Following the Jamie Dimon’s strange rebuke of crypto currencies and Lloyd Blankfein’s ambiguous tweet about still making up his mind on the future of blockchain the enfant terrible, Modex, a smart contract marketplace based in London and Bucharest best known for its social money transfer app Moneymailme has announced its own initial coin offering (ICO).
Modex, considered the new kid on the blockchain is specifically building on its existing fintech payment application, Moneymailme to further the adoption of cryptocurrency for increased financial access.
According to the company, the Moneymailme app would be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem, which is in particular high demand in emerging and frontier markets across Africa, the Middle East, and Asia.
“Aside from the many well-founded reasons that financial leaders everywhere are becoming increasingly bullish on Blockchain, we at Modex embrace banking, business, and political leaders across the world who value the possibilities that cryptocurrency and Blockchain offer,” a statement by APO on behalf of the company read.
The statement said Modex, is a company facilitating the adoption of Blockchain as a new mechanism for expanding markets, offering financial access for hundreds of millions of people, and for creating wealth in new economic sectors and business verticals.
We are energized by the vast opportunity that this new borderless financial system offers investors, business leaders, and consumers everywhere.
“Our company is launching its Initial Coin Offering (ICO) later this fall to facilitate the launch of the Modex Smart Contract Marketplace (MSCM), a groundbreaking platform designed to connect developers and businesses and bring the benefits of Blockchain to the real world,” the statement stressed.
It added that the blockchain industry needs its own App Store to reach mass adoption, and that is what Modex provides a central platform that enables businesses to deploy smart contracts and blockchain solutions in their various verticals.
The Modex Smart Contract Marketplace provides companies with the ability to deploy smart contracts in industries such as financial services (payroll, P2P, interbank, et.), insurance, real estate, rentals, retail, supply chain, ecommerce, and much more.