Everex, a blockchain company developing Ethereum applications, has announced that it has entered into a partnership with Myanmar-based microlender MicroMoney.
With this partnership, Everex now has access to MicroMoney’s over 450,000 unique customers and registered users.
“We chose to partner with Everex because it is the easiest way to deliver money to our customers,” MicroMoney’s Anton Dziatkovskii said. “You just download the e-wallet and that is all. Our customers can expect immediate delivery of funds across borders.”
Everex said that the collaboration will be a mutually beneficial engagement, with Everex gaining a share of the microlending market and MicroMoney gaining increased reach and potentially benefitting from Everex intellectual property. According to the official release, the companies are currently in the process of pilot testing the integration and MicroMoney has been already sending money to borrowers via the e-wallet already.
“Everex has secured the business of nearly 500,000 new customers by forging this partnership with one of Myanmar and Thailand’s leading micro-liquidity providers,” Everex CEO Alexi Lane said. “And this isn’t the last partnership in the works. We have a litany of projects in the designed to move us towards our straight-forward goal of cross border cash-transfer and micro-lending. We plan on providing our customers with a multi-thronged approach to decentralized applications. While based on proprietary technology we first started developing on the bitcoin blockchain, Everex takes an open-source and transparent approach to financial inclusion, and this integration with MicroMoney is just one piece of that overarching, and sustainable, vision.”
The companies currently serve customers in Thailand and Myanmar, where many individuals rely on transparent, cost-effective businesses to transmit money or take out loans. When two aligned businesses come into market together, they make a far larger splash, Everex said.
“Everex and MicroMoney make it easier than ever to open a digital account,” claims Dziatkovskii. “No more waiting in a line at the bank and waiting for 3-5 working days to open a bank account.
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