PlatOn Releases Tokenized Open Payment Operating System (TOPOS)

Privacy-preserving AI network PlatOn announced the launch of TOPOS, Tokenized Open Payment Operating System, which is built on PlatOn, at the "Global Payments in WEB3" forum at Web3 Festival 2023 in Hong Kong.

Adhering to the OPEN LOOP multi-party architecture, TOPOS is an open payment and clearing operating system based on blockchain. With its payment core based on Tokenized Money, TOPOS aims to allow users to mint money and transfer value in a controlled and secure manner in Web3.

Anyone can assemble the final payment and clearing service in the ecosystem through the underlying blockchain capabilities provided by TOPOS. Merchants and users can hold Web3 assets in a non-custodial manner and make payments and exchange value in accordance with the standards developed by acquiring institutions, wallet institutions, and Tokenized Money payment scenario standard setters.

TOPOS aims to build a multi-party payment and clearing architecture based on multi-party consensus with global developers, issuing institutions, acquiring institutions, wallets, and other third-party specialized service institutions under the global regulatory compliance framework.

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