Over three million customers and 150,000 shops in Korea now accept crypto payments thanks to Paycoin, a cryptocurrency payments company. Through a cooperation with TripleA, this has accelerated its expansion into the world market for cryptocurrency payments.
Payprotocol AG, the issuer of Paycoin (PCI) announced a partnership (MoU) with TripleA. TripleA is a licensed crypto payments company, to collaborate on building a global crypto payments ecosystem.
This partnership will commence with enabling all Paycoin users to pay with PCI to TripleA’s merchants. Payprotocol AG and TripleA will work closely with government bodies and global financial regulators to ensure full compliance with AML regulations.
TripleA, established in 2017, is a crypto payment company that allows businesses to pay and get paid in digital currencies, volatility free. TripleA’s roster of clients include Razer, and Charles & Keith.
Singapore has become Paycoin’s first international market because to the country’s robust crypto regulatory environment. This is due to the fact that Singapore is one of the few nations to have adopted thorough legislation for enterprises based on cryptocurrencies. As a fully licensed digital payment token service provider in Singapore, TripleA’s partnership will enable Paycoin to build a payment system to be used globally, like it has built for the Korean market.
“Paycoin was founded as payment solution provider, Danal, aims include creating a global payment network. As a result of this partnership, we will continue to maximise the benefit of blockchain technology, and build a global payment network around Paycoin. Furthermore, we will also create a regulated and licensed environment for our partners to operate within. This ensures we won’t be used as a vehicle for illicit activities. These include activities like money laundering,” PayProtocol CEO Ryu said.
“TripleA is happy to partner up with Paycoin as its global payments provider”. Eric Barbier, CEO of TripleA shared. “This is a mutually beneficial partnership that will connect PayProtocol with merchants globally. It will also give TripleA keen insights into the Korean market.”