WadzChain unveils Hybrid Blockchain to boost global payments for businesses

By Gloria Mathias

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

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

Its hybrid architecture (Layer 1 public, Layer 2 private) uses Proof of Stake (PoS) for public consensus and Proof of Authority (PoA) for private consensus, ensuring fast, 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 for businesses to operate in both public and private environments. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises.

Anish Jain, Founder of WadzChain Network, said, “At WadzChain Network, we are leveraging our experience in the global payment industry to create a secure and user-friendly payments platform for global enterprises. Our vision is to become the central switch for all payments globally, providing interoperability across all digital currencies, including CBDCs. As the payment ecosystem evolves, WadzChain will serve as the backbone, offering unparalleled scalability, security, and flexibility.”

Senior Vice President at 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 empower businesses with 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 that WadzChain will become the default blockchain payments platform globally.”

With the Testnet launch, WadzChain invites developers to build the next generation of payment applications on its versatile infrastructure. The blockchain offers 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 decentralised finance (DeFi) support.