/biz/ - Business & Finance

I am curious if some of you velochads can give me some guidance.

A simple intro as all things should be, no fancy vaporware like RSR, no bot shills from XRP.

The Velo Protocol is developed by Velo Labs, that is backed by the Charoen Pokphand Group, largest company in Thailand and one of the largest conglomerates in the world, they can buy out every scam out there and delete it if they want, imagine what they can do with Velo.CP group revenue is over $60 billion USD to date.

They have also on board the Lightnet Group, Seven Bank and Uni-President Asset Holdings.

>Seven Bank, a subsidiary of Seven & I Holdings Co., Ltd., owns all 7–11 convenience stores in Japan and about 69,200 stores worldwide.

>Uni-President Asset Holdings is the investment department of Uni-President Enterprises Corp. The company operates more than 9,000 7–11 convenience stores and Starbucks in Taiwan, mainland China, and the Philippines.

>Lightnet was founded in Thailand by a member of the Charoen Pokphand family, which owns all Thai-based 7–11 convenience stores and several popular shopping malls and supermarkets. Lightnet will integrate Velo protocol into their core business right at the mainnet start, with cheap cross-border payments, mobility and inclusivity for unbanked Asians are key elements of their service.

Their goal is to build a remittance/payment stablecoin protocol on Stellar, this is exactly what Stellar has been designed for and Velo will fill the gap with the stablecoin creation/collaterization mechanisms and the fiat on ramp options.

How easy it is to win, when you have the right backing and a straight alpha usecase everything just comes at you. Same is with Velo, but retarded NPCs, bots and discord trannies want to keep bizlets poor. Time to wake up or stay trenched on the retard side and ngmi.