Web3

On July 15, 2024, TradeGo and PlatON completed a successful pilot project involving a rubber import transaction to China from Thailand, valued at USD 1.17 million, using electronic bills of lading (eBL) to trigger digital currency cross-border payments. The pilot verified the benefits of combining blockchain eBL, digital currency, and smart contracts in optimizing trade processes, settlement methods, and reducing payment costs by up to 90%. It demonstrated improved security, traceability, and efficiency in international trade transactions. The results highlighted the potential for significant advancements in cross-border settlement and payment systems, paving the way for future integration with central bank digital currencies (CBDCs) and the creation of the Global Inter-entity Financial and Trading Society (GIFTS).

This article explores the rise of Web3 payments and how PlatON is leading the way with its innovative solutions. Web3 payments, characterized by decentralization, transparency, and efficiency, are transforming traditional financial systems. PlatON, leveraging its expertise in privacy computing, has developed the TOPOS system, which offers high security and privacy in payments. The article highlights PlatON’s strategic moves, market opportunities, technological advantages, and successful use cases, demonstrating its potential to redefine global payment networks and support the digital economy’s growth.

TOPOS, a Web3 payment solution by PlatON, is revolutionizing global payment networks. By integrating into the global dollar system, TOPOS offers efficient, secure, and transparent payment and settlement services. This innovation enhances payment efficiency and security, drives financial technology advancement, and promotes inclusive finance. As TOPOS expands globally, it ushers in a new era of more efficient and secure payments. The article explores TOPOS’s role in compliance, payment innovation, global payment networks, and digital asset management.

The Central Bank of Russia’s proposal to legalize stablecoins for international transactions could significantly enhance Web3 cross-border payments. PlatON, in collaboration with DCS, leverages privacy computing and blockchain technology to provide efficient and secure solutions. TOPOS system addresses challenges in crypto asset management and reduces transaction costs and time. The introduction of PayPal’s PYUSD further stabilizes the market and fosters trust in Web3 payments, marking a new era in global digital transactions.