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1. Is it considered a significant positive development?

Analysis points:

Market pain point resolution:

The cross-border payment sector has long faced issues of high fees (traditional bank remittance rates reach 5%-10%), slow speeds (3-5 days), and reliance on traditional financial institutions.

VirgoPay's solution: By utilizing stablecoins and blockchain technology, it reduces fees by 70% and shortens transaction times to a few minutes, directly addressing industry pain points with clear market demand.

Complementary resources of both parties:

Vaulta's technical advantages: Provides high-performance blockchain infrastructure (instant transaction finality, low fees), which is the core infrastructure for Web3 banking.

Virgo's compliance and user base: As a regulated platform in Canada, it has processed over 2.5 billion CAD in transactions, equipped with payment channel resources and compliance experience.

Synergistic effects: Vaulta's technology + Virgo's implementation capabilities may rapidly open up the market.

Potential market size:

The global cross-border remittance market targeted by the collaboration is expected to exceed 1 trillion USD by 2029. Capturing just 1% of this market could generate tens of billions in capital flow.

Strategic significance:

For Vaulta: This is its first significant application case in transitioning from a public chain to a Web3 bank, validating technological feasibility.

For Virgo: Expanding from exchange to payment services, enhancing user retention and revenue sources.

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