Apollo and Sovereign Union to Offer E-Gov’t Solutions in Pacific Region

by Marvin Dumont

Apollo Fintech is announcing a new partnership with blockchain firm Sovereign Union to provide e-government blockchain solutions to 26 countries and independent territories in the Asia Pacific region.

“This exciting partnership brings communities in the Pacific the ability to utilize a cashless economy without the traditional barriers of ePayments, allowing any nation to take part in the cashless revolution,” says Sovereign Union founder Tridib Nandy. “Frictionless commerce via digital stablecoins will empower economies across the Pacific to create new prosperity and to achieve a better economic future.”

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Last month, Apollo Fintech announced the completion of National Payment Platform (NPP), an innovative settlement system that enables a central bank to issue a sovereign, digital currency (stablecoin) for national adoption. This is a pivotal technology that has the potential to power an economy through the use of CBDCs. Pacific governments are exploring ways to exercise rights as an independent jurisdiction and issue a sovereign electronic currency.

The initiative includes pilot programs in Palau and Micronesia. The companies’ proposed ledger applications include the National Payment Platform for the issuance of Central Bank Digital Currencies (CBDC) and the Apollo E-Government Platform. In an effort to transition Pacific-area territories and their largely unbanked population towards an efficient, cashless economy.

Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government Blockchain solutions, as well as pioneer of international mass adoption.

Learn more at aplfintech.com.