PassPay Co., Ltd., a leading force in digital payments based in Minato-ku, Tokyo, led by CEO Yoshikatsu Kitano, announces a groundbreaking alliance with blockchain technology pioneers EOS Network Foundation and EOS Labs . The strategic partnership is poised 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 jointly engage in research and development to promote the application of blockchain technology within the financial sector. Key objectives of this groundbreaking partnership include:
Integration of EOS network with PassPayWallet: The alliance will ensure the integration of the EOS network, known for its exceptional performance and minimal gas costs, into PassPayWallet. This move aims to improve the user experience by taking advantage of the strengths of the EOS network.
Innovation in Blockchain: Using EOS’s advanced blockchain technology, the partnership aims to improve the transparency and efficiency of PassPay’s payment systems and set new standards for secure and efficient transactions.
Token-based new services: The synergy between PassPay and EOS will give rise to the development of innovative financial services and tokens based on EOS blockchain technology, opening new avenues for digital transactions.
Enhanced security: The integration of the latest security features of EOS blockchain technology will strengthen transaction security and ensure a robust and secure environment for users.
PassPayWallet’s remarkable growth and future plans
PassPayWallet has quickly gained fame in the cryptocurrency industry, with over 1300 downloads within six months and a remarkable growth rate of 200 downloads per month. There are plans to expand support for additional networks, and PassPayWallet aims to introduce payment features using stablecoins, giving users the ability to transact in a currency with a more stable value.
PassPayWallet is not just a wallet app; it is a pioneer in shaping the future of cryptocurrency. The introduction of stablecoin JPYW and the development of a comprehensive wallet that can manage various digital assets, including stablecoins, underscore PassPay’s commitment to overcoming the challenges of adopting cryptocurrency for everyday transactions. Furthermore, the partnership between PassPay and EOS Network aims to integrate JPYW into the EOS blockchain.
Yves La Rose, Founder and CEO of EOS Network Foundation, said: “Our partnership with PassPay to introduce JPYW to the EOS blockchain fills us with great excitement. This move will broaden the horizons of the EOS network, offer new applications and bring the transformative capabilities of blockchain technology to a wider audience in Japan. By partnering with PassPay, we are poised to advance the integration of blockchain into the fintech sector and set game-changing benchmarks for the industry.”
Transforming the financial landscape
Together, PassPay, EOS Network Foundation and EOS Labs aim to drive the integration of blockchain into the fintech sector, creating transformative opportunities that contribute to the sustainable development of the digital future. This joint effort is poised to introduce transformative advances and pave the way for a new era in secure and efficient financial transactions.
Yoshikatsu Kitano, CEO of PassPay Co., Ltd., expressed his confidence, stating: “Our new partnership with EOS represents an important step in maximizing the potential of blockchain, and we are confident that PassPay will enter a new phase in digital payments takes effect. We look forward to offering our customers an even safer and more efficient service.”
EOS Network Foundation is a leading organization committed to supporting and promoting the blockchain technology and EOS ecosystem. Their core activities include training developers, supporting the community, funding research and strengthening the technological foundation of EOS, with the aim of maximizing the potential of blockchain for a sustainable digital future.
PassPay aims to overcome the “three walls” that hinder the use of cryptocurrencies in everyday life. They released the Japanese Yen stablecoin “JPYW” as a solution to challenges related to price volatility and the underutilization of the borderless nature of cryptocurrencies. In addition to stablecoins, the PassPay Wallet enables managing various cryptocurrencies and NFTs on the blockchain, with a focus on expanding the use cases for JPYW and developing applications to bridge the gap between people and digital life.
Overall, the alliance between PassPay and EOS Network Foundation marks a pivotal moment in the evolution of blockchain technology, promising to deliver enhanced financial services and redefine the future of digital payments. This strategic move not only symbolizes a commitment to technological innovation, but also positions the alliance as a vanguard in shaping the future of blockchain adoption.