DLTPAY launches MiCA-compliant DeFi app for SME payments

This Tallinn-based startup believes that blockchain can unlock billions in new revenue for small- and medium-sized enterprises (SMEs), but only if they correctly navigate the regulatory landscape.

DLTPAY — recognized as one of the top-100 startups at the influential Paris Blockchain Week 2023 — has unveiled the hotly anticipated v1.0 of its platform. Compliant with the Markets in Crypto Assets (MiCA) regulations, the app promises enhanced transaction speed, security and convenience in digital payments.

The app employs decentralized finance (DeFi) technology to allow businesses to conduct transactions at reduced costs and without intermediaries. The MiCA-compliant DeFi app offers businesses the peace of mind that comes from adherence to the European Union’s regulatory standards on transparency, investor protection and market stability.

Kenneth Kumor, CEO of DLT Payments, said:

“Our vision has always been to lead in the integration of decentralized finance into business ecosystems. The launch of the DLTPAY platform is a significant step in that direction, providing a cost-effective, secure and regulatory-compliant solution to SMEs.”

DLTPAY’s DeFi application will revolutionize the way SMEs approach digital transactions, offering them the advantages of lower transaction fees, quicker settlement times and improved security measures. By employing smart contracts, the platform ensures that transactions are self-executing and self-verifying, thereby reducing reliance on traditional intermediaries.

DLTPAY’s move to launch a MiCA-compliant DeFi app underscores its commitment to align with regulatory norms and its dedication to maintaining transparency. This commitment serves to build trust in a sector that is often perceived as unregulated and opaque.

About DLTPAY

DLTPAY provides an all-in-one DeFi and payments platform on top of the EVM Layer-2 ecosystem, tailored for SMEs and enterprises. The platform incorporates features such as cross-chain swaps, staking, analytics, payroll system, and stablecoin invoicing and accounting functionality.

Socials

YouTube

Twitter

Facebook

Instagram

Telegram

Discord

This publication is sponsored. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.