Hong-Kong based global blockchain money network OKLink announced that it will subsidize $100 million in free remittance trades to global remittance companies in order to accelerate the growth of new money transfer companies.
According to the official release, the initiative incentivizes money transfer companies to offer cheapest, fastest and more transparent global remittance services to its customers. OKLink’s participation companies can service individual payouts at the mid-market exchange rate for the first $100K of transactions. OKLink presently offers payouts in 15 countries across Asia, the Americas and Africa.
“OKLink believes in a future where small-value cross-border transfers will be as simple, fast, and cheap as a text message. We are thrilled with the reception OKLink has received from industry leading companies and we hope to support their growth further with this incentive promotion,” Jack C. Liu, Chief Strategy Officer at OKLink said.
The early companies to join OKLink network and take advantage of its initiative includes Coinsecure, Coins.ph, Rebit, MOIN.Inc, Coinone, Coinplug, Coincheck, Bitoex and BitPesa. Eligible companies are required to sign up by December 31, 2016, and can complete free transfers till March 31, 2017.
“We are very excited to allow our existing user base of over 500,000 customers in South East Asia to remit funds to Japan, China, and South Korea using OKLink’s platform, supporting our joint vision of providing cheaper cross-border payments and remittances across the region,” Ron Hose, CEO of Coins.ph in the Philippines said.
