DUBAI, UAE, April 24,
2024 /PRNewswire/ -- Venom Blockchain and United
Network have joined their strengths to create a revolutionary
blockchain-powered payment infrastructure in a groundbreaking move
that could redefine the future of global payments. This unique
partnership aims to harness the speed and security of blockchain to
transform the use of Central Bank Digital Currencies (CBDCs) and
stablecoins. By integrating United Network's robust payment
infrastructure with blockchain smart contracts, this collaboration
promises a payment system that can handle real-time card payments,
thanks to Venom Blockchain's impressive capacity of over 100,000
transactions per second (TPS). Key takeaways from this pioneering
partnership:
- Speed Redefined: The Venom Blockchain backbone
unlocks the potential for lightning-fast card transactions,
blurring the lines between traditional payment methods and the
world of cryptocurrencies.
- Scalability for the Future: Dynamic
sharding empowers the system to expand alongside growing
adoption, making it future-proof.
- Uncompromising Security: United Network's payment
cards, multi-factor authentication, and digital wallets, coupled
with Venom's focus on government-level security, create a fortress
for transactions.
- The Power of Smart Contracts: Venom's account
abstraction allows the deployment of smart contracts, ushering in
automation and streamlining payment processes.
Christopher Louis Tsu, CEO of
Venom Foundation: "Venom Blockchain and United Network are
transforming payments. Integrating our blockchain's capabilities
with United Network's infrastructure unlocks the power of smart
contracts. It sets the stage for seamless CBDC and
stablecoin transactions, a major step towards mass
adoption."
About Venom Blockchain
Venom Blockchain is a
high-throughput Layer 0 blockchain platform known for its
asynchronous dynamic sharding and Threaded Virtual Machine (TVM) -
ensuring scalability, seamless cross-chain interactions, and
developer-friendliness for Web3 applications and government
solutions. https://venom.foundation
About United Network
United Network brings expertise
in ready-to-deploy payment infrastructure. Their solutions
encompass proprietary bank cards, a digital wallet, POS and ATM
support, and robust security systems, making them a leader in
building national and global payment ecosystems for fiat-backed
stablecoins and CBDCs. https://unitednetwork.ae
Photo:
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Contact for Venom foundation:media@venom.network
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SOURCE Venom Foundation