BRD a secure mobile cryptocurrency wallet has signed a strategic partnership with enterprise-grade distributed public ledger platform Hedera Hashgraph. Hedera’s native cryptocurrency, HBAR, is now available in the BRD consumer wallet, making it accessible to nearly 5 million users globally. BRD supports Hedera’s ongoing mission to deliver faster, more scalable, and secure distributed ledger technology (DLT) for enterprises globally.
In addition to the integration in the BRD consumer wallet, Hedera’s network data will be supported in BRD’s recently launched enterprise-grade blockchain data integration platform Blockset, which powers the BRD consumer wallet. Already a leading enterprise blockchain service, Blockset provides a suite of ready-to-use tools that facilitate the building of cost-efficient blockchain applications and which eliminate barriers to entry. Hedera’s integration into Blockset will enable read and write functionality, which means companies are not only able to read data but also transact on-chain through Blockset’s API.
Commenting on the announcement, Adam Traidman, CEO of BRD, said, “This relationship between BRD and Hedera is built upon a confluence of a shared ambition to accelerate enterprise adoption of decentralized technologies, and represents another milestone moment in our 2020 highlight reel. Hedera already supports many tangible use-cases today and its Governing Council comprises leading enterprises across a variety of industry verticals. Integrating Hedera into our Blockset product not only showcases Hedera’s technology to enterprises around the world, but it also enhances the value proposition of the Blockset product more broadly.”
The addition of Hedera’s native HBAR cryptocurrency to the BRD consumer wallet will not only extend the reach of the cryptocurrency to BRD’s rapidly expanding community of nearly 5 million wallet users across 170 countries, but it enables Hedera to take advantage of the ongoing growth of the consumer market. Since March of this year, BRD has added over 678,000 users in the US.
Mance Harmon, CEO and Co-founder of Hedera Hashgraph, said, “Hedera’s hashgraph technology is designed to support high throughput consumer and enterprise usage. By including HBAR in BRD’s consumer wallet, we are exposing our technology to millions of users globally. BRD is a bonafide industry leader, with an unrivaled track record in bringing seamless usability and ease of access to the digital assets space globally. With Blockset, the BRD team is also making significant inroads as a prominent driver of enterprise adoption. We are excited to be able to leverage the elite Blockset suite of tools as a means of gaining exposure within the enterprise ecosystem.”
HBAR is used to power decentralized applications, build peer-to-peer payments and micropayment business models, as well as protect the Hedera network from nefarious actors.
“With a rich history in delivering high throughput enterprise-grade solutions, Hedera’s technology will be invaluable in strengthening our engagement with enterprise clients. We are very excited at the prospect of future collaborations with the esteemed Hedera team and look forward to exploring areas for mutually beneficial business development in the months ahead,” concluded Traidman.