News Coinsillium & UMT Team Up Exploring Blockchain B2C Mobile...

Coinsillium & UMT Team Up Exploring Blockchain B2C Mobile Payments Solution

-

- Advertisment -

Blockchain-focused venture builder and investor Coinsilium Group Limited (NEX:COIN) is teaming up with another company to address a growing sector of the Fintech space. Focusing on mobile payments, the firm signed a Memorandum of Understanding with German XETRA-listed UMT United Mobility Technology AG.

Join the industry’s gathering!

The agreement between the firms is for a three month period. Coinsillium, which finances and manages the development of early-stage blockchain technology companies, has chosen UMT because of its focus on individual mobile payment and blockchain solutions.

The companies will jointly work for three months to explore the potential for the development of a blockchain-based digital token solution for mobile payments. The token is to be functioning as a medium of exchange exclusively for portable applications. The solution is aiming at the massive B2C area of mobile payments.

Commenting on the news, the CEO of Coinsilium, Eddy Travia, said: “We look forward to working with UMT AG in establishing the terms for a mutually beneficial commercial agreement in the near term. UMT is a major player in the European mobile payments arena with partnerships with major names such as PAYBACK (American Express Group).”

“Our combined experience in the blockchain space makes us well placed to create innovative, reliable and safe solutions for the mobile payments industry. Our advisory team’s expertise, gained over many years, is pivotal to attracting and securing collaborations with quality partners such as UMT,” Travia elaborates.

Coinsilium will also provide its expertise and assist UMT in evaluating and determining specific economic characteristics, token models and other specific properties required for a potential token sale.

German XETRA-listed UMT currently holds 3,288,000 shares in Coinsilium Group Limited (NEX:COIN) which amounts to 3.04% of the issued share capital of the firm.

The CEO and Co-Founder of Coinsilium, Eddy Travia is a speaker at the Finance Magnates London Summit. He will be focusing his presentation on ICOs in the Seminar Room.

Coinsillium & UMT Team Up Exploring Blockchain B2C Mobile Payments Solution

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Ethereum Price Sees $500 for the First Time in Two-and-a-half Years

First launched in 2014, Ethereum or Ether is one of the oldest altcoins and probably the most...

Banking Sector is Ready for a Tech Revolution With Cryptocurrency

When our world is going through a massive change due to COVID-19blow, it is very likely that...

OpenDAO’s Bridge Opens New Possibility for Mass Adoption of DeFi

When Satoshi Nakamoto officially created Bitcoin on January 3, 2009, his vision for the digital asset was...

Crypto’s price surge was mostly due to limited information – here’s why

As the world becomes more and more digitized, the usage of one of the most popular cryptocurrencies,...
- Advertisement -

U.S. Authorities Seized Bitcoin Worth a Total of $1 billion

The cryptocurrencies were in the possession of a person who had hacked Silk road, which was detected...

Top 12 BEST Crypto Trading Bots for 2020

TL;DR: In this article, we present a list of the best Crypto Trading Bots of 2020. If...

Must read

- Advertisement -

Read Next
Recommended to you