“The Monad Foundation has purchased Portal Labs, a PORTAL infrastructure platform developer to work with steiblcoins. The purpose of the agreement is to introduce payment solutions in L1-blockers Monad. The project is focused on scalability and EVM compatibility. Portal’s director and co -founder Raj Pareh will go to Monad Foundation, where he will head the legend and steiblcoin department. Before that he held the position of director of global […]”, – WRITE: Businessua.com.ua
The Monad Foundation has purchased Portal Labs, a PORTAL infrastructure platform developer to work with steiblcoins.
The purpose of the agreement is to implement payment solutions in L1-blockers Monad. The project is focused on scalability and EVM compatibility.
Portal’s director and co -founder Raj Pareh will go to Monad Foundation, where he will head the legend and steiblcoin department. Before that, he held the position of director of global crypto products in Visa.
The Portal team will continue to work autonomously in the status of a subsidiary. The leaders will be the co -founders of Pars Attari, David Skrobonia and Rami Shahatit.
Monad integration should accelerate the development of transactions processing tools in steiblins. Portal already offers API and SDK to work with digital currencies on different blockchains.
“Payment solutions are a critical step for mass introduction of cryptocurrencies. Thanks to Portal, we will be able to provide developers and businesses with ready -made tools for integration of steiblcoins into applications, ”said Monad Foundation Kion Hong co -founder.
We will remind, the public testist Monad was launched on February 19.
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