Over the past couple of months, TOPOS have been steadily building and integrating new partnerships across various countries and continents to ease cross-border payment to remittance and I must say, the volume achieved thus far is mind blowing.
Earlier in July, PlatON made a publication via their monthly report announcing how much partners in UAE and Philippines are expected to remit after a successful testing phase which led to a stable phase to a sum of 500k AED daily.
Partners in the UAE and the Philippines have completed transaction testing and have entered a stable phase of business development. Daily remittances of nearly 500,000 AED will be conducted between partner institutions using PlatON’s smart contracts for the exchange of information and funds.
Its been several months since then and PlatON lastest monthly report shows how far TOPOS have come highlighting it's recent remittance in millions of dollars
The business is steadily progressing, with nearly 2 million USD in remittance transactions completed in August.
The above goes to show that while many platforms are able to make the talk, only a selected few actually execute and happy to say PlatON and TOPOS is one of the fews.
Moving forward, PlatON/Topos don't plan to settle for existing remittance volume but more partnership integration are in works and this can been seen from PlatON September report which reads
Efforts are underway to establish remittance channels in Ghana, Malaysia, Indonesia, Thailand, and Vietnam.
Based on past and existing feature, the above might actually be integrated in weeks, or months from the date of announcement. What are your thoughts on this? Do leave a comment or two behind.