Transparent Bitcoin Applications like OKLink Are a Huge Market in China, Says OKCoin's Jack Liu

Updated with comment from OKCoin regarding the analysis of the campaign. Notably, the campaign saw around half a million new accounts being opened, according to the exchange. The company said: "The campaign lasted for roughly a week, with a consistent engagement from the domestic market. OKCoin's red envelopes gave away a total of 10 million RMB, making this the largest initiative on Chinese soil." The digital-only giveaway, which stems from the Chinese tradition of exchanging red envelopes containing money, was conducted through the WeChat messaging app account of the exchange's OKLink....

In October 2015 Bitcoin Magazine covered the launch of OKLink, an open digital wallet created by Chinese Bitcoin exchange OKCoin, designed to allow national and digital currencies to instantly transact across borders and currencies, with no fees. “We can hide Bitcoin technology in the background,” said OKLink Chief Strategy Officer, Jack Liu, “and that’s what we have launched with a product called OKLink: a mobile wallet that allows you to hold a more comfortable type of value, like USD or CNY, but transact over the Bitcoin network.” Now incorporated as a subsidiary in Hong Kong and....

OKLink, a Hong Kong-based global blockchain money network, is offering $100 million in free remittance trades to international remittance companies in order to promote remittance payments and accelerate the growth of new money transfer companies. Remittance payments — earnings which foreign workers send home to their families around the world — may be one of the best use cases for digital currencies. The remittance market is estimated at $500 billion. Jack C. Liu, Co-creator at OKCoin, one of the world’s largest bitcoin trading exchanges, and Chief Strategy Officer at its subsidiary,....

When it comes to Bitcoin adoption and awareness, most of the money is flowing in through Chinese Bitcoin exchanges. Several major players, such as BTCChina, OKCoin and Huobi, are coming up with various tools and features to give them a competitive edge. And it is OKCoin who has come up with the very first Superwallet, a tool that gives mainstream consumers access to Bitcoin technology in the native currencies, starting with CNY. OKCoin’s Superwallet. Everyday consumers have a hard time wrapping their head around the Bitcoin technology due to the fairly steep learning curve involved in....

Indian Bitcoin company Coinsecure has announced a partnerships with OKCoin’s OKLink service. This partnership is intended to bring “blockchain technology powered remittance services in India,” Coinsecure said in a press release. Coinsecure, OKLink Partner in New Remittance Service. This partnership is part of an initiative by the new OKLink service to “provide [a] digital assets and blockchain based global transaction settlement system,” Coinsecure said in a press release. Furthermore, the company said, “with India being the largest inward remittance receiving country in the world, this....