San Francisco-based crypto-payment systems developer Six Clovers has released Versal Network, a payments network built on Sui that allows businesses to carry out cross-border transactions. Reporting by oknightcrypto.
"Our vision of unlocking the power of on-chain digital assets for the next billion users is being made possible on Sui," said Jim Nguyen, co-founder and CEO of San Francisco-based Six Clovers."The way to do this is to close the gap between established e-commerce and Web3 commerce, by abstracting the blockchain and making the infrastructure invisible to customers."
The Versal Network programming hooks give businesses the opportunity to integrate the network into their existing technology stacks, allowing them to transact in stablecoins and central bank digital currencies .. In comparison, Optimism, another layer 1 blockchain, has $795 million.
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