Start payment and settlement token business
Blockchain technology company Blocko announced that it had signed a business agreement (MOU) with Zeitgeist.SA to expand the scope of its business to the point token payment field.
Zeitgeist.SA, an issuer specializing in Web3 stable tokens, announced that it had chosen Blocko, which has extensive global business experience, such as Credit Suisse and UAE’s SEED Group, as its technology partner ahead of the issuance of GEM.ASIA, a payment and settlement token. .
Zeitgeist.SA, in collaboration with Blocko, plans to release GemAsia tokens based on Blocko’s GemPay technology by December. The idea is to form partnerships with companies and influencers in various industries operating in Asia and secure a web3 payment ecosystem that can be experienced by consumers through membership, mileage, and point ecosystem combinations.
Kim Jong-hwan, CEO of Blocko, said, “As domestic payment and settlement token-related businesses are not easy in the regulatory environment, most businesses have been carried out through collaboration with overseas companies.” Based on our various business experiences, we will support the technical environment for Zeitgeist.SA to successfully settle in the market.”