Offering the cheapest, fastest, and most transparent global remittance services
SINGAPORE, Feb. 28, 2017 /PRNewswire/ -- OKLink, the next generation global settlement platform, today announced the first completely free corridor for remittances. Transfers of up to US$100,000 per month in to Singapore will be free of charge for all of 2017.
Up to now, the cheapest way to make cross-border payments to Singapore has been through OKLink at 0.1% but some companies are charging up to US$5 per transaction.
Jack C. Liu, Chief Strategy Officer at OKLink, said, "As the world's largest global settlement network powered by blockchain, we can conduct cross-border payments faster and at a cheaper rate as more partners join the network. We believe that our initiative will make a revolutionary impact on the global economy, especially for markets with a high degree of overseas workers. There is no better alternative for Singapore today."
OKLink's global blockchain network is radically transforming the way money is transferred by both individuals and institutions, making it cheaper, faster and easier. Launched in August 2016, it currently offers payouts to 40 countries across Asia, Europe, and the Americas, and already has more than 100 partners on its network. As of December 2016, OKLink had completed over 10,000 transactions via its settlement network.
Transfers to Singapore can be made after registering an account on www.oklink.com, and can be paid out to the receiving account as quickly as within one business day.
About OKLink
Launched in August 2016, OKLink is a next generation settlement platform provider that gives every remittance and payment company the same cost advantage, global reach, and speed that took Western Union many decades to build. The company leverages the trust of the blockchain to connect and enable transactions between transfer and delivery companies worldwide using blockchain anchored digital assets and multi-signature technology. OKLink is growing rapidly with a payout network that is currently available in 40 countries across Asia, Europe and the Americas.
For more information, please visit oklink.com or follow the company on Twitter @OKLink.
