South Korean payment service provider NHN KCP has partnered with Ava Labs to build a payment-focused Layer 1 network based on Ava Cloud, designed to enable sub-second payment authorization and on-chain data encryption. The two parties will also jointly explore tokenized deposits, stablecoin settlement, and cross-border payments. Ava Labs’ Head of Asia noted that the network’s exact launch timeline will depend on the legislative progress of South Korea’s cryptocurrency regulatory bill. (The Block) https://t.co/yhF0Qsxzs9
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.