This Tallinn-based startup believes that blockchain can unlock billions in new revenue for small- and medium-sized enterprises (SMEs), but only if they correctly navigate the regulatory landscape.
DLTPAY — recognized as one of the top-100 startups at the influential Paris Blockchain Week 2023 — has unveiled the hotly anticipated v1.0 of its platform. Compliant with the Markets in Crypto Assets (MiCA) regulations, the app promises enhanced transaction speed, security and convenience in digital payments.
The app employs decentralized finance (DeFi) technology to allow businesses to conduct transactions at reduced costs and without intermediaries. The MiCA-compliant DeFi app offers businesses the peace of mind that comes from adherence to the European Union’s regulatory standards on transparency, investor protection and market stability.
Kenneth Kumor, CEO of DLT Payments, said:
“Our vision has always been to lead in the integration of decentralized finance into business ecosystems. The launch of the DLTPAY platform is a significant step in that direction, providing a cost-effective, secure and regulatory-compliant solution to SMEs.”
#DLTPAY Beta Release Announcement 🎉
The big day has arrived! Today, we’re officially announcing our open beta.
Launch dApp 🔮👉 https://t.co/tXDIjNTm5S
Read the full announcement: https://t.co/AuBZ9cN2vD pic.twitter.com/m7HTfdbnNI
— DLT Payments (@dltpay) May 31, 2023
DLTPAY’s DeFi application will revolutionize the way SMEs approach digital transactions, offering them the advantages of lower transaction fees, quicker settlement times and improved security measures. By employing smart contracts, the platform ensures that transactions are self-executing and self-verifying, thereby reducing reliance on traditional intermediaries.
DLTPAY’s move to launch a MiCA-compliant DeFi app underscores its commitment to align with regulatory norms and its dedication to maintaining transparency. This commitment serves to build trust in a sector that is often perceived as unregulated and opaque.
DLTPAY provides an all-in-one DeFi and payments platform on top of the EVM Layer-2 ecosystem, tailored for SMEs and enterprises. The platform incorporates features such as cross-chain swaps, staking, analytics, payroll system, and stablecoin invoicing and accounting functionality.
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