Revolutionizing Payments: OwlPay Harbor's Innovative Launch
OwlTing Group Introduces OwlPay Harbor™
The Company has officially embraced its role as a Stellar Anchor, enabling seamless API integration for Web3, DeFi, and digital wallet companies. This innovative step marks a significant milestone in the evolution of digital payment systems.
Groundbreaking Digital Payment Infrastructure
OwlTing Group, a global leader in blockchain fintech, proudly announces the launch of OwlPay Harbor™, a next-generation digital payment infrastructure. This service allows users to effortlessly convert between traditional U.S. dollars (USD) and USDC, a significant stablecoin, thereby meeting the growing demand for efficient fiat-to-crypto asset solutions.
Integration with Stellar Network
By becoming an official Anchor on the Stellar network, a premier payment ecosystem, OwlPay Harbor™ elevates its service offerings. The Stellar network is known for its ability to process $4.8 billion in transactions, along with connecting over 9 million active addresses worldwide. Through this partnership, OwlPay Harbor™ enhances fiat on/off-ramping, significantly minimizing transaction costs typically incurred during traditional integrations.
Streamlined Compliance and Accessibility
With advanced APIs and comprehensive compliance coverage across 31 U.S. states, OwlPay Harbor™ stands as a trusted partner for Web3 and decentralized finance enterprises. Plans are also underway to secure additional licenses in other key regions, broadening access for users globally.
Visionary Leadership and Strategic Foundations
"OwlPay Harbor™ embodies our commitment to bridging traditional finance with digital assets across various platforms," said Darren Wang, Founder and CEO at OwlTing Group. The robust regulatory backing of the Stellar network serves as a foundational strength for their offerings, helping business clients navigate the complex landscape of digital transactions.
Building a Bright Future Together
Denelle Dixon, CEO and Executive Director at the Stellar Development Foundation, expressed enthusiasm about this partnership. She remarked, "OwlPay Harbor™ aligns perfectly with our mission to enhance access to the global financial system. As the first Asia-based Anchor partner, OwlTing is pivotal in furthering the adoption of Stellar-powered services globally. Together, we'll eliminate barriers and promote greater financial inclusion."
Commitment to Compliance and Security
OwlTing Group prioritizes compliance and integrity, collaborating with notable partners such as Chainalysis and Sumsub to ensure robust KYC and AML practices. Furthermore, the achievement of ISO 27001 certification underscores the Company’s dedication to minimizing cyber risks, establishing itself as a reliable enterprise solution for USD/USDC conversion.
Future Expansion Plans
The Company aims to broaden the OwlPay Harbor™ infrastructure beyond Stellar to key blockchain networks like Ethereum, Base, and Solana. This expansion creates a versatile and unified API experience for businesses navigating the rapidly evolving blockchain environment.
Key Features of OwlPay Harbor™
- Easy Integration: Supports Stellar protocols for fast, low-cost, and secure transactions.
- Quick On/Off-Ramp: Provides Bank ACH and wire services for smooth fiat deposits.
- Reduced Cost: Minimizes third-party involvement while providing a competitive USD/USDC exchange rate.
- Strong Regulatory Compliance: Ensures compliance across 31 U.S. states, supported by reliable KYC and AML processes.
- Enterprise-ready APIs and Support: Offers established APIs with dedicated technical assistance.
About OwlTing Group
Founded in 2010, OwlTing is a notable blockchain fintech company headquartered in Taiwan, with branches across the U.S., Japan, Singapore, Hong Kong, Thailand, and Malaysia. Recognized as one of the Leading Emerging Giants in Taiwan, OwlTing continues to lead the charge in digital transformation of payment processes, empowering businesses globally.
About Stellar
Stellar acts as a connector for the world's financial infrastructure, facilitating low-cost and fast transactions through its innovative and decentralized network. It opens doors for builders and financial services worldwide to engage and convert currencies with real-time efficiency.
About the Stellar Development Foundation
Established in 2014, the Stellar Development Foundation is a non-profit committed to advancing the Stellar network and enhancing global economic access through blockchain technology. The Foundation plays a critical role in maintaining Stellar's codebase and fostering community development.
Frequently Asked Questions
What is OwlPay Harbor™?
OwlPay Harbor™ is a digital payment infrastructure launched by OwlTing Group allowing users to convert between USD and USDC seamlessly.
How does OwlPay Harbor™ integrate with Stellar?
OwlPay Harbor™ functions as a Stellar Anchor, facilitating user deposits and the issuance of digital tokens on the Stellar network.
What geographical areas does OwlPay Harbor™ serve?
The service currently covers 31 U.S. states with plans to expand into international markets.
What are the compliance measures taken by OwlTing?
OwlTing employs stringent KYC and AML procedures with partners like Chainalysis and Sumsub, ensuring high compliance standards.
What is the future outlook for OwlPay Harbor™?
Future plans include expansion to other blockchain networks such as Ethereum, Base, and Solana to provide broader API service capabilities.
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