This article was first published on Everex - Medium
From the desk of Anna Vladi, COO of Everex, New York, NY:
I am very excited to write the first piece of news from Everex US. After a great launch in January, we have been quite busy from building relationships with banks and other technology partners to applying for money transmitter license with the Banking and Insurance departments of various states. We decided to make NJ our first state for the money transmission compliance. We have received great news this week that we are able to start onboarding clients. I want to be clear we do not have yet our full license, however we can start the very important test of onboarding clients and letting them conduct certain transactions.
Why is this important to Everex US?
Everex is a Singapore company that started in Asia and build product and momentum there to help with remittance between Asian countries where banking infrastructure is minimal or nonexistent. We wanted to take this technology and bring it to US with enhanced features and making sure that we are transacting in a compliant way from the beginning. Having ability to compliantly onboard customers is the first critical step in our multi step plan, so we are well on the way!
What is our long-term goal?
Everex is building a payments platform where customers and merchants can transact on Blockchain and take advantage of low transaction fees, 0 clearing and immediate settlements. There is a lot of work to do, from executing on our strategy for customer acquisition to building platform for merchants, integrating with our partner banks and issuing a stable token. There is a lot coming and a lot of great things to look forward to, so stay tuned.
What is next?
We have plans for integration with banks, ...
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Everex - Medium