BLOK Technologies Inc. announced that Varipay Inc. and the company have entered into a Memorandum of Understanding (“MOU”) to collaborate on the development of a payment gateway to be integrated into the Greenstream Network, the blockchain-enabled supply chain integrity platform developed by Greenstream Networks Inc. This comprehensive MOU outlines the strategic partnership Varipay and BLOK Tech are forming to develop business opportunities in the industry. Under the terms of the MOU the Parties agree to: Varipay will provide payment processing capabilities to Greenstream, including API integration documentation, onboarding & operational support to facilitate the on-going development of Greenstream; Greenstream will collaborate with Varipay to integrate blockchain technology into Varipay’s technology solution; Varipay and Greenstream will agree on a revenue sharing model for each transaction through the Greenstream Network; Varipay and Greenstream will collaborate and support each other in the development and improvement of the payment gateway application, and the technologies of their mutual go to market offering; BLOK Tech, Greenstream and Varipay agree to collaborate with respect to the planning and design of financial services technology, blockchain technology integration and other business opportunities for the cannabis industry, as mutually agreed.