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DuckDAO has announced a strategic partnership with SparkPoint that will focus on financial inclusivity and making decentralized finance and cryptocurrencies more accessible to the masses.
Both cryptocurrencies and decentralized finance (DeFi) are representative of the next step when it comes to how individuals interact with finance, dictating how they spend, save and invest their capital and manage their finances. However, only a fraction of the population use or is able to own cryptocurrencies.
A Mutually Beneficial PartnershipDuckDAO’s latest strategic partner, SparkPoint, is out to change the imbalance in cryptocurrencies and DeFi by creating an ecosystem and range of products that promote financial inclusivity, making DeFi and crypto more accessible to the population.
DuckDAO and SparkPoint have similar visions with DuckDAO bringing cryptocurrencies to the masses, giving them easy access to investment opportunities that were earlier available only to a few well-connected Venture Capitalists and crypto funds.
Both DuckDAO and SparkPoint hope to benefit from a mutually beneficial strategic partnership based on information sharing, deal flow, and general support.
Bringing Cryptocurrencies To the MassesSparkPoint is building the digital infrastructure needed to democratize digital payments and cryptocurrencies. With interest in crypto at an all-time high, SparkPoint is helping businesses and individuals overcome challenges that present themselves when entering the crypto space. Challenges may present themselves in the form of high fees, poor customer service, poor user experience, and a lack of suitable resources.
An Ecosystem Of ProductsTo make decentralized finance and cryptocurrencies more accessible, SparkPoint has created a host of products, which include the following.
Currently, SparkPoint is focusing most of its efforts in the Philippines, which has seen a significant rise in the adoption and use of cryptocurrencies over the past year. Over 50% of the population of the Philippines has expressed interest in cryptocurrencies and investing in them. Currently, over 4.8 million Filipinos hold cryptocurrencies, but there is significant room for growth.
SparkPoint also has global ambitions and has already made its first foray into North America, with global expansion plans already in the works.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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