OKCoin was invited to attend the Korea Fintech Expo as a representative of blockchain companies

Recently, South Korea's "FinTech Conference & Expo" event discussed the FinTech 3.0 era. Topics included decentralized financial process solutions such as blockchain technology, and explored its impact on the world's financial ecology. Invited participants included entrepreneurs, investors, bankers in the FinTech field, and government departments around the world. In addition, China's first commercial blockchain application OKLink was specially invited to participate in the conference. OKLink Chief Strategy Officer Liu Chengqi focused on introducing the OKLink product at the meeting.

According to Liu Chengqi, OKLink is a new generation of global financial network built on blockchain technology, dedicated to promoting the comprehensive development of inclusive finance and reshaping the financial architecture system through blockchain technology. OKLink connects small and medium-sized financial participants around the world, including banks, remittance companies, Internet financial payment platforms, etc., and uses blockchain technology to greatly improve the transmission speed, cost, transparency and security of the financial network. The network has been joined by hundreds of partners around the world, covering more than dozens of countries and regions.

In addition, OKLink has a great advantage in technology. Based on blockchain technology, it provides highly competitive support for OKLink partners. OKLink products have the following four characteristics:

1. Business Globalization In the OKLink network, remittance business and collection business are separated, so that OKLink partners only need to focus on local business while enjoying the remittance/collection services provided by the OKLink network from global partners. OKLink makes it easy for partners to join the network, conduct business, and make money from remittance business.

2. Ultra-low remittance fees OKLink uses blockchain technology to allow remittance companies and receiving companies to pay and settle directly, eliminating all intermediary fees. Including all fees for OKLink and the receiving company, the entire network only charges no more than 0.5% based on the middle exchange rate, with no other hidden fees, and guarantees that the recipient can receive the agreed amount.

3. Fast Settlement The OKLink network uses digital currency as a medium for cross-border value transmission, and uses the "transaction and settlement" characteristics of blockchain technology to complete fast transmission, completing all remittance processes including payment, exchange rate conversion, and settlement within ten minutes.

4. Transparency and openness OKLink partners can publicly query the transactions involved, and all transactions can be traced. OKLink blockchain technology ensures that transactions cannot be forged or tampered with.

OKlink Chief Strategy Officer Liu Chengqi has a deep understanding of the small-amount cross-border remittance market. Liu Chengqi said:

"The traditional cross-border remittance business has high payment costs and slow settlement time due to the complex settlement system. According to incomplete statistics, the cost of overseas remittances of US$700 billion per year is as high as nearly US$70 billion, and it usually takes 2-4 days for the remittance to arrive. OKLink, a blockchain-based product, can achieve real-time settlement of payment and clearing. Funds will reach any corner of the world within 10 minutes and significantly reduce costs."

Finally, Liu Chengqi explained OKLink’s mission as follows: “We are not just a blockchain settlement company, we are committed to changing the global financial ecosystem.”