NEAR Foundation Partners with Lulo X and Peersyst Technology for Blockchain Innovation

NEAR Foundation Partners with Lulo X and Peersyst Technology for Blockchain Innovation

The NEAR Foundation, a Swiss non-profit organization supporting the development of the NEAR blockchain, has announced strategic partnerships with Lulo X and Peersyst Technology. These partnerships aim to foster innovation and expand the reach of blockchain technology. Lulo X, a Colombian fintech company, plans to launch a native stablecoin on the NEAR blockchain. This stablecoin will be backed by fiat currency and will be used to facilitate remittances and other financial transactions in Colombia and beyond. The integration with NEAR will provide Lulo X with a scalable and cost-effective platform to offer its services. Peersyst Technology, a blockchain development company, will provide technical support and expertise to the NEAR ecosystem. Peersyst's team of experienced engineers will contribute to the development and maintenance of NEAR infrastructure, as well as provide consulting services to organizations building on NEAR. These partnerships demonstrate the growing adoption of NEAR blockchain technology and its potential to drive innovation in the financial and technology sectors. Previously on April 25, 2024, the NEAR Foundation announced partnerships with Lulo X and Peersyst Technology. Colombian fintech Lulo X plans to launch a native stablecoin on the Near blockchain.