Velo Protocol, a blockchain-based financial platform for payments across borders, has joined forces with UQUID, a Web3 shopping platform. In this partnership, Velo Protocol will operate as a dApp in the Web3 dApp store of UQUID to boost innovation in the crypto transfers and decentralized commerce. The platform took to social media to reveal this collaboration.
UQUID Adds Velo Protocol as dApp into Web3 dApp Store
According to Velo Protocol, the partnership with the cutting-edge Web3 shopping entity UQUID focuses on advancing the e-commerce infrastructure. Velo Protocol is a blockchain-driven PayFi ecosystem, filling the gap between the conventional finance and decentralized finance (DeFi). With this collaboration, the blockchain technology of Velo will merge with the cutting-edge e-commerce infrastructure of UQUID. This will further enhance the Velo Token’s real-world utility.
The integration also intends to improve the shop-to-earn experience of the users by providing additional opportunities to use the crypto in their daily purchases. In addition to this, $UQUID has become a leading platform when it comes to Web3 shopping realm. It delivers unparalleled solutions for crypto payment for a vast array of physical and digital goods. With the inclusion of Velo in the form of a dApp, UQUID permits consumers to transfer with the Velo Token. This increases efficiency and accessibility to a significant extent, to advance their experience.
Delivering Cost-Efficient and Rapid Crypto Transfers to Connect TradFi and DeFi
As per Velo Protocol, this collaboration indicates a wider endeavor to innovate and expand decentralized commerce. The addition of the PayFi network of Velo, UQUID allows its consumers to get access to relatively cost-efficient crypto transfers. The mutual initiative also contributes to Velo’s mission of expediting financial inclusion via blockchain technology. Amid the rapid evolution of the Web3 world, such collaborations play a vital role in the broader shift toward the decentralized finance.
