25th
March, 2020, Singapore – Top 20 CoinMarketCap
Crypto Exchange BiKi.com is pleased to announce the world
premiere listing of Asia Reserve Currency Coin (ARCC) on the BiKi platform.
This coincides with the announcement that USD3.48
million has been raised by IBMR.io, an economic development reserve and advisory, in seed investments
into the ARCC Currency Reserve. The seed round comes as a basket of
cryptocurrencies that include ALGO, BTC and BNB, with the funding coming
directly from Borderless Capital (formerly Algo Capital) and others.
Corresponding with ARCC’s Reserve funding,
ARCC will be listed on BiKi Exchange on March 31st 2020. Platform users can
look forward to exciting benefits and rewards from trading ARCC. In return BiKi
will be providing promotional exposure for ARCC to a larger global market that
includes top Asian regions like China, South Korea and Vietnam. With access to
top crypto news sites like Jinse Finance, BiKi will implement continuous
marketing and community building with key opinion leaders (KOLs) in these
regions.
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“We’re beyond thrilled to be the first exchange to list the Asia
Reserve Currency Coin (ARCC),” said Ethan Ng, Southeast Asia CEO of BiKi.com.
“We fully believe in its mission to drive financial empowerment to the urban
working poor in Southeast and South Asia. Similar to BiKi’s belief in serving
the community first, we admire ARCC ideals to serve the unbanked, bridging the
gaps using blockchain technology. I truly respect Sinjin and his team for
utilizing blockchain in a real-world use case, allowing those unfamiliar with
blockchain and cryptocurrencies to understand its vast extent and benefits,
thereby building more confidence in this area.”
Microfinance
Platform to Promote Financial Inclusion
IBMR.io recently announced the launch of
its microfinance platform and dedicated token to promote financial inclusion in
Southeast Asia. The injection of funding
will help back the value of ARCC’s microasset token and ensure ARCC’s long-term
viability as an accessible and distributed reserve currency for the region.
ARCC provides the incentive for participation on the ARCC.one microfinance
asset management platform and is issued as an Algorand Standard Asset, ASA,
token.
“The
mission of ARCC is to bring socio-economic transparency and financial stability
to the urban working poor of Southeast Asia. We initiated and pushed this
project knowing that the scope was a loonshot and would not get the support or
validation from the speculative crypto market,” said Sinjin David Jung, founder and Managing Director at IBMR.io. “But with the economic shutdown
of the world due to the COVID-19 virus, nothing has justified our project more
to push forward to empower and equip those who are seen as inconsequential
collateral damage in this global crisis. We are extremely thankful for the
support and backing from both Algorand and Borderless Capital to establish ARCC
as the world’s first microasset. We have taken the first step to establishing
an accessible and distributed reserve currency for the urban working poor in
emerging markets. Our listing on BiKi.com is the result of three years of
dedicated planning and preparation and would have not been possible without the
visionary support and recognition by our strategic partners Algorand Inc and
Republic Crypto. Let’s do this and show what the promise of blockchain really
means for creating a new economic reality for those excluded from this one.“
Initiated in May 2017, after three years,
IBMR and ARCC are finally ushering in a new paradigm of microfinance and
empowerment through the direct support of debt-free capital to the urban
working poor.
“Republic is beyond excited to see
ARCC listed on the Biki platform,” said Andrew
Durgee, Managing Director Head of Blockchain at Republic. “Being partners
with both organizations, we see this as the perfect match of exposure and
drive. It’s not often in this industry that such talent coalesces into one project
but we are certainly seeing that with this launch. We will be keeping a close
eye on this one as the sky is definitely the limit.”
About
BiKi.com
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange
ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for
trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is
focused on providing the safest, most stable and most effective cryptocurrency
trading platform. 100% of the transaction fees are used in buyback and burning
of platform token, BIKI. Since its official opening in August 2018, BiKi.com is
considered one of the fastest-growing cryptocurrency exchanges in the world
with an accumulated 2 million registered users, 200,000 daily active users,
over 2,000 community partners and 200,000 community members. BiKi.com has
received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai
Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
About
IBMR.io
The International Blockchain Monetary
Reserve, IBMR.io, is a social impact economic development reserve and advisory
established to promote distributed inclusive economic development through
issuance of regional crypto currency reserves.
About
ARCC
ARCC token is the world’s first microasset
that aims to become a regional crypto-reserve currency backed by a
socio-economic information network and currency reserve structure. Built on the
Algorand decentralized protocol, ARCC plans to create long term impact through
entrepreneurial empowerment through a decentralized information network and
microasset management ecosystem for the urban working poor in Southeast Asia.
Media
Contact:
Marketing Team
Chang Jie Lin, BiKi.com
[email protected]
+65-94556702
Cecilia Wong, yourPRstrategist.com
[email protected]
+65-91826605
