Post by account_disabled on Dec 20, 2023 8:39:24 GMT
Velo Labs and iRemit join forces to unlock the $34 billion cross-border payments market in the Philippines. Blockchain infrastructure company Velo Labs and iRemit are leading the way. The largest Filipino-owned non-financial money transfer service provider. They have joined forces to provide individuals and companies with better access to cross-border payments. Using blockchain technology and Velo Digital Credit, the Philippines annually sends approximately US$34 billion back home. But these funds are charged high fees. Delayed processing and requires a complex network of intermediaries All of this destroys economic value and harms people who rely on cross-border payments. Velo Labs and Iremit are providing the technology and payment networks to ensure that Money can be sent and sent across borders less expensively, faster and more securely than in the current financial system.
Integration into the Velo network This allows Iremit Job Function Email Database to work directly with trusted partners. In order to carry out various transactions almost instantly There is no need to use an intermediary agency. Efficient integration of Velo Labs' blockchain-based payments infrastructure with Iremit's national payments network It will help Iremit users. Whether it is Filipinos abroad Migrant workers Local companies and individuals Benefit from your hard-earned money to the fullest extent. “Our partnership with Iremit reflects the core mission of Velo Labs. That is, creating a global, interoperable and decentralized payments network. to provide fast, reliable and secure payments,” said Mike Kennedy, CEO of Velo Labs. “As we grow our global payments network, We are excited to partner with institutions like Iremit that share our vision of supporting those who rely heavily on cross-border payments.” The Velo Labs payments network is powered by Velo Labs.
Velo Protocol This financial protocol is the process for issuing digital credit. It is pegged to local fiat currency to carry the value between fiduciary parties. All digital credits are backed by Velo Labs' utility token, Velo Token, which provides a 1:1 value ratio between digital credits and their pegged fiat currency. This gives Velo Labs an opportunity to transfer value efficiently using digital credits. Avoid the risk of volatility that is common with other digital asset protocols. About iRemit iRemit is the largest Filipino-owned non-financial money transfer service provider. Serving the cross-border payment needs of Filipinos abroad for more than two decades, customers are at the heart of Iremit's mission. And Iremit continues to develop best practices in business and technology. To ensure that iRemit provides safe, reliable and low-cost money transfer services to enable those who rely on them to thrive and grow local economies.
Integration into the Velo network This allows Iremit Job Function Email Database to work directly with trusted partners. In order to carry out various transactions almost instantly There is no need to use an intermediary agency. Efficient integration of Velo Labs' blockchain-based payments infrastructure with Iremit's national payments network It will help Iremit users. Whether it is Filipinos abroad Migrant workers Local companies and individuals Benefit from your hard-earned money to the fullest extent. “Our partnership with Iremit reflects the core mission of Velo Labs. That is, creating a global, interoperable and decentralized payments network. to provide fast, reliable and secure payments,” said Mike Kennedy, CEO of Velo Labs. “As we grow our global payments network, We are excited to partner with institutions like Iremit that share our vision of supporting those who rely heavily on cross-border payments.” The Velo Labs payments network is powered by Velo Labs.
Velo Protocol This financial protocol is the process for issuing digital credit. It is pegged to local fiat currency to carry the value between fiduciary parties. All digital credits are backed by Velo Labs' utility token, Velo Token, which provides a 1:1 value ratio between digital credits and their pegged fiat currency. This gives Velo Labs an opportunity to transfer value efficiently using digital credits. Avoid the risk of volatility that is common with other digital asset protocols. About iRemit iRemit is the largest Filipino-owned non-financial money transfer service provider. Serving the cross-border payment needs of Filipinos abroad for more than two decades, customers are at the heart of Iremit's mission. And Iremit continues to develop best practices in business and technology. To ensure that iRemit provides safe, reliable and low-cost money transfer services to enable those who rely on them to thrive and grow local economies.
