Hedera And DEA Collaborate On Digital Payment Innovation

Hedera Hashgraph through the HBAR Foundation established a new partnership. (Photo; Doc. Unlock BC)

JAKARTA The manager of Hedera Hashgraph (HBAR), the HBAR Foundation, has established a partnership with the Digital Euro Association (DEA), an institution focused on digital payments, stablecoins, and Central Bank Digital Currencies (CBDC). This partnership was initiated by the HBAR Foundation, which is a foundation that supports the development and adoption of Hedera.

A Joint Vision For The Future Of Digital Money

Both sides have a common vision to encourage innovation and growth in the digital money industry, both in the private and public sectors. They also share values such as freedom, privacy, and governance that are transparent in the monetary system.

Through this partnership, the HBAR Foundation and DEA will share knowledge, resources, and networks to increase understanding and support for the digital money industry. They will also collaborate on joint projects related to digital payments, stablecoins, and CBDCs.

For additional information, Hedera is one of the most advanced and sustainable digital money protocols in the world. Hedera can process thousands of transactions per second at very low cost and minimal carbon footprint. Hedera also supports Ethereum's virtual engine, which allows developers to create and run smart contracts and decentralized applications (Dapps) on the Hedera network.

The DEA is an association consisting of various stakeholders from the academic, business, technology and financial sectors interested in the evolution of digital payments. The DEA aims to be a independent voice of society and contribute to the establishment of policies and standards that support the development of digital money in Europe and abroad.

Benefits of Industrial Collaboration

The partnership between the HBAR Foundation and the DEA is an example of industrial collaboration that can provide benefits to all parties involved. By combining their expertise, experience, and vision, both parties can create synergies that can increase innovation and growth in the digital money industry.

Industrial collaboration can also help overcome the challenges and obstacles faced by the digital money industry, such as scalability, interoperability, regulation, and adoption. By working together, the HBAR Foundation and DEA can provide solutions and suggestions that can help other stakeholders, such as the central bank, regulator, developer, and end users.

This partnership also demonstrates the HBAR Foundation's commitment to building a strong and inclusive community and ecosystem for Hedera. The HBAR Foundation has signed several strategic partnerships with various organizations and projects in the digital money sector, such as Pyth Network, Chainlink, The Graph, and others.