The DEA (Digital Euro Association) recently announced a partnership with The HBAR Foundation. The consortium released an official post to announce the collaboration.
The post read that the DEA will work with HBAR, the force multiplier for the Hedera network. The collaboration will see the parties innovating the digital landscape. The HBAR Foundation is known for supporting projects that use Hedera’s Hashgraph technology to steer apps.
The company is committed to fostering a sustainable and cutting-edge digital future. Their mission aligns perfectly with DEA’s aim to enhance the adoption, development, and understanding of CBDC (Central Bank Digital Currency) and stablecoin projects.
The sheer stature of the recent partnership helped the HBAR coin gain 3.20% in 24 hours. The coin is currently trading at $0.1102, with a 3.50% growth in the past seven days. At the current pace, the HBAR coin price prediction sees Hedera staying at a stable $0.12 before the year ends.
Coming back to the partnership, the chairman of DEA also shared a statement. Dr. Jonas Gross stated that the DEA is thrilled to partner with The HBAR Foundation. HBAR’s efforts in nurturing virtual money ecosystems resonate with DEA’s future vision.
The partnership shows the DEA’s dedication to advocating and exploring technologies that make the virtual currency ecosystem efficient and secure, added Dr. Gross.
Similarly, Shayne Higdon, the HBAR Foundation’s CEO, also praised the collaboration. Higdon stated that joining hands with the DEA aligns with Hedera’s commitment to developing a sustainable virtual future.
Hedera boasts the lowest carbon footprint of decentralized ledger technology. This puts the venture in a position to facilitate quick and low-cost transactions. At the same time, Hedera delivers massive contributions to the growth of the virtual currency industry.
A partnership with the DEA will help Hedera make more contributions to the digital currency market, added Higdon. Given the stature both parties hold, their joint efforts will certainly leave a mark on the digital currency circuit.
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