Neurogine to roll out first crypto pay and pension platform service in Asia

Labuan, Malaysia, November 5, 2019 – Malaysian-based Neurogine Group announced it is due to release the availability of the first Crypto Pay and Pension Plan (CP3) services in Asia.

According Neurogine Group Chief Executive Officer Owen Chen, Neurogine’s CP3 service platform is scheduled to be ready by early 2020. “Countries in Asia have emerged as leaders in the cryptocurrency space and poised to become even more influential. As such, we foresee growing demand in Asia for our CP3 services. We deliver easy-to-manage capabilities, switch to any amount between cryptocurrencies and fiat currency from mobile devices and smartphones while accessing nCCex, our licensed crypto currency exchange platform,” he said adding Neurogine has partnered with Wisconsin-based Cornerstone Global Management LLC (Cornerstone) which is servicing select organisations and their employees in the United States with CP3 services.

CP3 services can deliver key benefits for commerce, banking and finance where its role, especially in governments and the public sector is of particular interest to many Asian nations. Chen said a key feature of its CP3 services is that subscribers can allocate and manage any amount of their salary to be switched into crypto currencies.

Neurogine acts as an intermediary and receive orders to immediately convert between fiat currencies and cryptocurrencies. “We will start with offering Bitcoin on our exchange, then progressively introduce LiteCoin, Ethereum and others at later stages,” said Chen. “The intelligent order-routing engine on nCCex offers best value pairing matches to maximise subscribers’ monetary gains, plus it allow subscribers the ability to transact with mobile wallets.”

Subscribers can adjust the amount of designated fiat currency, amount from their salary at any period, value of cryptocurrency and storage destinations like one or several mobile wallets, to even interest bearing retirement accounts that support cryptocurrencies. “Our CP3 services is scheduled to be rolled out by early 2020,” said Chen adding this service will see Neurogine Crypto (L) Ltd taking a key role. Neurogine Crypto, part of Neurogine Group, will market and operate CP3 in Asia. It operates in the jurisdiction of Labuan International Business Financial Centre with a globally accepted licensed credit token operator from Labuan Financial Services Centre.

“Our partnership with Cornerstone allows us to address exciting potential demand from Asia. It fits well with our expansion strategy into key growth markets in Asia specifically Indonesia, Japan and China, with markets in Cambodia, Myanmar, Vietnam and Thailand already in the pipeline,” said Chen. “This partnership can ready solutions to address current economic and social challenges in Asia.”

It will also further realise Neurogine’s ambitions of connecting Asia with mobile banking by providing a common salary based platform. The idea is right, the model is attractive and the market in Asia is warming up to this newer and more efficient way of better returns. “All signs point to Asia taking a more active part in the crypto space in the coming years,” he said.

Cornerstone Chief Executive Officer and Co-Founder David Schwartz, agrees on the potential within Asia as a whole and what this means for mass adoption on a global scale. “Announcing the United States as the first region of implementation for CP3 was obviously a big step forward as we help to make crypto feel just as easy and comfortable within a person’s life as the pay they would normally get from their employer.”

He adds, “Our partnership with Neurogine is significant. The Asian workforce is predominantly 35 years or younger, which supports the idea that someone’s option of payment should reflect their lifestyle choices. Southeast Asia is one of the leading regions in the world when it comes to adoption of cryptocurrencies, so this made perfect sense.” Cornerstone recently launched its CP3 services ahead of World Crypto Conference 2019 held in Las Vegas, Nevada last week.

Neurogine Group
B-3A-16 Block Bougainvilea, 10 Boulevard, PJU 6A, Sprint Highway, Petaling Jaya 47400 , Selangor, Malaysia

Press Contact
Owen Chen
E: owen.chen@neurogine.com
E: media@neurogine.com
T: 60320274781
W: www.neurogine.com

Neurogine Group provides mobile banking, mobile payment and exchange solutions to banks, financial institutions, telecommunication operators, Governments, municipalities and large townships in Asia. Neurogine technology has been adopted for use by banks in Cambodia, Myanmar and Indonesia. It is expanding into Vietnam, Laos and with its partnership with AllInPay Financial Holdings Co Ltd from China as well as other partnerships in Japan, it is poised for rapid expansion. Since 2014, Neurogine Group has established itself within Asia through strategic partnerships with entities like AllInPay Financial Holdings Co Ltd from China, PT Fortuna Media from Indonesia, CasperLabs LLC from USA and DSI Global Sdn Bhd from Malaysia. Neurogjne’s flagship products include nMPex, a mobile payment exchange platform, nCCex, a mobile crypto currency exchange platfor, nBank, a full suite of mobile banking platform, nPay, a fully integrated mobile payment solution with geo-location conveniences and payment options for Ali Pay, WeChat Pay, Union Pay, Visa and Mastercard. Neurogine’s technology is scaled to enable cross-border and multi-currency transactions in Asia including China and Japan.
Neurogine Crypto (L) Ltd is licensed by Labuan Financial Services Authority to operate credit token activities, in full compliance with Anti-money Laundering and Counter Financing Terrorism standards and practices established by Organisation for Economic Co-operation and Development and Financial Action Task Force.
token and payment services.

This release was published on openPR.