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
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
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
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 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.
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.