Top Blockchain Projects gather together with SK Jewellery, the largest Jewellery chain in Singapore, to push for mass adoption of cryptocurrency
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Top Blockchain Projects gather together with SK Jewellery, the largest Jewellery chain in Singapore, to push for mass adoption of cryptocurrency Bizkey Follow Jan 18, 2019 · 5 min read

Released by Bizkey Network Pte Ltd, 18 Jan 2019

Top blockchain projects gathered at SK Jewellery headquarters this Friday afternoon and signed an MOU for a campaign to boost cryptocurrency payment at retail level.

SK Jewellery, the largest jewellery retail chain in Singapore, announced today a new ‘Token Day’ campaign that will allow customers to make payment with cryptocurrency at SK’s new location in Marina Bay Sands Hotel from January 21st to 27th. This campaign coincides with Binance Blockchain Week, a special hackathon event followed by a blockchain conference sponsored by Binance, the world’s largest cryptocurrency exchange.

Facilitating the blockchain transactions is Bizkey, a crypto payment solution provider, best known for recently powering Singapore’s first auto purchase with Ethereum, and last year’s ‘Token Day’ campaign which enabled crypto payment at 30 retailers in Singapore’s Chinatown.

“We see this as a significant moment in blockchain integration”, says Ken Huang, CEO of Bizkey. “Previously it was difficult to convince merchants of the need to accept crypto, but bigger retailers like SK are coming forward and asking for this payment solution, which really signals mainstream adoption.”

Bizkey brings together well-known partners in crypto space to enable this campaign. “By bringing these partners together, we wish to set a new benchmark for crypto payment in the retail space. We believe that collaboration is key in pushing crypto payment for the industry” Ken noted.

imToken is the world’s largest Ethereum digital asset wallet, whose users account for roughly 10% of all Ethereum transactions. imToken provides access to Ethereum, BTC and EOS.

TrueUSD is a blockchain-based stablecoin pegged to the USD. In the TrueUSD system, US Dollars are held in the bank accounts of multiple trust companies that have signed escrow agreements, rather than in a bank account controlled by a single company.

Dai is the first decentralized stablecoin on the Ethereum blockchain, developed by the MakerDAO team. Dai is pegged to one US Dollar. Dai can be created by depositing Ether into a smart-contract, keeping it fully collateralized.

DigiFinex is a world leading digital assets trading platform, focusing on cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. DFT is the general Token issued by DigiFinex based on ERC 20.

EveriToken is the first token customized public chain for tokens in the world and aims to be the infrastructure for token economy.

Binance is the world’s biggest bitcoin and altcoin crypto exchange in the world by volume.

To encourage customers to give crypto payment a shot, the partners are giving out generous discounts.

SK is giving out discounts of 10% on diamonds and 20% on gold workmanship during the ‘Token Day’ promotional period for crypto users at SK’s newly opened Marina Bay Sands Hotel location, subject to a limit of $5,000 per customer.