More

    Fantom Blockchain Project Partners With Fuiou Group, A Leading China Payment Provider

    Fantom Has Partnered With Fuiou Group, Which Is One Of The Leading Payment Providers

    With every financial solution that has hit the market, it tends to entirely depend on the pillars of credibility and trust for it to be successful. It is a concept that Fantom fully understands, and they know for the blockchain technology to make a drastic change within the financial world, then it will need to be scalable together with secure like the existing solutions within the market; it is the likes of MasterCard and VISA.

    Having the revolutionary technology within the market is not enough, as we all know to have trust it all begins with awareness.

    Thus, to have mass market adoption of the new technology, we will need to ensure we are showing the everyday users how the smart contract platform that is DAG-based that has been designed with a scalable crypto payment option will be able to change lives within the market drastically.

    More To Offer The Market Through A Partnership With Fuiou Group

    With all this in mind, the company went ahead to announce their recent collaboration with Fuiou Group, which has been considered to be among the leading payment providers in the market. The Fuiou Group is based in Shanghai having about 18 branch companies and several businesses that are spread across the 27 provinces that are in China.

    The company was established as a third party payment solution that is able to provide services to both the private and commercial clients in offering solutions within online payments, prepaid cards together with some in-store payments. The company has been able to transact about five million digital payments in a day and has over 300,000 merchant partners.

    According to the CEO of Fantom, he firmly believes that the company is beyond the current blockchain technology and from this, it is able to transform several industries in the market. Having the support of Fuiou Group, a company that has been a leader in offering payment solutions, Fantom will have the opportunity to create some real time crypto payments to the untapped markets worldwide.

    With this partnership, together with the previous ones means the company will be able to realize the potential that it has in the real world, in delivering the vision of Fantom, which is the promise of having distributed ledger technologies.

    A Lot To Expect From The Partnership

    The Fuiou Group will be integrating the Fantom’s scalable crypto payment technology into their current payment solutions. A system that has been able to handle over six million transactions each month, one that will allow customers around the globe to quickly pay for goods with their partnered merchants.

    What this means is, for the Fuiou users they will be able to accept and even make crypto payments alongside the fiat currency. With the partnership, both companies will be able to introduce the crypto coins to the everyday transactions, thus, laying down the framework for this payment option to be the norm over time.

    Mr. Kang Jian Ming, who is the Fuiou Group founder said that the group prides its self in being the leader in the different payment solutions that are available, and from this, they feel they are responsible with evolving the current payment solutions.

    The blockchain technology together with the different crypto coins have made a tremendous impact in payment options within the market, the only problem that exists is the lack of solutions that are scalable, affordable and even fast enough to satisfy the needs of the customers. But the use of Fantom revolutionary technology, it will make it possible for the use of crypto coins in everyday transactions, one that can be offered on a global scale.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,354FansLike
    2,774FollowersFollow
    4,134FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Exchange Binance Looks To Join Houbi, OKEx In Launching A Mining Pool

    Top crypto exchange Binance has plans to launch its own mining pool, according to a Russian crypto news outlet Coinlife on Tuesday. The news was...

    Coinbase Custody Moves Tezos (XTZ) Staking Bakery From US to Ireland For Regulatory Reasons

    Coinbase has managed to move the Tezos Staking Bakery, the largest validator since its launch in 2019 which the exchange has been operating since...

    BitMEX’s Operator HDR Global Grants $100k Towards Bitcoin Core Development

    BitMEX’s parent company HDR Global Trading Limited has awarded $100k to the Bitcoin core developer Michael Ford. This will be the second grant towards...

    Bitcoin, Ethereum, DogeCoin, Lightning Network's Code to be Buried Under Arctic Ice

    The Bitcoin codebase snapshot will be encoded onto film and afterwards be stored for 1,000 years under ice, in Svalbard, Norway. The move is included...

    Huobi Wallet to Integrate Crypto Lender Cred Allowing Users To Earn Interest

    The crypto exchange offering wallet services Huobi has closed a partnership with the decentralized crypto lending company Cred in order to offer user's interest...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.