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Cudos And MELD Announce Team Up To Increase Crypto Mining

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Apr 5, 2022

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One of the remarkable things about the evolution of the blockchain sector in the last decade is that there is greater collaboration between the various sub-sectors in the industry.

Concepts like DeFi, NFTs, crypto, and so on are constantly being brought under a singular umbrella as opposed to being separate entities. 

For consumers, this often means more access to blockchain-based products and services and more freedom. One company that is working to provide this, Kudos, has announced a new partnership with MELD to further access crypto mining offerings. 

Mine Over Matter 

Cudos has, since its inception, worked to create more access to blockchain-based products like NFTs, DeFi, and gaming with a view to powering the metaverse.

The layer-1 and layer-2 protocol helps to provide computing power on a large scale and is also committed to helping the growth of financial freedom tools using blockchain in emerging African countries. 

Cudos also offers an infrastructure for cloud mining on its web and mobile platform that allows users to engage in cloud mining.

This is where its new partnership with MELD comes in as the company will be offering MELDapp wallet integration for Cudos users.

Using this system, users can decide how much they are willing to budget for mining and can even opt to only mine during low-cost periods of time. 

Cudos will also ensure that assets can be transferred to its own network to allow for Web3 connectivity. On the technical side, this partnership will also see support from Tingo that will allow its own users to use Cudos cloud mining services. 

The Age of Inclusivity 

Cudos’ and MELD’s biggest goal is financial inclusivity and empowerment and helping its users better and more affordably mine cryptocurrency is a huge step in that direction.

According to MELD’s management, it is trying to break the monopoly that centralized institutions have on the financial industry. 

Currently, over 2 billion people in the world are unbanked but MELD believes that with the power of blockchain, this number can be significantly reduced and a world of benefit brought to the general public.  

“The vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, MELD strives to provide their users with the functions they need to manage their own financial lives,” they say. 

More announcements will be made regarding the partnership as its various products and services are fully rolled out.

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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