Tagomi was recently acquired by the Libra Association, and it will be formally announced shortly. The Libra Association is run by Facebook and it operates the Libra stable coin. Now Tagomi will put up $10 million USD toward crypto development efforts.
Tagomi is a platform that is able to streamline the process for large trades, and it also helps people gain access to different markets for cryptocurrencies. Additionally, Tagomi will provide technical support to the Libra Association, which will help to make the currency comply with international law, which is required ahead of the launch of Libra's crypto.
Libra Association commented on the acquisition and stated, "Tagomi is joining the Libra Foundation and Jennifer will be the newest member."
Support-Focused Crypto Acquisitions
The Facebook-Owned Libra Association Recently Acquired Tagomi
Trend Themes
1. Support-focused Crypto Acquisitions - The acquisition of Tagomi by the Libra Association demonstrates the growing trend of companies acquiring specialized platforms to enhance their crypto offerings and provide technical support.
2. Streamlining Large Trades - The platform offered by Tagomi showcases the trend of streamlining the process for large trades in the cryptocurrency market, enabling more efficient transactions.
3. Compliance with International Law - The collaboration between Tagomi and the Libra Association highlights the trend of ensuring compliance with international law in the development of cryptocurrencies, paving the way for broader adoption.
Industry Implications
1. Cryptocurrency - The acquisition of Tagomi by the Libra Association signals a disruptive innovation opportunity in the cryptocurrency industry by combining specialized platforms and technical support to enhance user experience.
2. Financial Technology - The streamlining of large trades facilitated by Tagomi presents a disruptive innovation opportunity within the financial technology industry, allowing for more efficient and seamless transactions.
3. Regulatory Compliance - The emphasis on compliance with international law in the development of Libra's crypto presents a disruptive innovation opportunity within the regulatory compliance industry, addressing the need for legal frameworks in the cryptocurrency space.