Sam Bankman-fried Suggests SonarWatch Should Add FTX Pay

The FTX founder teased a potential collaboration between FTX Pay and Sonar.watch.

By
John Tunney
on
June 22, 2021
Category:
Breaking News

FTX to Sonarwatch?

SonarWatch could be adding FTX Pay to their blooming platform. On June 20th, the FTX and Alameda Research founder and CEO Sam Bankman-Fried (also known as SBF) responded to a Tweet put out by the popular Solana project, SonarWatch. The SonarWatch protocol allows users on the Solana blockchain to track all their assets simultaneously through their platform. They also recently made a foray into other ventures with the release of a Non-Fungible Token (NFT) minting tool. Bankman-Fried addressed the “pretty cool” use-case that SonarWatch is offering to Decentralized Finance (DeFi) and hinted that FTX Pay would be interested in a potential partnership. 


Why FTX Pay Would Benefit SonarWatch

SonarWatch is a huge up-and-coming project on the Solana network. With SBF backing the project, it shows the tremendous potential the platform may carry. If FTX Pay can be added to the SonarWatch protocol, it could be a total game changer for the platform. Users would be able to have access to their entire wallet with just a public key as well as having the option to fund their wallet through that same interface. The value add for users and investors would be substantial and arguably unmatched on the blockchain. SonarWatch has already proven their interest in expanding their scope of products. Collaborations with tools like FTX Pay will increase exposure and accessibility - both of which serve to boost the platform.


What is SonarWatch?

SonarWatch is a performance tracking platform built on the Solana network. Users can track their assets by providing their wallet key and connecting any of the supported wallets (Sollet, Phantom, etc), one can monitor charts of all assets on your dashboard. The protocol ensures user safety by requiring a private key, maintaining decentralization. 

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.