SQ2, Plaza join forces on blockchain-based “freedom lifestyle” solution

Chinatown at sunset, Singapore. By Erwin Soo (CC BY 2.0) via Wikimedia

Singapore-based solution-as-a-service financial technology company SQ2 Fintech has signed a memorandum of understanding (MoU) with blockchain-based e-commerce and consumer lifestyle developer Plaza Systems.

SQ2 will provide the technological foundation upon which Plaza Systems will build its vision of a “freedom lifestyle”, wherein the advantages of emerging technologies such as blockchain and artificial intelligence are seamlessly integrated into consumers’ lives.

Plaza Systems plans to raise up to 100,000 ETH via a token generation event (TGE) to fully develop and take to market an e-commerce-specific blockchain dubbed the MerchantChain and a suite of familiar consumer touchpoints that interact with it, including AI-assisted applications, a smart speaker, and a debit card.

SQ2 Fintech CEO Anthony Lau

“Plaza Systems has laid out a vision for the integration of blockchain, AI, and payment systems which very much aligns with SQ2’s mission,” SQ2 Fintech CEO Anthony Lau said.

SQ2 Head of Technology & Plaza Systems Technology Director Ronald Aai

SQ2 Director & Head of Technology Ronald Aai added: “My SQ2 colleagues and I look forward to working closely with Kevin and his team at Plaza Systems in building out our shared ideas.”

Under the MOU, Mr Aai will serve as Plaza Systems’ Technology Director.

Plaza Systems CEO & Chief Architect Kevin Johnson

Plaza Systems CEO & Chief Architect Kevin Johnson said: “Anthony, Ronald and their team are developing some very powerful products which fit neatly with our vision for a blockchain-based solution that everyone can use; for savings, for convenience, and to take back control of their personal information.”

Both Mr Lau and Mr Johnson suggested that the relationship between the two companies would likely deepen after the ICO but refused to indicate how.

“Speculation is likely to mount,” Mr Johnson said. “It’s the nature of things, especially in an emerging tech space such as crypto.”

Mr Lau added: “Actually we have been working together since November last year. This MoU signing now reflects a comfort level we both share.”

About SQ2 Fintech

SQ2 Fintech is a financial technology solution-as-a-service provider headquartered in Singapore with offices in China and Malaysia. Focussed on building innovative technological solutions, platforms and ecosystems, SQ2 has developed numerous hardware and software solutions including: IOT devices; online and mobile platforms; mobile e-wallets; global prepaid debit card solutions; backend management consoles and systems; business productivity platforms; service staff appreciation and rewards systems; mobile e-commerce platforms; chat, streaming and social network modules; and more.

About Plaza Systems

Plaza Systems occupies the intersection of lifestyle and technology.

We are developing the Total bCommerce™ solution, which includes the fast and future-proof MerchantChain™ — a blockchain commerce (bCommerce) infrastructure upon which others can build decentralised applications — as well as the Freedom Lifestyle™.

The Freedom Lifestyle suite of product search & payment tools offer:

  • The ability to quickly and conveniently browse the best shopping deals across the whole internet, anytime, and from anywhere;
  • The privacy, savings, and security of cryptocurrency payments;
  • The sensible flexibility to enjoy the products of your favourite vendors using a payment system everyone is familiar with; and
  • That’s not all! Follow the links below to find out more …

Website: plaza.systems

White Paper: plaza.systems/whitepaper

More news & opinion from Plaza Systems: medium.com/plaza-systems