Business
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) ENTERING DIGITAL ASSETS MARKET WITH 3rd PARTY ESCROW FIRMS AS CUSTODIAL SERVICES
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) ENTERING DIGITAL ASSETS MARKET WITH 3rd PARTY ESCROW FIRMS AS CUSTODIAL SERVICES.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SmartCard Marketing Systems Inc (OTCQB:SMKG) is entering the Digital Assets sector with its platforms and establishing a Custodial network through 3rd party firms to manage customers off-network transaction needs. The company management believes there is a huge void in this space and can provide the framework and platforms to complete the ecosystem.The Custodial Network that will be hosted by the Granularchain platform will have the embedded services that allow dual or multi-parties exchange of Digital Assets with Custodial or Escrow services as a service. The payments and escrow services will be managed by the Axepay Cross-border Payment Rails which offers a suite of payment functions and also pay-in collection network around the globe through its financial partners. The company is working on estabishing this network initially in key markets that include; USA, Canada, Middle East, Singapore and the UK. These same corridors pair up with our cross-border payment rails and combined create a unique offering by SmartCard Marketing Systems Inc and partners to grow the digital assets custodian market.THE CEO OF SMKG:OTCQB Massimo Barone stated “We are witnessing a major shift in digital transformation, but the reality is that Title Transfers even NFT transfers between parties is becoming a larger risk, this is despite the advantages of Blockchain ledgers which have drastically improved and created public and private rails for transactions, trades and swaps.The company is not seeking to be a vault of sorts or deposit solution but rather an Escrow for the purposes of transaction confirmation between two or more parties that require verification, authorization and aml clearance to proceed safely and securely. We are working with partners to map this out and finalize pricing structures for the Custodial services to be ready for activities that may come from Financial Institutions, Insurance companies and a wide varierty of Private transactions between individuals buying and selling goods and or digital assets.”About SmartCard Marketing Systems Inc (OTCQB: SMKG):SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry Multi-Tenant E-Commerce, Cloud and Mobility applications delivering White-Label solutions to the global PayTech and FinTech markets. SMKG is a boutique technology company,...