Velo, a Thailand-based Web3+ Ecosystem Velo (including subsidiaries), is pleased to announce its partnership with PTL Holding Co. Ltd, an investment holding company headquartered in Laos PDR. The collaboration aims to combine Velo’s digital finance prowess with PTLH’s industrial might, propelling Laos into a new era of economic growth and digital innovation.
The strategic partnership emphasizes Laos’s progressive stance in the global financial landscape, aligning its vision with innovative nations. The signed MOU is a concrete commitment to the joint integration of advanced digital financial solutions, bringing Laos to the forefront of digital finance adoption.
Velo Web3+ Ecosystem: Pioneering Digital Finance
Velo stands as a trailblazer in the digital finance realm, championing inclusive and efficient financial solutions through its Web3+ Ecosystem. With a commitment to revolutionizing the way people engage with finance, Velo brings cutting-edge technology to the masses, fostering financial inclusion and accessibility to all.
PTL Holding Co. Ltd: Energizing Laos’s Industrial and Economic Landscape
PTL Holding Co. Ltd (PTLH) stands as a prominent player in Laos’s industrial landscape, steering economic development through its subsidiaries. PTLH is also a prominent industrial conglomerate based in Laos, with a diversified portfolio across various sectors. The company, in collaboration with its banking affiliate, plays a pivotal role in driving economic growth within Laos. Notably, PTLH is recognized for its significant contributions to the commodities sector, particularly in oil & gas operations.
Collaborations for Digital Economic Renaissance
1. Laos’s Visionary Leap into Next-Generation Finance
This collaboration signifies the Lao PDR’s proactive steps toward embracing next-generation finance leveraging blockchain technology, strategically aligning its trajectory with forward-thinking nations. From this partnership, Velo, PTLH and Laos nation are committed to realizing the potential of advanced digital financial solutions, setting the stage for a digital economy that empowers citizens and fuels economic growth.
2. Dynamic Implementation of Progressive Policies
Laos’s nimble and forward-thinking approach to policy execution is emphasized through all parties’ commitment, establishing it as a beacon of progress in digital finance. In contrast to ongoing discussions in neighboring countries, Laos’s decisive action accelerates the realization of benefits derived from a digital economy.
3. Laos’s Distinct Advantage in Future Web3 Payment Innovation
With an eye on the future of Web3 payments, Laos positions itself as a hub for innovative solutions in the evolving landscape of future Web3 payments. The collaboration between Velo, PTLH, and a distinguished bullion bank emphasizes Laos’s potential to lead in seamlessly integrating generic future wen3 payments.
As Velo, PTLH and Laos nation officially enter into this transformative collaboration with a signed MOU, the stage is set for a dynamic future where finance is not only more accessible, inclusive, and technologically advanced but also firmly grounded in a partnership that values progress and innovation. Stay tuned for further updates as we collectively shape the digital future in Laos and beyond.
About Velo Lab
Velo Labs’ mission is to build a Web3-based liquidity and settlement network that allows partners to safely and securely transfer value between each other with a fully integrated universal payment network powered by the Velo Protocol. Backed by Stellar Network and CP Group, Velo Labs is currently focused on serving partners in Southeast Asia and the Asia Pacific region. Velo Labs’ vision is to complement and connect the existing banking infrastructure to Web3 technology.
Velo’s established and expansive Web3-based payment network and Lightnet its licensed partnered settlement network positions it as one of the few blockchain projects with a clear path towards mass adoption. Velo takes the lead in the world of blockchain mass adoption offering a wide range of Web3-based products tailored to diverse demographic segments, including individuals, merchants, corporations, and businesses. With several significant products already in their portfolio and additional releases on the horizon, Velo is dedicated to its mission of bridging businesses with global funds and expanding accessibility for individuals worldwide.