The new solution is set to make it easier to clear transactions in 150 currencies
Igoria Trade is a company traded on the NewConnect exchange run by the Warsaw Stock Exchange. Just a few days ago I wrote that the company was introducing a multicurrency IgoriaCard. The card allows its users to make payments in 150 currencies with low exchange costs and gives them access to a dozen free currency accounts. It turns out that Igoria had more surprises up its sleeve.
The company has published an investors’ report in which it announces the signing of a letter of intent with Billon, a company well known in Poland for providing blockchain-based services. Billon is working on finding a solution to the problem of the so-called durable medium in banking. It is also offering a blockchain-based mobile payment system that allows for transactions with real currencies like złoty or British pounds. Billon is the only Polish company that went through the British regulatory sandbox.
As you can see in Igoria's latest report, the letter of intent signed with Billon calls for a strategic cooperation in issuing multicurrency payment cards under the IgoriaCard brand and providing payment services to Billon customers. - Combining the multicurrency IgoriaCard with Billon solutions will enable us to perform and clear payments in over 150 currencies all over the world, using the Mastercard network - Igoria said in its report. Detailed conditions of the cooperation and the scope of services will be stated in the cooperation agreement signed by the companies.