Kyber Network is an ambitious project aiming to offer decentralized token exchange capabilities to users on the Ethereum protocol in addition to payment APIs that will allow merchants to process payments in any tokens.
If you're wondering whether kyber network is a good project to invest in, please watch the video till the end, as we have the list of awesome kyber partnership, that will give you a clear picture as whether you should or not invest in kyber network.
#1: ICON (ICX)
• ICON is one the largest blockchain networks in the world aiming to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries.
So, Kyber Network will connect its token conversion services to ICON’s inter-blockchain network and is intended to bring Kyber Network one step closer to supporting cross-chain transactions, by delivering utility for different decentralized applications across chains.
“The token exchange system is a key component of the inter-blockchain ecosystem…Our partnership with Kyber Network brings us one step closer to inter-chain token exchange.” — J.H. Kim (ICON Foundation Council Member).
#2: Ripio Credit Network (RCN)
• Ripio Credit Network is a global credit network protocol based on cosigned smart contracts. It has 170K users and is trying to expand from Latin America to the global P2P lending market.
So Kyber Network will provide the conversion services (as an on-ramp and off-ramp partners) necessary for credit exchanges and wallet providers to integrate the RCN protocol. Once RCN network is fully deployed in Q2 2018, both parties will pilot test.
