Big news! Velo: The Asian version of XRP, subverting financial infrastructure and opening a new era of payment!
Velo and XRP have a similar mission, which is to revolutionize financial infrastructure through blockchain technology and enable seamless cross-border transactions. Velo is committed to providing faster, more cost-effective solutions, optimizing existing remittance and payment systems, injecting new impetus into the global financial ecosystem, and helping traditional finance move towards a digital future.
Velo's brief introduction:
Velo is a blockchain project focused on simplifying cross-border transactions, tokenizing real-world assets (RWA), and enhancing consumer experience through payment and loyalty solutions.
The platform addresses interoperability issues between traditional finance and blockchain through its decentralized finance (DeFi) tools, specifically the high costs and complexity in payment systems.
Development History: 2018: At the beginning of its establishment, Velo was committed to building a secure digital reserve system (DRS) and digital credit issuance mechanism to help improve cross-border settlement issues. 2023: Strategic transformation to a decentralized Web3 payment network (VeloDAO) and the introduction of an identity framework. 2024: Focus shifted to RWA tokenization and the launch of the consumer payment super app Orbit.
Why Choose Velo
Velo and Visa: Strategic Cooperation and Financial Support
As early as 2020, Velo reached a strategic cooperation with Visa, a global payment giant, and proactively locked in the huge potential of the cross-border payment market. This cooperation not only improved payment processing capabilities, but also brought Velo strong endorsement in the traditional financial field and market expansion opportunities. With the help of Visa's payment network, Velo is able to seamlessly integrate blockchain technology into the global payment system. At the same time, Visa also provides users with more efficient, transparent and secure payment services through blockchain technology. This strategic integration not only promotes technological innovation, but also creates a win-win future for the market.
Velo receives investment from UOB, a well-known Asian bank
In September 2024, Velo Labs received its second strategic investment from the risk management department of UOB (United Overseas Bank), a well-known Asian bank, which injected strong impetus for its deep penetration into the Southeast Asian market.
This is not only financial support, but also a high recognition of Velo's technology and business model. UOB's cooperation provides two core guarantees for Velo's landing in the Southeast Asian market: one is the further strengthening of regulatory compliance, and the other is to accelerate business expansion through UOB's mature market channel network.
Velo Core Ecosystem Highlights
The Velo ecosystem has built a powerful set of components that connect the real and digital worlds and provide innovative financial solutions for users and developers:
1) Universe: A hybrid decentralized exchange that combines the efficiency of CEX with the transparency of DEX.
2) Warp: Cross-chain bridge technology that facilitates the seamless flow of assets and data.
3) Nova: An EVM-compatible blockchain platform that enables smart contracts and DApp development.
4) Quantum: A cross-border remittance network that enables efficient and low-cost cross-border payments.
5) PLG (Tokenized Gold): Tokenize gold to provide stable value reserves and investment options.
6) Orbit: A consumer payment super app that integrates blockchain technology into real-world payment scenarios.
Omni Point: The perfect combination of Web3 and payment
Omni Point: The perfect combination of Web3 and payment
Seamless switching between crypto payments and fiat currency payments
• Merchant tools improve efficiency and reduce costs
• Global expansion potential, aiming to become the leader in next-generation PayFi solutions
Boosting Laos’ digital economy
Velo signed a strategic cooperation agreement with PTL Holding to promote the digital economic revival in Laos and build an efficient and transparent economic system using blockchain technology.
Velo is currently listed on several mainstream exchanges such as OKX and Bybit. Through cooperation with companies such as Securitize, Velo is driving more funds to flow into the RWA track and connecting traditional finance with blockchain finance.
Future Outlook
The future of Velo cannot be ignored, especially in the PayFi and RWAs markets in Southeast Asia, where Velo has already established a strong position. As the project expands, we have reason to believe that it will continue to grow globally.
Pay attention to Rong!
