Safe’s Safenet, a decentralized transaction processor network, plans to launch in 2025 with the goal of enabling instant cross-chain payments through a single user account. Co-founder Lukas Schor emphasized that the network seeks to replicate the speed and reliability of VisaNet, which guarantees payment processing for merchants. Safenet is designed as a connecting layer between existing blockchains and is powered by processors that facilitate transactions while implementing necessary security and compliance checks similar to those in traditional finance. The network will temporarily reserve assets on user accounts, enabling processors to debit users for real-time transactions. The ecosystem will be supported by the SAFE Token, incentivizing validators and potentially enabling under-collateralized loans, where processors could offer funds based on user relationships. An alpha version of the protocol is expected in Q1 2025, progressing toward a full version later in the year.

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