This transaction marks a significant advancement in the practical commercial applications of blockchain technology in supply chain finance and other areas.
As a next-generation payment infrastructure provider, PolyFlow is leveraging cutting-edge decentralized technology to drive the expansion of on-chain finance. Recently, PolyFlow announced a deepened collaboration with innovative payment solutions and leading fintech company Pelago Labs. Last month, two vendors successfully obtained an on-chain loan of 1 million USDC from Trusta Labs on the Pelago supply chain finance (SCF) platform, supported by PolyFlow's PayFi protocol, with the transaction completed via the Stellar network.
This transaction marks a significant advancement in the practical commercial applications of blockchain technology in supply chain finance and other areas. The deep integration of PolyFlow's PayFi protocol with the Pelago SCF platform provides liquidity to small and medium-sized enterprises (SMEs), allowing them to obtain financing before receiving payments from buyers without relying on traditional banks. This groundbreaking development significantly promotes the advancement of financial inclusion, helping businesses facing cash flow challenges overcome funding turnover difficulties and ensuring that business operations are not affected by payment cycle delays.
Raymond Qu, co-founder of PolyFlow, shared his views on the achievements of this collaboration:
"This achievement demonstrates the transformative power of blockchain technology in the field of supply chain finance. Through our partnership with Pelago, we provide decentralized financial solutions for SMEs, eliminating liquidity constraints and enabling them to access operational funding more smoothly. This is just the beginning of the global trade finance transformation, and we expect blockchain-driven solutions to play a significant role in businesses of various sizes."
The impact of blockchain finance on traditional industries is rapidly expanding. Cryptocurrency-backed financing solutions provide businesses with new avenues to obtain the operational funds they need without relying on traditional banks or financial intermediaries. This emerging financial model is bridging the financing gap for SMEs and offering more flexible and accessible financial tools.
The successful transactions between Pelago Labs, Trusta Labs, and the vendors indicate that blockchain-based financing is not just a proof of concept but a truly viable business solution. With the help of PolyFlow's PayFi protocol, the Pelago SCF platform is pioneering a new model of credit issuance, utilizing digital assets to enhance liquidity and support business growth.
Looking ahead, the collaboration between PolyFlow and Pelago Labs will continue to expand financing opportunities for global SMEs. Both parties will focus on driving decentralized financial innovation, ensuring that businesses of all sizes can access efficient and reliable financing support. This collaboration highlights PolyFlow's commitment to reshaping global trade finance and aims to enable more businesses to enjoy financial services that were previously limited to large companies or traditional banking systems.
About PolyFlow
PolyFlow is a pioneer in the PayFi infrastructure space, dedicated to promoting the mainstream application of blockchain payments. PolyFlow has processed over $200 million in transaction volume and has established partnerships with industry giants such as Ripple, Stellar, and Solana. With advanced technology, PolyFlow helps businesses adopt decentralized financial solutions, streamline payment processes, and enhance financial accessibility.
About Pelago
Pelago Labs, headquartered in Vancouver, Canada, is a leading fintech company focused on innovative payment solutions. The company has a strong compliance foundation and collaborates with licensed financial institutions to ensure payment security and regulatory compliance. Pelago possesses deep expertise in both traditional finance (Web2) and blockchain finance (Web3), helping businesses optimize payment processes and achieve seamless integration between traditional finance and blockchain technology.
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