Vaulta (formerly EOS Network) Partners with VirgoCX to Launch VirgoPay Cross-Border Stablecoin Payment Network
Vaulta, the blockchain platform formerly known as EOS Network, has announced a major step forward in the decentralized finance (DeFi) space by forming a strategic partnership with VirgoCX – one of Canada’s leading cryptocurrency exchanges. Together, the two parties will launch VirgoPay – a new stablecoin-powered cross-border payment network, marking the first implementation of Vaulta’s “Web3 Banking” strategy.
VirgoPay – A New Payment Network Based on the Vaulta Blockchain
According to the official press release, VirgoPay will leverage the Vaulta blockchain as its default transaction and settlement layer, providing a secure and efficient platform for digital currency transactions. The service is expected to go live in May, ushering in an era of cross-border payments using stablecoins instead of relying on the traditional banking system, which is costly and slow.
Users can send money via VirgoPay using domestic payment methods or directly through a crypto wallet, and choose from a variety of fiat currencies. The recipient will then receive their preferred currency as soon as the transaction is processed – fast, transparent, and without the need for a bank intermediary.
Global Support From Day One
The initial phase of VirgoPay will be rolled out in key markets including the United States, Canada, Hong Kong, Brazil, and Australia. Additional countries will be added in the future, expanding the service’s global reach.
Adam Cai, co-founder and CEO of Virgo Group, shared:
“Vaulta’s vision of a Web3 Banking platform aligns perfectly with our mission: ‘Making Crypto Great for Everyone’. Leveraging stablecoins for cross-border payments will be the first killer application of distributed ledger technology (DLT).”
Vaulta – The Ambition to Redefine Banking in the Web3 Era
This partnership not only solidifies Vaulta’s position as the first Web3 banking operating system, but also paves the way for real-world applications of blockchain technology in the global payments sector – one of the trillion-dollar markets waiting to be transformed.
By combining the Vaulta blockchain infrastructure with VirgoCX's financial network, VirgoPay promises to deliver faster, cheaper, more transparent cross-border payments – opening up financial inclusion to millions of users around the world.
