TL;DR
- Velo has transitioned from a decentralized financial payment network to integrating traditional finance with blockchain, achieving a Total Value Locked (TVL) of $19.22 million as of October 2024.
- Collaborations with industry leaders like Visa and Securitize highlight Velo's commitment to enhancing cross-border payments and tokenization of Real-World Assets (RWAs).

Velo has made significant strides since its inception in 2018, evolving from a decentralized financial payment network to a platform that integrates traditional finance with blockchain solutions. By leveraging Stellar and Nova's infrastructure, Velo addresses high transaction costs and slow processing times, facilitating seamless cross-border transactions while enhancing user experience.

The technology behind Velo connects traditional finance with Web3 applications, utilizing Stellar for fast transactions and Nova for EVM-compatible smart contracts. The Warp bridge enables token transfers between different blockchains, simplifying the process for users. Additionally, the integration of the Omni Point loyalty program within the Orbit platform enhances user engagement, allowing for the earning and redeeming of rewards.

Velo's native token, $VELO, serves multiple purposes within the ecosystem, including acting as collateral for digital credits and covering transaction fees. Recent developments, such as collaborations with the Laos government for gold tokenization and partnerships with the Solana Foundation, underscore Velo's expanding influence in both digital and traditional finance sectors. The article emphasizes Velo's ongoing efforts to enhance cross-border payment efficiency and accessibility through innovative products and strategic alliances.

---

Follow for the latest news! 🚀

#TetherUnderInvestigation #USJoblessClaimsDip #BTC67KRebound #BTCETFDemandSurge #CryptoPreUSElection