Korea Pay as you go Card Invests in Blockchain-As-A-Provider Corporation Bezant


Korea Pay as you go Card has created a major financial commitment in Singapore-based mostly Bezant, turning into the blockchain developer’s second biggest shareholder. The news arrives from an announcement on Bezant’s site.

The phrases of the deal were being not disclosed and the actual break up is remaining held private by arrangement involving the two firms, in accordance to the the launch.

Given that April 2019, Bezant has been presenting Blockchain-as-a-Provider (BaaS) making use of Hyperledger Fabric technological know-how. It also has a coin of its personal, the BZNT, rated about quantity 320 in phrases of capitalization at about $8 million. In 2018, Bezant attained the swiftest-increasing ICO in Asia, marketing out available tokens in considerably less than an hour.

The company has signed a quantity of partnerships. It is working with Hanjudo, a South Korean fintech, Thailand’s Nova Understanding,  Chequer, a South Korean database management company, and Transwiz, a Thai peer-to-peer loan company. In June, Bezant announce that it would be signing up for Binance, and its token started investing on Binance DEX on July 7.

Korea Pay as you go Card is an conclusion-to-conclusion solution provider for pre-paid cards and other relevant companies, this kind of as vouchers, digital cards, pin-code cards and barcode-based mostly discount coupons. It handles publishing, distribution, payment and settlement and has been building technological know-how to hyperlink the a variety of participants in the pre-paid value chain in genuine time.

Bezant’s announcement suggests that the prepaid card current market in Korea is valued at $10 billion.

Bezant already has a potent South Korea link. Its chief cryptocurrency officer is Daesik Kim, is also co-founder of Bithumb, a South Korean trade rated 23rd in the world. The lead engineer for the company is Jeyce Jung, who was previously a lead software package developer at KakaoPay specializing in fraud detection.

Substantially of South Korea’s crypto-relevant exercise is centered in Singapore, as authorities in the property current market do not let ICOs, and the banking technique is limited in working with exchanges.

Image via Shutterstock.