Zero Hash, a FinCen-registered Money Service Business, is operating as a regulated Money Transmitter in 51 U.S. jurisdictions. They’ve teamed up with Polkadot to increase their interoperability and collaboration within the Web3 ecosystem. The collaboration aims to provide developers and users with enhanced capabilities for cross-chain applications, including DeFi, payments, and asset tokenization. Polkadot becomes the robust and safe foundation of Web3. It connects innovative applications and ecosystems of blockchains to a common layer.
The integration with Polkadot marks a significant step for Zero Hash in its mission to provide comprehensive services within the digital asset space. Zero Hash’s services and product offerings are not available in every jurisdiction, including in the State of New York. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity. These licenses were issued by the New York State Department of Financial Services. These services like staking are unavailable to their New York customers.
"We've created a simple integration for developers and the Polkadot ecosystem," - Edward Woodford, CEO and Founder of zerohash.
This partnership allows developers to leverage Zero Hash's infrastructure to build innovative solutions on the Polkadot network, further solidifying Polkadot's position as a leading Web3 platform.
"As the Polkadot ecosystem continues to strengthen its position as the leading Web3 platform for stablecoins, partnering with zerohash was a natural fit," - Nicolas Arevalo, CEO of Velocity Labs.
For all things crypto Zero Hash powers the Web3 ecosystem with the infrastructure that makes it all possible. They allow fluid digital asset infrastructure and transfer. Echoing a theme prevalent in any of crypto’s biggest players, the company warns that any cryptocurrency can lose all its value. This would include digital assets pegged to a fiat currency, commodity, or other asset.
Zero Hash’s offerings are available as a white-labeled service for all of their partners and products. Read more about them in detail on their website, zerohash.com. The company actively engages with the community through its X account, @ZeroHashX, providing updates and insights into the digital asset landscape.
Zero Hash has a truly global regulatory footprint, including registrations in Argentina, with more information listed on its website here. A picture used with Zero Hash press announcements, available through a Creative Commons license.
