Decentralized finance blockchain project Findora has announced its integration with mobile payments service provider SwiftPass and Hong Kong-based FinTech Wallyt.
Founded in 2017, Findora is a blockchain network that leverages zero-knowledge proof technology to ensure privacy for financial transactions while remaining auditable. Findora supports confidential transaction processing, verification and asset issuance for any cryptocurrency or financial asset, such as equities, derivatives, debt and cash.
In a press release, Findora said that its solution will be integrated with SwiftPass, a mobile payments service provider in Asia, and Wallyt, a FinTech that provides international mobile payments and open banking solutions. According to Findora, Wallyt’s global presence and SwiftPass’ expansive platform and user base are ideally suited for its confidential ledger. The use of Findora is expected to provide enhanced data safety and privacy for the financial institutions and other clients they serve.
“Among its peers, Findora has a unique approach to financial systems, with a balance between transparency and privacy for building a large-scale transaction network,” said CEO of Wallyt, Tong Liu. “We are excited to partner with Findora and, together, provide more Fintech solutions.”
Paul Sherer, F.I.R.S.T. Director of Findora Foundation, said that Findora Development Foundation is excited to partner with two dynamic platforms in Wallyt and SwiftPass, in the constantly evolving FinTech and payments sector.
“The Findora blockchain’s unique approach to combining cryptography and blockchain will help Wallyt and SwiftPass achieve both confidentiality and auditability,” said Sherer.
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