Saturday, January 23, 2021

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Velo Labs: Announced a collaboration with Lightnet Group and Visa

  • Velo Labs’ mission to build a Federated Credit Exchange Network, powered by the Velo Protocol
  • Lightnet Pte. Ltd. a Singapore-headquartered fintech company with the purpose of empowering underbanked populations
  • Velo Labs, Lightnet Group, and Visa to collaborate on payment solutions in Asia
  • VELO tokens to serve as the digital asset collateralizing financial solutions
  • The International Finance Corporation estimates that, globally, USD 5.2 trillion in MSME lending goes unserved annually
  • Velo Labs, Lightnet Group and Visa’s partnership extends the reach of all three firms by allowing near real-time global transactions between participating banks

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