Paycoin to Support Bitcoin Investment with Paycoin

• Launch of Bitcoin-based financial services in the Paycoin App
• Preparation on ‘Paycoin Crypto Bank’ where users can access various virtual assets-based financial services seamlessly

With the recent approval of SEC on the Bitcoin ETF and the growing interest in virtual asset financial products, Paycoin is expecting to support Paycoin users to easily invest in Bitcoin in the Paycoin app. We have continuously gain public interest in Korea since it has launched the “BTC Payment Service” back in February, and now we are planning to launch investment related products to enable users to have access to ETF-related products with PCI.

We have signed a strategic business agreement with blockchain financial solution company, B-Brick, in Oct. 22 to prepare the launch of Bitcoin investment services using Paycoin. Our plan is to guide Bitcoin investment services through our platform, and we will utilize B-Brick’s investment solutions in the back-end side.

The biggest advantage of Paycoin’s investment service is that it is easy and simple. Until now, the general public had to go through complicated procedures such as signing up for the exchange to invest directly in Bitcoin or use investment products, but Paycoin’s services simplify this complicated process and combined everything within the Paycoin app.

In addition, it is superior in terms of reliability and stability compared to existing virtual asset services. Danal Fintech is a subsidiary of Danal, a leading company in domestic payment services in Korea, and B-Brick is a subsidiary of Sejong Telecom, a mid-sized telecommunication company. This allows both companies to operate stable services by relying on their sound parent companies. In particular, Paycoin recently acquired ISMS certification and has already applied for a virtual asset service provider in South Korea.

Paycoin plans to prepare various financial services using virtual assets, starting with the Bitcoin Investment Service. Our ultimate goal is to evolve into a Crypto Bank where anyone can seamlessly use virtual asset deposits, loans, and investment as if they were using bank services but with ‘Paycoin’.

Hwang Yong-taek, CEO of Danal Fintech, said, “The approval of Bitcoin ETF products in the U.S. proves that virtual assets are already recognized as real-life assets,” adding, “We will try to help all users to enjoy the benefits of the virtual asset market without any professional knowledge about virtual assets.”

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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