Umbrella Network Announces Partnership with SafePal
Umbrella Network is pleased to announce a partnership with SafePal— a cryptocurrency wallet that offers both hardware and software variants. Under this partnership, Umbrella and SafePal will be collaborating on several fronts: 1) SafePal will be supporting the $UMB token in both their hardware and software wallets 2) Umbrella’s staking portal now supports SafePal wallet and 3) Umbrella will look to provide pricing feeds to SafePal for various cryptocurrency assets and tokenized stocks in the future.
Umbrella Network’s decentralized oracles enable dApps to access thousands of data points instead of hundreds. This is what most other oracles are able to offer. This allows dApps to unlock greater granularity in terms of data accessibility and processing.
Speaking on the bylines of the partnership, Sam Kim, the Senior Advisor at Umbrella Network said —
“We are excited to be partnering with SafePal. We think that everybody have both hardware and software wallets, just as we hold both cash as well as funds in the bank. Personally, I’m excited about the possibilities of the various ways that Umbrella Network and SafePal can collaborate in the future.”
About Umbrella Network
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, allowing for the batching of data to smart contracts accurately, securely, and inexpensively.
Umbrella believes a community-owned oracle is not only possible but essential to creating a truly decentralized financial system.
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About SafePal
Founded in 2018, SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto management platform for the masses. Being the first hardware wallet portfolio of Binance, SafePal is now serving more than 2 million users across the globe. SafePal provides hardware wallet and software wallet product lines, all paired and managed through the SafePal App, where users can easily store, manage, swap, trade, and grow their crypto wealth.
SafePal has not only supported 15 languages, 21 blockchains, 10,000+ tokens, and all the NFT standards, but also integrated with Binance DEX, Binance Spot Trading, and all DApps on Ethereum, BSC, and Tron networks.
