Abu Dhabi, Thursday, May 2, 2024 – The Venom network, layer 0 blockchain in the Web3 eco system, announced that it had partnered with United Network, which is designed for payment systems, prospecting the ignition of global payment systems on a decentralized platform. 1
Reports said that the partnership would improve the speed of the transactions, potentially, a capacity of more than 100,000 transactions per second (TPS).
It would also bring a real-time card payment facility for smart contracts.
The government-level security of Venom is expected to fortify the transactions made via the United Network.
Added to that, the scalability and deployment of smart contracts will also be an added advantage of the integration.
“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,” CEO of Venom Foundation Christopher Louis Tsu said. 2
- Venom Blockchain: https://www.marketwatch.com/press-release/venom-blockchain-and-united-network-forge-strategic-partnership-to-power-next-generation-payment-systems-d4186554?mod=search_headline[↩]
- Venom Blockchain: https://www.prnewswire.com/news-releases/venom-blockchain-and-united-network-forge-strategic-partnership-to-power-next-generation-payment-systems-302126250.html[↩]
