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Blockchain Customer Reward Platform apM Coin Secures $5 Million Investment

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On March 30, the blockchain customer reward platform apM Coin announced that it had received an investment of $5 million and an optional cooperation contract worth $1.5 million fro

Blockchain Customer Reward Platform apM Coin Secures $5 Million Investment

On March 30, the blockchain customer reward platform apM Coin announced that it had received an investment of $5 million and an optional cooperation contract worth $1.5 million from DWF Labs. APM Coin stated that through investment and cooperation with DWF Labs, it will jointly develop and expand the inter chain payment solution of the APM Coin Project.

Blockchain customer reward platform apM Coin has received a $5 million investment from DWF Labs

The blockchain technology continues to make strides across various industries, and the latest beneficiary is the customer reward platform apM Coin. On March 30, the company announced that it received a $5 million investment and an optional cooperation contract worth $1.5 million from DWF Labs. This development will provide apM Coin with the required financial firepower to expand and develop the inter-chain payment solution of the APM Coin project.

What is apM Coin?

Before delving into the details of the company’s latest development, it is important to understand the basics of the apM Coin platform. The apM Coin is a blockchain project within the apM Group, which consists of more than 70 shopping malls in South Korea. The platform runs on the Stellar blockchain protocol and offers a reward system for customers who shop at apM shopping malls.
By integrating with apM’s existing reward system, apM Coin enables the spending of points, earned from shopping with different merchants, on other merchant brands while providing promotions and rewards to customers. The ultimate goal of the platform is to create a robust, cross-border payment system that will help merchants to accept payments while reducing the need for local currencies.

Understanding DWF Labs

DWF Labs is a blockchain-based investment firm that seeks to empower developers, entrepreneurs, and organizations to build scalable blockchain projects. The company invests in early-stage businesses and provides engineering, community, and marketing support to push the projects towards success. With this investment, apM Coin joins the likes of companies like ARPA and Bridge Oracle, who have also received investments from DWF Labs.

Joint Development and Inter-Chain Payment Solutions

With the $5 million investment, apM Coin has a chance to expand and develop its inter-chain payment solution. This move will require the development of a payment system that connects various blockchains on the Stellar network to facilitate payment actions between different merchants.
The payment system developed through this collaboration will be open source and use smart contract technology to help each merchant in the system to have a unique ID on the Stellar blockchain. This move will result in significant cost savings for merchants, as it eliminates the need for separate payment methods in each merchant store.
apM Coin’s cooperation with DWF Labs paves the way for the two companies to build a new payment system with enhanced scalability, security, and load balancing.

Benefits of the Joint Development

The investment by DWF Labs and the resulting cooperation between apM Coin will have several benefits for the two companies, and the blockchain community as a whole. These benefits include:

Reduced Transaction Fees

The development of a new payment system will help to eliminate the middleman in payment transactions, which should result in lower transaction fees for customers.

Improved Security

The development of an open-source blockchain payment system should lead to increased security resilience against fraud and other security threats.

Scalability

The inter-chain payment solution developed by the two companies should help to facilitate growth and expand the platform without significant scalability problems.

Reduced Costs

The use of blockchain technology should help merchants to reduce the cost of transaction fees, thus reducing their overall expenses.

Conclusion

The collaboration between apM Coin and DWF Labs is a significant boost to the blockchain community. With financing from DWF Labs and the joint development of an inter-chain payment solution, the wish for a more seamless payment system for merchants and consumers is nearer than ever. In the future, apM Coin expects to grow and develop on this new payment solution.

FAQs

1. What is the apM Coin platform?
The apM Coin platform is a blockchain project within the apM group, which consists of more than 70 shopping malls in South Korea. It offers customers rewards when they shop at apM shopping malls.
2. What is the Stellar blockchain?
Stellar is an open-source blockchain that allows for fast and efficient transactions.
3. How will the cooperation benefit the blockchain industry?
The joint development of a new payment system should result in reduced expenses, improved security and scalability for merchants and blockchain users.

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