- Current and Acala joined hands to build a hybrid finance.
- The integration of Acala will be built directly into Current Core, the core platform.
- Current will run its own infrastructure and join an active validator set on Polkadot.
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,
“We ...This article was first published on coinquora.com