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Title :  South Korea's Korbit Presents ' Aggregator for cross-border payments, the' - Bitcoin news
Lasting :   15,52
User :  Kagazahn
Date of publication :   2019-08-14
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Frames South Korea's Korbit Presents ' Aggregator for cross-border payments, the' - Bitcoin news





Description South Korea's Korbit Presents ' Aggregator for cross-border payments, the' - Bitcoin news

SEOUL, Feb. 5, 2016 — The Bitcoin and blockchain-service Korbit has announced a new service called the script, which the company calls a “ aggregator for cross-border payments were due to the distribution of the books.” The new platform allows users to live-to-bank payments in 24 countries around the world. The script takes 1% of the transfer fees, saying that they will be resolved, a secure digital mode on the blockchain technology.

Also read: Bitpay and Microsoft adds that the nodes in the network Bitcoin

We are able to take payments at very low cost with distributed the books for the movement of funds and the balancing of balances on the borders.

The headquarters in Korea, Korbit, the country has served for some time as the first Bitcoin Won he started the exchange, in 2013. 3.5 million us dollars, founded by three partners, Tony Lju, Kangmo Kim, Louis Jinhwa Kim, the company has received $in the financing of venture capital, 13 in the medium. The investors include Softbank company, Korea, Pantera Capital, the Digital currency of the group, and Tim Draper.

Now, the company plans to use a distributed-accounting-payroll - “drastically reduce the structure of costs and risks in cross-border payments.” Korbit-States, a number of companies will be the integration of the script of the platform, and one of them is one of the largest mobile payment applications in Korea. Tony Lju, CEO of Korbit, explains it better:

Last year, we wanted to add a inter-international feature of our currency-exchange-business. We saw distributed accounting technology, a chance for us to provide a service that, in principle, more attractive than that of the transfers of the services currently available on the market.

Lju explains, it was a difficult process, in the first place, to find a solution and work in the processes of regulation across borders. “We were in the vocational education and training, and get were all approved, each of the local payments from partners to ensure compliance with the laws and regulations,” said the CEO.

Now, with a hyphen, the service platform for the 24 countries with low costs for the processing of payments, the Korbit complaints has no hidden charges. The script allows several types of payment methods and Bank transfers on-site.

Lyu añade:

We hope that this leads to a higher efficiency in cross-border payments in the industry as a whole.

With 100 million active exchanged, until now, Korbit, and planning the script network is in operation in March 2016.

What do you think about the script of the network? Let us know in the comments below.

Disclosure: Bitcoin.com is not connected with any of the above companies



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