UTORG partners with Velas

We are happy to announce the start of a partnership deal with an open-source blockchain solution Velas. Under the frame of the agreement, UTORG is going to implement a fiat-to-crypto payment gateway to the services of Velas. This implementation will allow the company to provide its customers with an additional convenient way to process their financial operations without any difficulties.

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What is Velas?

Velas is a developer-friendly blockchain ecosystem with smart contract functionality, designed as the infrastructure for a new generation of services, platforms, applications, and games.

With innovation at its core, Velas aims to be a faster and more suitable system for daily use, removing some limitations faced by older blockchain-based platforms - such as low performance, instability and high fees.

Thanks to realizing the consensus mechanism, the company claims that it is the world’s fastest EVM (Ethereum Virtual Machine) platform because it can perform up to 75,000 transactions per second, creating blocks only when needed. Meanwhile, it protects the network from threats and malicious activity.

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Conclusion

Considering a long-term perspective, we are confident that this cooperation will bring its fruits. Moreover, we have great hopes of making our contribution to the development of decentralized finance services in the way it should be.

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