OnePay Selects MatchMove to Connect Blockchain Assets to Paymentsby Fintech News Singapore November 4, 2016
OnePay, which connects blockchains to real-world financial services today, announced that it has selected MatchMove Wallet Operating System, to power ONEBIT, a blockchain wallet which lets users convert blockchain assets to local currency and make payments anywhere – the first of its kind in Asia.
“This partnership with OnePay further enhances the existing functions of the assets on blockchain with MatchMove’s Wallet OS capability. Enabled with our technology, OnePay users will now not only be able to make online payments, but also use it offline to make point-of-sales transactions as well,” said Shailesh Naik, CEO, MatchMove.
There is a growing worldwide acceptance of distributed ledger technology — popularly known as blockchain — and the view that it will bring a radical shift in the way we think about financial assets and the way the financial industry will operate in the future. Assets, stocks, and other digital tokens on the blockchain are perhaps some of the more powerful and exciting use-cases for blockchain technology. It would allow stocks, bonds, tickets, reward points, digital keys, and other assets to be exchanged securely.
Toby Hoenisch, CEO, OnePay, said, “The results that we have seen in our relationship with MatchMove has us astounded especially with how easy it was to integrate our blockchain with the MatchMove Wallet OS. This shows how quick and compatible both our technologies are with each other,” He adds, “This development is definitely a real breakthrough as Asia’s first blockchain wallet that will open the possibility of blockchain to end users.
“It is our commitment to consumers to consistently innovate and provide the best-of-class user experience solutions by integrating new technologies to our unique secured Wallet OS. By having OnePay now on board as a partner and user of the MatchMove Wallet OS, we will not only extend the new capabilities of the assets on blockchain to current users, but together, cater to new market segments who can use it as ‘cash’ for payments – made possible with our technology,” said Gitesh Athavale, SVP & General Manager, MatchMove.