AllianceBlock and dua are teaming up to create a digital banking solution for dua’s community leveraging AllianceBlocks technology. 

In line with its vision for an integrated landscape of traditional and decentralized worlds, AllianceBlock has announced a partnership with dua, who are changing the way globally fragmented communities connect, both emotionally and financially. 

With a shared mission to empower and connect communities AllianceBlock will support dua in the creation of dua.pay, a remittance transaction and payment platform leveraging DeFi to build digital banking service for international deposits. Transactions via dua.pay will require $DUA, a stablecoin cryptocurrency backed by ALBT AllianceBlock’s digital asset. The teams will create a crypto wallet for dua.pay and a unique token reward system for their users. This community-driven platform will be backed by AllianceBlock’s peer-to-peer payment platform Fundrs, the backbone of this pioneering model.

As a result, this breakthrough technological innovation improves the expensive and slow international remittances, in which billions of dollars are transferred per year. This partnership signifies the introduction of decentralized finance to traditional systems and is a bold move in the creation of superior international transactions. 

Rachid Ajaja, CEO and Co-founder of AllianceBlock, said, “Digital assets offer fragmented communities unprecedented opportunities when it comes to payments and remittances. This partnership is yet another example of a traditional company venturing into the crypto sphere. Through our Fundrs platform, AllianceBlock’s unique DeFi technology will help give dua’s users more control over their finances, enabling them to safely and cheaply send crypto assets to their families and communities.”

Talking about dua pay, which has been accepted by Harvard Innovation Lab’s Venture Program,B, said, “While AllianceBlock is building the future of finance, dua is building the future of the community. Together, we are building a future of both that goes hand in hand. AllianceBlock’s mission is noble and bold. We're proud to be working with their amazing team. Bridging the huge gap between centralized, and decentralized finance will not only lower costs to create greater, faster, and easier access to capital, but it will also empower people. That's exactly the goal that connects us the most: To empower the people.”

Ajaja concluded, “The future of finance will be an integrated system where the best parts of traditional and decentralized finance will work together to increase capital flows. We look forward to bringing the benefits of our DeFi technology to dua’s wide user base, and to creating real, valuable change.” 

For more information, visit: www.allianceblock.io