Embily is pleased to announce that as of 15 of August 2019 Embily’s prepaid card business was officially acquired by Blockchain International Group (B-I-G).
For the last two years Embily has been working hard to deliver the market a solution that would allow businesses to issue digital asset enabled debit cards to their clients. The company focused it’s efforts on the Asian market, leading force in digital asset liquidity, seeing great potential to roll out such a product here.
We have managed to put together a product and roll it out to the market overcoming legal and regulatory uncertainty that surrounded blockchain-related projects two years ago. At that point Embily and B-I-G entered into a partnership where B-I-G became the sole distributor of Embily cards in Asia and later worldwide.
After a year of successful partnership, we decided that we would like to focus on other products and services and feel that B-I-G will be more successful having full control over the prepaid card business. An offer was made and accepted, so as of today Embily prepaid cards are officially owned and managed by B-I-G. Under the agreement, B-I-G has rights to use the Embily brand for a period of 1 year in relationship to prepaid card business only.
We wish the best of luck to B-I-G and hope we can work together on other projects in the future. In the meantime, we are working on new fintech products to offer, stay tuned.