DuckDAO has announced a strategic partnership with SparkPoint that will focus on financial inclusivity and making decentralized finance and cryptocurrencies more accessible to the masses.
Both cryptocurrencies and decentralized finance (DeFi) are representative of the next step when it comes to how individuals interact with finance, dictating how they spend, save and invest their capital and manage their finances. However, only a fraction of the population use or is able to own cryptocurrencies.
A Mutually Beneficial Partnership
DuckDAO’s latest strategic partner, SparkPoint, is out to change the imbalance in cryptocurrencies and DeFi by creating an ecosystem and range of products that promote financial inclusivity, making DeFi and crypto more accessible to the population.
DuckDAO and SparkPoint have similar visions with DuckDAO bringing cryptocurrencies to the masses, giving them easy access to investment opportunities that were earlier available only to a few well-connected Venture Capitalists and crypto funds.
Both DuckDAO and SparkPoint hope to benefit from a mutually beneficial strategic partnership based on information sharing, deal flow, and general support.
Bringing Cryptocurrencies To the Masses
SparkPoint is building the digital infrastructure needed to democratize digital payments and cryptocurrencies. With interest in crypto at an all-time high, SparkPoint is helping businesses and individuals overcome challenges that present themselves when entering the crypto space. Challenges may present themselves in the form of high fees, poor customer service, poor user experience, and a lack of suitable resources.
An Ecosystem Of Products
To make decentralized finance and cryptocurrencies more accessible, SparkPoint has created a host of products, which include the following.
- SparkPlay - SparkPlay is a collection of in-house games that offer crypto-based rewards and owner-player content. Games in SparkPlay currently include Crypto Burst, Crypt Slicer, and the latest title, Crypto Loco.
- The SparkPoint Wallet - The SparkPoint wallet is a secure, custodial wallet that also comes with support for Bitcoin, Ethereum, SparkPoint, Binance Coin, and several other ERC-20 and BEP-20 tokens.
- SparkEarn - SparkEarn rewards users when they complete simple tasks and refer their friends to SparkPoint. All rewards are paid out in crypto.
- SparkLearn - SparkLearn is SparkPoint’s e-learning initiative. The platform provides blockchain and financial education courses. It also offers a full blockchain developer bootcamp.
- SparkDeFi - SparkDeFi is SparkPoint’s offering of a host of DeFi tools. It also includes peer-to-peer lending, decentralized exchange, token bridge, and a project launchpad.
SparkPoint’s Global Ambitions
Currently, SparkPoint is focusing most of its efforts in the Philippines, which has seen a significant rise in the adoption and use of cryptocurrencies over the past year. Over 50% of the population of the Philippines has expressed interest in cryptocurrencies and investing in them. Currently, over 4.8 million Filipinos hold cryptocurrencies, but there is significant room for growth.
SparkPoint also has global ambitions and has already made its first foray into North America, with global expansion plans already in the works.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.