The post Velo Protocols Publishes New Litepaper, Targets Blockchain Innovation with RWAs and PayFi  appeared on BitcoinEthereumNews.com.

Velo, a pioneering blockchain technology provider, has launched its latest Litepaper, focusing on integrating Real-World Assets (RWA) and PayFi into the blockchain space. The upgrade seeks to increase the liquidity and availability of traditional assets and integrate Web2’s loyalty programs on Web3, making them accessible to clients. 🚀 Big update, Velorians! We’ve just dropped our brand-new Litepaper on the website! It’s packed with all the details on how we’re shaking things up with Real-World Assets (RWA) and PayFi — plus, we’re blending the best of Web2 and Web3 with some seriously cool tech 💡🌐… pic.twitter.com/eXbHcvggOq — Velo Official (@veloprotocol) October 12, 2024 Velo’s ecosystem aims to foster innovation by owning and trading fractionalized tokenized real-world assets, including treasury bills, gold, and receivables. Velo shared the litepaper with its community through its official social media post over X, mentioning to target blockchain innovation with real world assets (RWAs) and PayFi. RWAs – A New Approach to Unlock Asset Availability Velo’s proposed solution solves issues in real-world tokenization of assets by leveraging blockchain, where actual commodities like real estate are illiquid and hard to access. Velo’s tokenization empowers users to own fractions of these high-value assets and, improves the liquidity of an asset, making it accessible to the average investor. The innovative approach of Velo allows them to trade these assets 24/7 through decentralized exchange, which can be accessed from any part of the world without having to deal with middlemen. In addition to real-world asset tokenization, Velo’s PayFi solution bridges the gap between Web2 and Web3 loyalty systems. Traditional loyalty programs are often restricted to specific merchants, limiting their value. Velo’s PayFi allows loyalty points to exist in both environments, enabling users to redeem them for real-world products or within decentralized applications. This innovative system offers greater flexibility, liquidity, and utility,…

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Filed under: News - @ October 13, 2024 12:00 am