Modex announces initial coin offering

modexThe Modex Marketplace. (Image source: Modex) Modex is building upon its existing fintech payment application, Moneymailme and announced the new launch in Financial Times Arab Banking and Finance report 


The app will be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem. Borderless social payment ecosystem is in particularly high demand in emerging and frontier markets across Africa and across the Middle East, and Asia

Modex is best known for its social money transfer app Moneymailme, addressed the Arab banking and financial community in the Financial Times this week with a bold announcement of its own ICO.

Modex is actively building strategic corporate partnerships with firms and organizations that seek to implement Blockchain into their business environments.

The full details on the app can be viewed in the white paper on their website here

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