Paycoin, a crypto payments company that has successfully introduced crypto payment services to more than three million users and 150,000 merchants in Korea. This has kickstarted its expansion into the global crypto payments market through a partnership with TripleA.
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.
Paycoin has expanded into Singapore as its first global market due to the strong crypto regulatory frameworks available in Singapore. This is because Singapore is one of the few countries that has implemented detailed regulations around crypto-based businesses. 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.”
Kristina Taylor is a highly knowledgeable journalist who has been following the financial news and cybercrimes space since 2011. She holds a degree in communication and media studies from Aarhus University and has always had a passion for writing.
Throughout her career, Kristina has become a well-traveled journalist within the industry and has contributed to many well-known publications. She has a keen eye for detail and is often found poring over white papers to gain deeper insights into the latest trends and developments.
Kristina’s extensive knowledge and experience in the field of finance and technology make her an invaluable contributor to Financial Magazine. She is highly respected in the industry and is known for her ability to break down complex concepts into easy-to-understand pieces for her readers.