Hong Kong-based OKLink has announced that it will subsidize all fees on the first $100,000 of cross-border transfers of under $500 each for partners on its network, up to a total of $100 million. Coinsecure, Coins.ph, Rebit, MOIN.Inc, Coinone, Coinplug, Coincheck, Bitoex and BitPesa, are among the early companies to join the OKLink network and take advantage of this initiative. Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here! OKLink is a recent spinoff from the Beijing-headquartered Bitcoin exchange OKCoin . It developed a blockchain money transfer network that is growing rapidly, currently offering payouts in fifteen countries, and itplans to cover sixty countries by year end. OKLink raised $10 million in venture capital funds and is composed of a team of veterans from Alibaba, Tencent, Baidu, Visa, Yahoo, IBM, Barclays, cfX, Federal Reserve Bank, FDIC and PwC. Jack C. Liu, Chief Strategy Officer at OKLink, said: “The world’s financial transfers run on antiquated technology built nearly half a century ago. Slow, costly, and favoring large sized transactions, these qualities are in contrast to the emerging payment needs of today’s ever-connected global economy. 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.” Partners approve Mohit Kalra, CEO of Coinsecure in India, said: “India holds the largest share of remittances around the globe with over US$70 billion of inward remittance in 2015 at an average fee of 6%. What Coinsecure and OKLink plan to do – is going to be phenomenal.” Ron Hose, CEO of Coins.ph in the Philippines, said: “We are very excited to allow our existing […]
