South Korea’s NHN KCP Partners with Ava Labs to Build Crypto Payment Layer 1 on Avalanche

TLDR: NHN KCP partners with Ava Labs to develop a payments-focused Layer 1 blockchain on Avalanche infrastructure. The network targets sub-second payment authorization with onchain encryption for secure merchant transactions. Ava Cloud will enable NHN KCP to deploy and manage a customizable blockchain for real-world payment use cases. The project also explores stablecoins, tokenized deposits, [...]

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