KEY TAKEAWAYS
- Kima partners with Coffer Network to enhance Bitcoin asset management through smart account solutions.
- Coffer Network introduces advanced security and cross-chain functionality for Bitcoin within the DeFi ecosystem.
- The partnership aims to expand Bitcoin’s accessibility by integrating Kima’s cross-chain payment solutions.
- Kima’s settlement protocol supports seamless transactions between fiat and crypto, enhancing DeFi accessibility.
Kima has announced a strategic partnership with Coffer Network, a decentralized programmable smart account infrastructure designed exclusively for Bitcoin. This collaboration aims to transform how Bitcoin holders manage their assets by introducing smart account solutions that offer advanced security, enhanced earning opportunities, and cross-chain functionality.
Coffer Network leverages native multi-signature technology to provide a Gnosis Safe-like experience tailored to Bitcoin. This approach seeks to expand Bitcoin’s capabilities within the decentralized finance (DeFi) ecosystem.
Innovative Solutions by Coffer Network
Coffer Network’s ecosystem introduces cutting-edge solutions for Bitcoin holders, aiming to create a secure, user-friendly, and profitable DeFi experience. As part of the partnership, Coffer is exploring the integration of Kima’s cross-chain payment solutions. This integration will enable users from ecosystems such as Solana, Tron, Avalanche, BNB, and Polygon to deposit stablecoins on the Coffer Network. These stablecoins can then be converted into Bitcoin, unlocking staking opportunities and enhanced yields.
Additionally, through Kima’s on/off-ramp solutions, users will soon be able to deposit fiat currencies, including EUR and USD, directly into the Coffer platform. This feature is expected to simplify Bitcoin and Bitcoin Layer 2 asset purchases, making Bitcoin DeFi more accessible to traditional finance users.
Expanding Bitcoin’s Accessibility
The partnership between Kima and Coffer marks a significant step in Bitcoin’s journey toward becoming a central player in decentralized finance. By combining Coffer’s secure and innovative Bitcoin smart accounts with Kima’s robust cross-chain solutions, the collaboration aims to expand Bitcoin’s accessibility across various ecosystems.
Kima is an asset-agnostic, blockchain-based decentralized settlement protocol designed to address fragmentation in the crypto and broader financial space. By introducing a new financial primitive called the Smart Transaction and an easy-to-use SDK for Web3 and Web 2.0 apps, Kima facilitates interchain and hybrid transactions. This settlement layer supports multi-ecosystem payments, peer-to-peer commerce, CeFi/DeFi services, cross-chain DEX swaps, and omnichannel wallets, providing a seamless connection between fiat and crypto while emphasizing security and accessibility.
The full announcement can be read here.
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