13 August 2019

WTIA and Sri Lanka Payment Gate KIKMA to drive cryptocurrency transactions

Sri Lanka —WTIA (Chairman Kim Geun-young) announced on the 13th that it had an agreement with FLIKMA PVT, a Sri Lanka Payment Gate company, in Chennai, India, on the 12th of the opening of WTIA Exchange Market in Sri Lanka. "We have agreed on a daily trading limit of up to $100 million in Sri Lanka," said Chairman Kim Geun-young at the ceremony. "We plan to increase the limit in the future, considering Sri Lanka's exchange marketability and potential.".

According to the company, the Sri Lankan company FLIKMA will step up its cryptocurrency trading by banking on its own brand KIKMA, the highest-profile payment gate in Sri Lanka. It added that the Sri Lankan Exchange Market agreement is the second of its kind after India and plans to open in time for WTIA's Global Exchange Market on September 9.

"Starting with India and Sri Lanka, we are going to open exchange of exchange markets in about 20 countries." said a representative for this company. Meanwhile, the WTIA said India's land area and population are so vast that it appointed the head of India's western region, which is divided into five areas, and the general manager of the northern region, to deliver the letters of appointment to three chiefs the same day.