In the cryptocurrency world, recent collaborations with major institutions continue to attract investors’ attention. OKX’s strategic partnership with Standard Chartered Bank, Visa and Coinbase’s collaboration facilitating instant crypto transactions, and Circle’s Web3-focused customer loyalty agreement with Hong Kong-based HKT have recently come to the fore.
OKX partners with Standard Chartered
OKX announced that it has signed a strategic partnership with the respected financial institution Standard Chartered Bank. With this partnership, Standard Chartered is determined as the third-party cryptocurrency custodian for OKX’s institutional clients. OKX officials emphasized the importance of this agreement in order to provide assurance to institutional investors while mentioning the name of this bank, which is known worldwide. Standard Chartered stands out as one of the three major bond issuing banks in Hong Kong and has a great reputation in the international financial market. OKX emphasized the need for trust in this area by referencing a report prepared by Economist Impact, which shows that 80 percent of institutional investors trust third-party custodian solutions.
Visa and Coinbase form cryptocurrency partnership
The partnership announced between Visa and Coinbase will allow eligible Visa debit cardholders to make instant crypto transactions through the Coinbase platform. With this new service, which will be available in the US and the European Union, users will have instant access to their bank accounts 24/7. Yanilsa Gonzalez Ore, head of Visa Direct in North America, said that this partnership offers crypto users more flexibility and continuous trading.
Coinbase users will be able to seamlessly make real-time deposits and withdrawals, depending on regional banking policies. In Europe, the regulations that came with the MiCA regulation have allowed companies like Coinbase to operate more comfortably on legal ground. In the US, major crypto players like Coinbase have stepped up their lobbying efforts to support pro-crypto policies in the upcoming election process.
Critical collaboration from Circle in Hong Kong
Cryptocurrency firm Circle has signed a Memorandum of Understanding with Hong Kong-based HKT to develop blockchain-based customer loyalty solutions. This partnership aims to leverage HKT’s extensive merchant network and customer engagement expertise to bring Circle’s Web3 services to more customers. Blockchain technology enables dynamic and value-driven interactions in the customer engagement space, providing businesses with unique customer experiences. Circle CEO Jeremy Allaire said that this partnership is a step towards both improving customer satisfaction and providing businesses with the tools they need to succeed in the digital economy.
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