Blog

January 10, 2024

Crafting Laos' Web3 Finance

Velo Web3+ Ecosystem (including subsidiaries) and PTL Holding Co. Ltd: A Strategic Collaboration for Laos's Digital Economic Renaissance with Signed MOU: Empowering Finance, Enabling Progress

In a groundbreaking move, Velo Web3+ Ecosystem (including subsidiaries) has officially entered into a transformative collaboration with PTL Holding Co. Ltd, aiming to combine Velo's digital finance prowess with PTLH's industrial might. This partnership aims to propel Laos into a new era of economic growth and digital innovation, marking a pivotal moment in the evolution of next-generation finance. The strategic collaboration, solidified through the signing of a Memorandum of Understanding (MOU), emphasizes Laos's progressive stance in the global financial landscape, aligning its vision with the Lao national digital economy plan. The signed MOU serves as a concrete commitment to jointly integrate advanced digital financial solutions, propelling Laos to the forefront of digital finance adoption.

Velo Web3+ Ecosystem: Pioneering Digital Finance:

Velo stands as a trailblazer in the digital finance realm, championing inclusive and efficient financial solutions through its Web3+ Ecosystem. With a commitment to revolutionizing the way people engage with finance, Velo brings cutting-edge technology to the forefront, fostering financial inclusion and accessibility.

PTL Holding Co. Ltd: Energizing Laos's Industrial and Economic Landscape:

PTL Holding Co. Ltd (PTLH) stands as a prominent player in Laos's industrial landscape, steering economic development through its subsidiaries. PTLH is also a prominent industrial conglomerate based in Laos, with a diversified portfolio that extends across various sectors. The company, in collaboration with its banking affiliate, plays a pivotal role in driving economic growth within Laos. Notably, PTLH is recognized for its significant contributions to the commodities sector, particularly in trading, logistics, oil & gas operations.

Collaborations for Digital Economic Renaissance:

1. Laos's Visionary Leap into Next-Generation Finance:

This collaboration signifies the Lao PDR's proactive steps toward embracing next-generation finance leveraging blockchain technology. From this partnership, Velo, PTLH

and Laos nation commit to realizing the potential of advanced digital financial solutions, setting the stage for a digital economy that empowers citizens and fuels robust economic growth.

2. Dynamic Implementation of Progressive Policies:

Laos's nimble and forward-thinking approach to policy execution is emphasized through all parties' commitment, establishing it as a beacon of progress in digital finance. In contrast to ongoing discussions in neighboring countries, Laos's decisive action accelerates the realization of benefits derived from a digital economy.

3. Laos's Distinct Advantage in Future Web3 Payment Innovation:

With an eye on the future of Web3 payments, Laos positions itself as a hub for innovative solutions in the evolving landscape of future Web3 payments. The collaboration between Velo, PTLH, and a distinguished bullion bank emphasizes Laos's potential to lead in seamlessly integrating generic future web3 payments.

As Velo, PTLH and Laos nation officially enter into this transformative collaboration with a signed MOU, the stage is set for a dynamic future where finance is not only more accessible, inclusive, and technologically advanced but also firmly grounded in a partnership that values progress and innovation. Stay tuned for further updates as we collectively shape the digital future in Laos and beyond.

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About Velo:

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Velo Labs' mission is to build a web 3 based liquidity and settlement network that allows partners to safely and securely transfer value between each other with fully integrated universal payment network powered by the Velo Protocol. Backed by Stellar Network and CP Group, Velo Labs is currently focusing on serving partners in the Southeast Asia and Asia Pacific region. Velo Labs' vision is to complement and connect the existing banking infrastructure to the Web3. Velo's established and expansive web3 based payment network and lightnet its licensed partnered settlement network positions it as one of the few blockchain projects with a clear path towards mass adoption. Velo takes the lead in the world of blockchain mass adoption offering a wide range of web3 based products tailored to diverse demographic segments, including individuals, merchants, corporations, and businesses. With several significant products already in their portfolio and additional releases on the horizon, Velo is dedicated to its mission of bridging businesses with global funds and expanding accessibility for individuals worldwide.