New Cross-Border Payment Solution: PROVE's Low-Cost Proof Practice

Cross-border payments have long faced pain points such as high fees, low efficiency, and centralization risks. The $PROVE token from SuccinctLabs provides innovative solutions for this field through Zero-Knowledge Proof (ZKP) technology and a decentralized verification network. Its core practices are reflected in the following three aspects:

1. Low-Cost Verification and Efficient Settlement

PROVE's SP1 zkVM can convert the compliance verification of cross-border transactions into ZK proofs, with verification costs as low as a few cents and processing times in seconds. For example, by generating compliance proofs off-chain and submitting them to smart contracts for verification, it can avoid the high fees (typically 3%-5%) and delays of traditional bank wire transfers via the SWIFT network.

2. Decentralized Payment Routing Optimization

PROVE's prover network dynamically selects the optimal payment path through a reverse auction mechanism. Payment requesters (such as cross-border e-commerce platforms) can submit transaction requirements, and global provers compete to provide the lowest-cost verification services, ultimately settled automatically by smart contracts, reducing intermediary costs by over 30%.

In the future, with the integration of PROVE with payment platforms like Stripe, its 'off-chain verification + on-chain settlement' model may become the new standard for cross-border payments, promoting the evolution of global capital flows towards efficiency, transparency, and low costs.@Succinct #SuccinctLabs $PROVE