Uniting Venom and United Network to Reveal Blockchain-Powered Payment System

17 views 12:42 pm 0 Comments May 14, 2024

Venom Blockchain and United Network have merged their expertise to introduce an innovative blockchain-powered payment infrastructure, marking a significant development with broad implications for the future of global payments. This groundbreaking partnership aims to harness the efficiency and security of blockchain technology to transform the use of Central Bank Digital Currencies (CBDCs) and stablecoins. By combining United Network’s robust payment infrastructure with blockchain smart contracts, this collaboration aims to establish a payment system capable of enabling real-time card transactions, supported by Venom Blockchain’s impressive capacity of over 100,000 transactions per second (TPS).

Redefining Speed: The core of Venom Blockchain enables swift card transactions, blurring the lines between traditional payment methods and the realm of cryptocurrencies.

Scalability and Beyond: With dynamic sharding, the system can scale alongside increased adoption, ensuring its relevance and efficacy in the evolving payments landscape.

Top-tier Security: United Network’s array of security measures, such as payment cards, multi-factor authentication, and digital wallets, coupled with Venom’s adherence to government-level security standards, ensures a robust shield for transactions.

Harnessing Smart Contracts: Venom’s integration of account abstraction allows for smart contract deployment, paving the way for automated and efficient payment processes.

CEO Christopher Louis Tsu of Venom Foundation has expressed excitement about the transformative potential of the collaboration between Venom Blockchain and United Network. He emphasized the fusion of Venom’s blockchain capabilities with United Network’s infrastructure as a pivotal advancement, unlocking possibilities for seamless CBDC and stablecoin transactions. This integration marks a significant step towards driving widespread adoption of digital assets in the global payments arena.

Through this collaboration, Venom Blockchain and United Network are set to redefine the global payments landscape, ushering in an era of efficiency, security, and accessibility. By merging advanced technology with robust infrastructure, the partnership lays the foundation for a paradigm shift in transaction mechanisms, paving the way for a more interconnected and digitized financial ecosystem.