TechFlow News – On March 11, 2021, Southeast Asian fintech group Lightnet announced the acquisition of shares in Bitazza, Thailand’s leading digital asset broker, raising $6 million to advance its growth and expansion plans. This acquisition establishes a strategic partnership among Bitazza, Lightnet, and Velo Labs, aiming to create a next-generation financial ecosystem by seamlessly connecting traditional finance with global digital networks, enabling smoother pathways between fiat and cryptocurrencies. The collaboration will provide millions of Thai users with access to international markets. Starting from Thailand, the initiative aims to challenge SWIFT by offering low-cost, near real-time, and interoperable financial services, thereby accelerating the mass adoption of blockchain technology across Asia.
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