Recently, three major altcoins have come to the fore with various partnership announcements. Here are the latest developments for Ripple, Tether and Immutable X…
Popular altcoin IMX and MetaStudio partner
Portugal’s renowned game studio MetaStudio has announced a new partnership with Immutable, a leading Ethereum Layer 2 scaling solution provider that aims to transform the gaming metaverse. MetaStudio is known for its innovative games and game-as-a-service offerings, as well as the unique non-fungible token (NFT) Rune Realms that offer holders the chance to participate in a 10 percent revenue share in the studio’s earnings. By integrating with Immutable’s Layer 2 Blockchain infrastructure, MetaStudio can provide players with a dynamic gaming experience and unique benefits such as zero gas fees for peer-to-peer trading and secure ownership of in-game assets. Immutable is an ideal partner for us,” said Carlos Domingues, CEO of MetaStudio:
Ethereum Layer 2 solutions allow us to offer our players real ownership of their in-game assets and the ability to profit from their games. The upcoming passport feature also allows us to continue development with web2 players in mind. This partnership will help us develop games that are not only fun but rewarding.
This partnership comes at a time when interest in the metaverse is growing rapidly. Metaverse, a collective virtual sharing space created by the combination of physically and digitally created reality, offers significant opportunities for innovative gaming experiences. The partnership between Immutable and MetaStudio is expected to contribute significantly to this development. Alongside partnership with Immutable, MetaStudio also collaborates with many other leading companies in the gaming industry.
Tether and KryptonMarket will partner with stablecoins
Tether has partnered with on/off-ramp solution KryptonMarket to provide users in Argentina with stablecoin access in the Buenos Aires Central Market. Buenos Aires Central Market is a major fruit and vegetable retailer in Latin America, serving 900 wholesalers and 50 retailers, according to the official press release. The collaboration between Tether and KryptonMarket takes place during inflation in Argentina, which unexpectedly accelerated in a few months and reached a new high of 104 percent.
The partnership between the two organizations aims to enable the aforementioned traders to accept USDT payments, pay bills in USDT directly through CryptoPayments, and pay employees a percentage of their salary in USDT. The official press release also states that the Buenos Aires Central Market employs more than 2,000 people in its wholesale and retail stores and restaurants.
Ripple and Lulu Money cooperated
Tranglo, a leading hub for cross-border payments and a trusted partner of Ripple, continues to expand into the Middle East through a new collaboration with LuLu Money. Joining forces with LuLu Money, a subsidiary of Abu Dhabi-based Lulu Financial Holdings, Tranglo marks a significant milestone in its regional presence by aiming to simplify and accelerate cross-border transactions.
After opening a payments corridor in the United Arab Emirates (UAE) last August, Tranglo has solidified its partnership with this influential regional player in a strategic move. This alliance leverages the unique strengths of both organizations, putting them at the forefront of seamless cross-border payment solutions. Tranglo brings to the table its Tranglo Connect solution, a platform that leverages the entire payment process through direct API access. In particular, Tranglo draws attention by processing an impressive 80 percent of its payments in real time, exceeding the global industry average. In addition, Tranglo offers cross-border payment services by leveraging RippleNet. It is worth emphasizing that Ripple is a longstanding partner of Tranglo, and the crypto company owns a significant 40% stake in the organization.
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