Gate News message, April 14, South Korean payment service provider NHN KCP and Ava Labs signed a memorandum of cooperation, planning to jointly build a Layer 1 network for payment use cases based on Ava Cloud. The network will cover three major areas: sub-second payment confirmation, encryption of on-chain transaction data, and customizable merchant payment infrastructure. The two sides will also explore business opportunities such as tokenized deposit models, multi-stablecoin settlement structures, and cross-border payments. Justin Kim, Head of Ava Labs’ Asia region, said that the launch timeline for the L1 mainnet will depend to a large extent on the progress of South Korea’s crypto regulatory rules.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Is it possible to bypass Financial Supervisory Commission (FSC) rules for buying crypto with card payments? O’DinDin promotes Wallet Pro, a service for buying crypto with a U.S. card payment
Odin Ding has launched the OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it showcases its fintech transformation. Through its partnership with MoneyGram, Wallet Pro enables cross-border transfers for cash purchases of stablecoins and operates in the U.S. market. The company’s offshore model avoids Taiwan’s strict regulation, and under the new draft legislation, it challenges the market competitive landscape; in the future, it will affect local operators’ compliance strategies.
CryptoCity1h ago
Lighter launches a liquidity partnership program, offering rewards to LPs of RWA assets
Gate News message, on April 14, Lighter officially announced the launch of a Liquidity Partner Program, which will reward users who provide liquidity for RWA assets on the platform. The RWA asset categories covered by the program include crude oil, precious metals, U.S. stocks, and more.
GateNews1h ago
HSBC tokenized deposits make their debut on the public chain Canton Network, with financial giants JPMorgan, DTCC, and Franklin following suit
HSBC Bank for the first time issued tokenized deposits (TDS) on the Canton Network and conducted atomic settlement, supporting multiple fiat currencies and providing real-time clearing 24/7. This marks the tokenization of bank deposits entering a publicly interoperable environment, and it has attracted institutions including JPMorgan and DTCC to join, highlighting the importance of the Canton Network as financial infrastructure.
動區BlockTempo3h ago
Can bypassing Taiwan Financial Supervisory Commission (FSC) regulations to buy crypto with a credit card be feasible? Oding Oding launches a U.S. debit card crypto purchase service, Wallet Pro
OdinTin launches OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it demonstrates its fintech transformation. Through its partnership with MoneyGram, Wallet Pro enables cross-border transfers of stablecoins purchased with cash and operates in the U.S. market. The company’s offshore model sidesteps Taiwan’s strict regulation, and under the new draft law it will challenge the competitive landscape, which in the future will affect local providers’ compliance strategies.
CryptoCity4h ago
