A Mauritius Blockchain company, Codevigor, has signed a cooperation agreement with WinstantPay, a Thai based outfit to utilise Blockchain technology. In a statement announcing the partnership on Thursday, WinstantPay indicated that the goal is to develop blockchain integration, especially with their WorkdKYC.
According to the global payment network, they are working in a thoroughly regulated environment. Therefore, combining Blockchain capabilities to what they offer through Smart Contracts for asset tracking and digital trusted keys is in progression.
The statement emphasised that their proprietary, patent-pending technology is integrated on the Ethereum immutable Blockchain to offer global traceability and accountability. Moreover, it guarantees full regulatory assent on the payment side with full GDPR compliance on the identity front.
A Win For Mauritius And Africa
In a chat with QT, Suyash Sumaroo, Founder of Codevigor, explained that the blockchain space went through a lot in the last few years, with failed ICOs and scams. However, the expectation is that these kinds of collaboration will increase in the future.
“What is happening is that Mauritian companies which properly invested in the technology can now see the real returns. Similar cooperation like these will bring new projects to fruition,” he pointed out. “Mauritian companies offer a high level of expertise in Blockchain technology, and hopefully, this trend will be replicated in the Mauritian economy.”
“We also expect more companies to follow the same path and be ready to export their services to other countries, not only in the African continent but all around the world. WinstantPay is on the road to some major innovation in the field of digital payments, and CodeVigor is very happy to be part of this development. We hope to work together with the WinstantPay team to deploy new and innovative solutions in the near future.”
Furthermore, Sumaroo disclosed the collaboration is more about innovation in the payment processor sector. It is about Mauritius and Africa exporting their technical expertise in the Blockchain technology.
In his remarks about the partnership, Rob Grantham, CEO at WinstantPay, expressed his company’s excitement concerning the integration of Blockchain technology into their products and services. He said:
“We are excited to utilise Blockchain technology to transparently track our Trusted Keys(WTK) globally. It will enable global usability of the WTK and merchants can rest assured that the keys have not been tampered with and are a valid payment device. We aim at having our WTK’s as a means of payment without the need for a mobile phone and the Blockchain will help us with that.”
WinstantPay is a global payment network providing merchants and individuals with a reasonably priced global final payment instantly, and in any currency, anywhere and anytime. It has integrated anti-money laundering (AML) compliance that reduces time, cost and risks associated with payments. The company offers financial institutions of all sizes in the last 18 years with financial services, software development, and business support. WinstantPay is also a founding member of WorldKYC-AML.
CodeVigor is a software development company, which specialises in the development of Blockchain and Cryptocurrency applications. The CodeVigor team believes that Blockchains and Cryptocurrencies are going to be the future infrastructure of various interconnected open systems, and CodeVigor aims to be at the forefront of this technological revolution.