With integration of the Myticket.asia and Glitzkoin systems almost complete, the Myticket – Glitzkoin partnership is all set to launch in the first quarter of 2020. This confirmation comes just weeks after the DiaEx diamond trading platform, was successfully put through a pilot run by conducting actual transactions.
As per the agreement between the online ticketing giant and Glitzkoin, the Myticket.asia portal will accept the GTN token as a mode of payment. The objective of this partnership is to increase usage for the GTN token.
The crypto community has actively supported the GTN token and patiently waited for the implementation of the Myticket – Glitzkoin deal. This marks the third source of demand for the token. The other two sources are the DiaEx platform and the trading of GTN on crypto exchanges.
With the DiaEx full launch scheduled for the first half of 2020, the GTN token will have all 3 demand sources running within the year. Just to recap, the token is the designated mode of payment on DiaEx. GTN has been trading on the crypto exchanges since July 2018 and has been warmly welcomed by both, seasoned and casual crypto enthusiasts.
Lila Ruzaini, Business Development Manager at Glitzkoin talks about the Myticket partnership, in her words ‘… the acceptance of GTN on Myticket is just the beginning, negotiations are underway with a range of businesses in various industries for a similar arrangement …’.
Glitzkoin promoter and CEO Navneet Goenka is confident that, the GTN will stand up to its reputation as a ‘multifaceted crypto’. In his words, ‘… it was never an easy task to explain to an audience why, GTN was a multifaceted token. We pushed the project well beyond what was stated in the White Paper. It is common knowledge that, an increase in demand has a favorable impact on the price. We are therefore focused on building multiple streams of demand for GTN’.
The Myticket-Glitzkoin payment partnership is just the beginning of a process to widen, the usage of the GTN across other businesses. The marketing unit at Glitzkoin working in coordination with the business development wing, has been working on a range of promotions and discount models to encourage Myicket clients to pay using GTN. This is an ongoing effort that will be applied to other businesses offering similar payment options.
GLITZKOIN: Glitzkoin is developed on the Stellar blockchain. The project includes the multifaceted GTN token that currently trades actively on 3 crypto exchanges (Cointiger, Stellarport and Dobitrade). Glitzkoin makes a direct connect to the multibillion dollar diamond industry. The project is promoted by second generation diamond veteran Navneet Goenka, it aims to improve productivity and market scope for the glittering industry. A comprehensive diamond trading platform (DiaEx) is part of the project, it supports both B2B and B2C trade in diamonds. As mentioned above GTN is traded by crypto traders on three exchanges, it is also designated as the mode of payment on DiaEx.