Source: Lynx Global
Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FSE: 3CT0) ("Lynx" or the "Company") announced that it has partnered with the leading provider of cryptoasset custody and trading solutions, Copper.co, to accelerate better financial inclusion to the underserved population in Southeast Asia, starting with the Philippines – a progressive digital payments market.
Under this association, Copper.co will provide secure custody and complete institutional cryptoasset trading solutions to Direct Agent 5, Inc. (“DA5”), Lynx Global’s group company, with operations in Australia and the Philippines.
“At Lynx, we are pleased to help play a pivotal role to enable and facilitate the digital transformation of the financial sector in underserved markets. The Southeast Asia region holds immense opportunities in digital economy, digital payments and digital asset adoption. To date, almost 500 million people lack any form of financial service offerings, and within Southeast Asia, it is cited that more than 290 million adults are unbanked. With this partnership, our business is well-positioned to take advantage of the tremendous growth opportunities that are available for our unmatched products to reach large, unserved populations. By combining Copper.co’s globally recognized institutional-grade cryptoasset custody solution with Lynx’s expanding regional local payment and financial infrastructure network, we can ensure easy access to financial services for all our customers,” said Michael Penner, Chief Executive Officer, Lynx Global Finance.
“We’re delighted to be supporting this fast-growing network. As Lynx Global expands their reach in the Southeast Asia region, we look forward to supporting them as they further their cryptocurrency offering and expand on their goals of providing more services for financial inclusion to serve the growing customer base that is becoming more educated and sophisticated in the use of technology and finances,” said Alex Ryvkin, Chief Product Officer, of Copper.
Lynx Global has been developing a strong financial platform through strategic acquisitions that focuses on enabling the growth of financial services in emerging markets. With DA5, the business continues to extend the unmatched benefits of fintech innovations to the unbanked/unserved population. As a part of its strategy. DA5 is an established, well recognized fintech provider in the Philippines. They have a national presence and trusted brand for comprehensive payment services including remittance, cash-in/cash-out locations, and bill payments. Upon receipt of the Philippine Central Bank’s approval, DA5 will be able to offer businesses and consumers various ways to digitize their cash through an Electronic Money Issuer (EMI) License and convert virtual assets to fiat currency through a Virtual Asset Service Provider (VASP) License. With support from Copper.co, DA5 customers will benefit from Copper’s multi-award-winning security technology, which uses the latest MPC (Multi-Party Computation).