Vancouver, Canada, February 19, 2025 – PolyFlow, a next-generation payment infrastructure provider leveraging cutting-edge decentralization technology, is pleased to announce a significant milestone in the expansion of on-chain finance. The company has deepened its collaboration with Pelago, an industry-leading on-chain supply chain finance (SCF) platform. As part of this strengthened partnership, a supplier successfully secured a $300,000 USDC on-chain loan from creditor Trusta Labs on the Stellar network, via the Pelago SCF platform powered by PolyFlow’s PayFi protocol.
This transaction marks a critical achievement in advancing the adoption of blockchain technology in real-world business applications, particularly in the supply chain finance sector. PolyFlow’s PayFi protocol, integrated with Pelago’s SCF platform, is providing small and medium-sized enterprises (SMEs) with access to liquidity, allowing them to access financing before receiving buyer payments and without reliance on traditional banks. This represents a major leap forward in driving financial inclusivity for businesses that face cash flow challenges, ensuring that companies can continue operations without being hindered by delays in payment cycles.
Raymond Qu, co-founder of PolyFlow, shared his thoughts on this milestone:
“This achievement is a testament to the power of blockchain technology in revolutionizing supply chain finance. By partnering with Pelago, we are enabling SMEs to access decentralized financial solutions that eliminate liquidity constraints and streamline their access to working capital. This is just the beginning of a larger transformation in global trade finance, where we foresee blockchain-powered solutions playing an essential role in empowering businesses of all sizes.”
The growing impact of blockchain-powered finance on traditional industries cannot be overstated. The use of cryptocurrency-backed financing solutions is opening new avenues for businesses to secure the working capital they need without being dependent on traditional banks or financial intermediaries. This paradigm shift is helping bridge the gap for underserved SMEs and offering more flexible and accessible financial tools.
The successful transaction between Pelago, Trusta Labs, and the supplier represents a clear indication that blockchain-based financing is not just an experimental technology but a viable, real-world solution for businesses. By utilizing PolyFlow’s PayFi protocol, Pelago is pioneering a new way for creditors to extend credit using digital assets, enhancing liquidity and fostering business growth.
Looking ahead, PolyFlow’s partnership with Pelago will continue to expand opportunities for SMEs around the world. The focus will remain on driving innovation in decentralized finance and ensuring businesses, regardless of size, can access efficient and reliable financing. This collaboration underscores PolyFlow’s commitment to reshaping global trade finance and expanding access to financial solutions that were once limited to large corporations or traditional banking systems.
About PolyFlow
PolyFlow is a trailblazer in the world of PayFi infrastructure, advancing the mainstream adoption of blockchain in payments. With over $200 million in processed transactions, PolyFlow is working to bridge the gap between traditional finance and blockchain, partnering with major players such as Ripple, Stellar, and Solana. Through its cutting-edge technology, PolyFlow enables businesses to adopt decentralized financial solutions, simplifying payment processes, and improving accessibility for a broader audience.
About Pelago
Pelago is a leading on-chain supply chain finance platform designed to help businesses, especially SMEs, access decentralized financing solutions. By utilizing blockchain technology, Pelago enables companies to streamline cash flow management and bridge liquidity gaps. The platform connects creditors, suppliers, and buyers in a seamless, decentralized ecosystem, providing businesses with new funding opportunities that bypass the traditional banking system. Pelago is committed to expanding financial inclusivity and ensuring that underserved enterprises have the resources necessary to thrive in the global economy.
Contact: The PolyFlow Communications Team
Email: press@polyflow.com
Website: www.polyflow.com
