Crypto.com Secures Singapore Blockchain Innovation Programme Membership
Cryptocurrency exchange Crypto.com announced that it has become a Gold Member of Singapore Blockchain Innovation Programme (SBIP), a nationwide technical collaboration supported by the Singapore Government through the National Research Foundation.
According to the official press release, a key interest of Crypto.com is SBIP's efforts at the forefront of blockchain scalability, which will enable widespread adoption of blockchain in business environments with high transaction rates. The second focus area of blockchain interoperability will work towards the goal of seamless exchange across blockchain systems and addressing the current challenges of siloed blockchain networks.
"SBIP's research in blockchain scalability is vital to the crypto industry. More efficient networks increase the number of processed transactions per second (TPS) and also allow for lower gas fees, making the worlds of DeFi, NFTs, and GameFi affordable for more users. SBIP's research in blockchain interoperability is another key motivation for our support to the programme. We expect the future of crypto to be a multichain one, allowing users to move funds from one blockchain to another in an easy but secure manner," commented Henry Hon, PhD, Head of Research at Crypto.com.
As Fazzaco reported earlier, Crypto.com has signed a sponsorship deal with Angel City Football Club (ACFC), a planned National Women's Soccer League expansion team that is expected to begin play in 2022.
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