Velo Labs - FinTecBuzz

Velo Labs’ Utility Token now available on Huobi

July 8, 20223 min

Velo Labs, a leading blockchain infrastructure company focused on improving international remittances, has announced another successful listing of their utility token, $VELO, on the leading global digital asset financial service provider, Huobi. Velo Labs is developing a blockchain-based global settlement network to allow for fast, secure and low cost cross-border payments to both individuals and businesses. As part of their mission to improve financial services, Velo Labs provides institutions with the ability to transfer value across borders more...

by PRNewswire

Payments

Velo Labs & iRemit to unlock $34B cross-border payment market

April 5, 20224 min

Velo Labs, a leading blockchain infrastructure company, and iRemit, the largest Filipino-owned, non-bank remittance service provider, have partnered to provide individuals and businesses access to improved cross-border payments using blockchain technology and Velo Digital Credits. An estimated 34 billion USD in remittances arrive into the Philippines each year and are currently subject to high fees, costly delays, and a complex web of intermediaries – all of which destroy economic value and hurt individuals reliant on cross-border payments. Velo Labs,...