OKLink has established a partnership with South Korean financial technology company Bluepan, bringing the number of its South Korean partners to 53.

The development of financial technology is having a comprehensive impact on the entire payment field. The development of payment technology has accelerated the arrival of digital currency and even the "cashless" era. To a large extent, the payment and currency system can evolve into a huge accounting system, so it will naturally combine with new technologies such as the Internet and blockchain.

The blockchain financial network OKLink uses the immutable and traceable characteristics of blockchain technology to build a regulatory toolbox that includes many means required by regulatory authorities, so as to facilitate the implementation of accurate, timely and multi-dimensional supervision. At the same time, based on blockchain technology, OKLink can realize point-to-point value transfer. Through asset digitization and reconstruction of financial infrastructure architecture, it can achieve the goal of greatly improving the efficiency of post-transaction clearing and settlement processes of financial assets and reducing costs, and can largely solve the existing problems faced by payment. According to the market exchange rate, OKLink only charges users 0.5%. It is understood that the cost of users sending remittances to South Korea through the blockchain financial network OKLink is lower than that of old remittance companies such as Western Union and SWIFT. OKLink's rate is also lower than that of the emerging transfer company Transferwise, whose exchange rate is also surprisingly high.

OKLink currently covers more than 20 countries, including Southeast Asian countries, Japan, South Korea, Singapore, etc. Its main customers are small and medium-sized financial players around the world, including banks, remittance companies, Internet financial platforms, etc., with monthly transaction volume reaching several million US dollars. Recently, in addition to 52 banks in South Korea, OKLink has recently added a new partner, the financial technology company Bluepan. Since May 2015, Bluepan has successfully completed more than 40 million US dollars in remittances to South Korea. The powerful combination of OKLink and Bluepan will provide an absolute advantage that other remittance companies cannot provide. More than 100 partners of OKLink can directly remit money to any Korean bank account in Korean won.

OKLink has established cooperation with 52 banks in South Korea, including:

Bluepan CEO SangHyun Lee said about the cooperation with OKLink:

“We are very excited and honored to work with OKLink. Bluepan will use industry-leading blockchain technology to provide high-quality remittance services to OKLink partners. Growing together with OKLink and its partners is an important development opportunity for Bluepan.

It is reported that remittance companies that signed a cooperation agreement with OKLink before December 31, 2016 can also enjoy free cross-border remittance services for the first $100,000. In addition, Jack Liu Chengqi, Chief Strategy Officer of OKLink, said: "We hope to support the development of independent remittance companies by giving them new revenue opportunities and help them improve their user experience with more cost-effective remittance services." In addition, Jack said about OKLink's mission:

“We are not just a blockchain settlement company, we are committed to changing the global financial ecosystem.”