Partnership with Quickbit
20/07/2022 07:00
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RNS Number : 0427T AQRU plc 20 July 2022
Press Release
20 July 2022
AQRU PLC
("AQRU" or "the Company")
Partnership with Quickbit
AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance
("DeFi"), is pleased to announce that its wholly owned subsidiary, Accru
Finance Ltd. ("Accru Finance"), has entered into a partnership with Quickbit
eu AB (publ) (NSME: QBIT) ("Quickbit"), a leading Swedish fintech company, to
offer Accru Finance's yield generating products to a wider customer base.
Quickbit facilitates payments in cryptocurrency for both consumer and
corporate clients. It offers a debit card, the Quickbit Card, and a
consumer-facing cryptocurrency platform, the Quickbit App, which allows for
the depositing of EUR and card payments for eight cryptocurrencies including
BTC, ETH, USDT and ADA. It allows customers to generate returns on their
cryptocurrency in the app. Quickbit has been listed on the NGM Nordic SME
since July 2019.
Quickbit is Accru Finance's first Yield-as-a-Service ("YaaS") partner. Accru
Finance's YaaS API will be integrated into the Quickbit App, allowing
Quickbit's customers to access the competitive returns available from Accru
Finance's DeFi products. By offering their products to Quickbit's customers,
Accru Finance intends to expand access to its DeFi ecosystem and offer its
competitive DeFi yields to an increased customer base.
Commenting on the partnership, Digby Try, co-founder of AQRU said: "The
partnership with Quickbit is a significant milestone for us in our mission to
strip the complexity from the crypto universe. We set out to make building a
balanced crypto portfolio a reality for all investors and being able to
benefit from curated high-yield opportunities is a major part of this. Our
partnership with Quickbit enables us to share that vision with a wider
audience and continue our path to achieving that goal."
Hammad Abuseifan, CEO at Quickbit, said: "Through this partnership with AQRU,
we are able to offer our Quickbit App users a DeFi solution that creates more
value throughout our ecosystem of crypto products. Our mission to simplify the
use of crypto and integrate it into the everyday lives of people by offering
safe and easy-to-use products is well in line with the values of AQRU."
For further information please contact:
AQRU
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
Tennyson Securities
Corporate Broker +44 207 186 9030
Peter Krens
First Sentinel
AQSE Corporate Adviser +44 203 989 2200
Brian Stockbridge
Tancredi Intelligent Communication
Media Relations
Gabriela Amaya Garcia +44 7915 035 294
Charlie Hobbs +44 7897 557 112
AQRU@tancredigroup.com (mailto:AQRU@tancredigroup.com)
About AQRU plc:
AQRU is an incubator specialising in opportunities in decentralised finance
(DeFi), a disruptive technology using blockchain and cryptocurrencies to
remove financial intermediaries from transactions, creating a cheaper, more
efficient and more secure way of providing financial services. Listed on the
Aquis Exchange in London, we apply our expertise to the business operations
and strategic plans of FinTech companies in the UK, USA and Canada, and act as
an accelerator for start-ups and early-stage companies. www.aqruplc.com
(http://www.aqruplc.com)
About Quickbit:
Quickbit is a Swedish fintech company, founded in 2016 with the goal of making
the integration of cryptocurrencies into the everyday lives of people and
companies smoother. Today, Quickbit offers safe and easy-to-use products for
e-merchants as well as customers. With a transaction volume to date in excess
of €900 million, Quickbit has already enabled and empowered individuals
around the world, through the use of cryptocurrencies. Quickbit has been
listed on NGM Nordic SME since July 2019. For more information, please visit
www.quickbit.com (http://www.quickbit.com)
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