On its way to becoming one of the largest cryptocurrency exchanges in the world FTX‘s US subsidiary, FTX US, made a record investment. FTX USannounced that it will set aside $100 million by signing a partnership with mobile banking application Dave.
FTX US Invests $100M
In his statement on the subject, Dave emphasized that the fund in question will be used directly in crypto money-related initiatives. FTX US will be an active partner in cryptocurrency integration. Both companies are currently looking for and working towards ways to bring crypto payments to the Dave platform.
President of FTX US Brett Harrison In a statement on the subject, he stated that this is an action that will increase the acceptance and spread of digital assets. Dave thinks cryptocurrencies will soon be the most used assets in mobile banking applications. dave CEO Jason Wilk In his statement on the subject, he emphasized:
We believe that blockchain technology has the potential to level the financial playing field across the globe. By collaborating with a world-class leader like FTX US, we are in a position to enter the digital asset arena, explore new growth opportunities and enhance the member experience.”
The investment made after the partnership of FTX US came from FTX Ventures. FTX Ventures has $2 billion in funding and has invested in specific projects since January. With Dave’s PayPal-like status, it was no surprise that he took one of these investments. FTX cryptocurrency exchange is signing both big ads and big partnerships around the world.