The partnership is yet another push by RocketFi to simplify DeFi for users, with its DEX due for launch by month’s end.
RocketFi Partners DKYC
RocketFi continues to expand its vision of simplifying Decentralized Finance (DeFi) for everyone. A recent partnership with privacy-focused protocol, DKYC, allows RocketFi to offer its users a new utility: DKYC Prepaid Visa Card.
Both RocketFi and DKYC are reflect token ecosystems which offer their users an option of receiving reflection rewards in BUSD. DKYC’s flagship utility is its Prepaid Visa® Card which enables users of the protocol to route their BUSD reflections to their cards, which they can use for purchases at any online retail shop where Visa® Prepaid Cards are accepted. RocketFi confirmed the partnership with DKYC via Twitter on May 3. As a result of the collaboration, RocketFi’s community will potentially be able to spend their BUSD reflection rewards through DKYC’s prepaid Visa® cards.
“It’s Official. We have partnered with @DontKYC. We will be added to their Lineup, and they will be added to our Reflection System as well,” RocketFi tweeted, “Having them as a partner opens a door for the use of their Visa Cards to spend #BUSD,”
DKYC, which means “Don’t Know Your Customer,” boasts the first frictionless bridge between BNB Chain and real-world spending. Using the protocol’s prepaid Visa card does not require know-your-customer (KYC), and transactions done with the card are anonymous. The only requirement is for users to accumulate enough BUSD – a minimum of $20, which they could then swap for DKYC’s card. DKYC, through this innovation, aims to offer true financial freedom to DeFi users. More information about DKYC’s Prepaid VISA Card can be found HERE.
The similarity between RocketFi and DKYC made seamless mutual integration between the two protocols easy. Following the partnership, RocketFi has released an update for its Decentralized Application (dApp) with an option for users to receive their reflection rewards in DKYC tokens. RocketFi plans to launch a Decentralized Exchange (DEX) at the end of the month as it pushes its vision of simplifying decentralized finance and the Web3 experience for everyone.
What is RocketFi?
RocketFi is a BNB Chain protocol on a mission to create innovative and user-friendly blockchain and web3 tools. The platform targets building its products from the ground up to ensure optimal user-friendly utility for both crypto amateurs and experts.
The project team comprises leaders in engineering, security, design, etc., pooling their expertise together to drive RocketFi’s innovative approach to Web3 tools development.
Where to find RocketFi:
Website | Whitepaper | Twitter | Medium | Telegram | Discord | Reddit | YouTube
What is DKYC?
DKYC is a decentralized finance protocol on BNB Chain, which boasts of being the first frictionless interface between BNB Chain and real-world spending. Holders of the protocol’s $DKYC token earn reflection rewards in BUSD which get automatically credited to their wallets. Holders can convert their accrued BUSD reflections into prepaid Visa® cards, which they can use anonymously without know-your-customer (KYC).
Where to find DKYC:
Website | Twitter | Medium | Telegram | Discord | Reddit | YouTube | Instagram
Source : bsc.news
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