[Global Epic Reporter Seongsu Hwang] Samsung Gold and Singapore’s GAT Foundation signed a detailed business contract with Indonesia’s PAYAGO (one of the government-approved voucher issuers) in February 2023 regarding listing on Indonesia’s INDODAX Exchange.
Indonesia’s PAYAGO is PT. It is a brand company under Bisa Galata Teknologi. PAYAGO is a huge platform that provides financial technology and e-commerce systems to ecosystems such as “Koperasi” and “BPR” (Bank Perkreditan Rakyat). Payago started in 2017 as a digital wallet platform for startups of ID-Opentech Group and became independent in 2018 as a tech finance company.
Today, Payago is better known as a technical and business consultant in handling cryptocurrency projects, especially listings and campaigns in Asian markets. Payago is a platform for Indonesia’s cryptocurrency ecosystem, providing financial services such as savings, investment, and a loan system that can be linked to existing cryptocurrency projects.
At the conclusion of this contract, Mr. Taufik Ganesha and Mr. Raine Renaldi attended directly as a representative of each company. Mr. Taufik Ganesha is a PT. President of Bisa Galata Teknologi and PAYAGO Fintech, Mr. Raine Renaldi is currently the chairman of the ID-OPENTECH group and is said to be active in the refining world, to the extent that she co-founded KSDI (Koperasi Syariah Digital Indonesia) in 2018 with a senior bank and financial institution in Indonesia.
In particular, Indonesia is one of the countries with the fourth largest population in the world and a fast-growing cryptocurrency market. Currently, 13 cryptocurrency exchanges are operating under the approval of the Indonesian government. Among them, two exchanges are recognized as Indonesia’s representative exchanges, and INDODAX is said to be considered the number one cryptocurrency exchange in Indonesia. Cryptocurrency traders in Indonesia account for a large proportion in their 20s and 30s, and this is because cryptocurrency is highly recognized as a digital asset with high potential for future development among young people.
Through this business contract, Samsung Gold and Singapore’s GAT Foundation are incorporated into Indonesia’s sustainable marketability and institutional system, so they can sign contracts with local entrepreneurs familiar with the gold business and cryptocurrency based on market stability with minimized risk. By signing the agreement, barriers to entry into the Indonesian market were minimized. In particular, the GAT token of the Singapore GAT Foundation is currently listed on Uznex, the only cryptocurrency exchange in Central Asia operated by the Uzbekistan government. It is said that it is certain that this will be further realized.
Samsung Gold is a specialized precious metal import/export and wholesale/retail business that has provided smooth supply and demand for precious metal products in Korea and competitive prices based on decades of know-how in Korea. Payago was greatly recognized and signed a business contract. With this contract, Samsung Gold has achieved the achievement of pioneering a new channel to import, export and distribute precious metal jewelry products in Indonesia.
The GAT token, which is modeled on the profits related to the gold business of the GAT (Gold Apple Token) Foundation in Singapore, which signed a business contract together, plans to provide abundant product liquidity in connection with international gold trading and renewable energy fields.
Sumber : http://m.globalepic.co.kr/view.php?ud=2023021614035825589aeda69934_29