News | Qitmeer announces official signing of cooperation agreement with BoundlessPay

Qitmeer announced that it has officially signed a cooperation agreement with BoundlessPay and announced the upcoming cooperation between the two parties to deepen Qitmeer's influence in Africa and expand BoundlessPay's ecological application in the Asian market.

First, BoundlessPay's remittance wallet will support and integrate Meer's native token as payment in the global remittance market. In addition, BoundlessPay will develop its DeFi ecosystem on the Qitmeer second-layer protocol and issue corresponding NFT tokens.

Most importantly, the two organizations will work together to develop and launch a Naira stablecoin pegged 1:1 to the Nigerian official fiat currency (Naira) to facilitate global remittances in Nigeria, Africa, Asia, etc. The stablecoin will be backed by the Chinese yuan and a basket of other regulated stablecoins such as USDT and GEMINI.

Qitmeer is the first public chain dedicated to serving the ethical finance, socially responsible investment and Islamic finance ecosystems. It adopts the classic POW consensus and UTXO data model, and aims to seamlessly enhance financial inclusion as a financial infrastructure. Qitmeer is also a new generation of public chain based on Block DAG. It adopts a collaborative mining model based on the traditional competition model, achieving an ideal balance of typical blockchain indicators, namely security, decentralization and scalability, with low transaction costs and high transaction speeds.

BoundlessPay is a financial organization that provides digital payment solutions. It aims to serve as an effective bridge between cryptocurrency and fiat currency transactions, eliminate barriers to cryptocurrency-fiat transactions, and provide a fair financial infrastructure environment for everyone, enabling individuals and businesses to compete globally in a borderless world economy.

About Qitmeer

Qitmeer is a new generation public chain based on BlockDAG, dedicated to serving the ecosystem of Islamic finance, ethical finance and socially responsible investment, thereby enhancing financial inclusion and creating social impact.

Compared to the competitive model, BlockDAG's collaborative model in mining achieves an ideal balance of typical blockchain metrics between security, openness, fairness, and scalability.

Qitmeer adopts the classic POW consensus and UTXO data model, and has designed a unique asset issuance mechanism that requires the reserve of native currency and is in line with core ethical financial values.

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News | Qitmeer announces official signing of cooperation agreement with BoundlessPay

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