In this bull market, the biggest advancement in blockchain is actually #RWA and #PayFi, with top institutions from both Web3 and Web2, including Solana, BNB Chain, and PayPal, laying out their strategies in the payment sector!
Iconic events include Stripe's acquisition of Bridge for $11.1 billion, and PayPal's stablecoin PYUSD exceeding $1 billion!
All of this indicates that this more efficient, secure, and low-cost payment model is a common demand for both Web3 and Web2 users, and blockchain is breaking traditional payment models.
With the deep integration of cryptocurrencies and traditional payment systems, PayFi will become the core driving force for large-scale blockchain adoption!
In the future, Web3 mass adoption may not be in the fields of social networking or gaming, but in the most grounded application scenario of daily payments.
The Development Journey of Velo Protocol
@veloprotocol was founded in 2018, initially focusing on facilitating secure cross-border settlements!
In December 2023, the focus will shift towards a decentralized Web3 payment network (like VeloDAO), while also introducing an identity framework as an additional feature.
In October 2024, Velo expanded into the tokenization of RWA and launched innovative products like the consumer super app Orbit and @Omni_Points, becoming an important solution in the PayFi field.
In the development process, Velo has not only made significant progress in payment networks but also collaborated with several internationally renowned institutions and platforms to expand its ecosystem comprehensively, covering multiple products such as multi-chain and cross-chain payments, further promoting the landing and development of PayFi.
Partnering with Visa, seamlessly integrating into the global payment system.
Velo established a strategic partnership with global payment giant Visa as early as 2020, effectively locking in the huge potential of the cross-border payment market.
As globalization deepens, traditional payment channels face issues of low efficiency, high costs, and data opacity, and Velo's goal is to address these pain points.
The collaboration with Visa not only improves payment processing capabilities, but also provides Velo with a strong endorsement and market expansion opportunities in the traditional financial sector.
Through collaboration, Velo can leverage Visa's payment network to seamlessly integrate blockchain technology into the global payment system, allowing Visa to provide users with more efficient, transparent, and secure payment services through blockchain technology.
This represents a true technological revolution for the entire market, as well as a win-win strategic integration!
Trust endorsement in the Asian market: investment from the well-known Asian bank UOB.
Southeast Asia is one of the fastest-growing financial markets in the world, especially in the fields of digital payments and financial services.
In September 2024, Velo Labs received a second strategic investment from UOB, greatly unlocking its potential in the Southeast Asian market.
UOB's support is not just a financial endorsement; it also provides Velo with dual guarantees of regulatory compliance and market channels for its deployment and expansion in Southeast Asia.
RWA Cooperation: Connecting Blockchain with Physical Assets
Velo has established partnerships with well-known financial giants such as Laos PTLH, Openeden, and BlackRock, showcasing its deep accumulation in the RWA field.
Through these collaborations, Velo is tokenizing traditional assets like gold and real estate using blockchain technology, enabling investors to participate in these physical asset investments more conveniently and transparently.
These collaborations have not only enhanced Velo's reputation in the global financial market but also demonstrated its practical capabilities in driving innovation in the financial market.
Especially the collaboration with BlackRock has brought great confidence to the market!
Velo is moving towards the core direction of global payment finance.
Multi-chain and Cross-chain: Velo's Technical Advantages
In the advancement of blockchain technology, Velo not only focuses on building a single chain but also actively lays out a multi-chain ecosystem.
With support from mainstream blockchain platforms like BSC, TON, and Solana, Velo can not only enhance system scalability but also ensure higher interoperability.
This is especially critical for cross-border payment systems, as different regions and industries often use different blockchains and encryption technologies.
Velo's multi-chain architecture can bridge these systems, enhancing payment efficiency and liquidity.
Velo's Future: Benchmarking against XRP, facing challenges while also seizing opportunities.
Through its multi-chain architecture and close integration with traditional financial systems, Velo is providing a new direction for addressing the pain points of conventional payment systems in cross-border payments.
Through cooperation with financial giants like Visa, UOB, and BlackRock, Velo not only demonstrates strong market execution but also opens new doors for the future of the global payment financial system.
It is not just a challenger, but also a creator of the future!
As one of the world's leading payment solutions, XRP has always been a leader in the payment industry. With technological advancements and a comprehensive strategic layout, Velo is catching up and is about to become the PayFi leader in the Asian market.
