Business
Kinerjapay Transitions to Token Payment Platform with Guidance from Blockchain Industries
Kinerjapay Transitions to Token Payment Platform with Guidance from Blockchain Industries.
About this update from Bcii Enterprises Inc.
[{"type":"text","content":"Shareholders of Both Companies to Benefit from Ownership of the First Southeast Asian Coin ExchangeJAKARTA, INDONESIA / ACCESSWIRE / January 16, 2018 / KinerjaPay Corp. (KPAY), a secure digital payment and ecommerce platform in Indonesia, announced Monday details of its token sale plan. Blockchain Industries, Inc. (OTC PINK: BCII) will be guiding KinerjaPay in their transition from an email payment platform to a token payment platform and joining with them to launch the first Southeast Asian coin exchange.Operating in Southeast Asia's largest economy, KinerjaPay is planning to raise up to US $7 million from its impending ICO (initial coin offerings). The ICO, sometimes referred to as initial token offerings, will be offered to institutional or private investors in the form of KCOIN, KinerjaPay's own proprietary virtual currency.KCOIN (ticker symbol: KCOIN) is currently being traded among users on KinerjaPay's platform for activities related to gamification, coin trading, online shopping, and multilevel marketing activities. With the ICO, KCOIN will be used as KinerjaPay's cryptocurrency on one of the largest cryptocurrency exchanges in Asia.\"We believe this will be a game-changing move as we progress toward a much more advanced digital front,\" said Edwin Witarsa Ng, CEO of KinerjaPay Corp. \"The introduction of KCOIN allows us to expand our international reach in an efficient and effective manner while promoting our goal of a cashless society worldwide.\"To facilitate the transaction volume of KCOIN with other cryptocurrencies, KinerjaPay plans to launch KryptoPay, its own international trading platform. Blockchain Industries, in partnership with Global Fintech Consultants, has entered into an agreement with KinerjaPay to develop and launch the coin exchange in Southeast Asia. Blockchain Industries will receive 1 million shares of KinerjaPay for their role in developing and operating the exchange.\"KinerjaPay is a leader in the ecommerce and digital payment worlds, and we're excited to join with them to launch the first Southeast Asian coin exchange servicing Indonesia and its neighboring countries,\" said Patrick Moynihan, CEO of Blockchain Industries. \"Owning such exchanges presents an extraordinary revenue opportunity for our companies, and we believe we are the first publicly traded companies to benefit from this action.\...