PARSIQ Integrates with Clover, Also Announces Financial Support

PARSIQ has allied with Clover to integrate PARSIQ’s technology into the rapidly developing Clover ecosystem.

PARSIQ and Clover Ink Alliance

In an announcement made today, blockchain monitoring and workflow automation platform PARSIQ stated it had partnered with Ethereum-based smart contract platform Clover and its multi-chain connected cryptocurrency wallet to enable users to have a single wallet to connect to Ethereum, Polkadot, Kusama, Binance Smart Chain, Avalanche, Fantom, and Edgeware blockchains.

Sharing the ideology of allowing data to flow freely between blockchains to foster DeFi’s mainstream adoption, it was only a matter of time before PARSIQ and Clover’s paths met.

Clover is designed to be a Polkadot-based open DeFi platform to provide users with a wide range of financial tools devoid of the skyrocketing transaction fees that has plagued the Ethereum network. Clover is working toward enabling rapid access for P2P trading that requires no sign up or account creation.

Clover users enjoy the advantages of a trustless, anonymous, fair, fast, and cheap financial instrument that leverages Clover’s first of its kind innovative cross-chain system.

More than Just a Partnership

In addition to the technological integration, PARSIQ is also backing Clover financially on the back of its strong belief in projects focusing on interoperability and the advancement of utilities across several different blockchains. 

Commenting on the development, Tom Tirman, CEO, PARSIQ, said:

“The Ethereum Network was brilliant when released, but the scale it has grown to now has become a real issue for usage. Fees for using the network created barriers and solutions must be found, as the crypto space as a whole continues to grow. Clover offers a unique solution, paving the way for the next generation of solutions focusing on delivering a financial tool for the masses.”

For the uninitiated, PARSIQ is a blockchain monitoring and workflow management platform that functions as a multi-level bridge between different blockchains and off-chain applications. Notably, PARSIQ technology is a proprietary ParsiQL programming language that enables users to monitor and analyse an endless stream of data on the blockchain, thereby them to monitor all traders and ordinary users’ wallets. Learn more about PARSIQ here.

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