Korea Prepaid Card Invests in Blockchain Provider Bezant

Asia Blockchain Review
August 20, 2019

Bezant, a blockchain startup based in Singapore, recently announced that Korea Prepaid Card has become its second-largest shareholder, though no terms of the deal were disclosed. 

According to a report by CoinDesk, Bezant has been a provider of Blockchain-as-a-Service (BaaS) based on Hyperledger Fabric technology since April 2019. The firm also has its own cryptocurrency called BZNT. The company’s coin is currently ranked at around #320 in terms of approximately US$8 million capitalization, as reported by CoinMarketCap. 

Bezant Partners with other Thai and Korean Companies

The startup has inked several partnerships with other companies in the region, including fintech Hanjudo and database management firm Chequer – both of which are based in South Korea. Bezant’s partners in Thailand include Nova Learning and peer-to-peer lender Transwiz.

Bezant announced in June that it was joining the crypto exchange Binance, making its BZNT available for trading on Binance DEX as of 7 July. 

Although based in Singapore, Bezant has a strong connection to South Korea as its chief cryptocurrency officer Daesik Kim is from there and also a co-founder of the world’s 17th-ranked exchange, Bithumb. Its lead engineer, Jeyce Jung, was also a lead software developer at KakaoPay. 

Korea Prepaid Card Dominates the Market with New Techs

Korea Prepaid Card is the leader in the country’s $10 billion prepaid industry, offering integrated services solutions to issue prepaid cards, distribute/top-up, and offer payments/settlements for various prepaid payment methods, including gift cards, vouchers, and coupons. It has been developing and employing new technologies to offer real-time connection between involving parties in the prepaid value chain.

Source: https://www.coindesk.com/ 

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