Zero Hash has recently announced the successful launch of support for the EOS token. This latest support for EOS, along with XRP, makes it the largest settlement platform for payment processors focused on digital assets as they now support over 600 asset pairs. This makes EOS one of only 12 digital assets (crypto) supported on their platform, 5 of which are stable digital assets (stablecoins). Other asset pairs are comprised of the 20 supported fiat currencies.
The company provides institutional organizations with a fully regulated platform, in compliance with nearly 40 different regulators, allowing investors to have control over their withdrawal and trading limits. Zero Hash has support for spot, loans, and derivatives trading, providing post-trade settlements for some of the world’s biggest payment providers for digital assets.
Payment processing is a significant business vertical. By adding EOS and XRP, we further empower our partners to expand their product offering in the US.Edward Woodford (CEO of Zero Hash)
Zero Hash’s settlement platform features a rapid transfer and settlement of all crypto and fiat withdrawal requests, escrow services, and the atomic transfer of digital assets and fiat. All settlement movements are finalized on a public blockchain, with a new address being created for each settlement transaction in order to maintain the privacy of market participants.
We just like to ensure that everything is settling on time. All of our transactions happen on the blockchain so participants can take a look at the blockchain to see where their cryptocurrencies are moving. We also do have segregated wallets, meaning that participants’ assets will be held separately from other participants, just giving them a bit more visibility of what’s going on on our chain.Maurice Goodman (Risk and Settlement Specialist)
The platform’s support for EOS signifies increased exposure of EOS to institutional investors. As one of only 7 cryptocurrencies, not accounting for stablecoins, this puts EOS in a favorable position to get recognized and adopted by investors who may not have had access to it before. Also, with Zero Hash now being the largest settlement platform for digital assets payment processors, this move opens up more functionality and access for payments to be conducted using the EOS token.
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