Monstercube, Renven IBT, and IMBLOCK are Cooperation Development Replacement Currency for Real Life Use

The company announced on October 1st that it has signed a contract to develop contents and share technologies to promote joint business between Monstercube (CEO Yoo Jae-beom), Renven IBT (CEO Chung Kyung-hwan), and IMBLOCK(CEO Yoon Woon-jung) in order to increase the utilization of cryptocurrency as an alternative currency that can be used in the real economy.
​
MonsterCube secures a number of real economic franchises and provides an unspecified number of cryptocurrency stores with safety compensation for their actions through high tech VR mining methods. The exchange ShareX of IMBLOCK is making people to exchange replacement currency and make possible to pay at affiliates, and Renven IBT that build database of Kookmin Bank and leading banks in the country makes using replacement currency at ATM at the same time.

“Based on our know-how in building domestic bank DB, we have developed the world’s first ATM that linked to exchanges that can utilize the replacement currency that will become commercialized in the future. We are also preparing to release ATMs in the U.S., Japan and Europe. We also hope Renven’s ATM will help distribute the replacement currency.” said CEO Jung Kyung-hwan, CEO of Renven Ibit.

“The top 1 percent of institutional investors are buying bitcoin, and Bitcoin is going through a plunge and surge depending on whether it is buying by institutional investors, and ShareX is developing and executing the world’s first platform to discover STO coins and attract investors. Through a system in which all investments are kept on the exchange and it’s used as evidence to buy, shareholders become the main agents of the purchase and increase capital on a daily basis. We hope that it become a competitive exchange in Korea so that keeps coin investment not breakaway to overseas.” said Yoon Woon-jung, CEO of IMBLOCK.

“Until now, large portals and media outlets have received advertising fees from advertisers and exposed them, but they have not benefited consumers who actually view advertisements. So we created a system that would reward consumers directly,” he said. “The three companies cooperated because they thought Soda Play’ that allowed them to pay with the replacement currency, and that if the merchant could be used as a different alternative currency, it would be more widely used.”

[Source]https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=103&oid=241&aid=0002963014