HashKey Settlement Platform and ONERWAY Partner on On-Chain Payments

HashKey On-Chain's settlement protocol, HSP, and cross-border payment service provider ONERWAY have announced a strategic partnership.

The collaboration aims to develop blockchain-based payment systems and facilitate cross-border commerce. ONERWAY is a traditional Web2 payment institution holding multiple licenses across the UK, Europe, and Hong Kong.

This partnership intends to bridge traditional finance with blockchain technology, offering potentially more efficient and secure payment solutions for global businesses. The venture is expected to accelerate the adoption of new, blockchain-native payment methods in international trade.

Both entities anticipate the collaboration will open new avenues for both Web2 and Web3 businesses by improving the efficiency and reducing the costs associated with money transfers. Further technical details or a specific timeline for the partnership's implementation have not yet been disclosed.