blockchainreporter.net
Plena Finance, a crypto super app that uses account abstraction, has recently announced an exclusive partnership. The collaboration between Plena Finance and Kima Network focuses on enhancing decentralization as well as the accessibility of cryptocurrency for the common masses. The platform took to its official X account to announce this mutual endeavor.
Plena is super excited to partner with @KimaNetwork 🤝
— Plena – Crypto Super App (@PlenaFinance) August 6, 2024
Kima Network is a cross-ecosystem money transfer protocol that enables seamless & secure TradFi/DeFi interoperability without smart contracts.
Together, we look to further true decentralization & make crypto more accessible… pic.twitter.com/nEWzNIBKrH
Plena Finance and Kima Network Join Forces to Increase Decentralization
In its exclusive X post, the company expressed its excitement for the respective partnership. In addition to this, the platform noted that the Kima Network operates as an advanced protocol for fund transfer across ecosystems. As per Plena, the collaboration denotes a crucial landmark in its mission to drive crypto accessibility and decentralization.
The innovative technology enables secure and seamless interoperability between decentralized finance and traditional finance ecosystems. For this purpose, it does not require any smart contracts. The current integration will permit Plena consumers to transact between diverse ecosystems. This encourages a more connected and inclusive crypto sector.
The Endeavor Helps Enhance Financial Freedom of the Consumers
With this partnership, both Kima Network and Plena Finance target eliminating the hindrances to financial freedom. In this respect, they focus on enabling the consumers to control their financial operations. The respective collaboration will pave the way for exclusive possibilities to facilitate the consumers. It will provide them with a relatively user-friendly and comprehensive experience.
As the collaboration unfolds, Kima and Plena will provide additional information, updates, and insights regarding collaborative efforts. According to Plena, this initiative serves to increase security and inclusiveness in the interoperability between TradFi and DeFi.