JAKARTA, Indonesia, December 21, 2017 /PRNewswire/ --
KinerjaPay Corp. (OTCBB: KPAY), a secure digital payment and ecommerce platform in Indonesia, announced today details of its token sale plan. Blockchain Industries, Inc. (OTCBB: OMGT), in partnership with Fintech Global Consultants, will be guiding KinerjaPay in their transition from an electronic payment platform to a token payment platform.
Operating in Southeast Asia's largest economy, KinerjaPay is planning to raise up to US $5 million from its impending ICO (initial coin offerings). The ICO, or initial token offerings, will be offered to institutional or private investors in the form of KCOIN, KinerjaPay's own proprietary virtual currency.
KCOIN (ticker symbol: KCOIN) is currently being traded among users on KinerjaPay's platform for activities related to gamification, coin trading, online shopping, and multilevel marketing activities. With the ICO, KCOIN will be used as KinerjaPay's cryptocurrency on one of the largest cryptocurrency exchanges in Asia.
"We believe this will be a game-changing move as we progress toward a much more advanced digital front," said Edwin Witarsa Ng, CEO of KinerjaPay Corp. "The introduction of KCOIN allows us to expand our international reach in an efficient and effective manner while promoting our goal of a cashless society worldwide."
Through their long-term partnership, Blockchain Industries and Fintech Global Consultants offer ICO consulting services worldwide. They have signed an agreement with KinerjaPay to build and launch their own cryptocurrency exchange to trade KCOIN and alt coins. Called KryptoPay, this unique trading platform will facilitate the transaction volume of KCOIN with other cryptocurrencies and serve as the international platform to trade KCOIN freely on the market. This move makes KinerjaPay the first Indonesian company to have an ownership in an international exchange.
"KinerjaPay is a leader in ecommerce and digital payments in Indonesia, and we're excited to launch this initiative to help the greater public transact their banking with ease, efficiency and confidence," said Patrick Moynihan, CEO of Blockchain Industries. "We believe KryptoPay will grow into a major public exchange for the Asian and worldwide markets."
KinerjaPay will further extend its reach into ecommerce in the international market with the addition of multiple supplementary platforms, such as KryptoMall and KryptoGames, to its collection of crypto-based platforms.
KinerjaPay is a secure digital payment and ecommerce platform. With convenient payment options through their secure web portal and mobile applications, KinerjaPay enables consumers to easily "Pay, Play and Buy" while shopping at their marketplace. Users can perform various payments quickly and safely, ranging from credit card payments to health insurance bills, and even direct fund transfers to individuals. KinerjaPay is planning to launch into other ecommerce verticals, such as delivery services, online gaming, and travel.
For more information on KinerjaPay, visit https://www.kinerjapay.com.
About Blockchain Industries, Inc.
Blockchain Industries is a diversified fintech holding company with a portfolio across multiple classes and verticals. The company invests in a broad range of alternative markets and cryptocurrency assets, with crypto banking, crypto trading and eco-mining, venture investing and ICO consulting, and media development and education as their four primary pillars of business. The company is headquartered in Puerto Rico, with corporate offices in Santa Monica and New York, and a satellite office in Tokyo.
For more information on Blockchain Industries, visit http://www.blockchainind.com.
About Fintech Global Consultants
Fintech Global Consultants is one of the world's leading fintech consulting firms with over $1.1 billion under advisory from more than 6,400 clients in 82 countries. With a focus on wealth creation and preservation, the company has raised more than $150 million in initial coin offerings (ICO). Offering clients niche expertise and the highest level of service, their services include ICO launches, funding assistance, marketing and compliance, mining opportunities and crypto portfolio advisement.
For more information on Fintech Global Consultants, visit http://f-g-c.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.
Media Contact: KinerjaPay Corp., Email: email@example.com , +62-8229-777-0098
SOURCE KinerjaPay Corp.