EMURGO, a globally established blockchain solution firm and the partner entity of the Cardano protocol, has announced today about its strategic partnership with Ergo. Ergo is a blockchain protocol that is built to be the platform for applications that aims to provide simpler financial contract solutions with the UTXO-based smart contracts.
This partnership agreement talks about the collaborative exploration of stablecoin R&D and the allocation of decentralized financial service applications. The joint exploration will be working on the plan by using the respective expertise from each other in the Cardano’s technical structures and privacy with the help of UTXO-based smart contracts.
Talking about the partnership, Alexander Chepurnoy, the Ergo Core Developer, stated,
The partnership will be covering the complete integration and will further provide support to the Ergo’s blockchain token in the Yoroi Wallet. The Yoroi Wallet is a secure cryptocurrency wallet which is developed by EMURGO for the desktop and mobile. This will further process on various decentralized application requests and also allow the easy transfer between the types of tokens that are issued on Cardano and ADA. Erg will be the very first cryptocurrency that will be amalgamating in the Yoroi Wallet after Cardano’s ADA.
Emurgo is a globally acclaimed blockchain technology company that provides business solutions for developers, startups, governments, and enterprises. EMURGO works on developing enterprise-grade applications, works on building developer tools, makes an investment in a startup, and simultaneously provides blockchain education.