Jetzt läuft die Peak Software auch auf der Chinesischen Bitcoin Währung:
Peak Implements Chinese Digital Currency
and Welcomes China's 2nd Largest Steel
Supplier to its Ecosystem
Montreal, Quebec--(Newsfile Corp. - December 11, 2020) - Peak FintechGroup Inc. (CSE: PKK)
(OTCQX: PKKFF) ("Peak" or the "Company"), an innovative Fintech service provider to the Chinese
commercial lending sector, today announced that its Gold River and Cubeler Lending Hub platforms are
now ready to support China's new Digital Currency Electronic Payment (DC/EP).
Unlike cryptocurrencies such as Bitcoin, China's DC/EP is legal tender, it's backed by yuan deposits,
centralized and not anonymous. It is managed by China's Central Bank, which requires the country's
banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and
citizens via mobile technology. The DC/EP took over five years to develop and is expected to help bring
China's unbanked population into the mainstream economy and accelerate the country's move to a
cashless society.
Peak began preparing its platforms for the DC/EP last month with the hiring of former People's Bank of
China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in that capacity.
Through Mr. Wu's expertise in the matter and his relationship with the Postal Savings Bank of China
(www.psbc.com/en/), one of a select few banks with the DC/EP API, Peak's platforms are now
among the first to provide clients with the ability to conduct DC/EP transactions. In addition to its inherent
security features, the DC/EP offers several benefits to businesses and financial institutions alike. For
instance, loans and credit transactions conducted in DC/EP will on average carry lower interest rates
than similar transactions conducted in regular yuan and transactions will be settled instantly, all of which
are expected to make DC/EP transactions the preferred way of conducting business in China, and a
way to increase transaction volume on Peak's platforms. The Company plans to run a pilot project
beginning later this month with a few supply-chain financing related transactions before making the
feature available to all Gold River and Lending Hub clients.
Peak's DC/EP pilot project will coincide with the arrival of Xingcheng Special Steel Works Ltd.
("XSSW") (xctg.citicsteel.com/) to the Cubeler Lending Hub Ecosystem. XSSW is a subsidiary of
conglomerate CITIC Ltd. (www.citic.com/en/). It's the 2
nd
largest supplier of specialized steel
products in China servicing a variety of industries and manufacturers with products such as bearings,
alloy steel wires, plates, rods and springs that go into the making of numerous products. Peak and
XSSW were connected through the Jiangyin Financial Centre following a series of financing requests
from Jiangyin manufacturers to purchase material from XSSW. By officially adding XSSW to Lending
Hub's list of approved suppliers and working in partnership with XSSW, Peak will now be able to offer its
supply-chain financing services to all XSSW clients through joint marketing initiatives.
Wall Street Reporter's NEXT SUPER STOCK Livestream- December 15, 2020
Peak will be a featured presenter at Wall Street Reporter's NEXT SUPER STOCK livestream
conference on Tuesday, December 15, 2020 at 1:00pm EST. CEO Johnson Joseph will discuss Peak's
latest news events and answer investor audience questions. Those interested can click the following link
to register and join the livestream: Next Super Stock Livestream Registration.
About Peak Fintech Group Inc.:
Peak FintechGroup Inc. is the parent company of a group of innovative financial technology (Fintech)
subsidiaries operating in China's commercial lending industry. Peak's subsidiaries use technology,
analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in
China's commercial lending space where lending operations are conducted rapidly, safely, efficiently
and with the utmost transparency. For more information: www.peakfintechgroup.com
