The Binary Holdings Secures $5M from ABO Digital to Boost Decentralized Network Expansion
Binary Holdings, a leading decentralized technology company, announced it had secured about $5 million worth of investment from ABO Digital, a renowned digital asset investment firm.
According to an official announcement today, ABO Digital has pumped these funds into The Binary Holdings, a bid to combine efforts to transform the global digital economy, signaling its commitment to providing alternative financing solutions to cryptocurrency projects around the world.
The funding aims to help Binary Holdings achieve its mission of reshaping how businesses, consumers, and investors interact in the digital landscape. The company is targeting one billion users by 2025.
ABO Digital Collaborates With The Binary Holdings to Expand Its Decentralized Network
The strategic investment marks a notable collaboration between ABO Digital and Binary Holdings to expand Binary Network further. This decentralized open network seamlessly integrates with Web2 infrastructure while unlocking the full potential of Web3.
Asides ABO Digtals, Binary Holdings boasts of a range of partners, including major telecom providers, to redefine how people and businesses interact across regions.
While The Binary Holdings has positioned itself as a major player in the decentralized network ecosystem, it makes a great fit for ABO Digitals as they embark on a journey to empower businesses and users to benefit from digital services such as cross-border payments, gaming, digital social and other compelling services.
The Binary Network allows users, businesses, and service providers to connect and transact across borders seamlessly. It uses its digital currency, BNRY, to redefine how value flows between participants, ensuring that payments are frictionless and accessible to users worldwide.
Nonetheless, Binary Holdings believes it is on track to reach 1 billion users by December 2025 due to its ability to facilitate seamless transactions and interactions across multiple industries, which has already garnered attention from some of the worlds largest companies.
Talal Samy, the Investment Associate at ABO Digital, expressed delight at the new collaboration saying;
We are excited to collaborate with The Binary Holdings at such a pivotal time in the evolution of the digital economyThe companys ability to innovate, scale, and bring real-world solutions to a global audience is unmatched. Their groundbreaking work in creating seamless global interoperability and fostering mass adoption of decentralised technologies aligns perfectly with our mission, and we are proud to support them as they continue to shape the future of Web3.
The Binary Holdings Announces Plans to Launch Millenia in Q2 2025
Apart from its vision to expand its user base by 1 billion, Binary Holdings has also disclosed plans to launch Millenia, a digital bank aimed at simplifying cross-border payments and remittances for users within The Binary Network.
Scheduled for Q2 2025, Millenia will empower seamless transactions for individuals and businesses while offering low-cost, fast, and transparent services.
Millenias services will be powered by The Binary Networks secure, decentralised, and interoperable infrastructure, with BNRY as the primary transaction digital currency.
Siddharth Sahi, CBO of The Binary Holdings, made remarks on the proposed launch of Millenia, saying,
The Binary Holdings is at the forefront of creating a new global standard for digital distribution and commerceWith the launch of the Binary Digital Bank, support from ABO Digital, and an expanding network of partners, were excited to continue pushing boundaries and bringing innovative solutions to our global community.
Text source: ZyCrypto
