ICON & SK Planet to Sign Cooperation Memorandum

Parties plan to transform the existing structure of digital marketing and develop a medium-term and long-term plan to improve the quality of customer service
20 September 2018   1017

Representatives of the ICON blockchain project signed a memorandum of understanding with the South Korean telecommunications giant SKPlanet. The goal of the cooperation was the opening of new market opportunities and the introduction of distributed ledger technology into the telecom industry.

It is noteworthy that about 50% of South Korea's population use SK Planet services. In many ways, the decision to cooperate with ICON was made in connection with the desire to transfer the business to work with cryptocurrencies.

Leading South Korean mobile services, such as OK Cashbag and Syrup (operated by SK Planet), use the blockchain technology.

As part of the cooperation, the parties plan to transform the existing structure of digital marketing, as well as develop a medium-term and long-term plan to improve the quality of customer service in online and offline zones.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.