Raise to Power Payments for Polkadot’s Upcoming Mobile App

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As a researcher with a background in blockchain technology and digital finance, I am thrilled to see Polkadot’s strategic partnership with Raise, a leading payment provider and global gift card giant. With my extensive knowledge of the crypto space and having closely followed Polkadot’s development, I believe this collaboration is a game-changer for the industry.

Polkadot‘s upcoming mobile application will integrate Raise’s innovative payment technologies, enabling users to execute cryptocurrency transactions more efficiently. This will provide a user-friendly and safe environment for managing digital assets and making routine purchases.

Partnership Details

The Polkadot mobile application has secured a partnership with Raise, a prominent payment provider and global gift card company, to power its transaction capabilities. Parity Technologies, Polkadot’s parent company, announced this collaboration to integrate Raise’s sophisticated payment systems into the upcoming app. This alliance promises to deliver a more efficient and secure platform for managing cryptocurrency transactions on Polkadot.

Integration and Benefits

As a crypto investor, I’m excited about the upcoming integration of Raise’s advanced payment system into Polkadot’s powerful blockchain and DeFi platform. This collaboration is anticipated to simplify digital transactions for users globally, enabling faster and more effective money transfers. The fusion of these technologies will add features such as real-time transaction processing, multi-currency compatibility, and heightened security measures within the Polkadot application.

Raise CEO Discusses Partnership

George Bousis, the Founder and CEO of Raise, spoke about the news, emphasizing how Raise is closing the divide between modern digital finance and traditional financial methods. He also shared that as early as 2015, Raise had explored its potential use in customer transactions; however, they faced limitations due to technological hurdles.

Talking about the partnership with Parity, Bousis said, 

“With Polkadot’s blockchain technology, our vision becomes a reality. In collaboration with Parity, we are simplifying the process and adding incentives for individuals to employ cryptocurrency in their daily purchases. We eagerly anticipate demonstrating how effortlessly crypto can be incorporated into retail and e-commerce sectors.”

Future Plans

In Q3 of this year, the Polkadot application is set for launch. Through Raise’s white-label API, users can make purchases at numerous stores, online and offline, earning a cashback reward of 20% in $DOT on each transaction. The app boasts an improved interface for simpler digital asset management. Throughout the rest of this year, the collaboration between Polkadot and Raise will work towards expanding their offerings globally by onboarding over 33 countries and more than 5000 brands to crypto payments.

Björn Wagner, the Co-founder and CEO of Parity Technologies, showed great appreciation for Raise’s innovative approach to linking cryptocurrencies with retail by means of their gift card system.

He remarked, 

“I’m thrilled with what we’ve accomplished so far by integrating $DOT into commercial systems, giving all our ecosystem members the ability to use their assets in traditional commerce. Our collaboration with Raise expands this opportunity to a whole new market segment of e-commerce, and this is just the start of our future plans.”

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2024-07-24 11:03