Key Takeaways
- VIA Science, Inc. (VIA) has partnered with Kura Technologies Inc. (Kura) to secure payments sent through Kura’s merchant remittance and disbursement network to beneficiaries in Haiti.
- The partnership aims to reduce fraud and provide a seamless, end-to-end digital financial solution for distributing financial aid.
- VIA’s Zero Trust Fabric (VIA ZTF) and ultra-secure, ultra-simple wallet technology will be integrated with Kura’s merchant remittance application to support secure, cross-border payments.
- The collaboration expands upon the Stellar Development Foundation and Hope for Haiti initiative, which delivered over $200,000 in safe, cashless aid to mothers facing financial hardship using VIA’s wallet technology.
- The partnership will provide peace of mind to individuals supporting those in need abroad, ensuring that funds reach the intended recipient safely, securely, and with greater transparency.
Introduction to VIA and Kura Partnership
The partnership between VIA Science, Inc. (VIA) and Kura Technologies Inc. (Kura) aims to support safer, more secure cross-border payments to beneficiaries in Haiti. By integrating VIA Zero Trust Fabric (VIA ZTF) and ultra-secure, ultra-simple wallet technology with Kura’s merchant remittance application, individuals and organizations can send funds to relatives and other beneficiaries for use at local merchants in Haiti. This collaboration expands upon the Stellar Development Foundation and Hope for Haiti initiative, which delivered over $200,000 in safe, cashless aid to mothers facing financial hardship using VIA’s wallet technology.
Securing Payments through VIA’s Technology
VIA’s Zero Trust Fabric (VIA ZTF) and ultra-secure, ultra-simple wallet technology will be used to secure payments sent through Kura’s merchant remittance and disbursement network. This technology provides a seamless, end-to-end digital financial solution for distributing financial aid, reducing fraud and physical risks associated with carrying, storing, or redistributing cash. The approach ensures funds are received by merchants with reduced fraud and fees, which reportedly impact merchant profits by 15% to 20%. Stablecoins will be used to mitigate ongoing concerns in environments where financial stability and physical security are not guaranteed.
Kura’s Merchant Remittance Application
Kura’s technology establishes a flow of funds directly to vetted merchants, rather than individual recipients. Instead of cash, recipients receive a credit to purchase food and other necessities at the point of sale, requiring only SMS or text capability. Merchants are then able to verify balances and complete cashless transactions. This integration provides a trusted distribution layer that reduces fraud and risk while remaining practical for last-mile recipients. Kura’s compliance-first infrastructure enables secure and transparent money movement into last-mile markets across the Caribbean and Central America.
Benefits of the Partnership
The partnership between VIA and Kura will provide peace of mind to individuals supporting those in need abroad, ensuring that funds reach the intended recipient safely, securely, and with greater transparency. The integration of VIA’s technology with Kura’s merchant remittance application will reduce fraud and provide a seamless, end-to-end digital financial solution for distributing financial aid. This collaboration will also expand upon the Stellar Development Foundation and Hope for Haiti initiative, which delivered over $200,000 in safe, cashless aid to mothers facing financial hardship using VIA’s wallet technology.
About VIA and Kura
VIA is the trusted Web3 technology partner to the Pentagon and Fortune 100 companies around the globe, driven to make mission-critical digital assets accessible anywhere, anytime, through ultra-secure, ultra-simple technology. Backed by 19 issued patents, VIA’s quantum-resistant, passwordless, military-grade technologies safeguard customers’ most valuable digital assets from human and AI agent threats. Kura supports cross-border payments—including B2B aid disbursements, merchant payments, remittances, and trade—in markets where traditional payment rails are limited or unreliable. Its compliance-first infrastructure enables secure and transparent money movement into last-mile markets across the Caribbean and Central America.
Conclusion
The partnership between VIA and Kura is a significant step towards securing payments sent through Kura’s merchant remittance and disbursement network to beneficiaries in Haiti. The integration of VIA’s Zero Trust Fabric (VIA ZTF) and ultra-secure, ultra-simple wallet technology with Kura’s merchant remittance application will provide a seamless, end-to-end digital financial solution for distributing financial aid, reducing fraud and physical risks associated with carrying, storing, or redistributing cash. This collaboration will provide peace of mind to individuals supporting those in need abroad, ensuring that funds reach the intended recipient safely, securely, and with greater transparency.