WadzPay has formed a strategic partnership with TomoChain – a highly innovative protocol that solves scalability issues on the Ethereum Blockchain
We are extremely excited to announce our partnership with TomoChain to kick-start our initial strategic phase in Southeast Asia as well as to enable online and point of sale (POS) payment solutions.
TomoChain is an innovative solution to scalability problem with the Ethereum blockchain, and other blockchain platforms. TomoChain features a 150-Masternodes architecture with Proof of Stake Voting (POSV) consensus for near-zero fee, and instant transaction confirmation. Security, stability and chain finality are guaranteed via novel techniques such as double validation, staking via smart-contracts and uniform randomization processes.
We are proud to be working with the experienced leadership team at WadzPay to drive greater awareness and adoption of blockchain as an underlying solution for payments. WadzPay focus towards digital payments through scalable blockchain infrastructure and across SEA aligns well with TomoChain’s DeFi and regional expansion plans. This partnership, additionally, exemplifies our desire to enable success in projects building on the TomoChain public blockchain through priority technical support, relevant business connections, and market access. As such, we will be working closely with WadzPay to help them execute on their 2020 growth strategy across SEA and beyond.
— Kyn Chaturvedi, TomoChain CBDO
Our partnership with TomoChain will solve merchant pain points as well as to provide an intuitive and viable option for the unbanked in emerging markets. As part our migration to TomoChain, the WadzPay token will be issued using the TomoZ: Zero Friction protocol.
TomoZ allows gas fees to be paid by the token itself so WadzPay users will not need to hold native TOMO or even know that they are using blockchain, enabling expansion to a broader user-base — which is aligned with WadzPay vision in bringing digital payments to the masses.
We are very excited and looking forward to growing our ecosystem with TomoChain for our initial expansion to emerging markets. With the rapid development of the Blockchain space, we strongly believe that the TomoChain protocol is best suited to develop and expand the WadzPay payments infrastructure across geographies. WadzPay has taken on an ambitious project of making blockchain-based payments a reality. We are positive our partnership with TomoChain will enable us to deliver cutting-edge and next-generation payment services for all.
— Anish Jain, WadzPay CEO
We are extremely confident in TomoChain’s well-built infrastructure and expertise in navigating the SEA markets! Together, we aim to show the world the potential of Blockchain technology, and to form a cohesive, positive ecosystem together.
If you wish to know more about TomoChain, head on to their webpage!
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About TomoChain (https://tomochain.com)
TomoChain is built on a performance layer that achieves high transaction speeds without compromising decentralization. TomoChain uses an innovative consensus method called PoSV (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively. Its staking-governance DAapp, TomoMaster, is recognized as one of the leading staking platforms in the industry.
Follow TomoChain on the following:
About WadzPay (https://wadz.com)
WadzPay is a blockchain-based, inclusive application that is set to redefine the payment processing industry and incentivize data ownership for both consumers and businesses. WadzPay strives for the minimization of malicious activities, and maximization of positive contributions through its unique Proof-of-Contribution (PoC) governance protocol.