ABU DHABI, August 15, 2024 – CoinCove, an Abu Dhabi-based digital asset service provider, today announced a partnership with a leading German financial technology company, marking a milestone in USDT cross-border payments and digital asset settlement. This collaboration is aimed at optimizing the payment experience for enterprises and individuals in Germany and the broader Central European region.
Highlights of the Partnership:
Cross-Border Enterprise Payments: Providing stablecoin settlement solutions for German export companies and cross-border service firms.
Expansion of Digital Asset Applications: Supporting enterprise and individual clients in conducting cross-border transactions and overseas investments.
Technology and Compliance Guarantee: Ensuring end-to-end transaction security by leveraging CoinCove’s cross-chain payment technology and the compliance expertise of its German partner.
Data shows that during the partnership period, transaction volume saw a year-over-year increase of approximately 155%, the number of new registered users grew by 60%, and the average settlement time for enterprise payments was reduced to within 1–2 hours.
A spokesperson for CoinCove stated, “Combining the professional capabilities of our German partner with our technological advantages makes stablecoin payments in the European market more efficient and secure.”
A representative for the German partner commented, “Through our collaboration with CoinCove, we have achieved significant enhancements in our cross-border payment and digital asset applications within the European market. We look forward to expanding our collaborative scenarios in the future.”
