July 10 (Crypto-News.Net) – Keeta said it has opened Keeta Network to qualified third-party anchor providers, giving fintechs, banks and developers a path to offer services across the network.
Key Takeaways
- Keeta said qualified third-party anchor providers can apply to list services across its network.
- The company said anchors can cover bank transfers, currency exchange, stablecoin bridges and lending.
- Keeta said official products will use the Globetrot Resolver for anchor discovery going forward.
Keeta Network anchor providers can apply
Qualified providers can apply to have anchor services listed by default across Keeta Personal and the official Keeta developer platform, according to Keeta's July 9 announcement. Keeta said the access had previously been available only to services operated by Globetrot Financial Services LLC, a wholly owned subsidiary of Keeta Inc.
Keeta said anchors can handle bank deposits and withdrawals, currency exchange, stablecoin bridges, lending and other financial services. The stablecoin bridge category overlaps with tokens designed to track relatively steady value, a topic explained in Crypto-News.Net’s guide to what stablecoins are.
Keeta’s official anchor documentation says anchors allow users to move digital assets across payment networks, blockchains and traditional banks. The docs describe anchors as a way to bring assets from outside systems onto Keeta and move them back to the original system when needed, according to Keeta's anchor documentation.
Globetrot Resolver handles discovery
The company said the Globetrot Resolver serves as the discovery layer that connects users and agents with anchor providers. Keeta also said listed anchors undergo compliance review before onboarding and ongoing compliance oversight, while Globetrot facilitates discovery and does not endorse, certify or guarantee individual providers or services.
All official Keeta products, including Keeta Personal, developer tools and partner integrations, will use the Globetrot Resolver for anchor discovery going forward, Keeta said. The company said those products will no longer support third-party resolvers for anchor discovery.
Keeta said Globetrot will charge a small percentage-based fee, payable in Keeta’s KTA token, on foreign-exchange and asset-movement volume handled by anchors. The company also said participating providers will pay a monthly compliance fee and that part of Resolver fee revenue will be used to buy KTA and permanently remove those tokens from circulation.
Keeta founder and CEO Ty Schenk said in the announcement that opening the ecosystem gives developers, fintechs, banks and infrastructure providers a path to reach users with compliance oversight.
Blockchain payment infrastructure context
Keeta describes its network as a layer-1 blockchain for asset transfers. Its networks and payments page says anchors can connect fiat payment systems, traditional bank accounts, external wallets and service providers to Keeta Network, according to Keeta's networks and payments page.
Google Cloud said in a technical blog that a Keeta stress test reached 11,122,116 transactions per second and was independently verified by Chainspect. The figure was presented as a stress-test result, not as current mainnet transaction throughput, according to Google Cloud's technical post on Keeta and Spanner.
The anchor opening follows other bank-focused blockchain payment infrastructure work covered by Crypto-News.Net, including Swift blockchain ledger bank payment pilots involving tokenized deposit transactions with banks across six continents.
Sources
Keeta July 9 announcement – Supports the ecosystem opening, eligible provider categories, Globetrot Resolver policy, compliance-review language, fee model and Ty Schenk quote. URL: https://www.prnewswire.com/news-releases/keeta-opens-its-ecosystem-to-fintechs-banks-and-developers-302822174.html
Keeta anchor documentation – Supports the technical description of anchors and asset movement across payment networks, blockchains and traditional banks. URL: https://docs.keeta.com/features/anchors
Keeta networks and payments page – Supports product context for anchors, fiat payment systems, traditional bank accounts, external wallets and service providers. URL: https://keeta.com/networks-payments
Google Cloud technical blog – Supports the Keeta stress-test figure and Chainspect verification reference. URL: https://cloud.google.com/blog/topics/financial-services/how-blockchain-network-keeta-processes-11-million-transactions-per-second-with-spanner
Crypto-News.Net stablecoin explainer – Used for evergreen reader context on stablecoins. URL: https://www.crypto-news.net/what-are-stablecoins/
Crypto-News.Net Swift blockchain ledger article – Used for recent internal context on bank-focused blockchain payment infrastructure. URL: https://www.crypto-news.net/swift-blockchain-ledger-bank-payment-pilots/
Reporting by Zoran Spirkovski. Editing by Zoran Spirkovski.