Payprotocol AG Forms Global Payments Partnership with TripleA

Payprotocol AG, South Korea's crypto payment company and issuer of Paycoin (PCI), has announced a partnership (MoU) with TripleA, a Singapore-based licensed crypto payments company, to collaborate on building a global crypto payments ecosystem.

This partnership will commence with enabling all users of Payprotocol AG's crypto payment platform Paycoin to pay with PCI to TripleA's merchants. Payprotocol AG and TripleA will work ­closely ­with ­government ­bodies ­and­ global ­financial regulators to ensure full compliance with anti-money laundering regulations. 

Paycoin has expanded into Singapore as its first global market due to the strong crypto regulatory frameworks available in Singapore. Singapore is one of the few countries that has implemented detailed regulation around crypto-based businesses. As a fully licensed digital payment token service provider in Singapore, TripleA's partnership will enable Paycoin to build a payment system to be used globally, like it has built for the Korean market. 

"Paycoin was founded as Danal (Payprotocol AG's parent company) is aiming to create a global payment network. With this partnership, we will continue to maximize the benefit of blockchain technology, and build a global payment network around Paycoin. Furthermore, we will also create a regulated and licensed environment for our partners to operate within, to ensure that we will not be used as a vehicle for illicit activities like money laundering," said Ryu, CEO at PayProtocol.

"TripleA is happy to partner up with Paycoin as its global payments provider". Eric Barbier, CEO of TripleA shared: "This is a mutually beneficial partnership that will connect PayProtocol with merchants globally, and also give TripleA keen insights into the Korean market."