Align Commerce has launched a B2B-money transfer service in China
American blockchain-startup Align Commerce announced the launch of a new service that allows transfer money in and out of China. The fare is $ 8, regardless of the amount of transfers.
The promotion will last for eight days, starting from February 8 - the first day of the new year on the Chinese calendar - and ending on 15 February. The service is available for small and medium-sized businesses.
"The number eight is traditionally considered a symbol of good luck in Chinese culture, and we hope to extend the success to the world and help small business owners save money with our pricing action" $ 8 for eight days "," - quoted the executive director Align Commerce Marwan Forzli in the press fixing release company.
The service works with two currencies - the US dollar and the Chinese yuan. Extra charge for currency conversion is 1.9% of the amount of exchange.
The service is based on remittances blockchain technology that "will enable customers to monitor the process of cross-border payments in real time," said Align Commerce.
Align Commerce operates in 60 countries around the world: in 23 countries carried out services for sending and receiving payments in 37 countries - only issuing means (including Russia).
In November last year, Kleiner Perkins Caufield & Byers (KPCB) Venture Fund invested in Align Commerce $ 12,5 Mill.