The Gluwa wallet was integrated into the Aella consumer credit application. Approximately 1 million transactions were recorded on the Blockchain during the cooperation event, which took place across Africa. The Luniverse sidechain now has transaction information for the African region’s 2 million Aella app users. Gluwa is a financial platform established in San Francisco that uses both decentralized infrastructure and worldwide investment chances to help clients manage their finances.
Gluwacoin is the erc-20 token for the Gluwa platform. Gluwacoin is linked to fiat currencies at a 1:1 ratio.
Gluwa initially partnered with Aella, a one-of-a-kind lending platform for unbanked persons in emerging countries, four years ago, but the two companies only recently integrated. As per estimates, it took Gluwa approximately three months to record a million blockchain transactions. Gluwa Tae Oh, the company’s founder, and CEO remarked that attaining this goal in such a short period is an accomplishment.
In addition, Tae Oh stated that:
“the partnership highlights the broad benefits of an API integration allowing all transactions to be processed through the Aella application.”
Aella’s CEO, Akin Jones stated about the partnership:
“our company is committed to improving financial inclusion for people who live in the world’s developing markets. Partnering with Gluwa has made our application ire transparent and efficient. We hope for this integration to work for years to come.”
Investments and remittances largely available on the Aella Wallet are also held on the Luniverse Sidechain. Gluwa and Aella collaborated to generate around 28 million blocks in the previous three months.
As per Gluwa’s newest announcement, their team of professional engineers has been working diligently to enhance performance, remove backend issues, and make other improvements. In September, Gluwa also enhanced its transaction signature validation procedure.