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Ternoa, the ZKEVM L2, centered on Payfi, announces the launch of Athar, a decentralized consumption financing protocol in partnership with Arab Financial Services (AFS), a leading PSP in the CCG region with more than 288 million Transactions processed in 2023, on 33k terminal POS.
Athar will provide cryptographic payment, the financing of decentralized receivables and DEFI cash management solutions to financial institutions. Based to water, Athar builds a fully regulated consumer financing protocol and a DEFI gateway using stablecoins and improved AI interfaces to integrate transparently into existing retail managers. Athar is connected to the agglayer via Ternoa Zkevm, giving access to unified liquidity through the Polygon and Ethereum ecosystem.
In 2025, ATHAR will begin to process Crypto payment services thanks to a first implementation with AFS, before launching consumer funding features and Defi Gateway via more intermediaries.
“As Vitalik Buterin mentioned, the next web 3 step is to provide real return to DEFI. The consumer payment and financing industries are gigantic and integrate them on Ethereum will change the situation for the industry and the global adoption of web3 technologies ” Mickael Canu, founder and CEO of Ternoa
Ternoa is an ZKEVM infrastructure optimized for payments and cases of use of consumer financing taking advantage of validity for instant transactions, available for modular profitability for profitability and minimized in trust with the evidence of integrity of the tee integrity .
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