2024-09-14 05:45:02
VX2: Addressing cross-border payments needs
VX2 aims to address some of the most challenging cross-border payment needs using stablecoins such as USDT and USDC. The solution will offer a single point of access and an interoperable protocol, effectively acting as an end-to-end orchestration layer between existing cloud-based and ‘new money’ infrastructure.
This will be achieved through strategic partnerships with leading stablecoin on/off ramp liquidity providers, including exchanges, issuers and OTC desks.
These partnerships will enable smooth integration with Volt’s proprietary network of bank connections, creating a seamless bridge between traditional and digital financial systems.
The launch of VX2 comes at a time when demand for secure and efficient digital asset solutions is on the rise. The increasing transparency and maturity of regulation in the digital asset space have created a fertile ground for innovation. VX2 is positioned to capitalise on this trend, offering a solution that harmonises traditional financial systems with emerging digital technologies.
“We will harmonise old money with new, to deliver a globally connected and coherent payments network that is real-time,” Tom explains.
VX2 will operate as a separate entity, majority-owned by Volt and supported by the same core investors, including IVP, EQT, CommerzVentures, Augmentum Fintech and Fuel Ventures. This structure allows VX2 to maintain a dedicated focus on developing its platform while benefiting from Volt’s established expertise and resources.
