PassPay Co., Ltd., a frontrunner in digital payments, and blockchain technology innovators EOS Network Foundation and EOS Labs announced a strategic alliance centered on blockchain technology.
Through this alliance, PassPay and EOS will work together to optimize financial services using blockchain technology and develop new services. The joint research and development of both companies aim to further evolve the use of blockchain in the financial industry.
Key Points of the Alliance
The alliance can enhance wallet convenience by integrating the EOS Network, known for its world-class performance and low gas fees, into PassPayWallet.
Utilizing EOS’s advanced blockchain technology, they aim to improve the transparency and efficiency of PassPay’s payment systems.
By merging the knowledge of both companies, they will develop new financial services and tokens based on EOS blockchain technology.
To increase transaction security, they will integrate the latest security features of EOS technology.
Yves La Rose, Founder and CEO of EOS Network Foundation commented:
Our collaboration with PassPay to introduce JPYW on the EOS blockchain fills us with great enthusiasm. This move is set to broaden the horizons of the EOS Network, offering fresh applications and bringing the transformative capabilities of blockchain technology to a wider audience in Japan. Working together with PassPay, we’re poised to propel the integration of blockchain into the fintech sector and establish pioneering benchmarks for the industry.
Yoshikatsu Kitano, CEO of PassPay added:
Our new partnership with EOS represents a significant step in maximizing the potential of blockchain, and we are confident that PassPay is entering a new stage in digital payments. We look forward to providing our customers with even more secure and efficient services.
In just six months, PassPay has achieved over 1300 downloads and continues to grow at an astonishing rate of 200 downloads per month. PassPayWallet aims to introduce payment functions using stablecoins, allowing users to transact in a currency with more stable value.
The company is also committed to the issuance of the stablecoin JPYW and the development of a wallet that can manage digital assets, including stablecoins, in a one-stop manner. They are working to expand the use scenarios for JPYW. This alliance will further accelerate their efforts and contribute to the fulfillment of their goals.
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