Hassan Maishera
The Near Foundation announced via a blog post on Thursday that it has partnered with Lulo X and Peersyst Technology. This partnership will see Lulo X leverage NEAR Protocol’s blockchain technology to facilitate seamless and secure transactions, while also building their native stablecoin on the NEAR blockchain.
Meanwhile, Peersyst Technology will work together with the Near Foundation to create cutting-edge solutions that simplify the complexities of digital finance, offering users more control over their economic activities.
Lulo X’s partnership with NEAR will amplify the security and efficiency of transactions, integrating biometric safeguards and fraud prevention measures.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees.NEAR is trading at $7.443, up by 10% in the last 24 hours.
