The Layer-1 blockchain, Vanar Chain, has recently disclosed a strategic alliance with Worldpay, a leading company specializing in payment technology, as revealed to Finbold on Friday, February 28. This collaboration aims to revolutionize Web3 payment solutions and according to Vanar Chain’s CEO, Jawad Ashraf, it is a crucial step towards integrating blockchain technology into global payments more prominently. Furthermore, BCW Group will be offering its expertise in technical services for transaction validation, acting as a partner for Web3, artificial intelligence (AI), and cloud infrastructure.
Revolutionizing Web3 Payments
Worldpay currently handles over $2.3 trillion (approximately 50 billion transactions) annually in 146 countries worldwide. It devotes a substantial part of its resources to fuse blockchain technology with mainstream financial systems. As an influential player in the Web3 ecosystem, Worldpay has collaborations with several top-notch cryptocurrency exchanges and blockchain platforms. It processes a considerable segment of card-to-crypto transactions and provides vital fiat infrastructure globally. Leveraging its influential position in the crypto industry, Worldpay can potentially bridge the gap between traditional financial services and emerging blockchain technologies.
Ahmed Zifzaf, Head of Crypto Partners at Worldpay, made a statement regarding their collaboration with Vanar:
“We are thrilled to collaborate with Vanar as it enables us to expand our reach in the crypto ecosystem, leading the next wave of revolutionary innovations in payments. This partnership opens up the possibility of developing a new standard in payment solutions that offer increased speed, enhanced security, and complete transparency in the worldwide digital economy.”
Web3 Payment Adoption in the Mainstream
Under this partnership, Vanar Chain and Worldpay aim to innovate new Web3 financial products that are designed to improve transaction speed, security, and transparency. The high-performance blockchain network of Vanar, combined with the robust payment infrastructure of Worldpay, paves the way for not only innovative but also accessible payment services. The ultimate objective is to offer businesses and individual consumers around the world more opportunities in Web3 payment gateways and stablecoin solutions that cater to the needs of the contemporary financial market.
FAQs
What is the goal of the partnership between Vanar Chain and Worldpay?
The partnership aims to innovate new Web3 financial products that improve transaction speed, security, and transparency. They aspire to bridge the gap between traditional financial services and emerging blockchain technologies.
What is Worldpay’s role in the crypto industry?
Worldpay is an influential player in the Web3 ecosystem. It works with several leading cryptocurrency exchanges and blockchain platforms, processing a significant portion of card-to-crypto transactions and providing essential fiat infrastructure globally.
What services will BCW Group provide in this collaboration?
BCW Group will offer its expertise in technical services for transaction validation, acting as a partner for Web3, AI, and cloud infrastructure.
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