Funkeypay, a global cryptocurrency Peer-to-Peer (P2P) payment platform, introduced a blockchain model that ingrates P2P marketing with payment via SNS; the company announced on a press release, September 7.
First-Ever Blockchain Model Incorporated With P2P Marketing
The Seoul-based company aims to link SNS with direct commerce. On SNS platforms like Facebook and Instagram, Funkeypay is able to cater services to customers using P2P marketing tools developed by TicketSocket USA.
According to the release, TicketSocket’s P2P marketing tools include “highly efficient advertising tools that dramatically reduce costs.” Buyers can then purchase and pay for products with ease anywhere at anytime using Funkeypay coin (FNK).
To provide a first of its kind marketing and payment services, it has combined blockchain and the “world’s highest level” of security to payment API technology which is commonly used for FinTech and P2P. For Dr. Walter Tonetto, Vice President of the Global Blockchain Research Application Foundation (GBRAF), Funkeypay’s blockchain technology and the API composition of TicketSocket are very special.
Tonetto commented in the press release:
“When I think about this from the perspective of API, Funkeypay has a different, unique open API with TicketSocket Korea. It gives easy access to other applications and the ability to purchase things.”
David DH Kim, business developer and Director of DAO Consulting, evaluated the SNS ecosystem of Funkeypay as a really attractive business advantage. As stated, Funkeypay is an asset type ICO model that doesn’t need to create a new market. In other words, its service is an already-existing ecosystem which can be immediately applied and utilized.
The company explains that instead of paying for astronomical costs from creating an ecosystem, most assets are utilized as security guarantees for safe transactions. Funkeypay also boasts of the limitless potential expansion of the ecosystem in the future.
Funkeypay CEO Dr. Jung Jong Ki noted:
“SNS as a service market is already in full swing, but as a commercial transaction market, it is in early stages and will grow rapidly in the future. And Facebook will most likely be the first to gain control of the market.”
Funkeypay recently held a series of technical presentation meetups in Seoul (July 12), in Shenzen (June 30) and Ghaungzhou (July 7) China as well as in Japan (August 4). According to their release, several cities in Vietnam and China are asking for more meetups.
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