Mobilum Technologies Inc. (CSE:MBLM), a tech-driven company making digital assets and crypto-currencies accessible through traditional payment infrastructure, announced that it has signed a strategic services agreement with crypto giant Binance, the world’s largest crypto exchange globally through trading volume.
Vancouver-based Mobilum noted that the Binance platform is aimed at increasing the freedom of money for its users and features an unmatched portfolio of crypto products and offerings.
In a statement, Mobilum CEO Steven LaBella said: "The Mobilum team takes great pride in providing a quality suite of services for bridging the traditional world of finance to the digital world of finance.”
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He added: “We are delighted to work with Binance, the world's leading cryptocurrency exchange. That they have entrusted the Mobilum team to help in providing highly efficient, secure, scalable and fully-compliant payments infrastructure/rails to help with payment transactions and money remittance services, is a big accomplishment for our company and shareholders.”
Under the terms of the agreement, Binance will engage Mobilum's fully compliant payment institution infrastructure and payment rails. This will provide payment transactions and money remittance services for Binance, noted the company. More specifically, the company highlighted the following terms of the deal:
- Acquiring payment transactions services provided by Mobilum Pay to Binance connected with processing payments via the service within the Binance platform;
- Money remittance services provided by Mobilum Pay to Binance connected with the execution of transactions.
LaBella noted that Mobillum is "looking forward" to supporting the Binance team and “a long-term bilateral partnership".
Mobilum is a payment service provider with a mission to make traditional finance accessible through digital payment infrastructure and digital asset management technologies. The company's goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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