PassPay Co., Ltd., a leading force in digital payments based in Minato-ku, Tokyo, under the leadership of CEO Yoshikatsu Kitano, announces a groundbreaking partnership with blockchain technology pioneers, EOS Network Foundation and EOS Labs. The strategic collaboration is set to reshape the financial services landscape by harnessing the potential of blockchain technology, with a particular focus on optimizing digital payments.
Strategic objectives of the Alliance
The strategic alliance between PassPay, EOS Network Foundation and EOS Labs is driven by a collective vision to redefine the digital payments landscape. Both companies collaborate in research and development to advance the application of blockchain technology within the financial sector. The main objectives of this innovative partnership include:
EOS Network Integration with PassPayWallet: The partnership will see the integration of EOS Network, renowned for its exceptional performance and minimal gas fees, into PassPayWallet. This move aims to improve the user experience by leveraging the strengths of the EOS network.
Blockchain Innovation: Leveraging EOS’s advanced blockchain technology, the collaboration seeks to improve the transparency and efficiency of PassPay’s payment systems, setting new standards for secure and efficient transactions.
New token-based services: The synergy between PassPay and EOS will lead to the development of innovative tokens and financial services based on EOS blockchain technology, opening new avenues for digital transactions.
Improved security: The integration of the latest security features of EOS blockchain technology will strengthen transaction security, ensuring a robust and secure environment for users.
The remarkable growth and future plans of PassPayWallet
PassPayWallet has quickly gained prominence in the cryptocurrency industry, amassing over 1,300 downloads in six months and maintaining a notable growth rate of 200 downloads per month. Plans are underway to expand support for additional networks, and PassPayWallet aims to introduce payment features using stablecoins, offering users the ability to transact in a currency with a more stable value.
PassPayWallet is not simply a wallet app; is a pioneer in shaping the future of cryptocurrencies. The introduction of the JPYW stablecoin and the development of a comprehensive wallet capable of managing various digital assets, including stablecoins, underscore PassPay’s commitment to overcoming challenges in adopting cryptocurrencies for everyday transactions. Additionally, the collaborative effort between PassPay and EOS Network seeks to integrate JPYW into the EOS blockchain.
Yves La Rose, Founder and CEO of EOS Network Foundation, said: “We are very excited about our collaboration with PassPay to introduce JPYW to the EOS blockchain. This move will expand the horizons of the EOS network, offering new applications and bringing the transformative capabilities of blockchain technology to a broader audience in Japan. Working together with PassPay, we are poised to drive blockchain integration into the fintech sector and set pioneering benchmarks for the industry.”
Transforming the financial landscape
Together, PassPay, EOS Network Foundation and EOS Labs aim to drive blockchain integration into the fintech sector, ushering in transformative capabilities that contribute to the sustainable development of the digital future. This collaborative effort is poised to introduce transformative advances, laying the foundation for a new era in secure and efficient financial transactions.
Yoshikatsu Kitano, CEO of PassPay Co., Ltd., expressed his confidence by stating: “Our new partnership with EOS represents an important step in maximizing the potential of blockchain and we are confident that PassPay is entering a new stage in payments.” digital. “We look forward to offering our customers even safer and more efficient services.”
EOS Network Foundation is a leading organization dedicated to supporting and promoting blockchain technology and the EOS ecosystem. Its core activities include developer education, community support, research funding, and strengthening EOS’ technological foundation, with the goal of maximizing the potential of blockchain for a sustainable digital future.
PassPay is committed to overcoming the “three walls” that hinder the use of cryptocurrencies in everyday life. They have issued the Japanese Yen “JPYW” stablecoin as a solution to the challenges associated with price volatility and underutilization of the borderless nature of cryptocurrencies. In addition to stablecoins, PassPay Wallet allows managing various cryptocurrencies and NFTs on the blockchain, with a focus on expanding JPYW use cases and developing applications to bring people and digital life together.
Overall, the partnership between PassPay and EOS Network Foundation marks a pivotal moment in the evolution of blockchain technology, promising to deliver improved financial services and redefine the future of digital payments. This strategic move not only symbolizes a commitment to technological innovation, but positions the alliance as a vanguard in shaping the future of blockchain adoption.
