Akt.io is building integrated wealth management and payment solutions for the decentralised economy
LONDON, Nov. 11, 2021 /PRNewswire/ — Akt.io, the innovative platform bridging DeFi, wealth management and payment services, announced today its partnership with the HBAR Foundation to support their launch of the first DeFi app on the carbon-negative Hedera Network, the most used, sustainable and enterprise-grade public network for the decentralised economy.
Akt.io has been awarded a grant and will receive organizational support from the HBAR Foundation to fuel its launch and growth on the Hedera Network. Their forthcoming app will enable users to automate investments with intelligent algorithms, generate income with digital assets and be seamlessly connected to the akt.io Wealth Card, an internationally recognized payment card that will allow for direct payments with invested capital.
“We’re impressed with akt.io’s revolutionary platform and pleased with their choice of the Hedera Network to enable their vision for providing retail investors with a seamless, integrated model that puts their capital to work while enabling the convenience of immediate liquidity that you’d associate with having cash in the bank,” said Shayne Higdon, CEO and Executive Director of the HBAR Foundation. “This is the future of banking and the HBAR Foundation is proud to help accelerate its evolution with akt.io.”
The HBAR Foundation fuels growth of the Hedera ecosystem by providing grants and resources for technical assistance, marketing and business development to developers, startups and organizations building on the network. Hedera offers 10,000 transactions per second, near real-time settlement, and low fees and bandwidth consumption. Since launching in 2018, the public network has processed over 1.75 billion transactions generated by real-world applications and has over 410k accounts.
“As a company, akt.io is committed to sustainability, enhanced levels of customer transparency…
