Astra announced collaboration with Fortress Trust to bring improved security and real-time settlement to new financial technology use cases. Fortress Trust is a prominent custodial trust company in the blockchain infrastructure space. Astra is a top provider of infrastructure for faster payments. The two companies have combined their top-notch solutions to provide customers with a faster, more secure, and efficient payment solution for Web3 and cryptocurrency products.
The partnership between Astra and Fortress will allow developers to integrate a fiat-to-cryptocurrency payment flow using a single API, leveraging Astra’s proficiency in faster payments and Fortress’ proficiency in Web3 finance. Users will have the option to make deposits using various payment methods, including Visa Direct and accelerated ACH, through this new solution. It aims to provide businesses with flexibility and ensure that the process is secure, fast, and easy for users.
Gil Akos, the CEO of Astra, stated that the partnership between Astra and Fortress is a significant move towards achieving their goal of streamlining and expediting payments for the wider fintech community. We are thrilled to partner with a cutting-edge blockchain regulatory infrastructure provider and anticipate providing our mutual clients with an exceptional payment experience.
Clients can integrate Web3 and immediate transfer settlement into their existing infrastructure without the need for capital investments, pre-funding credit facilities, or complex technical integrations through this partnership. Their business can achieve enhanced transactional control, unmatched security, and scalability through this.
“Through collaboration with Gil and the Astra team, we aim to further enhance a payment platform that has the potential to transform the industry,” said Scott Purcell, CEO and Founder of Fortress. Our partnership will merge the strengths of both domains to offer customers a smooth and safe payment system that meets the demands of the digital economy and the Web3 platforms that are influencing its development.
This collaboration is a noteworthy achievement in the payments sector as it meets the changing demands of customers for both fiat and Web3 applications.
