Zurich, Switzerland — 14th October 2021 — In line with its mission to bridge the gap between decentralized and traditional finance, AllianceBlock has announced a strategic partnership with dua AG, a Swiss-based company using algorithms and machine learning to match people of fragmented global communities with each other on their platforms.
AllianceBlock and dua AG are teaming up to provide globally fragmented communities with multiple payment solutions, including a wallet that enables them to do transactions globally. AllianceBlock and dua.com have a shared mission to empower and connect people!
Providing solutions for global diasporas!
There are currently almost 300 Million international migrants. That amounts to 1 out of 25 people living on this planet. So, dua is addressing a fundamental, yet unmet need for these globally dispersed communities to connect people with their communities back home. Like AllianceBlock, dua is building new bridges.
International migration also means international remittances. Every year approximately $700 Billion is being transferred by migrants to their families and communities in their country of origin. Dua AG is an ecosystem solution for these global communities. It provides an integrated messaging and matchmaking platform for all kinds of relationships (Dating, Business & Friendships) that allows its users to easily find new people, communicate, stay connected, and do transactions. Dua AG is partnering with AllianceBlock to build digital banking services for those communities.
AllianceBlock is building the Future of Finance, dua is building the Future of the Community
“Digital assets offer fragmented communities unprecedented opportunities when it comes to payments and remittances. This partnership is yet another example of a traditional company venturing into the crypto sphere. Through our Fundrs platform, AllianceBlock’s unique DeFi technology will help give dua’s users more control over their finances, enabling them to safely and cheaply send crypto assets to their families and communities.”
– CEO and Founder of AllianceBlock, Rachid Ajaja
“While AllianceBlock is building the Future of Finance, dua is building the Future of the Community. Together we are building the future of finance and community – that goes hand in hand. AllianceBlock’s mission is noble and bold. We’re proud to be part of this journey with Rachid, Matthijs, Christen, and their amazing team. Bridging this huge gap between traditional, centralized, and decentralized finance will not only lower costs and create greater, faster, and easier access to capital, but it will also empower people. That’s exactly the goal that connects us the most: To empower the people.”
– CEO and Founder of dua.com, Valon Asani
To date, dua.com has built a community of over 270’000 registered users on their platform (iOS, Android and soon a web app). They have 500’000 followers on their social media channels. The apps have been used way over 1.1 billion times by their community and resulted in over 2.5 Million matches between the dua-members.
Dua Pay and AllianceBlock Technologies
The collaboration with AllianceBlock is perfectly timed with the growth since the team at dua is constantly expanding the platform with dua pay, the DUA token, the $DUA stablecoin which will be backed by ALBT, and more that is to come! dua pay is a remittance transaction and payment platform with cryptocurrency transactions that will be leveraging DeFi to build digital banking services for international diasporas. It is being built to embody the vision that no fragmented community should have to pay exorbitant fees when it comes to sending money abroad.
Dua Pay has just been accepted by Harvard Innovation Lab’s Venture Program. They also won second place in the #RemTech Demo Day of TechQuartier, supported by big names such as Visa, EY, and Germany Trade & Invest.
AllianceBlock is bridging the gap between decentralized finance and traditional finance, by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
dua AG will empower its communities by enabling them to use AllianceBlock’s technology for:
- Crowdfunding projects and startups
- Payments and especially Remittances
- Service or asset exchange transactions
- A reward system for our communities
- Leverage DeFi and AllianceBlock Technology to build digital banking services
AllianceBlock and dua AG are empowering people to create wealth by giving them access to this new economic reality.
“I am extremely happy that dua pay is finally becoming a reality. For decades, people have been sending money home to their loved ones at unreasonable fees. We believe that people will finally overcome this great burden and save up to 90% of the cost by sending money through our solution. I am confident that with AllianceBlock’s support, dua pay will flourish in giving fragmented communities new financial opportunities.”
Head of dua pay, Ardit Trikshiqi
With the help of AllianceBlock, the launch of dua Pay will enable people to send money in the form of stable cryptocurrencies, which are easy to use, highly secure, and almost instantaneous for almost no fees – therefore making international money transfers far more cost-effective and accessible than current traditional financial companies.
In this groundbreaking collaboration, dua brings its community to AllianceBlock, and AllianceBlock brings its technology to dua’s communities. We’re very excited about this amazing and unique collaboration between dua and AllianceBlock. We will continue working consistently, with great passion and #NOMERCY, until this beautiful vision of ours becomes a living reality!