As a researcher with a background in blockchain technology and digital assets, I’m excited about the latest announcement from Zero Hash regarding the integration of Sui’s token onto their platform. Sui is a promising Layer 1 blockchain that boasts impressive features such as unparalleled speed, security, and scalability, making it an attractive option for developers building advanced smart contracts and large-scale applications.
Grand Cayman, Cayman Islands, July 11th, 2024, Chainwire
In simpler terms, Zero Hash, a prominent crypto and stablecoin infrastructure provider, has made it possible for users in allowed regions to utilize the SUI token on their platform, which is based on the Sui Layer 1 blockchain.
Sui was created with the goal of delivering exceptional speed, security, and capacity. It offers almost instant transaction settlement and can handle up to 297,000 transactions per second. By employing the innovative Move programming language, Sui empowers developers to create sophisticated, secure smart contracts. The Sui blockchain has already processed over four billion transactions, demonstrating its ability to accommodate large-scale applications and services.
Zero Hash’s advanced technical and regulatory framework allows for the compliant transfer of fiat currency, cryptocurrency, and stablecoins. Zero Hash’s APIs and software development kits (SDKs) make it simple for businesses to incorporate blockchain technology, including Sui, into their operations with little effort. By providing access to over 65 digital assets and 22 blockchains, including Sui, Zero Hash empowers businesses to create interconnected and interoperable crypto and stablecoin solutions for the next generation of money transactions.
As a crypto investor, I’m excited to share that the Managing Director of the Sui Foundation, Greg Siourounis, has expressed his delight over Zero Hash’s support for Sui. Zero Hash’s infrastructure plays a crucial role in bridging the gap between the fiat and crypto economies, enabling smoother interactions between businesses and users on the Sui technology platform.
Joaquin Ayuso Paul, the Global Head of Product at Zero Hash, commented, “The incorporation of SUI blockchain into our platform is yet another way we’re making it easier for our customers to utilize cutting-edge, compliant technology and create new, efficient methods for transferring value across borders.”
About Sui
As an analyst, I’d describe Sui as follows: I’m examining a revolutionary Layer 1 blockchain and smart contract platform, uniquely crafted from the ground up to offer swift, private, secure, and inclusive digital asset ownership for all. Its innovative object-centric design, underpinned by Move programming language, empowers parallel execution, sub-second finality, and intricate on-chain assets. Sui boasts horizontally scalable processing and storage capabilities, making it suitable for a vast array of applications with unmatched speed at minimal cost. In essence, Sui represents a significant leap forward in blockchain technology, offering creators and developers an exceptional platform to build captivating user-friendly experiences. For more insights about Sui, please explore
About Zero Hash
Zero Hash functions as a B2B2C crypto-as-a-service infrastructure, enabling any business to integrate digital assets seamlessly into their client interface via just a few API calls. Zero Hash manages the entire intricate backend process and obtains necessary regulatory licenses on your behalf to facilitate offering crypto products.
As a crypto investor, I’d describe it like this: I invest with companies that empower various entities such as neo-banks, broker-dealers, payment groups, and even non-financial brands to provide crypto and stablecoin solutions for their customers. Zero Hash Holdings, specifically through its subsidiaries, is at the forefront of this trend.
Zero Hash Holdings enjoys the support of notable investors such as Point72 Ventures, Bain Capital Ventures, and NYCA.
As a researcher, I’ve come across Zero Hash LLC, a company that holds registrations with several financial regulatory bodies. Specifically, it’s registered as a Money Service Business and a regulated Money Transmitter with the Financial Crimes Enforcement Network (FinCen) in the United States, allowing it to operate in 51 different jurisdictions. Additionally, Zero Hash LLC and its subsidiary, Zero Hash Liquidity Services LLC, have been granted licenses by the New York State Department of Financial Services for engaging in virtual currency business activities. In Canada, Zero Hash LLC is registered as a Money Service Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Zero Hash Australia, an Australian company with registration number DCE100804170-001 from AUSTRAC, is authorized to provide digital currency exchange services in Australia. In New Zealand, ZeroHash Australia (Pty Ltd.) holds financial service provider registration FSP1004503, but this does not mean the company is regulated or overseen by a New Zealand authority for crypto services. Meanwhile, Zero Hash Europe B.V. is registered as a Virtual Asset Services Provider (VASP) with the Dutch Central Bank’s registration number R193684. Additionally, Zero Hash Europe Sp. Zoo holds a VASP registration from Poland’s Tax Administration Chamber in Katowice, identified by registration number RDWW – 1212.
Users can connect with Zero Hash on LinkedIn, or visit www.zerohash.com for more information.
*Disclosures
Contact
Sui Foundation
media@sui.io
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2024-07-11 16:21