[Press_Release] Wemade Tree signs MOU with Danal Fintech to Expand Blockchain Payment
#WEMIX #Blockchain #Token #NFT #DEX #MOU # DanalFintech #Payment #PCI #Paycoin
Wemade Tree signs MOU with Danal Fintech to Expand Blockchain Payment
- Enhancement of blockchain interoperability and cooperation on payment business and technology
- Enhancement of accessibility and utilization of WEMIX Token and Paycoin
- Synergy effect from connecting NFT, blockchain game, and blockchain payment
On 30 March, Wemade Tree, a blockchain subsidiary of Korean game company Wemade, announced an MOU(Memorandum of Understanding) with Danal Fintech, a blockchain-based payment platform.
Two companies agreed to join hands to strengthen blockchain interoperability and improve payment business and technology. They will work together and share their blockchain know-how on various areas, including easy-to-use payment via cryptocurrency, to create a synergy effect.
Wemade Tree’s games, <BirdTornado for WEMIX> and <CaiShenChuanQi for WEMIX>, are currently being operated on its own blockchain platform WEMIX. WEMIX DEX(Decentralized Exchange), on which the tokens can be traded, and NFT Market will be made available to support trading all forms of NFTs, not just game items but also digital art, collectibles, and fine art. Seven new games are set to be added to its blockchain game line-up, among which five are based on popular IPs, downloaded more than 10 million times each,.
Danal Fintech has established an infrastructure of affiliates for its own cryptoasset Paycoin(PCI), where PCI can be used for payments similarly to fiat on more than 70,000 on/offline affiliated shops. Constantly expanding PCI’s usability, the company released ‘Danal-UnionPay Mobile Prepaid Card’ with UnionPay, which can be used on UnionPay’s offline mobile affiliates worldwide except China and Korea. Paycoin app plans to provide ways to convert various cryptoassets, such as Bitcoin(BTC), to Paycoin for payment usage.
A wide array of approaches is being discussed. Possibilities might include a support for the direct trade between WEMIX Token and Paycoin, payment linkage, and more. This could open ways to make payments on 70,000+ Danal affiliates in Korea and UnionPay affiliates worldwide except China and Korea for WEMIX users. Likewise, Paycoin users will be able to invest and trade on arts, collectibles, and digital items on WEMIX NFT Market. Also, PCI use in WEMIX games and DEX will be possible.
Shane Kim, CEO of Wemade Tree commented that “we are glad as this MOU with Danal Fintech, the leading company in Korean blockchain payment business, can be an opportunity for a step-up of WEMIX ecosystem. We will maximize our efforts to make WEMIX Token more versatile and expand its range of use.”
Ted Hwang. CEO of Danal Fintech noted that “after digitalization of money, NFT — including tokenized art, collectibles, and game items — are gaining global popularity and attention. I believe this MOU will be very helpful for expanding our payment business into areas such as blockchain games and art, with future cooperation with NFT projects.”
WEMIX is Blockchain Gaming Platform developed by Wemade Tree Pte. Ltd, providing services including Cryptocurrency Wallet, Token Exchange, Game Item Trade and Game Gateway. Wemade Tree Pte. Ltd is subsidiary of Wemade, the Developer and Owner of “The Legend of Mir” IP, highly successful game with over 500 Million users.
Current servicing games are <BirdTornado for WEMIX>, Legend of Mir IP game <CaiShenChuanqi for WEMIX> can be found in WEMIX Gaming platform.
Upcoming WEMIX Games Lineup, soon to be launched are following : <Cryptornado for WEMIX>, <Fishing Strike for WEMIX>, <AquaTornado for WEMIX>, <WIND Runner for WEMIX>, <Abyssrium for WEMIX>, <Icarus M for WEMIX>, <Candy Pang for WEMIX>, <Everytown for WEMIX>, <My Secret Bistro for WEMIX>, <Touch Fighter for WEMIX> and <Chuanqi Mobile for WEMIX>.
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