Danal Fintech to be supporting BTC Payment in through Paycoin App

Danal Fintech has partnered with Haechi Labs, a blockchain company, and through integrating the Henesis Wallet, Danal Fintech will be commercializing Bitcoin payment service for the in Korea.

Henesis Wallet is a virtual asset storage solution developed by Haechi Labs. It supports various features including APIs needed for security, internal control, audit and tax services. It allows blockchain companies to incorporate this wallet solution into their mobile and web services to store various virtual assets.

By integrating Henesis Wallet, Paycoin will be supporting the following features.

• Swap between Bitcoin (BTC) and Paycoin (PCI)
• Use Bitcoin for payments in any of the Paycoin’s merchants
• Use Bitcoin as payment in various investment products

This will be our first leap to make effort in entering the virtual asset payment platform market, and we expect to see various virtual assets being used in real life through Paycoin. Moreover, we expect this to be an opportunity to resolve doubts about the usefulness of virtual assets that have been continuously raised in the market.

Bitcoin has recently reached its all-time high, and as PayPal introduced virtual assets as its new payment method, social interest in virtual assets is continuously growing. The market predicts that PayPal will generate 2-billion-dollar revenue in Bitcoin by 2023. PayPal’s payment model was already introduced and being used by Paycoin back in 2019, and we expect that this payment model will continue to receive increasing interest from the market after this announcement.

While global companies such as PayPal, Tesla, MasterCard, VISA and Twitter has made announcement to integrate Bitcoin payment, it can be seen Danal Fintech — a leading virtual asset payment service provider — will further solidify its position in Korea.

Starting with supporting the Bitcoin — PCI swap payment, we will expand our services further through supporting other virtual assets such as Ethereum (ETH), ICON (ICX) and more, enabling our users to not only use these virtual assets as payment, but also in investment products.

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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