Over the past couple of weeks and months, we have been relentless talking about PlatON advancement into web3 Payment and settlement as they work with various government bodies towards achieving this goal and the recent accomplishment is a testament of months work, introducing PlatON X StraitsX.
Web3 cut across various sections with majority aligning with gaming, savings, finance and what have you but one of the main factor that seem yet to be settled is the bridging of web2 - Web3 and I am referencing to how payment and settlement can be achieved without the need of various swaps, installation of multiple apps or rather accessing multiple DApps. This is probably one of the biggest milestone currently been worked on and happy to say PlatON is probably one of the leading platform pushing this narrative.
Over the past couple of months, PlatON has made significant breakthroughs towards achieving this from onsite visitation of various government bodies to hosting of in real life get together with the recent one been in Europe Money2020. The goal has always been web3 Payment and completion the easy way and today's writeup is a testament to this.
StraitsX, a licensed Singaporean fintech institution— has officially launched both XSGD and XUSD stablecoins on the PlatON Network.
Prior to now, StraitsX have previously partnered with Ripple to bring XSGD to the XRP Ledger, Ripple is one of the big name within the crypto space with a coin ranking of number 4 as seen on CoinMarketCap. The recent launch of both XSGD and XUSD stablecoins on the PlatON Network is probably one feature showcasing that PlatON isn't simply all about theory and meetings but actual facts and a working system can be seen and used.
PlatON commitment towards payment and settlement completion has again taken a huge step forward and once again showed the entire space that even with noise and uncertainty within the market space, they are here to stay and not just stay but here to complete whatever tasks presented to them.
At this point, one can simply smile and say the future is probably one you should look up to and who knows what more achievements await ahead?
The entire article relating to the integration of both XSGD and XUSD on PlatON Network was published on PlatON medium page which can be read here - https://platon-network.medium.com/platon-integrates-singapore-dollar-and-u-s-835b32061f28
Until some other time, don't forget to turn on notification via PlatON various social medias to get the news as it comes by. Do have fun and enjoy your weekend.