Swiss-based Web3 fintech platform, YouHodler, has announced a strategic partnership with Lightspark to integrate cutting-edge Universal Money Addresses (UMA) technology into its suite of Web3 finance solutions. This announcement, made at the 2024 Web3 Banking Symposium, marks a significant milestone in the financial ecosystem, offering streamlined near-instant online payments for both consumers and enterprises.
UMA Integration Unveiled:
YouHodler is set to become a trailblazer in adopting UMA technology, a significant advancement in internet-native payments. UMA provides an open-source standard merging human-readable Lightning addresses with real-time, global payment rails. This integration ensures seamless money transfers to and from the YouHodler platform, irrespective of whether it involves fiat or cryptocurrency. Leveraging the Bitcoin Lightning Network for global settlement, the technology promises near-instant, secure, and universally accessible payments in any currency of the user’s choice.
Early Bird Access for Users:
Customers can now register for early bird UMA access on the YouHodler platform, allowing them to request unique UMA addresses ahead of the full integration. YouHodler, in collaboration with Lightspark, aims to finalize all technical configurations and release the full set of UMA functionalities by May 1, 2024, catering to the growing demand for intuitive and secure payment solutions.
YouHodler’s Commitment to Innovation:
Ilya Volkov, CEO and co-founder of YouHodler, expressed the platform’s commitment to delivering innovative solutions that bridge the benefits of crypto and blockchain with traditional financial markets. The integration with Lightspark, a leader in online payments technology, solidifies YouHodler’s position at the forefront of Web3 fintech innovation.
Lightspark CEO’s Excitement:
David Marcus, co-founder and CEO of Lightspark, expressed excitement about the partnership with YouHodler, recognizing the platform as an innovative force in Web3 fintech. The collaboration aligns with the shared mission to make everyday transactions faster, easier, and safer within the interconnected financial ecosystem.
Global Reach of YouHodler’s Services:
YouHodler’s comprehensive suite of Web3 fintech services, available in over 60 countries, facilitates a seamless connection between fiat and crypto financial services. The platform also extends its offerings to enterprises, empowering companies to enhance their services with YouHodler’s advanced technology.
Web3 Banking Symposium:
The partnership announcement was made at the 2024 Web3 Banking Symposium, organized by the Crypto Valley Association in collaboration with YouHodler. The symposium aims to foster innovative dialogue between crypto-friendly banks and compliant blockchain service providers. Through panel discussions, presentations, and seminars, industry experts address challenges in legal and regulation, AML and compliance, accounting, infrastructure, and product development within the rapidly evolving Web3 landscape.