With the crypto market currently taking a bearish turn, the race is on to find solutions to help stabilise this often turbulent market, and give cryptocurrencies the legitimacy that regulatory bodies have recently called into question. Even recently, the International Monetary Fund announced that digital currencies are likely to play a legitimate role in our future finances and that governments should consider offering their own cryptocurrencies. While this represents another step forward in the quest to achieve a world of digital currencies, there is still a long way to go.
One fintech startup looking to expedite this journey is ARYZE, creator of the famous Danish stablecoin eKroner, and winner of the ‘Best New Danish Startup’ at 2018’s Copenhagen’s Fintech Week. In order to achieve its goal of building a bridge between tradition value and digital currencies, ARYZE has announced a new partnership with AmaZix, the world-leading community engagement firm. This collaboration looks to improve and maintain ARYZE’s community channels, as it continues to pave the way in the digital currencies market.
Stablecoins have grown in popularity in recent months, with Tether being one of the most talked about digital currencies in recent weeks, because they are pegged to traditional assets and so provide a method of storing value, protected from the aggressive fluctuation of the crypto market. ARYZE issues fully redeemable stablecoins and by proving the reliability of this new hybrid digital currency, it is positioned to become the primary payment method for users to make instant global payments in a modular ecosystem.
This collaboration between AmaZix and ARYZE is set to help improve communities’ confidence in the crypto stablecoin market and reduce the volatility that is commonplace in crypto investments. By working together, they hope to bring stablecoin – arguably the next generation of crypto – into the mainstream markets.
Commenting on the partnership, Jack Nikogosian, CEO at ARYZE, said: “For users, we create a unique, modular and customisable paying experience. For businesses, we create large saving opportunities by utilising this new technology on a digital platform, with a variety of analytical tools. This is all made possible by our programmable, stable currencies.”
Kenneth Berthelsen, CMO at AmaZix, said: “To achieve this future, crypto must be an easily usable product for typical people and businesses, allowing users to seamlessly interact between the old and new worlds of finance. We believe this is precisely what ARYZE will work towards.”