Smartlink announces partnerships with Zoompass Holdings — a publicly listed corporation — Blockgration Global Corp and Sourcing Force for strategic development.
Toronto, Canada, April 26 — Smartlink, one of the fast-rising projects built on the Tezos blockchain seeking to change the global payment ecosystem through its trustless, decentralized escrow service, has raised $500,000 in its first private funding round. The private token sale preceding the initial coin offering was oversubscribed and led by Zoompass, Blockgration Global Corp and procurement and sourcing software provider Sourcing Force.
A new wave of blockchain startups is making its entry into the space, championing the cause to promote the utility of smart contracts in the real world. Wanting to get in on the ongoing cryptocurrency revolution, investors are also unwilling to take the back seat, duly identifying suitable projects with futuristic business models. The Smartlink decentralized escrow platform, which was also designed as a marketplace for Web 3.0, has gathered interest from institutional backers and a growing community.
What Smartlink’s investors are bringing to the table
The backing of the Smartlink project by these industry leaders is a testament to the unique business model Smartlink offers, aiming to change global e-commerce and how we buy and sell goods and services in general. Besides the cash injection, these partners will bring their industry expertise to help the Smartlink project attain its predefined objectives. While the terms of this extra support are currently being finalized, the obvious benefits to the Smartlink ecosystem are innumerable.
Zoompass is a leader in the software-as-a-service ecosystem with extensive fintech capabilities. Drawing on Zoompass’ unique and comprehensive infrastructures that cut across blockchain-centric technology, asset tokenization, mobile payments and more, Smartlink will ride on these technological strengths to bolster its trustless payment designs. Zoompass’ broad network in the payment space across the globe will also help in facilitating a mainstream adoption of the Smartlink escrow services and marketplace.
BGC is a digital wallet platform, technology and payment solutions that will supply Smartlink with its expertise as a digital wallet solution. Smartlink will also benefit from BGC’s extensive link to trading platforms and exchanges to promote a genuinely vibrant ecosystem for its products. Meanwhile, Sourcing Force will help enhance Smartlink’s logistics and marketplace management through its strategic sourcing, supplier relationship management and other unique areas of expertise.
While the cryptocurrency ecosystem is growing and gradually gaining more mainstream interest, the support of these investors will help Smartlink change the current payments processing world through a refined set of use cases. Besides these highlighted core roles, it is worth noting that these partnerships are long-term. Over time, Smartlink will functionally evolve in ways that bring mutual benefits to its ecosystem partners and community as a whole.
Ben Constanty, CEO of Smartlink, said:
“The Smartlink project was born out of the need to usher in trust-as-a-service by creating a new model of payment for cryptocurrency users and the global marketplace to get more value from the space. Our project is built on the Tezos blockchain, guaranteeing an autonomous, fast and secure infrastructure. Crypto is still in its infancy, and our mission is to be here for many years to come. The team’s commitment to this cause is unwavering, and we trust that our growing community can join us in this exciting adventure.”
Smartlink is launching an initial coin offering on May 5. More information can be found here.
Smartlink is a company focused on building the future of the payments infrastructure through enforceable digital agreements, built-in escrow services and decentralized payments. Smartlink is built on the Tezos blockchain, and the SMAK tokens will power the ecosystem. Smartlink has a mission to serve as the go-to decentralized escrow marketplace for Web 3.0, with additional use cases ranging from powering freelance services, automating payrolls and more.