Velo Labs has made remarkable progress in the field of blockchain payments in recent years, especially in the Asian market. As a company focused on cross-border payments and blockchain technology, Velo has gradually established its leadership in the PayFi (payment finance) sector through collaborations with Visa, receiving strategic investment from UOB (United Overseas Bank), and positioning itself against XRP in the market.
Collaboration with Visa: Integration of technology and payment ecosystem
As early as 2020, Velo reached a partnership with Visa, aiming to provide efficient payment solutions for small and medium-sized enterprises in the Asian region. Through this collaboration, Velo, along with the Lightnet Group and Visa, utilized blockchain technology to achieve near-real-time cross-border payments. This not only reduced transaction costs but also provided more convenient services for enterprises and individuals not covered by traditional financial systems. Velo's Orbit platform, as the technological core, ensures a seamless connection between Web2 and Web3, providing users with real-world applications for digital assets.
Receiving investment from UOB: a dual endorsement of capital and trust
As a well-known bank in Asia, UOB's investment further consolidates its position in the field of blockchain finance. UOB's support is not only a financial injection but also a high recognition of Velo's technology and vision. In markets like Southeast Asia where there is strong demand for cross-border payments, Velo provides users with fast and economical payment solutions through blockchain technology, which has also been favored by UOB.
Positioning against XRP: a unique stance in the Asian market
Although XRP performs strongly in the European and American markets, Velo has gradually become a regional leader in the PayFi sector by focusing on the localized needs of the Asian market. Centered on loyalty point tokenization and the stablecoin USDV, Velo has built a flexible and efficient payment ecosystem that offers users and merchants a more diverse range of financial service options.
Through technological innovation and market insights, Velo has not only emerged in the Asian market but also provided important references for the global PayFi sector. In the future, Velo is expected to continue leading the trend of blockchain payments, bringing convenience and value to more users.
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