**Venom Blockchain and United Network Forge Strategic Partnership to Power Next-Generation Payment Systems**
DUBAI, UAE, April 24, 2024 /PRNewswire/ — In a groundbreaking move that could redefine the future of global payments, Venom Blockchain and United Network have joined forces to create a revolutionary blockchain-powered payment infrastructure. This unique partnership aims to harness the speed and security of blockchain to transform the use of Central Bank Digital Currencies (CBDCs) and stablecoins.
**Speed Redefined:**
The Venom Blockchain backbone unlocks the potential for lightning-fast card transactions, blurring the lines between traditional payment methods and the world of cryptocurrencies.
**Scalability for the Future:**
Dynamic sharding empowers the system to expand alongside growing adoption, making it future-proof.
**Uncompromising Security:**
United Network’s payment cards, multi-factor authentication, and digital wallets, coupled with Venom’s focus on government-level security, create a fortress for transactions.
**The Power of Smart Contracts:**
Venom’s account abstraction allows the deployment of smart contracts, ushering in automation and streamlining payment processes.
Christopher Louis Tsu, CEO of Venom Foundation, expressed his excitement about the partnership, stating, “Venom Blockchain and United Network are transforming payments. Integrating our blockchain’s capabilities with United Network’s infrastructure unlocks the power of smart contracts. It sets the stage for seamless CBDC and stablecoin transactions, a major step towards mass adoption.”
Venom Blockchain is a high-throughput Layer 0 blockchain platform known for its asynchronous dynamic sharding and Threaded Virtual Machine (TVM), ensuring scalability, seamless cross-chain interactions, and developer-friendliness for Web3 applications and government solutions. United Network, on the other hand, brings expertise in ready-to-deploy payment infrastructure, making them a leader in building national and global payment ecosystems for fiat-backed stablecoins and CBDCs.
This strategic partnership between Venom Blockchain and United Network promises to revolutionize the world of payments, offering a glimpse into the future of fast, secure, and scalable transactions.
