{"id":179412,"date":"2021-01-08T23:23:03","date_gmt":"2021-01-08T23:23:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=179412"},"modified":"2021-01-08T23:23:03","modified_gmt":"2021-01-08T23:23:03","slug":"algorand-algo-eyes-100-billion-use-case-with-new-partnership","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/algorand-algo-eyes-100-billion-use-case-with-new-partnership\/","title":{"rendered":"Algorand (ALGO) eyes $100 billion use case with new partnership"},"content":{"rendered":"

A new partnership sees the Algorand<\/a> blockchain being deployed for a large institutional client.<\/span><\/p>\n

Algorand\u2019s institutional partner<\/b><\/h2>\n

Algorand, a high-speed blockchain that powering secure and efficient frictionless exchange, has onboarded Instimatch Global,a digital platform for institutional short-term money market trading, as per a release shared with CryptoSlate.<\/span><\/p>\n

Instimatch processes hundreds of billions of dollars in transactions each quarter, it claimed, a majority of which shall pass through the Algorand network now after the new partnership.<\/span><\/p>\n

The partnership would see the two firms work together to disrupt the regulated payment networks with advanced solutions powered by blockchain technology. They further aim to build out use cases and financial applications that break away from the current financial regime.<\/span><\/p>\n

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"We are confident of the success of the partnership as both @instimatch<\/a> and Algorand embrace the vision of #decentralized<\/a> and frictionless #finance<\/a>.\u201d \u2013 Daniel Sandmeier<\/p>\n

Read more about our recent news with Instimatch, an award-winning #fintech<\/a> platform: https:\/\/t.co\/EoEwC4oeKk<\/a><\/p>\n

— Algorand (@Algorand) January 7, 2021<\/a><\/p><\/blockquote>\n