Cryptocurrency Wallet BRD Integrates With Blockchain Platform Hedera Hashgraph

Blockchain, News | June 26, 2020 By:

Cryptocurrency wallet BRD has announced a strategic partnership with Hedera Hashgraph, a public distributed ledger platform.

Launched in 2015, BRD provides consumers with the simplest and secure way to buy and protect bitcoin and other cryptocurrencies. With close to 5 million customers worldwide, BRD has accumulated an estimated $6 billion of crypto assets under protection and is one of the fastest-growing blockchain-enabled finance apps for everyday consumers.

Hedera Hashgraph is an enterprise-grade public ledger designed to have highly diversified governance and the most distributed consensus at scale. It enables organizations to build enterprise-grade applications that address issues such as latency on cryptocurrency transactions, confidence and efficiency in the verification of smart contracts, and secure and transparent storage of files.

As part of the partnership, the BRD consumer wallet added support for Hedera’s native cryptocurrency, HBAR. Hedera’s network data will be also supported in Blockset, an enterprise-grade blockchain data integration platform that provides a suite of ready-to-use tools that facilitate the building of cost-efficient blockchain applications and which eliminate barriers to entry. Hedera’s integration into Blockset will enable read and write functionality, which means companies are not only able to read data but also transact on-chain through Blockset’s API.

“This relationship between BRD and Hedera is built upon a confluence of a shared ambition to accelerate enterprise adoption of decentralized technologies, and represents another milestone moment in our 2020 highlight reel,” said Adam Traidman, CEO of BRD. “Hedera already supports many tangible use-cases today and its Governing Council comprises leading enterprises across a variety of industry verticals. Integrating Hedera into our Blockset product not only showcases Hedera’s technology to enterprises around the world, but it also enhances the value proposition of the Blockset product more broadly.”

According to Hedera, the addition of HBAR to the BRD consumer wallet will not only extend the reach of the cryptocurrency to BRD’s rapidly expanding community, but it enables them to take advantage of the ongoing growth of the consumer market.

“Hedera’s hashgraph technology is designed to support high throughput consumer and enterprise usage,” said Mance Harmon, CEO and Co-founder of Hedera Hashgraph. “By including HBAR in BRD’s consumer wallet, we are exposing our technology to millions of users globally. BRD is a bonafide industry leader, with an unrivaled track record in bringing seamless usability and ease of access to the digital assets space globally. With Blockset, the BRD team is also making significant inroads as a prominent driver of enterprise adoption. We are excited to be able to leverage the elite Blockset suite of tools as a means of gaining exposure within the enterprise ecosystem.”