According to DPD Group research, European people still prefer to use bank cards and cash for online payments. However, a typical cross-border payment lifecycle involves several steps and parties to process the payments, which takes days to complete. Is there any other better payment method to solve this problem?
Blockchain technology is the ANSWER. It has the potential to process financial transactions in ‘real-time’ without compromising security. The important question here is: will any country be willing to try to apply blockchain technology in the national financial ecosystem?
The answer is YES. Someone has already taken the important step of trying.
WaykiChain (WICC) and Montenegro Capital Market Authority have signed a Memorandum of Understanding (MoU) to develop blockchain technology and drive financial technology reforms in Montenegro. WaykiChain CTO, Richard Chen and Zoran Djikanovic, Chairman of Capital Market Authority attended the signing ceremony held on December 9th in Podgorica, Montenegro.
What will this MoU unlock?
Under the terms of the MoU, WaykiChain (WICC) and Capital Market Authority of Montenegro will develop an in-depth partnership by integrating strategic resources and exchanging industry experience in a series of mutually beneficial blockchain technology areas. As part of the strategic collaboration, WaykiChain will provide Blockchain Technology Framework for the Montenegro financial technology ecosystem and develop Tamper-Proof technology solutions for the national blockchain-based payment system by its cutting-edge technology, innovative products, and the team of industry experts.
“Using WaykiChain’s well-proven technique, we will collaborate to increase transparency and efficiency in the financial ecosystem, all with the aim of providing better services to citizens,” said Zoran Djikanovic, Chairman of Capital Market Authority.
WaykiChain CTO, Richard Chen also mentioned that “WaykiChain expects Montenegro financial ecosystem to reap the benefits of our technology as it can build a more efficient public administration and improve the quality of citizens’ life.”
Why choose WaykiChain to provide blockchain technology support?
As a leading blockchain company focused on blockchain’s underlying technology and related ecosystem technology, WaykiChain owns an industry-leading public chain 3.0. Relying on the inherent technical advantages of blockchain and its superior R&D strength, WaykiChain is empowered with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + BFT), powerful smart contract, as well as the blockchain ecological decentralized control ability, WaykiChain can provide various major industries and key areas of vertical industry with infrastructure services and industry solutions.
WaykiChain CEO, Gordan Gao mentioned, “Our mission at WaykiChain is to harness the power of Blockchain to help create a transparent and efficient financial ecosystem to benefit the world.” The strategic cooperation with Montenegro Capital Market Authority is the very step of achieving this mission. WaykiChain will continuously make contributions in the world of blockchain with its leading specialization.