Recently, a new star is rising in the crypto world, known as Velo Protocol (VELO), often referred to as the 'XRP of Asia'. If you haven't heard of it yet, it's time to get acquainted. After all, XRP's recent surge has left people astonished, and VELO might be the next potential breakout asset.
Why is it compared to XRP?
The core mission of XRP is to completely revolutionize cross-border payments and remittance systems with efficient solutions, while @veloprotocol has very similar goals and paths. The difference is that VELO not only focuses on payments but also builds a diversified ecosystem.
What are the advantages of VELO?
1) Real World Assets (RWA)
VELO has already partnered with several well-known companies in Laos (such as PTLH and Securitize, related to BlackRock) to tokenize real assets like gold, launching 'PLG' digital gold. This kind of innovation not only makes the digitization of assets a reality but also promotes a national-level digital gold settlement system.
2) Practical applications for daily payments
The @Omni_Points launched by VELO is a consumer payment tool that brings blockchain technology into our daily lives. For example, in Orbit, you can hold USDV stablecoins, unaffected during consumption, while also earning yields, making it more flexible and affordable than traditional payment systems. Additionally, the Omni Point program provides enterprise-level payment solutions for merchants.
3) Multi-chain and ecosystem support
Nova Blockchain: An EVM-compatible public chain that provides strong development scalability for projects.
Universe Exchange: A decentralized exchange that combines spot and contract trading.
Warp Cross-chain Bridge: Supports multiple mainstream blockchains (such as BSC, TON, Solana, and Stellar), allowing users to easily transfer assets across chains.
VELO has already launched on Binance Thailand. Its potential extends far beyond the Southeast Asian market, aiming to expand its influence in payments, remittances, and digital assets globally.
If you missed the explosive rise of XRP, consider keeping an eye on this Southeast Asian payment star; VELO might be the next game-changing project!
In summary: VELO, the XRP of Asia, uses blockchain technology to make the connection between payments and real assets more efficient, bringing the future within reach.
