It seems like not many people read anything team posted on the website if it’s a long article … Hence not many understand the connection between #VELO and LIGHTNET
So I post here a shorter summary of HOW and WHAT @veloprotocol and @lightnetgroup are working together
VELO Labs’ mission is to revolutionize financial services.
Areas @veloprotocol is improving
🔷 International payments
🔷 Tokenized real estate
🔷 To create a new, more efficient cryptocurrency exchange
🔷 Revolutionizing and improving financial services.
Velo solutions, leveraging blockchain technology, will significantly improve international payments, delivering faster, cheaper and more secure payments to millions worldwide.
$VELO is teaming up with multiple partners to collectively build an ecosystem to revolutionize payments and financial services.
One of these partners is #LIGHTNET, a licensed money transfer company based in Southeast Asia.
LIGHTNET has created an interoperable corresponding network providing one comprehensive solution for connectivity.
Its universal hub works with any type of partner, interacts with them through a single API, and removes the need for bilateral agreements.
This cuts down the transaction costs, while providing instant settlement for partners and payment correspondents
The Lightnet network of Trusted Financial Services partners provides the most interoperable, efficient, and cost-effective payments capability available today using fiat settlement options.
🔷 $VELO and its crucial role in Lightnet Network 🔷
By partnering with #VELO, who has all the building blocks to make end-to-end remittance on the blockchain a reality,
LIGHTNET will offer an unparalleled advantage over the competition, by efficiently handling not only fiat transactions, but also digital asset or non-fiat volumes.
The Lightnet network of Trusted Financial Services partners will act as pay-in/ pay-out anchors on the VELO Network and will automatically gain access to 🔷 VELO’s core functionality, including 🔷
🔸 Digital Fiat Issuance through the Velo protocol;
🔸 Digital Fiat Treasury using the Velo Digital Reserve System and Digital Liquidity;
🔸 Digital FX Trading Platform using Velo’s Federated Credit Exchange (FCX).
https://t.co/oNYTitumWm