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Danal Fintech to be joining the ICON Ecosystem as a P-Rep

Greetings from the Paycoin team!

Today, we are excited to announce that we will be joining ICON, one of the largest blockchain projects in South Korea, as one of their Public Representatives (P-Rep) and make contributions to the ICON ecosystem. ICON has always been one of the most promising projects in South Korea, and in order to build a solid, healthy ecosystem, we understand that contribution from different parties is necessary, especially for a massive ecosystem like ICON.

Paycoin is a virtual asset based payment project initiated by Danal, one of the leading PG (Payment Gateway) based in South Korea. We first started the Paycoin service in April 2019, and by October 2020, we have acquired more than 750,000 users, 60,000 merchants and over 5 million USD in payment accumulated. Notable merchants include international brands such as 7-Elevens, Domino’s Pizza, KFC and more. Together with the infrastructure and users we have, we look forward to bringing more value to the ICON network.

Our goal is to help build the ICON network by integrating our payment system. This would mean expanding ICON’s audience and enabling users to utilize ICX they hold in a broader environment. At its completion, ICON users will be able to deposit their ICX into the Paycoin app, swap with Paycoin seamlessly, then use it as payment in any of the Paycoin merchants.

Given ICON’s reputation in the blockchain industry, we believe that this is a great opportunity for us to communicate that adopting blockchain and virtual assets in our daily life is not a far away story. We hope that our participation as the ICON P-Rep can fuel the growth of both our and ICON’s community and bring a positive impact to the industry as a whole.

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.

Website | KakaoTalk(KR) | Kakao Channel(KR) | Telegram(ENG) | Twitter(ENG) | Facebook(KR) | Paycoin Wallet(KR) | Paycoin Global Wallet




PayProtocol is a simple and convenient cryptocurrency payment platform for both e-commerce and retail use. It is a cryptocurrency project supported by Danal, a payment company based in South Korea.

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PayProtocol is a virtual asset payment platform for both e-commerce and retail use. It is a virtual asset project by Danal (

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