South Korea, August 5, 2020 / AlexaBlockchain/ – Klaytn, the pioneering blockchain project led by South Korean Internet giant Kakao (KRX: 035720), has announced a significant development in its mission to advance blockchain technology for global financial services. Global financial technology leader Worldpay from FIS is now a member of the Klaytn Governance Council, marking a strategic collaboration aimed at revolutionizing global credit and debit card processing.
Klaytn, recognized for its commitment to blockchain innovation, has been steadily expanding its ecosystem to provide cutting-edge solutions for exchanges, traders, custodians, and more. Worldpay’s inclusion in the Klaytn Governance Council represents a major step forward in achieving this vision.
The partnership’s primary objective is the development of a blockchain-based omnichannel distribution hub. This hub will serve as a centralized platform for processing credit and debit card transactions within the Klaytn ecosystem. By harnessing the power of blockchain technology, Klaytn aims to enhance security, transparency, and efficiency in financial transactions across the globe.
Sangmin Seo, the Head of Platform Group at Klaytn, expressed his excitement about the collaboration, stating, “We are excited to welcome Worldpay to join the Klaytn Governance Council. We look forward to working with this payments leader to implement use cases that will foster the development of blockchain-empowered digital payment solutions.”
Worldpay from FIS, renowned for its prowess in financial technology, brings a wealth of expertise to the partnership. The company has a strong track record of delivering innovative payment solutions to businesses worldwide, and their involvement in the Klaytn Governance Council signals a significant endorsement of blockchain technology’s potential in the financial sector.
With this partnership, Klaytn aims to position itself as a leader in blockchain-powered financial services, fostering trust and efficiency in global payment processing. The blockchain-based omnichannel distribution hub will play a pivotal role in achieving this goal, offering secure and streamlined credit and debit card processing for Klaytn’s growing network of partners and users.
For those interested in learning more about the Klaytn Governance Council and the latest developments in Klaytn’s blockchain ecosystem, additional information is available on the official Klaytn website at www.klaytn.com.
As the Klaytn project continues to evolve and attract industry leaders like Worldpay from FIS, the future of blockchain technology in financial services is becoming increasingly promising. This collaboration signifies a significant step toward achieving secure, efficient, and transparent global financial transactions.
Source: Klaytn
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