Near price continued falling on Monday even after inking a major partnership with Cosmose AI, a fast-growing company valued at over $500 million. The Near coin has dropped in the past six straight days and is hovering near the highest level in March this year.
Near Protocol partners with Cosmose AI
The biggest cryptocurrency news on Monday was that Cosmose AI had decided to embrace Near’s technology. In a statement, the Singapore-based company, announced that it will use Near Protocol’s technology to power its technology.
The statement added that Near Foundation had made a strategic investment in the company. It took part in a funding round that valued the company at about $500 million, making it one of the best-performing Singapore-based fintech companies.
Cosmose AI is a company that runs the KaiKai application, which makes it possible for customers to discover nearby products. Users can then use the application to pay for the product. Before its partnership with Near, KaiKai has been using Stripe, the popular payment technology company.
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