Paycoin to be expanding its Partnership with Various Projects, enabling Real Life Payment for Virtual Assets

Greetings from the Paycoin team!

As one of the world’s first real-life payment gateway for virtual assets, Paycoin (PCI) is actively exploring the opportunities to accelerate the development progress and partnership with other projects.

We have been aggressively expanding its virtual asset payment market that is based on Paycoin (PCI), and we are thrilled to announce that we have completed registering as one of Tokamak Network’s DAO candidates to become Tokamak Netowrk’s staking partner as of today. With the launch of Bitcoin (BTC) payment service that went live last month, we plans to acquire different know-hows on various partnerships that we are going to in the future.

Paycoin has signed a strategic partnership with Tokamak Network in April, and by becoming of its staking partner, we plan to expand our service areas, including staking service for Tokamak Network’s token — TON, seamless exchange between PCI and TON, as well as payment services based on TON and more.

One of our future focus is to collaborate with various blockchain network, and create an environment where different virtual assets and digital currencies around the world can be used in our daily life. Currently, Paycoin has more than 70,000 merchants in Korea including convenient stores, movie theater, book stores, F&B franchises etc., as well as more than 30 million UnionPay merchants globally. Within 2 years since we launched our service, we have grown our business into a platform that enables virtual assets to be used in daily life and have acquired more than 2 million users.

“Through participating as one of the staking partners, we expect to expand our business scope with TON. Together with the Bitcoin payment service launched recently and this partnership, we will actively look for more opportunities to cooperate with decent virtual assets based projects that scale and grow globally. We expect that Paycoin platform can solve all the payment needs that most projects have been trying to solve.” — Yong Taek Hwang, CEO of Danal Fintech.

About Tokamak Network

Tokamak Network is an on-demand Ethereum layer platform that offers several layer 2 solutions tailored to Dapp’s needs, including speed and fee improvements, enabling users to build custom blockchain easily. In particular, Onther, the developer of the Tokamak Network, is expanding its business by participating in the CBDC (Central Bank Digital Currency) simulation led by the Bank of Korea through its partnership with Ground X.

Website | Telegram | Twitter | Tokamak DAO

About Paycoin

Paycoin is a blockchain project that is providing the virtual asset based payment service. As a subsidiary of “Danal” — an integrated payment solution provider — Danal Fintech provides virtual asset payment services based on Paycoin blockchain, which reduces the intermediaries in the existing payment process, enabling lower transaction fees and faster settlement cycles to merchants, and a safe and convenient payment environment to users. Paycoin is the first virtual asset that is being commercialized as payment in Korea, and we aim to lead this new payment market and drive adoption for the service.

Website | KakaoTalk(KR) | Kakao Channel(KR) | Telegram(ENG) | Twitter(ENG) | Facebook(KR) | Paycoin Wallet(KR) | Paycoin Global Wallet