Powering Next-Gen Payment Systems: Venom Blockchain Joins Forces with United Network

14 views 12:59 pm 0 Comments May 14, 2024

DUBAI, UAE, April 24, 2024 /PRNewswire/ – Venom Blockchain and United Network have united to establish an innovative blockchain-driven payment infrastructure, marking a significant development with the potential to redefine the landscape of global payments. This collaboration aims to leverage blockchain’s speed and security features to revolutionize the utilization of Central Bank Digital Currencies (CBDCs) and stablecoins. By integrating United Network’s robust payment framework with blockchain smart contracts, this partnership envisions a payment system capable of facilitating real-time card payments, supported by Venom Blockchain’s impressive capacity exceeding 100,000 transactions per second (TPS).

Key Highlights of this collaboration:

  • Redefined Velocity: The foundation of Venom Blockchain enables lightning-fast card transactions, blurring the boundaries between conventional payment mechanisms and the realm of cryptocurrencies.
  • Future-Ready Scalability: Through dynamic sharding, the system is equipped to scale alongside increasing adoption, ensuring its relevance in the future landscape.
  • Unwavering Security: United Network’s array of payment cards, multi-factor authentication protocols, and digital wallets, combined with Venom’s emphasis on high-level security, establish a secure environment for transactions.
  • Empowering Smart Contracts: Venom’s account abstraction feature facilitates the implementation of smart contracts, introducing automation and enhancing the efficiency of payment processes.

Christopher Louis Tsu, CEO of Venom Foundation, expressed, “Venom Blockchain and United Network are reshaping the payments landscape. The integration of our blockchain’s capabilities with United Network’s infrastructure unleashes the potential of smart contracts, paving the way for seamless CBDC and stablecoin transactions, a significant stride towards widespread adoption.”

About Venom Blockchain: Venom Blockchain stands out as a high-throughput Layer 0 blockchain platform renowned for its asynchronous dynamic sharding and Threaded Virtual Machine (TVM), ensuring scalability, seamless cross-chain interactions, and developer-friendly attributes for Web3 applications and government solutions. Visit Venom Blockchain for more information.

About United Network: United Network brings expertise in deployable payment infrastructure, encompassing proprietary bank cards, a digital wallet, POS and ATM support, and robust security systems, positioning them as frontrunners in constructing national and global payment ecosystems for fiat-backed stablecoins and CBDCs. Explore more at United Network.

Photo: Venom Foundation

Contact for Venom foundation: [email protected]

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SOURCE: Venom Foundation