemented in the duo’s alignment of innovation pursuit as it concerns digital payments, stablecoin, and Central Bank Digital Currencies (CBDCs).
The Perfect Alignment
As an association, the DEA thrives with multiple industry partners contributing to its advancement. The linkup between the Digital Euro Association and HBAR Foundation will bring the best minds together to work towards driving the growth of the blockchain ecosystem.
Hedera already boasts an advanced technology that enables the transfer of assets with fees at “a fraction of a cent.”
The exact ways the HBAR Foundation will be contributing to the growth of the DEA remains unclear at this time. However, members of the DEA may learn how the HBAR Foundation was able to develop Hedera as a Carbon-neutral protocol while still solving the trilemma of speed, low cost, and decentralization.
“As the lowest carbon footprint decentralized ledger technology […] Hedera is uniquely positioned to contribute to the growth of the digital currency ecosystem,” said Shayne Higdon, CEO of the HBAR Foundation.
Notable Industry Collaborations
It is not uncommon to find two entities in the crypto world joining forces to advance the industry’s evolution. As seen, the emergence of spot Bitcoin ETF came owing to the linkup of many firms.
In the Bitcoin ETF case, many of the issuers had to partner with Coinbase Exchange to offer custodial services for the product. The synergy between Ark Invest and 21Shares as well as Invesco and Galaxy Digital was also proof that partnerships may yield more for the entities involved.
The Digital Euro Association bonding marks the latest partnership the HBAR Foundation has inked in recent times and expectations are high as to what this alliance will bring forth.