Crypto.com becomes gold member of Singapore Blockchain Innovation Programme

January 6, 2022

Crypto.com is supporting Singapore Blockchain Innovation Programme (SBIP) as a Gold Member as of December 2021. SBIP was launched in December 2020 with the goal to strengthen Singapore’s blockchain ecosystem.

Professor Low Teck Seng, Chief Executive Officer, NRF, said, ‘The Singapore Blockchain Innovation Programme (SBIP) provides exciting growth opportunities for the blockchain innovation landscape and is a significant milestone in Singapore’s journey towards becoming a trusted, digital economy. […] SBIP will help companies accelerate their technology adoption and be ready for the next phase of digital evolution.’

Henry Hon, PhD, Head of Research at Crypto.com, added: ‘SBIP’s research in blockchain scalability is vital to the crypto industry. More efficient networks increase the number of processed transactions per second (TPS) and also allow for lower gas fees, making the worlds of DeFi, NFTs, and GameFi affordable for more users. SBIP’s research in blockchain interoperability is another key motivation for our support to the programme. We expect the future of crypto to be a multichain one, allowing users to move funds from one blockchain to another in an easy but secure manner.’

Currently, crypto.com price is expected to rise. The total transaction count on Crypto.com’s EVM chain Cronos has crossed 9 million. However, aalysts are bullish on Crypto.com price, predicting a bull run in the native token of the exchange.

Source: Crypto.com Blog

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