VELO is going to kill of Ripple ?

[Anonymous No.22723004]

Seems like some powerful chink family is building the next payment solution for SE Asia and soon all over the world.

How big you ask bizlet ?

Chatchaval Jiaravanon – Velo Chairman, Board member of True, owner of Fortune magazine, family member of CP Group who own all 711s in Thailand. This is how big it is and most won't even know what this means until it is too late.

Cross Border remittance – highly important in SE Asia due to proximity of countries and high number of people who travel and work abroad – many of whom are unbanked and end up paying way too many fees. Often losing up to 20% of their earnings in the process, with delays to go with it. These guys with all their money and connections can pull this off easily and actually have real merchants that use Velo and Lightnet.

Vel Labs is using their connections and network to establish compliance from day one. Lightnet will ensure that parties are compliant all the way down and you won't get the problems that XRP is facing right now. They have connections to sister companies and major conglomerates throughout SE Asia to help ensure adoption and expansion.

With Velo transaction can begin with cash in one country, end in a different fiat cash in another, and the clients won’t need to access blockchain at all. Of course if you have clients that want more, there is all the DeFi suite of lending, borrowing and issuing assets through Velo and using them in your system, all compliant and ready to be market launched.

[Anonymous No.22723224]

Hmm, so now we are killing payment networks ?

Seems like biz is slowly moving away from the DeFi ponzi onto more serious stuff. But I never like XRP because they didn’t have the balls to allign it with Ripple the company and always dumped on plebs.

Now how is the token used here ? Because so far I like the concept and the backing will sure make this shit go balistic but again I don’t want to be dumped on by the team.

[Anonymous No.22723522]

>>22723224
Both XRP and RSR cuckfags larped here that true adoption is coming, big partnerships that will onboard millions of users, but still their shitcoins are useless and only work on paper.

Chinks always picked up good concepts and delivered them, Terra already has the 3rd most used blockchain with real tx and is shitting on RSR and their reserve vaporware massively, Velo will come just as hard in and shit on XRP and their fake excel spreadsheet for payments massively too. Get in now or miss the the train!