Velmie is thrilled to announce a strategic partnership with Electronic Digital Assets INC, a non-commercial SAAS company that develops and maintains financial technology services and are leased to the companies for their operations. This collaboration will launch groundbreaking products aimed at revolutionizing the fintech landscape in Latin America.
Latin America is rapidly emerging as a significant player in the global cryptocurrency landscape. With hyperinflation affecting the region, many citizens have turned to cryptocurrencies as a stable alternative to their local currencies. Additionally, cryptocurrencies offer faster, cost-effective remittance solutions, benefiting large immigrant communities in countries like Mexico and Colombia. This trend underscores the urgent need for accessible financial solutions that cater to the region's unique challenges.
Velmie and Electronic Digital Assets INC are on a mission to create borderless fintech solutions that empower local communities and drive digital economic growth.
Fabrizio Pozzobon, COO at Electronic Digital Assets INC, expressed his confidence in this partnership: “After several unsuccessful attempts to fully launch our products the way we envisioned it, we realized it wasn't a matter of a specific function—whether tech, commerce, marketing, or third-party partners. It was a matter of aligning each internal and external contributor to the end purpose. After extensive research, we came across Velmie and realized they had what we needed. High-level strategic discussions, tech expertise, industry knowledge, and market awareness were key decision factors. We finally had every function on the same page. With several ambitious products being launched in parallel, we expect to build a long-term relationship with Velmie to fully execute our vision since its inception.”
A crypto payments platform stands at the forefront of this initiative. Velmie is set to develop a Peer-to-Peer (P2P) Payments and Transfers Platform using its advanced core banking framework. This global cryptocurrency payment processor that will facilitate B2B transactions, will allow institutions to accept crypto payments seamlessly while empowering consumers to use their crypto holdings securely within the inner ecosystem. Key features will include fast and secure transactions, robust encryption, two-factor authentication, and compliance with KYC and AML regulations, ensuring a safe and efficient experience for all users.
CEO of Velmie Slava Ivashkin commented: “We are thrilled to embark on this collaboration with Electronic Digital Assets INC, marking a significant milestone for both our organizations. Together, we are poised to introduce transformative fintech solutions in Latin America. We believe that the launch and development of these products will empower individuals and businesses in LATAM to tackle their financial challenges effectively through our innovative technology solutions.”