Such a high investment in its partners shows OKLink wants to aggressively expand its blockchain remittances business.
Hong Kong-based OKLink has announced that it will subsidize all fees on the first $100,000 of cross-border transfers of under $500 each for partners on its network, up to a total of $100 million. Coinsecure, Coins.ph, Rebit, MOIN.Inc, Coinone, Coinplug, Coincheck, Bitoex and BitPesa, are among the early companies to join the OKLink network and take advantage of this initiative.
OKLink is a recent spinoff from the Beijing-headquartered Bitcoin exchange OKCoin. It developed a Blockchain money transfer network that is growing rapidly, currently offering payouts in fifteen countries, and itplans to cover sixty countries by year end. OKLink raised $10 million in venture capital funds and is composed of a team of veterans from Alibaba, Tencent, Baidu, Visa, Yahoo, IBM, Barclays, cfX, Federal Reserve Bank, FDIC and PwC.
Jack C. Liu, Chief Strategy Officer at OKLink, said: “The world's financial transfers run on antiquated technology built nearly half a century ago. Slow, costly, and favoring large sized transactions, these qualities are in contrast to the emerging payment needs of today’s ever-connected global economy. OKLink believes in a future where small-value cross-border transfers will be as simple, fast, and cheap as a text message.
We are thrilled with the reception OKLink has received from industry leading companies and we hope to support their growth further with this incentive promotion.”
Partners approve
Mohit Kalra, CEO of Coinsecure in India, said: “India holds the largest share of remittances around the globe with over US$70 billion of inward remittance in 2015 at an average fee of 6%. What Coinsecure and OKLink plan to do - is going to be phenomenal.”
Ron Hose, CEO of Coins.ph in the Philippines, said: “We are very excited to allow our existing user base of over 500,000 customers in South East Asia to remit funds to Japan, China and South Korea using OKLink's platform, supporting our joint vision of providing cheapercross-border Payments and remittances across the region."
John Bailon, CEO of Rebit in the Philippines, said: “Rebit first pioneered using Bitcoin for remittances. We’re very excited to join the OKLink network, whose resources and influence will create a strong alliance of companies committed to making Blockchain remittances work for any customer, anywhere in the world.”
Ian Suh, CEO of MOIN.Inc in South Korea, said: "OKLink has developed a new and revolutionary way to solve problems in the traditional money transfer system. MOIN is very proud to be a partner of OKLink. The partnership will enable Korean people to send money abroad cheaper,faster, and more conveniently. OKLink is going to become the future of global remittance, connecting the world much closer."
Wonhee Shin, CTO at Coinone in South Korea, said: “This is a very meaningful milestone for blockchain technology, which is closely watched by regulators and practitioners from all over the world.Finally the technology has moved away from the concept phase and into the real usage phase.”
Joon Sun Uhr, CEO of Coinplug in South Korea, said: “Coinplug is very excited to work with OKLink in building the nextgeneration global settlement network. We expect the market to growsignificantly in micro-sized overseas remittances and we are preparing to be adominant early mover with this partnership with OKLink.”
Koichiro Wada, co-founder of Coincheck in Japan, said: “We are excited to partner with OKLink. We believeblockchain based remittance will have a huge impact on the financeindustry especially for people who do small transactions on a regularbasis.”
Titan Cheng, CEO of Bitoex in Taiwan, said: “OKLink is an important partner for money transfer companies in Asia. Bitoex has more than 5000 locations in Taiwan. Our partnership with OKLink will help us expand the scope of our global remittance offerings and bring an unparalleled customer experience for the 600,000 expatriates in Taiwan."
Hong Kong-based OKLink has announced that it will subsidize all fees on the first $100,000 of cross-border transfers of under $500 each for partners on its network, up to a total of $100 million. Coinsecure, Coins.ph, Rebit, MOIN.Inc, Coinone, Coinplug, Coincheck, Bitoex and BitPesa, are among the early companies to join the OKLink network and take advantage of this initiative.
OKLink is a recent spinoff from the Beijing-headquartered Bitcoin exchange OKCoin. It developed a Blockchain money transfer network that is growing rapidly, currently offering payouts in fifteen countries, and itplans to cover sixty countries by year end. OKLink raised $10 million in venture capital funds and is composed of a team of veterans from Alibaba, Tencent, Baidu, Visa, Yahoo, IBM, Barclays, cfX, Federal Reserve Bank, FDIC and PwC.
Jack C. Liu, Chief Strategy Officer at OKLink, said: “The world's financial transfers run on antiquated technology built nearly half a century ago. Slow, costly, and favoring large sized transactions, these qualities are in contrast to the emerging payment needs of today’s ever-connected global economy. OKLink believes in a future where small-value cross-border transfers will be as simple, fast, and cheap as a text message.
We are thrilled with the reception OKLink has received from industry leading companies and we hope to support their growth further with this incentive promotion.”
Partners approve
Mohit Kalra, CEO of Coinsecure in India, said: “India holds the largest share of remittances around the globe with over US$70 billion of inward remittance in 2015 at an average fee of 6%. What Coinsecure and OKLink plan to do - is going to be phenomenal.”
Ron Hose, CEO of Coins.ph in the Philippines, said: “We are very excited to allow our existing user base of over 500,000 customers in South East Asia to remit funds to Japan, China and South Korea using OKLink's platform, supporting our joint vision of providing cheapercross-border Payments and remittances across the region."
John Bailon, CEO of Rebit in the Philippines, said: “Rebit first pioneered using Bitcoin for remittances. We’re very excited to join the OKLink network, whose resources and influence will create a strong alliance of companies committed to making Blockchain remittances work for any customer, anywhere in the world.”
Ian Suh, CEO of MOIN.Inc in South Korea, said: "OKLink has developed a new and revolutionary way to solve problems in the traditional money transfer system. MOIN is very proud to be a partner of OKLink. The partnership will enable Korean people to send money abroad cheaper,faster, and more conveniently. OKLink is going to become the future of global remittance, connecting the world much closer."
Wonhee Shin, CTO at Coinone in South Korea, said: “This is a very meaningful milestone for blockchain technology, which is closely watched by regulators and practitioners from all over the world.Finally the technology has moved away from the concept phase and into the real usage phase.”
Joon Sun Uhr, CEO of Coinplug in South Korea, said: “Coinplug is very excited to work with OKLink in building the nextgeneration global settlement network. We expect the market to growsignificantly in micro-sized overseas remittances and we are preparing to be adominant early mover with this partnership with OKLink.”
Koichiro Wada, co-founder of Coincheck in Japan, said: “We are excited to partner with OKLink. We believeblockchain based remittance will have a huge impact on the financeindustry especially for people who do small transactions on a regularbasis.”
Titan Cheng, CEO of Bitoex in Taiwan, said: “OKLink is an important partner for money transfer companies in Asia. Bitoex has more than 5000 locations in Taiwan. Our partnership with OKLink will help us expand the scope of our global remittance offerings and bring an unparalleled customer experience for the 600,000 expatriates in Taiwan."
US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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