Matrix shakes hand with BitGo Network

Matrix Network has partnered with BitGo, one of the biggest virtual assets service providers. The two have struck an agreement according to which Matrix, another virtual asset service provider, will be able to use the traits of BitGo Network. The integration of BitGo Network in Matrix network will allow the latter to expand its services and broaden its market. 

Furthermore, with the help of BitGo Network, Matrix will improve the security features in its hot and cold storage. The two titans will be able to mutually benefit from this partnership, as stated by the President of Matrix, Vasja Zupan.

Vasja Zupan further added in his statement that he is extremely excited about partnering with BitGo, which will enhance Matrix’s ability to provide its users the unique and high-quality service they deserve. 

Matrix is ready for Abu Dhabi

The digital asset service provider is now ready for Abu Dhabi’s international trade center, the Abu Dhabi Global Market, or simply, the ADGM. This means that Matrix now complies with all the stipulations of ADGM, which opens up a lot of new opportunities for the firm. 

This new partnership deal struck by the firm will benefit it in promoting crypto adoption in the United Arab Emirates as well. After the world from the central banks in the country that they are planning to release their own CBDC, we can say that the Middle East won’t remain silent during the current widespread crypto adoption across the world. 

BitGo aims to strengthen its market in the Middle East

BitGo also benefits from the partnership as Matrix will help the company strengthen its market in the Middle East. Mike Belshe, the current CEO of BitGo, considers the Middle East as a ‘hidden gem’ for crypto adoption. He further added, 

It can be concluded that the future for cryptocurrencies and blockchain-based firms in UAE and Middle East is definitely rising while crypto-related laws are getting introduced. The release of a CBDC from the central banks will solidify these claims from BitGo CEO as crypto adoption in the region surges.