mPay and Rafał Zaorski will introduce cryptocurrency

2021-11-23 08:07

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2021-11-23 08:07

mPay and Rafał Zaorski will introduce cryptocurrency
mPay and Rafał Zaorski will introduce cryptocurrency
/ mPay

MPay has signed an agreement with Rafał Zaorski and its related company, Dark Pool One, regarding the introduction of a stablecoin.

– mPay, Dark Pool One and Rafał Zaorski undertake work on the project of introducing Stablecoin and the tab – crypto currency wallet – to the services provided by the company as part of the mPay application – informs the company listed on NewConnect. Zaorski sits on the supervisory board of Dark Pool One, which operates in the segment of decentralized finance (DeFi).

The aim of the project is to enable mPay application users to purchase Stablecoin units (this is the term for low volatility cryptocurrencies related to traditional currencies), to transfer them to accounts and wallets independent of the mPay application, and to pay for tickets and other fees in which the application offers payment intermediation. mPay.

– The intention of the parties is to extend the project in the future with the possibility of storing cryptocurrencies other than Stablecoin purchased by users in the mPay application; The company undertakes to actively implement the Project in the mPay application, in particular through cooperation with investors – added.

The agreement was concluded on the condition precedent of obtaining the approval of the mPay supervisory board, which the company intends to obtain within 14 days of signing the agreement. The provisions of the Agreement will be implemented in the next few months.

The announcement about signing the contract was released yesterday at 21:00. Already during Monday’s quotations, mPay shares went up by 12.78 percent, reaching PLN 1.5 per share. This is the first significant increase in the rate since mPay fell by around 50 percent two weeks ago. It was the market’s reaction to the objection from the Polish Financial Supervision Authority regarding the acquisition by mPay of Dom Maklerski Banku BPS. The company applied for the revocation of the decision.

MZ

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About Alex Marcell

He likes dogs, pizza and popcorn. Already a fanboy of Nintendo and Sony, but today throws anything. He has collaborated on sites and magazines such as GameBlast, Nintendo World, Hero and Portal Pop, but today is dedicated exclusively to Spark Chronicles.

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