The Velo Protocol is a value transfer instrument consisting of two components: the Digital Credit Issuance Mechanism and the Digital Reserve System. Together, these components enable Trusted Partners to harness the reach, performance, and transparency of the Velo Protocol and its underlying distributed ledger technology.
The Velo protocol enables multiple business use cases all based on its core function: issuing a collateral-secured digital credit that can be used to transfer zero value. there is a cost impediment.
Existing financial infrastructure, especially in Southeast Asia, creates a fragmented and uncompetitive remittance market, resulting in high transaction costs as remittances are routed through many middlemen. time.
Meanwhile, distributed ledger technology offers a simple solution. Volatile prices and regulatory compliance issues in cryptocurrencies discourage the adoption of real-world blockchain-based solutions.
Velo solves this problem by issuing digital credits that are reserved on the blockchain that are tailored to the needs of the business. The VELO token acts as collateral to secure payment, representing the value of digital credits and fiat deposits in the network. Velo will drive real-world use cases for VELO Tokens and digital credit by building a network of partners with both physical and digital reach. The result will be to improve the lives of millions of underbanked and underbanked people around the world by empowering businesses to serve them with the latest technology.
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We found 5 people related to velo-velo, include Chairman Chatchaval Jiaravanon
All Time High
Fully Diluted Market Cap
But our scientists are working like crazy to get it.
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