Qitmeer & BoundlessPay Collaboration
BoundlessPay is excited to announce a collaboration with Qitmeer Network to further BoundlessPays’ footprint and operation in the Asian market while Qitmeer increases its presence in Africa. BoundlessPay and Qitmeer ecosystems will be collaborating to build Defi products for staking and farming non-fungible tokens on Qitmeer’s third layer protocol.
Furthermore, both organizations will work together to develop and launch a Naira stable coin, pegged one-one with the Nigerian official fiat currency (Naira) and will be used to facilitate global remittance between Nigeria, Africa, and Asia. This stable coin will be backed by a basket of currencies, RMB and regulated stable coins.
Qitmeer is the first of its kind, created and dedicated to serving the ethical financial ecosystem while enhancing socially responsible asset growth both for the Islamic Financial population across the world and all other populations in the world with the main goal of influencing total financial inclusion across the board.
As a public chain based on BlockDAG, Qitmeer implements GHOSTDAG, the first BlockDAG protocol with block total ordering support, as its fundamental protocol which adopts a collaboration model in crypto mining in place of the conventional competitive model hence, reaching mutual advantageous equilibrium in blockchain metrics, chiefly, security, decentralization, and scalability.
BoundlessPay is a virtual or digital payment solution organization that aims to eliminate barriers to Crypto-Fiat transactions and make financial services accessible while levelling the financial infrastructural playing field for everyone by acting as the one true cost and time effective bridge between cryptocurrency and fiat transactions, to enable people and businesses compete on a global scale in a borderless and boundless world economy.
About Qitmeer
Qitmeer is the next-generation public chain based on BlockDAG which is dedicated to serving the ecosystem of Islamic Finance, ethical finance, and socially responsible investment, thereby enhancing financial inclusion and creating social impact.
In contrast to the competition model, BlockDAG’s collaboration model in the mining achieves a desirable balance of typical blockchain metrics among the security, openness, fairness, and scalability.
Qitmeer adopts a classic POW consensus and UTXO data model and designs a unique asset issuing mechanism which requires the reserve of native currency, which is in line with core ethical financial values.
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