KYN Capital Group Inc (OTCMKTS:KYNC), A NEVADA Corporation which has been re-positioned to be a holding company for acquisitions, entertainment, blockchain, crypto-currency and touchless payments, has recently collaborated with PaySimple, a subsidiary of EverCommerce.
The partnership was in consent to the National Homeowners Association d.b.a. BW Property Management Group. The collaboration among these three companies is majorly targeted towards creating a new platform under the brand name of Pay.How that would enable businesses to accept payments via credit card, ACH, as well as cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Elaborating on the collaboration, KYN Capital Group would earn revenue from PaySimple through its revenue sharing program that will further grow into a percentage of each credit card transaction. Gaining revenue from the collaboration is indeed a big opportunity for KYN Capital Group as it pursues to become a Nasdaq traded company. The company would become a revenue generator as it would be earning revenue from all transactions, whether clients pay via credit card or cryptocurrency.
However, BW Property Management would on a contrary require mini-franchise owners to leverage Pay.How for all payment processing. Solomon Williams, founder of BW Property Management Group, stated, “We decided to facilitate this partnership as we have processed millions in transactions using the PaySimple platform. The next steps are to grow the Pay.How platform to become the platform of choice for small businesses, homeowners and peer-to-peer transactions in the near future. This will now be made possible with the partnerships we have in place.”
Excited and elated on this venture, and all set to make it BIG, Rick Wilson, CEO of KYN Capital Group said, “With the technology stack we currently have in place for Pay.How, alongside the key players involved, we now have all the resources to compete with PayPal, CashApp, Zelle, and Venmo for managing payments. And by having exclusive rights to Pay.How, we see a very promising future as we continue to grow within this vertical.”
KYNC stock ended 2% lower after soaring 20% earlier in the session on Tuesday.