Current, a leading US fintech company, announces its partnership with Acala, a decentralized finance platform built on the Polkadot network. With this partnership, they aim to establish a new category of hybrid finance (HyFi) combining both traditional and decentralized finance applications.
To ensure the full trust of these products, Current will run its own infrastructure. Moreover, they will join the active validator set on the Polkadot network.
Apart from this, Current Core bridges closed-loop fiat systems to open platforms. Hence, it will help the development of HyFi infrastructure with nearly three million members. Current’s CTO Trevor Marshall stated,
Source: Cryptocurrency - investing.com
