Satang, the main regulated and first digital asset change in Thailand, might be itemizing the primary fiat-pair for BAND on ninth July 2020 at 7:00 PM GMT+7. BAND token holders will be capable of leverage Satang App, a digital pockets related to the Satang Professional digital change and monetary banks to facilitate the entry and administration of cryptoassets.
This integration help extends to Satang Store, an e-commerce administration software the place distributors will be capable of obtain funds from prospects who pay with BAND in change for utilities, public transportation, on-line procuring, and extra.
Based by Poramin Insom who beforehand established the privacy-focused Zcoin, Satang is the one change that gives on the spot withdrawals and deposits of Thai Baht and is the one digital asset change software in Thailand to be ISO 27001:2013 licensed. Satang has additionally been built-in with Binance to open a Thai Baht fiat channel for customers to deposit and withdraw Thai Baht immediately into their Binance accounts.
“Offering essentially the most handy and trusted instruments to purchase and promote digital belongings in that energy the innovation of blockchain know-how in a extremely safe method is vital to Satang’s mission. On condition that we’re well-regulated by Thai authority, we solely help world-class digital belongings with actual adoption — we see Band oracles turning into a vital piece of infrastructure for DeFi and Net 3.zero functions.”
Poramin Insom, Founding father of Satang Company and ZCoin
Customers might be accessible to commerce
BAND/THB at extremely aggressive charges with minimal unfold on Satang which is secured by an insurance coverage fund of 50 million Thai Baht for his or her customers. Moreover, customers will be capable of leverage the Satang App, a digital pockets related with the Satang Professional digital change and monetary banks that enables customers to change digital belongings, mortgage crypto belongings with a easy transition to cell banking.
“Whereas Band Protocol is a mission spanning into supportive communities from throughout the globe, we’re extraordinarily proud to accomplice with Satang to extend the utility and accessibility of the BAND token to our fellow Thai group. The collaboration with Satang will take away limitations to entry, bringing the BAND token into the fingers of the Thai inhabitants together with distributors, merchants and supporters immediately by the Thai Baht native forex.”
Soravis Srinawakoon, CEO & Co-Founding father of Band Protocol
As thrilling as this preliminary change itemizing might be for the Thai group, the subsequent steps will embrace boosting the adoption of blockchain know-how and BAND tokens among the many Thai group by Satang’s varied channels to monetary banks, distributors and authorities enterprises.