- Paycoin, a digital currencies payments company with more than 3 million users and 150,000 merchants in Korea, announced a strategic partnership with Triple-A, a licensed digital currencies payment gateway
- This partnership serves to further PayProtocol’s efforts in building a global payment network around Paycoin.
22 Nov, 2022, Singapore – ‘Paycoin’, a digital currencies payments company that has successfully introduced digital currencies payment services to more than 3 million users and 150,000 merchants in Korea, has kickstarted its expansion into the global digital currencies payments market through a partnership with ‘TripleA’.
‘Payprotocol AG’, the issuer of ‘Paycoin (PCI)’ announced a partnership (MoU) with ‘TripleA’, a licensed digital currencies payments company, to collaborate on building a global digital currencies payments ecosystem.
This partnership will commence with enabling all Paycoin users to pay with PCI to Triple-A’s merchants. Payprotocol AG and Triple-A will work closely with government bodies and global financial regulators to ensure full compliance with anti-money laundering regulations.
‘TripleA’, established in 2017, is a digital currencies payment company that allows businesses to pay and get paid in digital currencies, volatility free. Triple-A’s roster of clients include Razer, Charles & Keith
Paycoin has expanded into Singapore as its first global market due to the strong digital currencies regulatory frameworks available in Singapore. Singapore is one of the few countries that has implemented detailed regulation around digital currencies-based businesses. As a fully licensed digital payment token service provider in Singapore, Triple-A’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 Danal is aiming to create a global payment network. With this partnership, we will continue to maximize 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, to ensure that we will not be used as a vehicle for illicit activities like money laundering,” PayProtocol CEO Ryu said.
“Triple-A is happy to partner up with Paycoin as its global payments provider”. Eric Barbier, CEO of Triple-A shared, “This is a mutually beneficial partnership that will connect PayProtocol with merchants globally, and also give Triple-A keen insights into the Korean market.”
About Triple-A
Triple-A is a licensed digital currencies payment gateway that helps businesses increase their revenue by enabling digital currencies payments and payouts, giving them access to the spending power of the fast-growing 300m+ digital currency users.
Triple-A’s white label digital currencies payments solutions allow businesses from all industries to leverage the benefits of the growing digital currencies market without being exposed to volatility risk or having to handle or convert digital currencies. Their solutions are compatible with all wallets, easy to integrate and offer instant confirmation, locked-in exchange rates and chargeback protection.
Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 15,000 businesses, Triple-A makes accepting digital currencies payments simple for businesses across the globe.
For more information, please visit https:triple-a.io.
About Paycoin
Paycoin is a blockchain project that provides virtual asset based payment service. As a subsidiary of “Danal” — an integrated payment solution provider — PayProtocol 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 it aims to lead this new payment market and drive adoption for the service.
For more information about PayProtocol, please visit https://payprotocol.io/
For more information about Paycoin, please visit http://www.danalfintech.com/eng/
