The Aleo Network Foundation, the non-profit behind the ALEO Network, has announced a new partnership with Request Finance, a crypto payroll platform. This collaboration aims to improve borderless crypto payments for companies while emphasizing privacy.
Goals of the Partnership
The agreement between Aleo and Request Finance aims to introduce enhanced borderless crypto payments that provide the same level of privacy expected from traditional banking systems. The partnership highlights the growing interest among blockchain users for increased privacy and selective disclosure, all while enjoying the borderless benefits of blockchain.
Advantages of Aleo Technology
Aleo’s system is known for its focus on privacy. It allows companies and individuals to make payments that are secure and programmable while keeping personal information and transaction details hidden. This is especially important concerning payroll as companies will be able to pay employees automatically while maintaining the confidentiality of salary information and complying with regulations.
Response and Results of the Integration
Following the testing of Aleo’s technology with private payments, the partnership is now fully rolled out. Request Finance users can instantly access Aleo’s privacy-focused features on the platform. Regarding the integration, Aleo co-founder Howard Wu stated, "At Aleo, we believe privacy isn’t just a feature: it’s a requirement for bridging traditional finance and blockchain technology."
Since the integration began, Request Finance has already processed $3.7 million worth of ALEO tokens within just a few weeks.
The partnership between Aleo Network and Request Finance opens up new possibilities for providing private crypto payments, which is crucial for ensuring the security of companies' financial information and enhancing trust within the blockchain ecosystem.
