Vanar Chain Partners with Worldpay

Vanar Chain, a Layer-1 (L1) blockchain, has announced a new strategic partnership with Worldpay, a payments technology company, as reported to Finbold on Friday, February 28.

The partnership aims to drive innovation in Web3 payment solutions and, according to Vanar Chain CEO Jawad Ashraf, it intends to “bring blockchain technology to the forefront of global payments.”

In addition, BCW Group will provide technical services for transaction validation as a partner for Web3, artificial intelligence (AI), and cloud infrastructure.

Innovative Web3 Payments

Currently, Worldpay processes over $2.3 trillion (~50 billion transactions) annually across 146 countries and allocates substantial resources to integrate blockchain technology with mainstream financial systems.

As a key player in the Web3 ecosystem, Worldpay collaborates with various top cryptocurrency exchanges and blockchain platforms, handling a significant portion of card-to-crypto transactions while providing essential fiat infrastructure worldwide.

Worldpay’s strong position in the crypto industry positions it to bridge the gap between traditional financial services and emerging blockchain technologies.

Ahmed Zifzaf, Head of Crypto Partners at Worldpay, stated about the Vanar partnership:
> “Our collaboration with Vanar allows us to expand our footprint in the crypto ecosystem and lead the next wave of innovation in payments. Together, we are excited to explore new payment solutions that could set a new standard for speed, security, and transparency in the global digital economy.”

Mainstream Web3 Payment Adoption

As part of their partnership, Vanar Chain and Worldpay will explore new Web3 financial products designed to enhance transaction speed, security, and transparency.

Vanar’s high-performance blockchain network combined with Worldpay’s robust payment infrastructure is expected to facilitate not just innovative, but also more accessible payment services.

Ultimately, the goal is to provide businesses and consumers worldwide with enhanced Web3 payment gateways and stablecoin solutions that cater to modern financial market needs.