Philippine Government Accredited Company IMPERO and Coinstore Forge Strategic Partnership to Drive Blockchain and Web3 Advances in Southeast Asia

SINGAPORE, 9 June 2023 /PRNewswire/ — IMPERO Consortium Management Corp . (IMPERO) and Coinstore Pte. Ltd. recently announced its strategic partnership, garnering significant industry attention. This collaboration aims to unlock the potential of the cryptocurrency market The Philippines and Southeast Asia while driving the development of Web3 technology and finance. By joining forces, IMPERO and Coinstore will explore new opportunities in blockchain and fintech, and promote exciting developments in the region.

The partnership between IMPERO and Coinstore has enormous potential to reshape the landscape of blockchain, fintech and Web3 technologies. Emmanuel SamsonFounder and CEO of Impero Corp and member of the GICC-Impero Consortium says: “Through this initiative, companies can register to obtain an Offshore Digital Asset License (ODAL), offering them a regulated and well-organized community to operate within. We are pleased to provide this opportunity for businesses to thrive.”

With a global focus, the collaboration will utilize the blockchain ecosystem established by the Authority of the Freeport area of Bataan (AFAB) i The Philippinesthe first statutory blockchain ecosystem under Republic Act 11453, fostering an enabling environment for innovation and growth.

Key initiatives in this partnership include giving Coinstore representation in expanding global markets and identifying and managing potential business opportunities in blockchain, fintech, Web 3.0 and emerging markets. The collaboration will utilize AFAB’s three pillars: monitoring through audit, enabling environment and ease of doing business.

“We want to be the exchange to connect between different Southeast Asian countries, resources and help each other to grow,” emphasizes James Toh, Global Head of Business Development at Coinstore. “Our goal is to facilitate cooperation and development in the region.”

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A main goal of this collaboration is to develop a robust business model and effective associated marketing strategy that is in line with IMPERO’s goals, starting with a focus on the Offshore Digital Assets License (ODAL) business in AFAB. Both IMPERO and Coinstore will actively engage with customers and potential partners, promoting a collaborative approach to maximize success.

Over the coming months, the joint venture aims to introduce quality blockchain projects globally under AFAB’s blockchain ecosystem. Coinstore will assist with assessment and curation of projects based on strict criteria set by IMPERO. The development of AFAB’s digital ecosystem allows Web3 companies and entities to focus on their goals while benefiting from AFAB’s auditing, monitoring, enabling environment and ease of business practices.

The collaboration between IMPERO and Coinstore not only has enormous potential for The Philippines but is also consistent with the global growth trajectory of the Web3 market. Market research and consulting company Acumen Research & Consulting projects the global Web3 market to reach 81.9 billion dollars by 2032, with a compound annual growth rate of 44.5%. Targeting towards Asia-Pacific region, where Web3’s compound annual growth rate is approximately 47%, is of great importance. CoinGecko’s research also highlights The Philippines strong interest in Web 3 gaming-related searches from 2021 to 2023. By seizing the Web3 market in this region, IMPERO and Coinstore are well positioned to drive regional economic growth, empower local blockchain practitioners, and deliver tangible benefits to users.

As the partnership unfolds, IMPERO and Coinstore’s combined expertise and capabilities will continue to drive transformative advances in the blockchain and fintech space. This collaboration strengthens companies, individuals and the wider ecosystem by offering innovative solutions and opportunities for growth.

AFAB, an autonomous region and economic zone with its own charter and mandate, offers financial incentives to foreign investors. IN August 2019was signed into law creating a statutory ecosystem for blockchain, fintech, cryptocurrency, AI and other emerging technologies in Freeport area of Bataan, the first inn The Philippines. The business model includes the “Offshore Digital Asset License” offered by AFAB.

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SOURCE Coinstore.com