Tokamak Network Gets EU VASP License and Launches Tokamak Pay in Poland馃槏
Tokamak Network (TON), an Ethereum layer-2 protocol, announced through its official X (previously Twitter) account that it has successfully obtained a Virtual Asset Service Provider (VASP) license within the European Union (EU) and established Tokamak Pay in Poland as part of a strategic move to increase its presence within the European blockchain landscape. For Tokamak Network, this breakthrough represents a major turning point that reaffirms the company's dedication to offering safe, scalable blockchain solutions while maintaining complete regulatory compliance.
Overview of Tokamak Pay and Tokamak Network
Tokamak Network: What is it?
Tokamak Network is a well-known layer-2 scaling solution for Ethereum that aims to improve the speed, efficiency, and scalability of the network. By utilizing cutting-edge technologies like Secure and Rollups.
Tokamak Network seeks to overcome the drawbacks of Ethereum's foundation layer by utilizing cutting-edge technology like Rollups and Secure Proof of Stake (SPoS) consensus processes, allowing for quicker transaction processing and lower gas costs without sacrificing security or decentralization.
An outline of Tokamak Pay
Tokamak Pay is a cutting-edge payment system developed by Tokamak Network to enable smooth and effective transactions inside the blockchain ecosystem. Users can benefit from quick and affordable payments by integrating Tokamak Pay, which makes it a perfect solution for both individual and business-level applications. Tokamak's commitment to broadening its service offerings and improving user experience across various geographies .
Details of the Launch:
Date of Launch: October 29, 2024
Where: Warsaw, Poland
Services Provided: Support for numerous fiat currencies and cryptocurrencies, interaction with regional financial institutions, and smooth blockchain-based payment solutions.
To sum up
This strategic action expands Tokamak's market share and establishes Tokamak Pay in Poland.
