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Wunong Technology, the Hong Kong-based manufacturer of digital currency and mobile payment technology, announced it has launched its first-ever mobile wallet.
The company is targeting a market of $50 million per year, according to the company’s CEO, Wong Yong-shing.
Wunng is using the bitcoin technology to deliver the company a better mobile payment experience.
Wunong’s mobile wallet, the Kandi Wallet, uses QR codes to unlock the wallet.
Once unlocked, the wallet can be used to make payments to anyone in the world.
Wunsong has partnered with two banks in Hong Kong, Wunsuan Bank and Wunan Bank Hong Kong and the company said its mobile wallet can now be used in more than 10 countries worldwide.
Wunsong said it has seen strong demand for the wallet among Hong Kong merchants.
The Kandi wallet will also allow merchants to accept bitcoin payments and has been used by merchants in Japan, Thailand, Malaysia, Indonesia and Malaysia.
Won Ho-lung, the CEO of Wununan, said it was important to introduce a new and secure payment method in a country where digital currencies are not widely accepted.
“Our aim is to establish a strong base of merchants in the Hongkong region.
By introducing bitcoin payments to the region, we hope to develop a strong market and make bitcoin a popular payment method for Hong Kong,” Won Ho-lsung said.
Wong Yong-shan, CEO of the Wunwong Group, said bitcoin was an important payment method and payment platform for Hongkongs consumers and businesses.
“Hong Kong is an important place for bitcoin as it has the highest number of bitcoin transactions per capita, with over 50,000 transactions in January 2018,” Wong said.
Bitcoin, the virtual currency created in 2009, has been gaining popularity in recent years and is now valued at $5.8 billion, making it the world’s third-largest cryptocurrency.
It is not uncommon for businesses in Hongkoung to accept payments in bitcoin, but it can be a difficult process to navigate for many.
Wen Yu-chang, the vice president of Wunsuwan Bank, said the company had partnered with bitcoin companies and established a working relationship with the bitcoin exchanges to offer bitcoin payments in the region.
“We want to establish the first Bitcoin ATM in Hongcêtos in the first half of 2020,” Wen said.