NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / April 27, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) and partner iDrink Technology Co. Ltd., Taiwan ("iDrink") appointed a new marketing director with a track record of hundreds of millions of sales, to coordinate the marketing and sales strategy and teams of the newly launched projects: DeFi Plus and DeFi Global Supply Chain Finance (DeFi SCF).
DeFi is using decentralised technology that eliminates centralized processes and overcome geographical boundaries. Through blockchain, it is accessible any time, any place, beyond national boundaries to borrow and make payments. The platform matches the annualized interest rate, even monthly interest rate, of both lenders and borrowers. Under the direct-matched lending rate, the lender can obtain returns several times or even dozens of times more than the traditional interest rate. DeFi improves efficiency, reduces costs and makes financial services universal.
About DeFi Plus
DeFi Plus is the SUIC iDrink proprietary blockchain app that offers benefits derived from combined blockchain technology and smart contract technology, building an ecosystem without the burden of intermediaries and third parties, and offers high security of data storage.
About DeFi Global Supply Chain Finance Solution (DeFi SCF)
DeFi Global Supply Chain Finance Solution (DeFi SCF) is developed by SUIC iDrink in collaboration with Midas Touch Technology Ltd. DeFi SCF is a digital asset management platform where borrowing and lending transactions are materialized among SMEs through smart contracts, governance protocols, and digital assets. SUIC iDrink's DeFi SCF can empower these struggling SMEs to raise much needed financing through unconventional but complementary funding sources that are more accessible, secure and transparent. DeFi SCF's fully decentralized platform facilitates peer-to-peer liquidity among the SMEs without limitation anywhere across the globe, reinforced by smart contracts.
At present, the value of SMEs' final products and services accounted for about 60% of GDP, but the proportion of financing obtained was less than 40%. The World Bank estimates that 70% of all micro, small and medium-sized enterprises (MSMEs) in emerging markets lack access to credit. According to the report by DeFi Pulse, there has been noteworthy development and increase of DeFi projects. More SMEs invested heavily by 28-fold in DeFi than in established companies, reported in Emory University's recent research.
DeFi SCF aims to serve the "more than 90% of the world's SMEs because they not only comprise 50% of the world's gross value added, but SMEs employ up to 75% of the global workforce." (Source: The World Bank).
SUIC iDirink and Midas Touch is building the DeFi SCF global ecosystem of SMEs, investors, lenders, debtors, underwriters and members, who are also empowered to manage and govern it among themselves, having fair access to reasonable interest rate of working capital via a democratized DeFi SCF platform.
About Midas Touch Technology Ltd.
Midas Touch Technology Ltd. is a financial technology company established in London, UK, providing independent and professional trading strategies for high-asset individuals and private institutions. At the same time, it also launched the "Midas Touch" platform, an approachable trading method to allow users to participate in gold trading and profit from it. The core of Midas Touch lies in the use of mature trading strategies and an AI system to ensure the risk control of each transaction, so that the performance of gold trading can grow steadily. To learn more, please visit https://www.midas-touch.io/about/
About Sino United Worldwide Consolidated Company, USA
The Sino United Worldwide Consolidated Company provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com.
Certain the information set forth herein contains "forward-looking information", including "future-oriented financial information"; and "financial outlook" under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development, or otherwise under consideration; (vi) renewal of the Company's current agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained herein are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Sino United Worldwide Consolidated Ltd.
New Release Department
SOURCE: Sino United Worldwide Consolidated Ltd.
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