WadzChain Unveils Hybrid Blockchain to Boost Global Payments for Businesses

By Gloria Mathias

WadzChain Network, a Singapore-based global innovator in blockchain technology, announced the launch of one of the first hybrid blockchains intended to transform global payments for businesses.

WadzChain’s hybrid blockchain is designed to meet all types of payment needs, including micropayments, high-volume payments, disbursements, perks and more. The company seeks to become the central switch for all payments globally, providing interoperability between all digital currencies, including CBDCs.

Its hybrid architecture (public layer 1, private layer 2) uses proof of stake (PoS) for public consensus and proof of authority (PoA) for private consensus, ensuring fast and secure transactions. Interoperable and compliant with global regulations, WadzChain supports multiple digital assets and payment gateways, offering smart wallet integration, comprehensive payment features, and flexibility allowing businesses to operate in public and private environments. Blockchain is perfect for various businesses and use cases, from small startups to large enterprises.

Anish Jain, founder of the WadzChain network, said: “At WadzChain Network, we leverage our experience in the global payments industry to create a secure and user-friendly payments platform for global businesses. Our vision is to become the central switch for all payments worldwide, providing interoperability between all digital currencies, including CBDCs. As the payments ecosystem evolves, WadzChain will serve as its backbone, providing unparalleled scalability, security and flexibility.

Senior Vice President of the WadzChain Network, Stas Madorski, said: “WadzChain represents a new frontier in global payments, where speed, security and scalability come together seamlessly. Our hybrid blockchain is designed to give businesses the tools they need to thrive in an increasingly connected world. With its hybrid approach, modular infrastructure and the company’s deep understanding of payment demands, we believe WadzChain will become the default blockchain payments platform globally.

With the launch of Testnet, WadzChain invites developers to build the next generation of payment applications on its versatile infrastructure. Blockchain provides developers the freedom to create tailored solutions that address real-world business challenges while taking full advantage of WadzChain’s scalability, security and speed with support for decentralized finance ( Challenge).