Hedera Hashgraph and Aktio have teamed up to make cryptocurrency asset management more hands-off.
Hedera’s Hashgraph network has taken a major step in making DeFi investment easier than ever before.
Hedera is collaborating with Aktio (CCC: AKTIO-USD) on its first DeFi application. It also promises to provide a very compelling product to its users. The HBAR crypto news is fanning the flames of bullishness since it would allow users to invest in digital currency on the network using predictive mathematics.
Hedera, a network supported by the HBAR Foundation, is seeking the most trustworthy goods to include into its network.
Grants are being used to accomplish this purpose. It’s now putting those dollars to work with a powerful first product.
As the two parties announced today, Aktio is the lucky recipient of an HBAR Foundation grant. Specifically, Aktio will use the funding to provide the network it’s first-ever DeFi app. In exchange for the capital investment, Hedera Hashgraph will provide organizational help.
Aktio is an Irish DeFi venture. It aspires to usher in a new era of finance by shifting management services to the blockchain. However, it also wants to accomplish so through the management of capital through automated investing.
Aktio and Hedera’s Partnership
With the new Aktio app, users can now have their assets handled by a variety of predictive algorithms. As a result, investment in digital assets has become mainly hands-off.
This fund management model will appeal to a select group of people. For one thing, it will appeal to individuals who have numerous assets to handle as a way of easing the burden of moving money around.
Meanwhile, it will appeal to investors with only a basic understanding of digital money. They don’t need all the know-how to create passive income from crypto if they use this algorithmic investing style.
The cooperation will assist Aktio with the launch of its Wealth Card, a revolutionary new crypto-investing instrument. In order to pay for products and services, the Wealth Card will allow users to put their assets to work right from the app. According to the press release, the card is already recognized as a genuine payment method around the world.
Not only are the two forces joining hands because they both want to drive the DeFi space forward. Hedera appeals to eco-conscious Aktio since it is a 100% carbon-negative blockchain network.
Hedera’s Hashgraph consensus process, according to Aktio CEO Gael Itier, is a more time-, cost-, and energy-efficient technique for approving transactions than proof-of-work blockchains. Of course, this makes it a no-brainer to open a store to sell its wares.
The network now expects to launch the Dapp by the end of the year. The Wealth Card will be the partnership’s final new feature, launching in the months ahead.