Recently the Gluwa wallet integrated with a consumer credit app, Aella, which resulted in more than one million transactions on blockchain across Africa since this June. More than two million African customers were served with these transactions, and Luniverse Sidechain recorded all the transactions on the Aella app.
Gluwa is a global financial platform with its headquarters in San Francisco. This platform helps its users in managing their financial affairs in a better way with help from Gluwa’s global investment opportunities and decentralized structure.
Although the partnership between Gluwa and Aella (a platform that caters to underbanked and unbanked individuals in growing markets) started 4 years ago, the actual integration between their wallets took place this June.
“To have reached this milestone so quickly is enormously gratifying for both the Gluwa team and, I’m sure, our counterparts at Aella,” said Tae Oh, Gluwa's Founder and CEO.
The fact that 1,000,000 transactions were completed in less than three months demonstrates the many advantages of API connectivity that allows all transactions to be completed through the Aella app.
“The figures also highlight the growing prevalence of stablecoin usage in Africa,” Tae Oh added, referencing Gluwa’s own ERC20 token Gluwacoin, which is pegged 1:1 with fiat currencies.
All remittances, payments, investments, or any other transactions that take place in Aella's wallet are also added to Gluwa’s custom Luniverse sidechain transparently. To date, the Luniverse sidechain has recorded more than 1 million transactions while more than 28 million blocks were produced.
“Aella’s commitment to improving financial inclusion for millions of people in the world’s developing markets only strengthens with each passing year,” said Akin Jones, Aella’s CEO
“Our partnership with Gluwa, and particularly our recent integration, has undoubtedly made our app more efficient and transparent. We look forward to working with Gluwa for many years to come.”
About Gluwa
Gluwa is a global platform having its headquarters in San Francisco. It provides individuals access to valued currency, credit, or investment opportunities without any limitations of national boundaries. Gluwa has teams in different parts of the world, including South Korea, Canada, the US, and other countries. The platform provides an exchange, a non-custodial cryptocurrency wallet, investment products, a high-yielded bond, and has more than two million users across the globe.
About Aella
Aella is a consumer credit app that empowers underbanked and unbanked people in growing markets.
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2021-09-23 17:01:06
