Gold

Velo

<ul>
  
 <li>Velo Protocol and Lightnet Group are enhancing cross-border remittances in Asia through blockchain integration with Solana.</li>   
 <li>Velo Protocol's partnership with Laos Gold introduces digital tokens backed by physical gold, blending traditional and digital assets.</li>   
 <li>Velo Protocol supports Thailand’s digital currency initiative with blockchain technology, aiming for improved financial efficiency and transparency.</li> 
</ul>   
<p>Lightnet Group, a prominent financial startup, has partnered with Velo Protocol to enhance its remittance services across Asia.&nbsp;</p>   
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<p>Lightnet's primary focus is remittance, and by incorporating Velo's blockchain technology, it can streamline and strengthen its cross-border payment network. This collaboration makes transactions not only quicker, but also more economical and safe.</p>   
<h2 class="wp-block-heading" id="h-strategic-partnerships-elevate-velo-protocol"><strong>Strategic Partnerships Elevate Velo Protocol</strong></h2>   
<p>The integration of <a href="https://www.velo.org/" target="_blank" rel="noreferrer noopener nofollow">Velo Protocol</a> with Solana, a blockchain platform known for its rapid speed and low cost, expands Velo's capacity. Solana's efficient and scalable <a href="https://cryptonewsland.com/ethena-labs-expands-usde-to-solana-introducing-sol-backing/" target="_blank" rel="noreferrer noopener">blockchain architecture</a> enhances Velo's network, guaranteeing that transactions are quick and cost-effective. This partnership is critical to Velo's continued commitment to providing seamless financial services.</p>   
<h2 class="wp-block-heading" id="h-innovative-partnerships-and-initiatives"><strong>Innovative Partnerships and Initiatives</strong></h2>   
<p>Velo Protocol has also collaborated with Laos Gold to develop digital tokens backed by physical gold deposits. The partnership combines the <a href="https://cryptonewsland.com/bitfinex-launches-ausdt-first-gold-backed-stablecoin-offering-enhanced-stability-and-reliable-digital-transactions/" target="_blank" rel="noreferrer noopener">stability of gold</a> with the flexibility of cryptocurrency, allowing investors to participate in digital assets with tangible real-world value. This combination of traditional and digital assets creates an unique investment opportunity.</p>   
<p>Moreover, Velo Protocol plays a pivotal role in Thailand's government digital currency initiative. As Thailand explores modernization of its <a href="https://cryptonewsland.com/thailand-unlocks-crypto-gateway-with-pioneering-bitcoin-etf-launch/" target="_blank" rel="noreferrer noopener">financial system</a>, Velo offers a blockchain-based solution for digital currency transactions. This initiative has the potential to redefine how the Thai government handles currency, promoting greater efficiency and transparency in financial operations.</p>   
<h2 class="wp-block-heading" id="h-the-backbone-of-velo-protocol-orbit"><strong>The Backbone of Velo Protocol: Orbit</strong></h2>   
<p>Integral to Velo Protocol's success is <a href="https://www.orbitnetwork.com/blockchain" target="_blank" rel="noreferrer noopener nofollow">Orbit</a>, the blockchain engine that supports token issuance and transaction processing. Orbit ensures the seamless execution of Velo's integrations, maintaining a secure and efficient infrastructure for cross-border payments. This robust backbone is crucial for managing the complex network of partnerships and technologies that Velo employs.</p>   
<p>The partnership of Velo Protocol, Lightnet Group, Solana, Laos Gold, and Thailand’s digital currency initiative marks a revolutionary step in the world of finance. By bridging blockchain technology with traditional financial systems and assets like gold, Velo is crafting a versatile and powerful platform set to revolutionize Asia's financial space.</p> 
<p>The post <a href="https://cryptonewsland.com/velo-protocols-strategic-partnerships-set-to/">Velo Protocol’s Strategic Partnerships Set to Transform Cross-Border Payments and Financial Systems Across Asia</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Velo Protocol’s Strategic Partnerships Set to Transform Cross-Border Payments and Financial Systems Across Asia

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