AllianceBlock Partners with dua.com to Disrupt the Thriving Remittances Industry

In line with our vision for an integrated landscape of traditional and decentralized worlds, we’re excited to announce a partnership with dua.com, who are changing the way globally fragmented communities connect, both emotionally and financially. dua’s international community of users currently stands at over 270,000.

Dua is the first utility token to support the new economic system around globally-fragmented communities.

So what is the dua token and how will it enable this new economic system?Today, migrants and their relatives are more disconnected and underserved than ever. Existing social networks fail to provide a platform that unifies virtual connections and financial services. No platform solves the pain derived from the lack of personal identification or financial access.

Currently, 1.4 billion people cannot access financial services, and 1.1 billion people have no way to claim ownership of their identities. This lack of access limits their potential for growth and economic prosperity. Hence, there is an urgent need for a social and economic support system built with first principles to help create a thriving virtual economy where people identify, connect and transact without intermediaries and central authorities.

Issued by the dua Foundation, DUA and its applications will help users, businesses, and creators originating from these communities to;

• Transact without any intermediaries and get compensated securely & in real-time
• Verify virtual identities, gather and build up their reputations across the web
• Be their own bank, and remove financial burdens posed by financial institutions

User experience is crucial when planning to onboard the next 100 million people to Web3. Thanks to an in-built non-custodial wallet, dua.com users can create and own their decentralized identities, get rewarded for in-app activities, and connect to DeFi without leaving their app.

“Today, dua.com comprises a team of 50 people supporting over 5 million users across the globe. Recently, dua.com hit 100K MRR after 14 months since we introduced our Premium subscription. We crossed 2.2 billion user interactions within the app and hit over 10 Million matches between our users. With the help of the dua Foundation and our partners, we aim to reduce the gap, remove the issues created by migration, and enable millions of people worldwide to access tomorrow’s digital and financial services.” Ardit Trikshiqi — Chief Payments Officer at dua.com

Using AllianceBlock’s technology to disrupt a multi-billion-dollar industry

As a result, our technological innovation improves the expensive and slow international remittances, in which billions of dollars are transferred per year. The partnership with Dua signifies the introduction of decentralized finance to traditional systems and is a bold move in the creation of superior international transactions.

Rachid Ajaja, CEO and Co-founder of AllianceBlock, said, “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.”

Talking about dua pay, which has been accepted by Harvard Innovation Lab’s Venture Program, Valon Asani, CEO and Founder of dua.com, said, “While AllianceBlock is building the future of finance, dua is building the future of the community. Together, we are building a future of both that goes hand in hand. AllianceBlock’s mission is noble and bold. We’re proud to be working with their amazing team. Bridging the huge gap between centralized, and decentralized finance will not only lower costs to 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.”

Rachid Ajaja concluded, “The future of finance will be an integrated system where the best parts of traditional and decentralized finance will work together to increase capital flows. We look forward to bringing the benefits of our DeFi technology to dua’s wide user base, and to creating real, valuable change.”

About dua

dua.com is changing the way globally fragmented communities connect by providing the next generation mobile platform which includes matchmaking and payment services that enable peer-to-peer transactions based on centralized and decentralized finance. dua connects individuals across friendship, romance, business and family relationship fields.

About AllianceBlock

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.

Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.

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