Partners with RioDefi to Strengthen the DeFi Sector

Hailed as a highly-acclaimed name in the decentralized sphere, Network is all set to expand its cluster by entering into a strategic partnership with RioDefi, a trusted crosschain DeFi portal leveraging services for DeFi users. The integrating parties will put in their joint efforts to encourage the mass adoption of virtual assets and promote crosschain DeFi operations immensely. The team at RioDefi broadcasted the news about the collaboration via a Twitter post that read:

As part of the important partnership, will facilitate seamless access of its revolutionary GDPR compliant crosschain database and file storage solutions for the RioChain developers. The end-users will benefit from the high-end features in an amplified way as the services will not be restricted only to the RioDefi cluster rather will be provided to various clients building on the blockchain network of the entity.

It will help RioDefi make maximum output from the full decentralized system that thoroughly withholds the legal requirements. The firm will work to integrate the DID ecosystem of in the future for offering enhanced tools for the projects working on the RioDefi blockchain. The two vital requirements for technical and legal GDPR compliance are:

  • To safeguard and preserve the data within the EU. is able to achieve this condition through an important feature where the developers can save the data on the nodes within the EU.
  • Offer a forget facility for the customers.

The collaboration will help the firms carve out a system that will improve the users’ operability standards. It will strive to bring more independence for the DeFi space by eliminating the dependence on centralized cloud hubs governed by leaders like Google Cloud. RioDefi aims to popularize decentralized financing options so that more and more people can benefit from it. The system offers the best services at lower transaction charges, quick confirmations, high accuracy and security, good returns for savings account holders, etc. It is fueled by RioChain that works on $RFUEL gas fees. The team aspires to offer wallet, exchange, and secure payment services for the customers and entities.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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