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Lead EOS Network developer, the EOS Network Foundation (ENF), has formed an alliance with PassPay, a Tokyo-based crypto payments company. PassPay will integrate the EOS Network into its wallet and develop new applications for crypto payments that leverage EOS’s low-fee environment. The collaboration aims to develop optimized financial services using blockchain technology, with PassPay focusing on the application layer and ENF providing technical support for integrating EOS Network.PassPay has previously developed PassPay Wallet, a mobile wallet for managing multiple cryptocurrencies and NFTs. They have also created JPYW, a stablecoin based on the Japanese Yen. With the integration of EOS Network, PassPay is expected to expand the use cases for JPYW.EOS Network has positioned itself well for the current DeFi boom, as its low fees make it more accessible to users compared to other layer1s like Ethereum. The recent release of the EOS EVM, which allows developers to launch dapps created using Solidity, has further improved EOS’s potential for decentralized finance.EOS has been gaining credibility among developers and partners, particularly since the ENF took over. The recent upgrade to v0.6.0 of the EOS EVM has enabled trustless bridging of USDT, bringing more liquidity to the network. With PassPay committed to building on EOS, the future looks promising for the network, which has seen a 27% increase in its native asset’s price in the past month.Overall, this alliance between ENF and PassPay has the potential to usher in a new era of innovation and mass adoption for EOS.