Singapore - (NewMediaWire) - October 03, 2022 - Storepay, a blockchain-based "Buy Now Pay Later (BNPL)" fintech platform, announced the listing of its $SPC token on LBank, on September 29th, 2022. The listing comes as the team consolidates its international expansion. Storepay was founded in 2019 in Mongolia and has grown to have the largest number of registered users and partners. The easy-to-use Storepay App allows users to make split payments for everything they buy over time without paying extra fees or interest.
Storepay's BNPL business model covers retail stores and a wide range of service providers like real estate, hospitals, airlines, colleges, automobiles, and grocery. The expansion of Storepay into Southeast Asia is majorly hinged on the utility of its coin. The Storepay coin will serve as a utility coin across global markets irrespective of national borders.
Details about the Storepay token
The Storepay coin (SPC) is a BEP-20 compliant token built on the Binance Smart Chain (BSC). SPC will serve as a means of payment and other transactions within the Storepay ecosystem. Additionally, all bonus and cashback rewards in the Storepay ecosystem will be in SPC. As the utility token of Storepay, SPC is used by more than 400,000 registered platform users at 2,000 merchant stores and service providers.
The coin will also serve as a collateral substitute, alternative credit scoring, payment and investment tools, and a reward system. SPC aims to make the service available to both contemporary and non-contemporary platform users. The team aims to build SPC into a token with the largest real-life utility and immediate value. SPC strengthens the B2C and B2B BNPL business model of Storepay by eliminating the shortcomings of traditional financial systems such as cross-border restrains, poor financial inclusion, high transaction cost, etc.
LBank Cryptocurrency Exchange
LBank is an international crypto-exchange with headquarters in Hong Kong. The platform officially started operations in 2015 and offers a robust crypto trading experience with more than 120 tokens listed and 100+ trading pairs on the platform. Some of the coins available include Bitcoin, Ethereum, BNB, Litecoin, etc. The platform is available in over 50 different countries of the world. As of September 2022, there are over 4.7 million active users on the exchange. Storepay will leverage the global reach of LBank to further push its international expansion through SPC.
The exchange is designed to allow seamless account creation and has multiple educational resources to guide beginners. Since its inception in 2015, there has not been any security breach on the platform. This shows the capability of the team to ensure the safety of users and their funds. In addition, users enjoy advanced tools like KDJ, MACD, CCI, and RSI, and professional traders can use the premium trading window to engage in more advanced trading.
About Storepay Fintech Ecosystem
Storepay is a blockchain-powered fintech platform that allows retailers and merchants to sell their products and services on installment plans with no interest fees. It provides both B2C and B2B "buy now, pay later (BNPL)" services. The Storepay coin-SPCFIN is expanding its utility by soon becoming available at South Korean medical and cosmetic hospitals as a BNPL payment option. Both the KYC and credit scoring of the user-friendly Storepay app takes less than a minute, and the token wallet is embedded seamlessly in the BNPL app.
Contact: Tsatsal Ganbold