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Crypto

Danal\'s PayProtocol, Squid cooperate on multichain payment and settlement infrastructure

Danal’s virtual asset payments firm PayProtocol is teaming up with global cross-chain infrastructure company Squid to build a system that allows digital assets on various blockchain networks to be used for payments and settlement at PayCoin affiliates. The companies signed a strategic agreement to connect the PayCoin mainnet and build multichain payment infrastructure. They will run a proof of concept to link PayCoin’s private-chain mainnet with external networks and assess commercialisation.

Games & Commerce

Google cuts Google Play fees in South Korea to as low as 10 percent, expands in-app and external payments

Google will expand payment options for Google Play developers in South Korea and cut service fees to as low as 10 percent. Developers can offer alternative payment systems or link users to external websites, subject to Google safety requirements. A 10 percent fee applies to the first $1 million of annual revenue generated on Google Play and to auto-renewing subscriptions. The changes take effect in South Korea on Dec. 31.

Crypto

Danal\'s PayProtocol starts open beta of on-chain finance infrastructure PayChain

PayProtocol, Danal\'s virtual asset payment company, will begin a corporate open beta of PayChain, an on-chain financial infrastructure aimed at expanding the Paycoin (PCI) ecosystem. The company said the open beta will run from Aug. 10 to Nov. 30, with companies recruited on a rolling basis. PayChain records payment-to-settlement processes as digital settlement slips, while limiting on-chain data to information needed for verification.