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.