The B2C part of this Lakeba Group business is maintaining strong coverage in terms of monthly transaction revenues, but the more exciting area of the business is the incremental revenue being raised through B2B efforts by George Saad who leads the Paid by Coins venture.
The new contract with Ookami (ASK:OOK) positioned to grow into Australia’s largest blockchain venture company listed on the ASX, , puts Lakeba squarely in the right place to help Ookami extend their capital raising by enabling the acceptance of crypto payments. The broader benefit of this partnership also ensures greater exposure for Paid By Coins and Ookami, as a B2B solution in the fin tech space for other capital raising firms.
Ookami selected PBC as they wanted a simple integrated payment system that could be linked to their own payment portal and allows them to set up a cryptocurrency option.
Lakeba’s second B2B contract for their Paid by Coins venturesigned is with Crypterium. The company is headed up by visionary ex CEO for Visa UK Ireland, Mark Brody and his vote of confidence in PBC is a boost for the whole business. Crypterium has over 16,000 people on their database in Australia, and 400,000 globally so the exposure for PBC is promising as the gateway now allows Crypterium payments. Implementation will be completed mid-August.
Paid By Coins platform has recently rolled out two more cryptos for the payment gateway, Ripple and Bitcoin Cash, allowing consumers to use a diverse range of cryptocurrency in the most practical way to pay their bills via BPay or pay directly to any Australian bank accounts.