[Announcement] Paycoin Global Business Schedule Update

Greetings from Paycoin team!

Piggybacking the content of the previous [Notice] About Paycoin’s Global Business Plan, we would like to update and share the detailed schedule related to global business..

1. Schedule Overview

Here is the overview of the global business schedule.

2. Paycoin Global App Test Complete

First of all, we plan to complete the advancement of Paycoin’s global app by the end of June. Previously, only limited functions were provided in global app as domestic-oriented businesses were conducted, but through this update, we plan to provide user-friendly app services that global users can easily use, such as advanced process of AML, improved UIUX, and PCI payment linkage.

3. Launching Paycoin Global App (Including Payment)

We will complete all app tests by the end of June and officially launch the Paycoin global app in July. We plan to strengthen the use of PCI by supporting wPCI payment at the same time as the app launching date.

• PCI payment: We plan to provide global users with a payment service that allows users to use PCI right away at global merchants, just like the domestic PCI payment service we have provided in the past. We have already secured merchants through contracts with Triple A and UPC, and from the beginning of the service, users can make payments at various global merchants.
• UnionPay Payment: A payment method using an UnionPay prepaid card, which can be paid with PCI. This service can be used at 30 million UnionPay merchants worldwide.

4. Marketing for Launching & Payment

Lastly, we plan to secure users by promoting aggressive marketing campaigns from July to December along with the launch of the Paycoin global app. We plan to promote payment activation by attracting early users through sign-up events, returning a portion of used PCI for payment to users through payback events, and strengthen our service retention. In addition, by collaborating with global merchants to develop payment discount functions, we intend to firmly establish PCI’s global payment infrastructure by the end of this year.

We will be back with a better global service in the second half of this year.

Thank you.

About Paycoin

Paycoin is a blockchain project that is providing the virtual asset based payment service. As a subsidiary of “Danal” — an integrated payment solution provider — Danal Fintech provides virtual asset payment services based on Paycoin blockchain, which reduces the intermediaries in the existing payment process, enabling lower transaction fees and faster settlement cycles to merchants, and a safe and convenient payment environment to users. Paycoin is the first virtual asset that is being commercialized as payment in Korea, and we aim to lead this new payment market and drive adoption for the service.

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