After it successfully introduced crypto payment services to more than 3 million users and 150,000 merchants in Korea, Payprotocol AG has announced the expansion of Paycoin into the global crypto payments market in partnership with TripleA.
With the signing of the memorandum of understanding (MOU) to seal the deal, both have agreed to collaborate in order to build a global crypto payments ecosystem. And as the partnership commences, Paycoin users can now pay TripleA’s merchants with PCI.
Paycoin and TripleA, a licensed crypto payments company, are committed to work closely with the different government agencies and global financial regulators to ensure full compliance with anti-money laundering policy.
“TripleA is happy to partner up with Paycoin as its global payments provider,” said Eric Barbier, CEO of TripleA.
Barbier referred to their deal with Payprotocol AG as a “mutually beneficial partnership” that will connect PayProtocol with merchants globally while giving TripleA keen insights into the Korean market.
Established in 2017, TripleA is a crypto payments company that allows businesses to pay and get paid in digital currencies, volatility free. Its roster of clients include Razer, Charles & Keith.
Their solutions are compatible with all wallets, easy to integrate and offer instant confirmation, locked-in exchange rates and chargeback protection.
TripleA that is licensed by the Monetary Authority of Singapore (MAS) and trusted by over 15,000 businesses, makes accepting crypto payments simple for businesses across the globe.
Paycoin, for its part, expanded to Singapore as its first global market due to the strong crypto regulatory frameworks available there.
The blockchain project that provides virtual asset-based payment service, is 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.
It is the first virtual asset that is being commercialized as payment in Korea as it also aims to lead this new payment market and drive adoption for the service.
Being a fully licensed digital payment token service provider in Singapore, its partnership with TripleA will allow Paycoin to build a payment system that they could use globally.