HONG KONG -- Shrugging off the financial regulator's caution against cryptocurrency investing, Hong Kong-based technology company Octo3 announced Thursday a public token sale to finance the upgrade of its existing payment processing network into a blockchain-enabled system.
The envisioned omni-channel transaction network, known as HAZZA, is intended to cut through layers of parties involved in the payment process -- such as issuers, payment method providers, acquirers and payment device makers -- so that can merchants access multifarious payment systems, including credit cards and mobile wallets, with lower costs.
