DeFi Asset Allocator Spark.Fi Join Forces with AEON Pay To Power SPK with Real-World Utilities

AEON, a cryptocurrency payment network, today entered into a strategic collaboration with Spark.Fi, a DeFi platform. By partnering with AEON, Spark.Fi seeks to bring its crypto native token, SPK, to a broader audience.

AEON is an innovative AI-powered crypto payment framework designed to run smart, automated payments across Web3 and streamline how cryptocurrency functions in real life. On the other hand, Spark.Fi is a decentralized trading protocol that deploys user funds to DeFi, CeFi, and RWA to operate a capital-yielding decentralized finance network.

Spark.Fi Leveraging AEON Pay to Advance SPK’s Usability

Based on this collaboration, Spark.Fi integrated its native asset, SPK, into AEON’s Web3 mobile payment solution, AEON Pay. Through this partnership, Spark.Fi aims to provide its international user base access to a wide, new global merchant network powered by AEON Pay. This AEON’s Web3 mobile payment infrastructure empowers global merchants to accept crypto payments securely and efficiently, meeting the needs of millions of consumers.

By leveraging this alliance, Spark.Fi wants to encourage people to use SPK for daily purchases of products/services both across online and regional physical stores. This strategy is part of Spark.Fi’s efforts to bring new real-world usage to the cryptocurrency.

With AEON Pay, digital assets users can now efficiently access SPK and use it to transact various real-world buying activities from various physical retail outlets worldwide. This integration already accepts traditional payments at more than 20 million retail outlets across Southeast Asia. With recent rollouts in Nigeria and Mexico, the initiative continues in developing markets like Africa and Latin America.

AEON Pay is accessible through its Telegram mini app and incorporated in major exchanges and wallets, including ByBit, KuCoin, OKX Wallet, Solana Pay, Bitget Wallet, and TokenPocket. Using this collaboration, Spark.Fi aims to broaden the real-world payment capabilities of SPK. By incorporating the asset into AEON’s merchant network, people who hold SPK can now use their coins beyond DeFi ecosystems by shifting investment application into day-to-day purchasing capability. This builds a connection between DeFi financial productivity and off-chain purchasing activity, allowing the SPK cryptocurrency to function both as an instrument of on-chain investment and a means of daily payment.

Spark.Fi and AEON: Advancing Crypto Adoption

By working together, Spark.Fi and AEON are expediting mainstream adoption of crypto assets by combining their strengths of DeFi capital efficiency and Web3 payments, enabling people to efficiently move between decentralized profit generation and real-world expenditure.

The alliance between Spark.Fi and AEON indicate the two firms’ dedication to making crypto an accessible, day-to-day payment option. By powering a low-fee and simplified payment process, Spark.Fi encourages its token holders to buy real-world products using their crypto balances. For merchants, AEON uses this collaboration to offer access to a quickly growing community of crypto-enabled consumers and accept cryptocurrency to be part of their payment methods.

With AEON’s compliant solution and fiat-enabled transactions, merchants are protected from inherent crypto fluctuations and benefit from payments settled directly in their local currency. Using this joint initiative, Spark.Fi and AEON want to normalize virtual currency payments for real-world retail experiences, making the acceptability of cryptocurrency simpler, stronger, and faster.