On April 25, 2018, VR Technology, the OKOIN project owner and ICO establisher, will officially present the OKO Pay global payment system based on blockchain and smart contracts.
The OKOIN project was initially developed for the internal needs of the company to sell VR OKO headsets and the relevant content all over the world, even in the countries where the “18+” industry is legally restricted. With the environment development, however, many partners have become interested in the system: production studios, sex shops, erotic clubs, etc.
” The original task implied making OKOIN a settlement system for the VR OKO environment. However, demand begets supply. If other market players are interested in the system, everyone interested might as well enjoy implementation. The token will only benefit from it.”
Roman Pavlovich, CEO VR Technology
As a result, the VR Technology management made a decision to develop a parallel project development path to integrate OKOIN in partners’ commercial systems. Thus, the idea of OKO Pay global payment system appeared.
OKO Pay Payment System
OKO Pay is a multi-purpose payment system for the “+18” industry. VR Technology has already signed 9 integration contracts. In other words, OKO Pay will be implemented on partner websites and launched in a test run mode upon its official presentation, so that any user will be able to buy goods and services for OKOIN 100% anonymously. It significantly establishes token positions on the exchange and promotes its price increase.
VR Technology is also negotiating with Damon Lawner’s private membership erotic theater, SNCTM. If the negotiations are successful, the club membership may be paid with OKOIN. The membership cost varies from $1500 (for one performance) to $1,000,000 (lifetime unlimited membership). By the way, Damon Lawner’s theater is organizing an exclusive performance at the OKO Stars party on the occasion of VR OKO and OKO Pay presentation.
For the moment, only VR Technology’s partners may preliminary apply for connecting OKO Pay. The global system will become available for everyone interested upon completion of the open beta (end of the second quarter – beginning of the third quarter of 2018).
Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!