NHN KCP Teams With Ava Labs for Avalanche Payments Chain
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NHN KCP and Ava Labs will build an Avalanche-based private Layer 1 payments chain via Ava Cloud for commercial transactions, enabling merchant-level customization and enterprise deployment. The network targets sub-second payments with encrypted on-chain data to prioritize security and real-world payment integration. The partnership accelerates Avalanche adoption and network utility in crypto payments and enterprise blockchain use, potentially supporting future token/usage growth (security, adoption, payments).
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- NHN KCP and Ava Labs partner to build an Avalanche-based payments Layer 1 network.
- Project targets sub-second payments with encrypted data and merchant customization.
- NHN KCP says the partnership combines payment expertise with blockchain for commercial use.
South Korean payments provider NHN KCP has entered into a memorandum of understanding with Ava Labs to develop a payments-focused Layer 1 blockchain on the Avalanche network, marking a step toward integrating blockchain infrastructure into real-world payment systems.
The alliance centers on building a private mainnet tailored for commercial transactions, with a focus on speed, data security, and merchant-level customization. The project will leverage Ava Cloud, a service that enables enterprises to deploy and manage their own Layer 1 blockchains.
Payment Network Development
Under the agreement, NHN KCP an…
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