Mentioned:
BTQ Technologies wants to protect stablecoin payments against quantum computing threats. And now, they’ve landed their first major partnership with a payment giant in Korea.
What’s happening:
- BTQ Technologies (NASDAQ: BTQ) has formed a new partnership with mobile carrier billing provider Danal to launch a new pilot project to validate BTQ Technologies’ Quantum Stablecoin Settlement Network technology
Why it matters:
- Danal is the largest mobile carrier billing provider in Korea and provides payment infrastructure and digital asset based services such as Paycoin to tens of millions of users
Going deeper:
- This is the world’s first large scale trial of quantum secure settlement on payment infrastructure and also the first major partnership BTQ Technologies has formed to integrate their Quantum Stablecoin Settlement Network into existing payment rails
- The Quantum Secure Stablecoin Network notably integrates with existing blockchains and only upgrades highly sensitive functions such as minting or burning tokens
The intrigue:
- BTQ Technologies also just recently made waves when they were granted approval to list on the Nasdaq
