Quant is gaining attention and adoption as it forms more and more relationships worldwide.
Quant is slowly acquiring global acceptance and use in various parts of the world.
According to a Twitter thread, Quant (QNT) integrates with many governments, central banks, and corporations. SIA, Europe’s leading payment provider network, has also incorporated the token, connecting it to hundreds of institutions in total.
Quantitative Ways Adoption
The Quant team has contacted several central banks to integrate Quant into their systems. For example, during a Hyperledger Trade Finance call, discussions were held with William Lovell, Head of Technology at the Bank of England.
Businesses can use Quant to create their scalable network of networks. Quant can interoperate and peer with other networks in a compatible manner, making this possible. It also offers scalable Any-to-Any interoperability, making it simple to integrate with any blockchain or traditional system.
Quant also makes it easier to create multi-chain dApps that span many blockchains. When developing new products, businesses will mix and match any API-based system with blockchain.
Financial Markets in Europe
The European financial market supports by SIA, Europe’s significant payments provider network. Quant officially integrates into SIA. This step ties Quant to the financial system, which includes 580 banks, including central banks. SIA and SWIFT are the only two suppliers for the Eurosystem Single Market Infrastructure Gateway. Both service providers can access all RTGS, securities, and immediate payment transactions in Europe.
Quant has also become a guarantor of Pay.UK, the UK’s largest payment network. Quant will contribute to the strategic direction of the payments infrastructure and shape the overall payment ecosystem for the United Kingdom.
Quant also named a supplier for the UK government’s Crown Commercial Services, the agency used by the UK government to acquire everyday products and services.
A founding member of the European Commission’s INATBA (International Association of Trusted Blockchain Applications), Quant founded ISO TC307, an international standard-setting body with 57 members. Quant has also helped Overledger become the global infrastructure for CBDCs. Any blockchain ecosystem can use the Overledger Network. It collaborated with AUCloud, gaining access to the Australian government and its Department of Defense.
Quant is also working with MIT, the US government, Intel, Juniper, telecom, and payment businesses to develop the Open Digital Asset Protocol (ODAP). It expects to enter into new partnerships and collaborations.