Bosonic, a decentralised Financial Market Infrastructure (dFMI) business, has announced that it has been selected by WadzPay, a blockchain payments company, to support the delivery of a point-of-sale (POS) capability with integrated crypto conversion that leverages Bosonic’s global network of liquidity.
“The Bosonic team and technology provide a great partnering opportunity to support the WadzPay vision as we expand our global use cases to offer merchant acquirers a scalable, cost-effective, risk-free and instantaneous POS digital currency payments solution. I look forward to a long successful partnership.”
Bosonic will enable WadzPay to provide a crypto-to-fiat conversion as part of its POS solution for blockchain payments, using Bosonic’s proprietary payment vs. payment (PvP) technology to eliminate counterparty credit and settlement risk.
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Jason Nabi, CRO of Bosonic, said, “We are delighted to have been selected by WadzPay as their core infrastructure partner in POS crypto conversion. By accessing the Bosonic Network™ for crypto liquidity and risk-free transactions across our Layer-2 infrastructure, it enables WadzPay and their merchant clients to eliminate the need for bilateral credit and settlement risk in the digital asset markets.”
Anish Jain, Founder & Group CEO of WadzPay, added “The Bosonic team and technology provide a great partnering opportunity to support the WadzPay vision as we expand our global use cases to offer merchant acquirers a scalable, cost-effective, risk-free and instantaneous POS digital currency payments solution. I look forward to a long successful partnership.”
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Founded in 2016, Bosonic is a leading decentralised financial market infrastructure “dFMI” company with offices in San Francisco, New York, and London, providing best-in-class infrastructure that eliminates counterparty credit and settlement risk in Digital Asset markets.
The Bosonic Network™ provides institutional clients with a patented solution that is liquidity and custodian agnostic, enables tokenisation of assets and collateral, provides liquidity aggregation and DMA to the best Exchanges and Market-Makers, and at the core, runs real-time payment vs payment (PvP) atomic execution and settlement, with cross-margining, cross-custodian net settlement, and payments.
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