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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Huobi Technology Holdings Limited    1611   VGG4671J1012

HUOBI TECHNOLOGY HOLDINGS LIMITED

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Huobi Technology : Koinal Strikes a Deal with Huobi for Simpler & Faster Cryptocurrency Purchase

11/06/2020 | 07:55am EST

London-based cryptocurrency firm Koinal reaches agreement with Huobi to integrate its fast checkout system.

Koinal, known for providing safe, simple and fast cryptocurrency purchases using credit and debit cards, has reached an agreement with Huobi, known for its world-leading digital asset exchange serving professional users, to integrate their systems to provide a simpler and faster way of buying cryptocurrency.

This deal makes it possible for users to pay for cryptocurrency via Koinal using their credit or debit cards. Koinal's system will accept cards issued by Visa, MasterCard and China Union Pay.

The Koinal-Huobi integration will support many of the world's most established cryptocurrencies: Bitcoin, Litecoin, Ripple, Ethereum, Bitcoin Cash, TRON, ALGO and IOTA.

To celebrate this milestone, Koinal and Huobi are now offering a zero-free promotion for purchases of over $500 made via Koinal on Huobi through the 'Buy Crypto' gateway.

Currently there are geographical restrictions on using Koinal's fiat-to-crypto service. Specifically, its card payment system will not accept cards issued in the following territories: Afghanistan, Anguilla, Antigua Barbuda, Aruba, Bangladesh, Benin, Botswana, Brazil, Burkina Faso, Burundi, Cabo Verde, Canada, Central African Republic, Cote D'Ivoire (Ivory Coast), the Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Gambia, Guinea, Guinea-Bissau, Iran, Iraq, Kenya, Kosovo, Lebanon, Lesotho, Liberia, Libya, Malawi, Mozambique, Myanmar (Burma), Namibia, Nicaragua, Nigeria, North Korea, Rwanda, Senegal, Somalia, South Sudan, Sudan, Syria, Tanzania, Togo, Uganda, USA, Vietnam, Virgin Islands, Yemen, Zambia and Zimbabwe.

About Koinal

Founded in 2018, Koinal is a leading card processing company in the cryptocurrency market, which is headquartered in London and part of SG Veteris Limited. Koinal simplifies the fiat-cryptocurrency exchange and enables users to easily purchase crypto with Visa or Mastercard. With Koinal, the user has peace of mind as their sensitive financial details are never shared and payments are protected by sophisticated fraud-monitoring software and advanced encryption.

http://www.koinal.io/

Distributed by https://pressat.co.uk/

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
HUOBI TECHNOLOGY HOLDINGS LIMITED -6.99% 7.19 End-of-day quote.16.16%
MASTERCARD INCORPORATED -1.63% 328.99 Delayed Quote.-6.30%
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Financials
Sales 2020 277 M 35,7 M 35,7 M
Net income 2020 -32,6 M -4,20 M -4,20 M
Net cash 2020 45,0 M 5,80 M 5,80 M
P/E ratio 2020 -40,3x
Yield 2020 -
Capitalization 2 206 M 285 M 285 M
EV / Sales 2019 4,33x
EV / Sales 2020 4,61x
Nbr of Employees 622
Free-Float 39,8%
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Managers and Directors
NameTitle
Lin Li Chairman & Chief Executive Officer
Ruobing Zhao Chief Operating Officer
Li Zhang Chief Financial Officer
Xiong Fei Duan Independent Non-Executive Director
Wai Ming Yip Independent Non-Executive Director
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