Agora is a great choice as the newest partner. They are just one of the building blocks to fully scale up to the big institutions. Just like the charts... pull back.. look at the whole picture and put the pieces together.
Early on $KTA partnered with @googlecloud to build on the google cloud spanner giving scalability.
Following that up they partnered with @footprint_hq and @SOLOAPI . These two partners help with institutional and banking grade compliance giving KYC and tokenized credit checks for lending. Banks like @visa@BankofAmerica and @Citibank need these in place to conduct business.
Then the stress test comes.. independently audited by @chainspect_app and performed in collaboration with @GoogleCloudTech they performed over 10 millon TPS.. dwarfing the fastest chains out there including $SOL which tops out generally at 65k TPS. This gives @KeetaNetwork the abillity to handle ALL of the global transaction currently being performed on a daily basis.
Do I believe that we will take all the business... NO but we can take a good chunk. (I say we because as the community we are all in this together but I know it is @schenkty , @yourpal and @gabe_schenk 's project and dream). Chains like $XRP have not yet been able to reach the compliance levels of $KTA and that's because @KeetaNetwork was built SPECIFICALY for banking and institutional use.
Networking behind the scenes takes time and Ty has been doing this. @schenkty has been taking meetings with CEO's and government officials from many larger businesses and banks which have all have required the network to do different tasks to meet their needs. This doesn't happen over night.
Bring in @withAUSD . Although it is a smaller firm in the eyes of the financial sector, they are provding a need that many are looking for. Like @KeetaNetwork they are growing and providing a platform for other business to create there own stable coins backed 1:1 with provable reserves. This is important to show stability of the company. Agora already has the backing of @StateStreet and @vaneck_us with trillions of dollars flowing thru the two aformantioned businesses.
Why is Agora important to Keeta? It provides a runway to our own stable coin that is fully compliant and the first of it's kind. Large banking institutions are handcuffed by regulations and need a compliant stable coin to except funds via crypto. It is a stepping stone to debanking and eliminates steps the bank needs to follow in order to recieve funds. They can now except crypto directly and now it is compliant using the new @keeta stablecoin $KUSD. This is only possible with the partnership of @withAUSD (Who also just partnered with $TEMPO)
Are you seeing the big picture now. This partnership is a necessary step to build the bridge between defi and tradfi. All the partners released so far have been building blocks to build the keeta "engine". Without all points falling into place the engine never gets started. As @schenkty said.. "main net is simply turning on the engine. what happens when we accelerate is what matters most $KTA" .They are still at the starting line.
Give it time.. look at the path so far and where it is leading. The team is going after an untapped market and have a significant head start. They are putting the final touches in place to allow larger firms to use Keeta. The build takes time and I believe the end result will be revolutionary.
I didn't even touch on
-@ericschmidt
-buybacks/flywheel
-usecases
-tokenization
-and more
#DYOR and thanks for reading!