Carry Protocol, a blockchain protocol that connects merchants with their consumers, today announced that it has entered into an OTC (Over the Counter) partnership with global cryptocurrency ATM firm, and OTC service provider Genesis Block.
Genesis Block is a top tier OTC services provider in Asia, with monthly volumes of over 120M USD. In 2017, they were the largest OTC provider for Bitcoin Cash (BCH), and currently is the largest crypto ATM firm in many Asian countries, including Hong Kong, Japan, and Taiwan.
Currently, Genesis Block deals with 13 cryptocurrencies. Carry will be its 14th.
Genesis Block cryptocurrency list: Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH), Ripple (XRP), Eos (EOS), Cardano (ADA), Tether (USDT), Tron (TRX), True USD (TUSD), Litecoin (LTC), Binance Coin (BNB), and now Carry Protocol (CRE).
Carry Protocol is looking to leverage this partnership to increase both interest and trade amongst institutional, and non-Korean investors. Moreover, it’s exploring possible synergies with Genesis Block’s ATM business.
“Around 25% of all crypto trading happens via OTC markets. We expect, through this partnership, that foreign and institutional investors will pay more attention to our project,” further adding that. We hope that this partnership will help with getting the Carry name out there, make it more approachable, ultimately making it a household name when it comes to a real use case for the blockchain.”
The Carry Protocol is operated by the co-founders of Spoqa, South Korea’s largest brick-and-mortar rewards platform. Spoqa already has customer-facing tablets installed in 10,000 stores across Korea, for use with their Dodo Point loyalty service.