Brazil's CloudWalk launches own blockchain

The company provides payment solutions for small and medium-sized businesses, had previously raised USD 150 million in a new investment round and had reached a market valuation of USD 2.15 billion.

The goal, which is already being met, is to escalate the business. With its own network, it can handle 500 transactions per second - 70 times more than before, when it was based on blockchain platforms such as Ethereum and Polygon. And the goal for the coming months is to handle 5.000 transactions per second.