Vanar Chain, the Layer-1 (L1) Blockchain, has announced a new strategic partnership with WorldPay, a company for payment technology company, as reported to Finbold on Friday 28 February.
The partnership is intended to stimulate innovation in Web3 payment solutions and, according to Vanar Chain CEO Jawad Ashraf, “Bring blockchain technology to the forefront of global payments.”
In addition, BCW Group will offer the two parties technical services for transaction alertation as a partner for Web3, Artificial Intelligence (AI) and cloud infrastructure.
Innovative Web3 payments
From now on, WorldPay processes more than $ 2.3 trillion (~ 50 billion transactions) in 146 countries worldwide every year and devotes a significant part of his resources to the integration of blockchain technology with regular financial systems.
WorldPay, an important player in the web3 ecosystem, also works with a number of leading cryptocurrency exchanges and blockchain platforms, processes a significant part of the card-to-crypto-transactions and offers essential Fiat infrastructure around the world.
Thanks to the strong position in the Crypto industry, WorldPay has the potential to bridge the gap between traditional financial services and emerging blockchain technologies.
Ahmed Zifzaf, head of Crypto Partners at WorldPay, commented on the Vanar Partnership, which says:
“Our collaboration with Vanar enables us to expand our footprint in the crypto ecosystem and to lead the next wave of innovation in payments. Together we are pleased to explore new payment solutions that can determine a new standard for speed, security and transparency in the global digital economy. “
Mainstream Web3 Payment Acceptance
As part of the partnership, Vanar Chain and WorldPay will explore and work on new Web3 -Financial products that are designed to improve transaction speed, security and transparency.
Vanar’s powerful blockchain network, in combination with the robust payment infrastructure of WorldPay, is expected to clear the way for not only innovative but also accessible payment services.
Ultimately, the aim is to offer companies and individual consumers more opportunities worldwide in the field of Web3 payment gateways and Stablecoin solutions that meet the needs of the modern financial market.