LONDON, June 22, 2018 /PRNewswire/ -- ModulTrade
creates a foundation for the launch of
ModulTrade blockchain based smart-contract platform (MT
WALLET and MT MARKET) in the African continent after signing
agreements with leading financial & logistic organizations and
meeting with an Ambassador of the Russian
Federation, Vladimir
Baikov.
Leading logistics company SIMAT, and SERFIN, one of the key
players in financial services and a representative of Western Union
in Côte d'Ivoire and Burkina Faso,
will both benefit from using ModulTrade products; ModulTrade Market
and the ModulTrade Wallet, working on the
ModulTrade blockchain currency, MTRc.
Having already signed deals in China with successful adoption and use of
ModulTrade applications, the move into Africa marks a pivotal change in a market
where there are more smartphone users than those with bank
accounts. One of the key benefits ModulTrade provides is taking the
full trade cycle online. Trade can now be executed through
smartphones, tablets or desktop, with smart-contracts ensuring
trusted transactions between both buyer and seller.
SIMAT will benefit from the ModulTrade Market's capability of
cross-market trading, and the delivery of goods around the world.
This partnership will open the doors for MSMEs who have before
struggled to export and import through traditional trade flows.
The partnership with SERFIN will see ModulTrade's Wallet added
to 800 outlets as a choice for money transfer and payment, and the
ModulTrade Market a secure trade platform for SEFIN's clients – the
MSMEs.
The partnerships have been welcomed by Russian Ambassador
Vladimir Baikov, who agrees with the
need for a new platform like ModulTrade to allow easier and safer
cross-border trade and transactions for the African market.
Further to SERFIN and SIMAT, discussions are in place with other
businesses, of which partnerships will be announced in due course.
Current partnerships will commence with a pilot from July.
For further information about ModulTrade, visit
https://modultrade.com
MEDIA ENQUIRIES
For further information please contact Vyacheslav Novikov, Chief Marketing Officer
Email: vnovikov@modultrade.com
ABOUT MODULTRADE
The ModulTrade team aims to foster the next commercial
revolution in trade finance, with the ModulTrade Marketplace and
ModulTrade Wallet launched in early 2018. ModulTrade runs off a
smart-contract Blockchain based eco-system, bringing together a
comprehensive range of services for the full B2B trade cycle.
Operating globally, the platform allows for cross-border trade for
emerging markets and micro, small and medium enterprises. The
product is accessible online and through smartphones, allowing
complex trades to run in real-time, increasing efficiencies and
lowering businesses overall costs. The ModulTrade Wallet allows the
use of MTRc to make secure transactions across the Blockchain
eco-system and release of funds via the smart-contracts.
Related Links
MT Market
MT Wallet
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SOURCE ModulTrade