Coinovy to Power Enverified Ecosystem

Coinovy to Power Enverified Ecosystem

Enverified signs Coinovy on as Transaction Processing Partner for Smart Cities

Singapore, October 31, 2022: – Enverified has signed the ‘blockchain bridge’ Coinovy as the exclusive transaction processing partner for all upcoming Smart Cities and Green Projects. Coinovy will support ENTOK (Token) Transactions across Enverified’s projects and partner networks.

Enverified is a decentralized verification and sustainability assessment system for smart cities that use blockchain technologies that drive environmentally sustainable projects and ecosystems. It enables an economically viable and sustainable means of ensuring balanced funding, development, and sustainability, resulting in the project’s ability to generate its own carbon credits. The Company further supports Carbon Neutrality through an incentivized circular economy, whereby its Official Token ‘Entok’ becomes a preferred mode of payment across its network.

The cryptocurrency ecosystem is built on four pillars: Blockchain Technology, Crypto Exchanges, Wallets, and Crypto to Fiat service providers. While there are several blockchain-powered platforms, exchanges, and wallets, only a few offer the ability to use cryptocurrencies in real-time for daily activities. Also, most of these C2F platforms are restricted by country legislation, limited bank accounts, and hefty transaction fees.

Coinovy is an End to End Crypto Transaction solution that offers a seamless Crypto to Fiat (C2F) and vice versa through its C2F platform. Coinovy is a next-gen crypto-to-fiat service provider where users can buy, sell, earn, and swap cryptocurrencies in three easy steps within 60 seconds. Coinovy caters to global traders and offers simple, quick, and secure crypto-to-fiat and fiat-to-crypto transactions.

The Company recently signed up with Mastercard to further expand its capability to increase digital currency utility and hence adoption. The Coinovy Mastercard is usable across all Mastercard-enabled stores and merchants. Moreover, cardholders can use the Mastercard to withdraw cash through ATMs. Coinovy offers three Mastercard memberships, Basic, Premium, and Business, with varying fees, credits, spending, and withdrawal limit.

Coinovy aims to simplify fintech and crypto-to-fiat transactions. The platform envisions bringing bank-like features to users without bank accounts. It gives the users the power to move their digital assets using traditional methods powered by crypto security and efficiency.

“The key to all progress lies in Collaboration and not Competition. Our principal plan mandated the development of a proprietary C2F platform; however, Coinovy’s technology and business stack made a partnership over ‘reinventing the wheel’, an obvious option. We are pleased to say that all those associated with Enverified and Coinovy can expect only the best, with both companies focusing on their core expertise.” said Dr, Lal Bhatia, Co-Founder, Enverified PTE LTD.

“A Partnership with Mastercard, followed by a multichannel transaction support alliance, 2022 is surely ending on a positive note for Coinovy. We are excited about the alignment with Enverified and eager to deliver above user expectations.,” said Sunil Kumar K – Director “Partnerships and Client Relations, Coinovy.

About Enverified PTE LTD. : – Enverified is a decentralized funding support system for smart cities using blockchain technologies that drive environmentally sustainable projects and ecosystems. It enables an economically viable and sustainable means of ensuring balanced funding, development, and sustainability, resulting in the project’s ability to generate its own carbon credits.

The Company roadmap is planned to Fund, Design, Develop and Manage holistic Green Smart Cities in partnership with Landowners, Governments, and Municipalities.

About Coinovy. : – COINOVY is a digital finances solution with digital assets that combine an unlimited number of wallets to send, receive, exchange, earn and borrow (All-In-One Wallet System). There are 4 pillars of strength which are technology, exchangeability, wallet solution, and last but not least, crypto to fiat. And to further enhance user experience, Coinovy will be providing a Debit Card powered by Mastercard for ease of transactions & liquidity, ensuring the utmost security by partnering with BitGo and further, to assist small companies with the function of Token to Crypto.

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