With the system, the Brazilian fintech company wants to handle 5 thousand crypto transactions later this year
SÃO PAULO, June 27, 2022 /PRNewswire/ -- Just seven months after CloudWalk, which provides payment solutions for small and medium-sized businesses, announced it had raised US$150 million in a new investment round and had reached a market valuation of US$2.15 billion, the Brazilian fintech company achieved a new milestone: it will launch its own blockchain, a ledger that that records cryptocurrency transaction and operations.
(PRNewsfoto/CloudWalk)
The goal, which is already being met, is to escalate the business. With its own network, it can handle 500 transactions per second - 70 times more than before, when it was based on blockchain platforms such as Ethereum and Polygon. And the goal for the coming months is bold: to handle 5,000 transactions per second.
Luis Silva, founder and CEO of CloudWalk, wants to make money move at the speed of light. "Blockchain enables this...
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