TomoChain, a low latency, and near-zero fee transactional system, announced today it has partnered with Wadz for online and point of sale (POS) payment solutions across Southeast Asia using the speed and security of TomoChain’s blockchain technology.
Wadz is migrating to TomoChain from Ethereum to provide its users with a modern-day digital payment experience that is not possible on Ethereum today. Payments using the TomoChain blockchain will be near-instantaneous and similar in experience to that of e-wallets and credit cards.
The Wadz token will be issued using the TomoZ: Zero Friction protocol. TomoZ allows gas fees to be paid by the token itself so Wadz users will not need to hold native TOMO or even know that they are using blockchain, enabling expansion to a broader userbase.
“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 Wadz payments infrastructure across geographies. Wadz has taken on an ambitious project of making blockchain-based payments a reality.”
– Anish Jain, Wadz CEO
By bringing together their respective strengths, both parties look forward to expanding their collective presence to encourage digital payments across Southeast Asia, and eventually across the world.
“We are proud to be working with the experienced leadership team at Wadz to drive greater awareness and adoption of blockchain as an underlying solution for payments. Wadz’s 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 Wadz to help them execute on their 2020 growth strategy across SEA and beyond.”
– Kyn Chaturvedi, TomoChain CBDO
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