March 28, 2024

The Stellar blockchain will create a payment card between Thailand and Europe

Currently, cross-border money transfers are one of the best options for using cryptocurrency, whichwill direct them to the mainstream of the financiers.

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Understanding this, Velo Labs and financialTempo Powers and Bitazza have entered into a partnership agreement to create a money transfer corridor between Europe (27 countries) and Thailand in the amount of $17 billion.

Kopидop будeт coздaн нa блoкчeйнe Stellar и будeт Use Velo tokens and Velo digital credits for online transactions. It is calculated to serve about 600 million customers in the countries of South-Eastern Asia and Europe.

According to the statement, all three companies are striving to provide a fast and cheap option of money transfer on the basis of new technologies.

Between those, in the last month of the Bank of Thailandissued a warning against the purchase of cryptocurrencies, referring to risks and related clerical activities, such as money laundering, theft and volatility.

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