The Fastest ICO Blockchain As A Service Project In Asia, Bezant, Partners With Korea Prepaid Card

Bezant, a blockchain based solutions company, is partnering with Korea’s largest prepaid card distributor, Korea Prepaid Card to tap into the projected $3 trillion prepaid card industry.

According to an official statement from the Bezant team, the partnership is set to enhance the capabilities of prepaid cards products and services by integrating blockchain based solutions. The two companies are aiming at the $10 billion prepaid card market in Korea with plans to extend globally on the way.

Since completing the fastest initial coin offering in Asia – raising $126 million in less than an hour – Bezant has witnessed gradual growth in number of partners and value. The company recently announced in its Q2 2019 report the launch of a peer to peer lending system and the listing of its BZNT token on Binance decentralized exchange (DEX).

In April this year, the project became the first Blockchain as a Service (BaaS) to launch on the Hyperledger Fabric blockchain platform. Since, the company has partnered with a number of South Korean and Thailand firms including Hanjudo, a South Korean fintech, Thailand’s Nova Learning, Chequer, a South Korean database management company, and Transwiz, a Thai peer-to-peer lender.

The BZNT token is however struggling to find its feet as it reached its lowest price since the ICO on August 13th trading at $0.012 USD. The token ranks 316th on the Coinmarketcap listings with a total market cap of $8.3 million USD.

Korea Prepaid Card is the largest shareholder in the market providing fully integrated solutions in “issuing prepaid cards, distribute/top up, and offer payments/settlement” for various payment methods. Furthermore, the company provides services for some of the top companies in the world including the distribution of Google Play gift cards in Korea.

In an announcement on August 9, the company announced the launch 2nd Airdrop event that will distribute 1,000,000 BZNT tokens to enhance community participation.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,231FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Tezos (XTZ) Trying to Hold on to the ATH Gains as Crypto Market Runs Red

Today, crypto streets are running red with losses The cryptocurrency market had a bullish start of the week when bitcoin breached the $12,000 level...

Bitcoin Bulls Must Defend $11,000, We’re Not Out of the Woods Yet

After yet another failed attempt at $12,000, Bitcoin fell to $11,100 yesterday in a multi-asset correction. As we reported, this has been a bond...

Russian Monitoring Agency Develops Blockchain Analysis Tool To Track Bitcoin And Monero

A report from local news channel RBC confirmed on Tuesday Russian intelligence unit, Rosfinmonitoring, (Russia’s Federal Financial Monitoring Service), has proposed a cryptocurrency monitoring...

Bitcoin & Gold Crashes as S&P 500 Races towards All-Time High

After making a bullish start of the week, by surging past $12,000 only to drop, bitcoin is continuing its descent. The largest digital asset...

With A Troubled Past, Are Cryptocurrency Cards Worth the Risk to Push Adoption?

Crypto debit cards were looked at as the next big move for broader crypto adoption and involvement of mainstream players like Visa in the...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today