What is OKLink? OKLink Review

introduce

OKLink connects small and medium-sized financial participants around the world, including banks, remittance companies, Internet financial payment platforms, etc., and then uses blockchain technology to improve the transmission speed, transparency and security of the financial industry. KLInk currently covers more than 20 countries, including Southeast Asian countries, Japan, South Korea, Singapore, etc.

OKLink currently provides payments in 40 countries across Asia, Europe and the Americas, with new international corridors added weekly. Working from our headquarters in Hong Kong and sister offices in Beijing, with a 24-hour customer support team, it’s easy to get connected in real time wherever your business is located.

Handling Fees

OKLink has established cooperation with 122 Indonesian banks to provide real-time remittance services for remittance companies, charging only 0.5% handling fee, which is much lower than other companies in the remittance industry. After DOKU joins the OKLink network, OKLink customers can choose e-wallet remittance method when remitting money to Indonesia.

mission

We are not just a blockchain settlement company, we are committed to changing the global financial ecosystem

model

OK Dollar is based on the US dollar, and its value is strictly linked to the US dollar. OKLink has set up a trust account through an overseas trust institution, and alliance members deposit US dollars into the account to obtain the corresponding OK Dollar. This arrangement eliminates the concerns of financial institutions about the security of the platform. At the same time, OKLink has also designed a mechanism similar to Alipay, where the downstream collection agency first pays the payee, and then obtains the funds remitted from the upstream remittance agency through multi-signature technology, thereby avoiding counterparty risk.

Cooperation Process

1) Comprehensive and in-depth investigation of partners

All of OKLink's partners are fully-equipped companies that meet local and international remittance standards. Before signing an agreement with a new partner, we will be required to review all the company's documents, visit the company's office address, and conduct a due diligence and strict investigation of the company's business scope, activities, transaction model and operation methods.

2) Strict “know your user” and “anti-money laundering” standards

All partners must pass the review of these procedures. In addition to passing the initial review, OKLink and its partners will also undergo irregular risk assessments in the later stages of cooperation.

3) Ensure a reliable payment network

OKLink has at least three partners in each country to ensure that there are alternative payment methods at all times. In addition, OKLink has prepared reserve funds at partner companies to ensure sufficient reserve funds. Before opening a new transfer and remittance channel, OKLink will conduct more than 1,000 transaction tests. At the same time, OKLink also requires each partner company to set up a special OKLink liaison post to ensure local contact with OKLink.

4) Money Back Guarantee

Although it is unlikely that OKLink's partner companies will be unable to transfer funds to the designated recipient, just in case, OKLink provides partner companies with a guarantee of up to US$200,000.

5) The platform is always ready to help you

LOGO upgrade

OKLink's brand value represents speed, efficiency, security and openness, serving financial institutions, financial services companies and ordinary users.

The new logo has been given new meaning. OKLink will use blockchain technology to build a fast, efficient and secure global financial network for financial institutions and individuals.

Development History

In November 2016, OKLink, a blockchain global remittance network, announced that it had begun working with DOKU to provide real-time mobile digital wallet payment methods for remittance customers to Indonesia.

honor

On November 16, 2016, the 8th Financial Technology and Payment Innovation 2016 Annual Event was held in Shanghai. OKCoin, as a practitioner of financial technology, was invited to attend the event, and its blockchain product OKLink won the Outstanding Contribution Award for Inclusive Finance.

References

• 1. Blockchain financial network OKLink creates low-cost cross-border remittance platform: Sohu [cited on 2016-11-01]