The world's largest provider of Bitcoin wallets Blockchain intends to conclude a partnership agreement with the issuer of stablecoin by the end of 2019, reports The Block, citing the head of the company. However, it is not yet known which project will be chosen for cooperation.
Note that, probably, they are talking about adding support for the stablecoin to the Bitcoin wallet from Blockchain. According to CEO Peter Smith, most of the 32 million wallets are currently active. It is also worth noting that the company has previously invested in unnamed projects to develop stablecoins.
According to representatives of the publication, the most likely candidate is Paxos Standard (PAX), which Smith himself mentioned.
Blockchain was founded in 2011. During its existence, it managed to attract about $ 70 million from Richard Branson, Digital Currency Group (DCG) and Google Ventures.
Smith argues that the purpose of Blockchain is not only to simplify investment in Bitcoin, but also to improve financial services as such.
We’ve used stablecoins as almost the oil or the gas that makes this whole engine of a new consumer finance ecosystem possible. We’re not here to just make it easy to invest in bitcoin. We’re here to build a better way of giving people financial services… We’ve gone very deep on the stablecoins. We’re all about stablecoins.
November last year Blockchain announced the airdrop of half a billion Stellar coins.