In the spirit of the Olympics and sustainable commuting, starting from August 1st, Hong Kong fintech company Blockbeat Technology Limited (BlockbeatHK) is partnering with local bike-sharing brand LocoBike to launch an exciting initiative. For three consecutive months, over 1,300 deluxe gift packages will be given away each month, with the first round of 500 gift packages kicking off immediately! This initiative targets new users who register a SPARK Wallet through the LocoBike app. Each IRIS Token gift package can be used to redeem a HK$59 LocoBike day pass, offering free cycling opportunities for LocoBike’s local users and global tourists visiting Hong Kong. This initiative aims to provide a more convenient, secure, and efficient Web3.0 payment experience, marking the beginning of a new era of “Web3.0 + Green Mobility”!

Instructional video: https://lnkd.in/gkjWi9VW

Blockbeat Technology Limited (BlockbeatHK) is a Fintech Company dedicated to building the Web3.0 global internet of value. Specializing in providing blockchain-based application services for Web 3.0 ecosystems, BlockbeatHK utilizes blockchain interoperability, NFTs, stablecoins, and smart contract technologies. Its client spans across a wide range of sectors, including global digital banking, metaverse platforms, e-commerce platforms, and more. Locolla Limited is Hong Kong’s sole bike-sharing operator. Since launching its services in Hong Kong in 2017, it has served over 600,000 riders. Locolla offers residents and visitors an array of low-carbon, environmentally friendly travel options, including shared bicycles and electric mobility devices. Through its self-developed technologies and products, Locolla aims to provide the public with healthy, green, and efficient options for daily commuting and travel. Previously, BlockbeatHK established a formal partnership with LocoBike, providing SPARK Pay, a Web3.0 business encrypted payment solution, to support LocoBike’s payments.

This initiative provides new users who register a SPARK Wallet through the LocoBike app with a giveaway package of IRIS Tokens. Each giveaway package can be used to redeem a HK$59 LocoBike day pass. IRISnet (also known as IRISHUB) is an Interchain NFT Hub designed for next-generation business dApps. Built using the Cosmos SDK, it facilitates cross-chain interoperability of NFTs, services, and on/off-chain systems. The IRIS Token serves as both the incentive and utility token of the IRISnet network, bridging the gap between blockchains and real-world business systems.

SPARK Pay, developed by BlockbeatHK using cutting-edge Web 3.0 and privacy computing technologies such as Abstract Accounts and Zero-Knowledge Proofs, is an enterprise-level encrypted wallet and payment solution. It aims to help traditional businesses easily embrace Web 3.0 and accept mainstream-compliant cryptocurrency payments. Its decentralized features allow merchants to manage assets independently, eliminating custody risks and the need to manage mnemonic phrases. Even if passwords are lost, users can quickly recover assets through social recovery features. SPARK Pay offers several key features, including T+0 payment settlement, rapid API integration, support for multiple mainstream networks and currencies, a comprehensive merchant management system, and detailed reporting functions. These features enhance efficiency and security for various e-commerce and trade platforms, expand payment demographics, and meet the diverse needs of both consumers and merchants.

Moreover, users can freely choose from various mainstream wallets for payments through SPARK Pay, including SPARK Wallet and Coinbase Wallet, among others. SPARK Wallet not only offers simple operations but also integrates numerous merchants, providing users with greater convenience. This giveaway activity will be distributed via SPARK Wallet, offering users opportunities to obtain more goods and services in future giveaway initiatives.

After the initial three-month period, BlockbeatHK will continue to collaborate with LocoBike from November 2024 to January 2025, targeting SPARK Wallet users with further giveaway packages. Users who participate in the first three-month giveaway package and complete payments will have the opportunity to receive larger giveaway packages. Stay tuned for more updates!

Click the video to learn more about LocoBike： https://www.youtube.com/watch?v=Ycxx0YV0Rck

Since the release of the “Policy Statement on Virtual Asset Development in Hong Kong” in October 2022, Hong Kong has made significant progress in legislation, regulation, industry support, and technological innovation related to virtual assets. The collaboration between BlockbeatHK and LocoBike exemplifies concrete support for Hong Kong’s real economy in embracing Web 3.0 through practical actions. In addition to providing a new green and eco-friendly leisure experience for Hong Kong residents and global tourists, this gift-offering activity represents a successful example of practicing ESG principles and developing the green economy, supporting Hong Kong in becoming a leading hub for green finance. Looking ahead, BlockbeatHK will continue to leverage its Web3.0 technology and fintech service advantages, collaborating actively with global partners like LocoBike to explore more innovative Web3.0 applications, facilitating Hong Kong’s transition towards a more open, green, and intelligent digital future.

Discover LocoBike shared bicycles in the areas listed below! Scan the QR code to ride and unlock an exciting surprise giveaway package!