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Polish Companies Igoria and Billon Will Cooperate to Create a Blockchain-Based Card

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.

Related: BZ WBK Is the First Bank in Poland to Implement Garmin Pay

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.

Related: Igoria Launches IgoriaCard, Hopes to Be the Next Revolut

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.


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