Blockchain Startup BOScoin Signs Trilateral MOU With Queenbee And PayExpress

Blockchain project BOScoin has signed a trilateral memorandum of understanding (MOU) with blockchain startup Queenbee Company and blockchain payment solution provider PayExpress.

Launched by South Korean FinTech startup BlockchainOS in May 2017, BOScoin aims to enhance the way social capital is used to create products and services on its platform by funding projects which are expected to add long term value to the entire network. It provides a decidable and approachable framework for creating and executing contracts on the blockchain. The company is actively partnering with tech companies to apply blockchain in key industry areas to innovate and expand its business model and build up the BOScoin ecosystem.

Under the MOU, BOScoin will provide technical assistance based on blockchain technology and connect its ecosystem to the ecosystem of Queenbee, which fosters ecosystems through service development, financing, marketing and specialty services, in order to increase reach and create increased synergies. PayExpress will provide a suite of financial services, including blockchain-based payment service, loan services, mileage systems and global money services, among others.

“We will work with BOScoin to implement blockchain in to everyday life based on our experience in serving as a bridge in ten areas like securities, education, offline distribution channels, franchise business, entertainment business, sports and more to create synergies with BOScoin’s existing partners,” said Queenbee Company CEO Ganghyuk Lee.

BOScoin said that the partnership with Queenbee will help vitalize its ecosystem and contribute to business development.

“I consider the mutual efforts in fostering combined ecosystem with BOScoin, Queenbee Company and 20 industry partners very meaningful,” said BlockchainOS CEO Yezune Choi. “We will not spare any effort in developing mainnet technology required by our partners and ecosystem members while striving to perfect service quality.”

PayExpress CEO Jaehyang Kim said the partnership will enable the companies to become strong global players in the field of blockchain technology.

“With the joining of the two communities – tech and FinTech savvy BOScoin with marketing and financing know-how rich Queenbee, PayExpress will provide blockchain based payment system and mileage services,” Kim said.

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