STK Global Payments Announces The STK Token, Providing Instant Cryptocurrency Payments At Point Of Sale

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STK announced plans for a Token Generation Event (TGE) which will run from October 25-November 3, 2017 with a pre-sale available to registered participants from October 11-24, 2017.  Proceeds from the sale will support ongoing development and future implementation of the STK token with partners around.

Built on the Ethereum Blockchain as an ERC20 token, the STK token will enable users to transact with cryptocurrency in mainstream markets and at brick-and-mortar stores without the cumbersome exchange process typical of most cryptocurrencies.

The STK token will be initially available through STACK – a digital financial services provider being launched in Canadalater this year. STACK was designed to replace traditional banking with smarter solutions to personal finance.

“We’re working towards a universally accessible alternative to traditional banking that allows you to store your money safely, access it instantly and transact with it anywhere, in any currency, including cryptocurrency,” said Miro Pavletic, Director of STK Global Payments. “Cryptocurrency is an emerging and exciting market, but it’s got a high barrier to entry. Through this partnership with STACK, we’re trying to simplify the Blockchain process so that you can use your STK tokens as easily as you would a debit card or cash.”

A lack of merchant acceptance of cryptocurrencies at point of sale and online means that consumers are currently required to exchange cryptocurrencies into local currency in order to make everyday purchases. And minimum confirmation times for bitcoin and ether are too long for day-to-day transactions. STK tokens will allow users to access a real-time exchange so cryptocurrency can be used for daily transactions online and in-store.

“STK aims to break down the cryptocurrency usability barrier and make crypto as familiar to use as traditional payments, all with no fees and no confirmation delays,” said Ethan Wilding, co-founder of Ledger Labs, and a founding team member of Ethereum. “To do this they are leading the way by implementing a cutting-edge Ethereum Blockchain technique called State Channels; this technique will be become the standard for many types of cryptocurrency payments.”

STK’s website and whitepaper recently launched at www.stktoken.com.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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