Financial infrastructure provider Matera has announced a strategic partnership with eNor Securities, a leading fintech company based in El Salvador that offers an investment exchange for virtual assets and a marketplace for tokenized assets.
The collaboration, announced on Tuesday, July 23, aims to facilitate seamless cross-border payments from fiat to stablecoin and bitcoin.
eNor will leverage Matera’s Digital Twin, Wallet-as-a-Service, and QR Code Payment solutions to provide seamless transactions for FinTech companies and banks.
According to the announcement, the service will be available to eNor;s retail and corporate customers starting September 2024.
This partnership will also allow Matera to upgrade its technology and explore opportunities to leverage both fiat and virtual currencies interchangeably.
Carlos Netto, CEO and Co-Founder of Matera, emphasized the positive impact this collaboration will have on the global payment sector, stating that blockchain technology and tokenized assets will lead the future of finance. “Together with eNor, we look forward to redefining what’s possible in the world of digital currencies,” Netto stated.
Rodrigo Mendes, CEO of eNor, also expressed excitement about the partnership, highlighting its potential to create a more efficient and inclusive global economy. He noted that this collaboration represents a shift in the financial sector, providing users with easier access to tokenized payments.
The partnership will benefit from El Salvador’s crypto-friendly regulations, offering an ideal landscape for advancements in digital finance.
Notably, this development came a few months after Bitfinex Securities announced plans to offer tokenized debt bonds to customers in El Salvador. These bonds, aimed at raising $6.25 million to finance a new Hampton by Hilton hotel complex at El Salvador’s international airport, will be the first to be curated and traded on the Bitfinex Securities platform. The bonds offer a 10% coupon for a 5-year term, with a minimum stake of $1,000.
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