Quai Network’s scalable proof of work blockchain will facilitate enhanced capabilities on Structure.fi
Structure.fi, a mobile-first financial platform that offers investors seamless access to both traditional and crypto markets, has announced a long-term strategic partnership with Quai Network, a Proof-of-Work Layer 1 network of blockchains that offers a multithreaded solution to ensure increased network capacity and seamless, high-speed, transactions.
Quai Network is able to achieve infinite scalability through the use of Proof-Of-Work 2.0, merged mining, and sharding. These technologies working in tandem create a highly decentralized and open-sourced platform that allows for unmatched security and speed across the network. The partnership with Quai will help improve the speed, security, and stability of all on-chain transactions on the Structure platform.
“Structure.fi is committed to utilizing cutting edge technology that enables the expansion of financial access around the world,” said Structure.fi President and co-founder Bryan Hernandez. “Quai Network’s secure, decentralized, solutions will help Structure.fi’s users access global financial markets without barriers.”
Additionally, Structure.fi will list Quai Network’s native token, QUAI, in the coming months, allowing Structure.fi users visibility and access to the Quai ecosystem.
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“We believe in Structure.fi’s mission to make financial tools as easy as possible to access,” said Alan Orwick, co-founder of Quai Network. “By listing QUAI on the Structure platform, we are opening the door for investors that may be new to blockchain technology to participate in the highly optimized digital economy that Quai Network is creating.”
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Structure.fi’s intuitive, user-friendly, platform gives investors of all experience levels the ability to invest, earn interest, borrow, lend, complete peer-to-peer transactions with both traditional and digital financial assets. The app, which is currently being used by investors around the world, launched initially in El Salvador in conjunction with the Salvadoran government, and has continued its growth across Latin America. Structure.fi simplifies investing in both crypto and traditional assets by enabling users to execute trades across chains, markets, and asset classes on one platform, where in the past would have required a series of complex executions across multiple platforms.
