VX2 is set to tackle the complexities of cross-border payments by utilizing stablecoins like USDT and USDC. This initiative aims to provide a centralized access point and an interoperable protocol, functioning as a comprehensive orchestration layer that connects existing cloud solutions with new financial infrastructures.
To facilitate this, VX2 is forming strategic partnerships with key liquidity providers in the stablecoin realm, including exchanges, issuers, and over-the-counter (OTC) desks. These collaborations will allow for smooth integration with Volt’s extensive network of banking connections, thus bridging the gap between conventional financial systems and digital currencies.
The introduction of VX2 aligns with the growing demand for secure and efficient digital asset solutions. As transparency and regulatory advancements in the digital asset field improve, the environment for innovation has become favorable. VX2 is positioned to leverage this momentum by providing solutions that integrate traditional finance with cutting-edge digital technologies.
“We will harmonise old money with new, to deliver a globally connected and coherent payments network that is real-time,” stated Tom.
Operating as a distinct entity, VX2 will be primarily owned by Volt and will receive support from the same core investors, which include IVP, EQT, CommerzVentures, Augmentum Fintech, and Fuel Ventures. This structure enables VX2 to focus on its platform development while taking advantage of Volt’s existing expertise and resources, thereby enhancing Volt’s overall value proposition.