Fantom DAG-based Smart Contract Platform to Add Support for Terra Stablecoin Payment System
The Terra which has focused its resources on building the next generation payment system has just announced the strategic partnership they have gotten into with the Fantom platform. Fantom has been considered to be the world’s very first DAG-based smart contract platform that can be used for the real-time crypto payments that take place. This is to ensure it is able to accelerate the mainstream adoption of their stablecoin.
More On The New Partnership
It has been said that Terra, together with its alliance of partners within the e-commerce will go ahead and join their forces with the Fantom platform along with the Fantom Enterprise Alliance. All this is to ensure they bring the best payment system that has been based on the blockchain technology. One that can be used on both the online platforms and the offline retailers who are across the different industries.
Both companies, Fantom and Terra will be able to go ahead and address the different challenges that are faced in crypto adoption among the different enterprises. All this will be achieved by releasing the Terra SDR-pegged stablecoin right on to the Fantom blockchain based platform, the Opera.
The Fantom Company Has Ensured To Partner With The Best
The Fantom company has ensured they have partnered with the keys players within the market who are spread across different industries to ensure building the Fantom Enterprise Alliance is a success. The most notable partnership that the company has been able to forge is with the Korea Food Tech Association.
This is an organization that has over 90 for tech member companies, all this being valued at around $177 billion. But this is not all as companies like the SBCK and Oracle have also partnered with the company as some of the major partners we should expect to see.
With these partnerships in place, it will allow Terra to expand the use case of their stable coin quickly. At the same time, this will enable the Fantom platform to provide there partnering developers, enterprises and the dApp consumers with the best reliable payment method.
According to Daniel Shin, the Co-founder of Terra, they firmly believe that broad adoption of the system is key if they are to create a successful stablecoin.
The trust they are looking to acquire from users will eventually come from the ease of using the Terra platform; this is in the purchase of services and goods that we need for our everyday life. The Terra platform has worked hard in ensuring they have developed a stablecoin that is suitable for the mainstream adoption, and from this, they are very excited with the partnership they have gotten into with Fantom and the Enterprise Alliance.
All this has happened to ensure they are able to provide a payment solution that is backed on the blockchain technology to the offline consumers and retailers who are spread across the industry.
Byung Ik Ahn, who is the Fantom CEO, went on to say that the company has been dedicating its tasks in fulfilling its vision, this is the creation of the decentralized world that has been driven by the mainstream adoption of the emerging technologies together with crypto coins.
Both Fantom and Terra share the same vision; thus, this is a fascinating move on how both companies will be able to collaborate in the offline and online payment market.
The Terra company is building the future of money this is by developing a proper blockchain payment system together with a stablecoin. And the growth of the company has been propelled by the growing e-commerce alliance that has been spread across the Asian market, one that includes the Asia Pacific giants. This is the likes of Baemin, TMON, and Carousel.