SnapSwap and EGAAS signed a service agreement to launch the Apla Blockchain Platform and begin the sale of APL tokens (internal tokens of the Apla platform). As part of the arrangement SnapSwap will allow its clients to buy and sell a virtual currency of the platform named “APL” using the existing payment infrastructure of SnapSwap to process payments in fiat currencies. These payments in fiat will fall under the European electronic money license currently held by SnapSwap.
Along with the payment service, SnapSwap is offering KYC onboarding for Apla’s platform users, which allows to identify, authenticate and onboard them. This project is expected to develop the blockchain industry and to foster innovation within the economy. Apla is an original and fully functional blockchain platform developed by the EGAAS team that will be ready for launch in Autumn 2018.