South Korean payment company Danal Fintech has announced that it is joining the ICON blockchain ecosystem, according to a press release shared with Coin Rivet.
Danal will integrate ICON’s native token ICX into Paycoin, its global payments and remittance app that has more than 750,000 customers.
This will allow those customers to pay in ICX at any of Danal’s 60,000 merchant partners including popular fast-food restaurants KFC and Domino’s Pizza.
“With PayPal recently announcing its plans to support cryptocurrencies, we’re starting to see major acceleration in crypto adoption by payment apps and fintech companies in Asia,” said Min Kim, ICON project Founder.
“Now with Paycoin, it’s easier than ever for people to buy and spend their ICX at thousands of Danal’s merchant partners.”
Ted Hwang, CEO of Danal Fintech, added: Through this partnership between the two projects, we expect to bring virtual assets one step closer to our daily life.”
Danal Fintech will also become an ICON Public Representative, or P-Rep, the title given to consensus and governance block validators on the ICON Network.
Shortly after joining as a P-Rep, Danal Fintech will start the integration of ICX into the Paycoin payment application. At its completion, ICON users will be able to deposit and spend their ICX with the Paycoin app.
For more news, guides and cryptocurrency analysis, click here.
[…]
Learn more
The Tulip Prize [1] was awarded yesterday to François Villeroy de Galhau for a speech…
Senator Elizabeth Warren, supported by other senators, today introduced a bill titled the “Digital Asset…
President Volodymyr Zelensky today signed the “virtual assets” law adopted by the Ukrainian parliament on…
Joe Biden today signed an executive order asking the federal government to assess the risks…
After the implementation of the Ethereum blockchain in the consensus Proof-of-Stake model called “Beacon Chain”,…
It hung in the face of investors, this correction. And if the movements of Bitcoin…
Leave a Comment