On June 8th, 2019, the YAP CHAIN Structure introduced that they have actually acquired unique Oriental legal rights to the circulation and also advancement of APOS A8, the very successful Android POS (Factor of Sale) system produced by Ingenico (called LANDI in China). The bargain was protected via an agreement with ICG (Intelligent Discount Coupon Team Limited)
Ingenico is the globe’s biggest POS firm with an international market share of 40%. They are leaders in the advancement of straightforward repayment verification systems. Specifically, the APOS A8 wise POS terminal has the capability to press updates to various other POS tools making use of remote upgrade performance and also allows a selection of abundant usage instances via location-based solutions.
Under the agreement, the YAP CHAIN Structure gets unique legal rights to the item in Korea, consisting of circulation, system advancement, and also updates. They are likewise going after the advancement of Oriental bundle updates to POS tools presently set up overseas.
YAP CHAIN Structure Chief Executive Officer Lloyd Park claimed:
“Specifically, we are mosting likely to very first target 10 million POSs that are set up in China. In order for crypto money to be triggered, we require to have 3 beats of user interface, customer, and also solution (dApp) and also this unique POS agreement becomes part of our user interface technique.”
The Structure likewise wants to develop joint endeavors for unique legal rights in Sri Lanka, Malaysia, and also India, in maintaining with the future activation of the residential market.
Twenty sorts of crypto money, consisting of YAP CHAIN’s “YAP ROCK”, will certainly be sustained via the POS. The Structure kept in mind that they have actually created a system for online money exchange via the POS to make it possible for such repayments. On top of that, the firm has actually specified that it is modifying its local money technique, consisting of the launch prepare for University Coin, to put focus on the POS system.
Chief Executive Officer Park claimed:
“We obtained KC qualification as the very first international Android-based POS, and also currently had affordable questions from significant Oriental POS companies, straightforward repayment business, and also online money companies before protecting this agreement.”
The YAP CHAIN Structure is intending to establish an independent block chain community enhanced for Smart City which is a city functional system for companies, going shopping malls, and also cities. The YAP CHAIN system money is called “YAP ROCK”.
With the issuance of YAP Symbols, which is produced by YAP CHAIN, the Structure likewise gives city governments the capability to release their very own electronic money. In a similar way, university areas can make it possible for cryptocurrency economic situations via the issuance of university coins based upon wise agreements.
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