The Velo Protocol is a value transfer engine that will initially consist of two components: a Digital Credit Issuance Mechanism and the Digital Reserve System. Together, these components will allow Trusted Partners to tap into the reach, operational efficiency and transparency of the Velo Protocol and its underlying distributed ledger technology. The Velo Protocol will enable multiple business use cases that are all based on its core function: that of issuing collateral backed digital credits that can be used for frictionless value transfer.
Cross-border Remittance
The Velo Protocol allows agents of Trusted Partners to connect directly and digitally to one another instead of going through the multiple settlement layers of the tradional financial system, thereby saving costs, improving transparency and speeding up the entire process.
Lending
Through Velo, lending has a chance to be transformed, streamlined, digitized,made cheaper and more efficient by bypassing the traditional banking infrastructure.
Digital Credits
The Velo Protocol can issue bespoke digital credits to suit the needs of any business without burdening corporate users with having to create and manage their own digital credits.
Payments
The Velo Ecosystem has the potential to link the different markets in Southeast Asia into one widespread payment gateway with digital and physical payment points.
Loyalty Points
Velo seeks to improve the fungibility of loyalty and gift points issued by Trusted Partners by enabling secondary market for points and digital credits that are issued by the Velo Protocol.
