PassPay Joins Forces With EOS Network Foundation to Create New Financial Products
Tokyo-based digital payments firm PassPay has announced a strategic alliance with EOS Network Foundation (ENF), the lead developer of EOS Network. The agreement will see the two entities explore the development of new financial products that make use of blockchain technology....
- PassPay, a Tokyo-based digital payments firm, has formed a strategic alliance with EOS Network Foundation (ENF) to explore the development of new financial products using blockchain technology.
- The partnership aims to leverage the benefits of blockchain, such as irreversible transactions and an immutable ledger, while addressing the drawbacks, including high network fees.
- PassPay plans to integrate its PassPayWallet with EOS Network, enabling the development of payment solutions on EOS rails and the access to EOS-based tokens within the wallet application.
- PassPay's goal is to increase the utility and spendability of cryptocurrencies in real life, overcoming challenges like price volatility.
- EOS Network has been improving its infrastructure, including the EOS EVM, to support Ethereum-based assets and applications, and to provide a network environment that can scale without affecting user experience.
The article highlights a positive development in the partnership between PassPay and EOS Network Foundation, focusing on the potential benefits of blockchain technology and the growth of EOS Network. The overall sentiment is optimistic and forward-looking.