Distributed Credit Chain (DCC), a banking ecosystem built on a public blockchain and Plug and Play China announced today that DCC has joined Plug and Play China’s ecosystem to drive the growth and development of the global fintech and blockchain industry.
Plug and Play is a global innovation platform headquartered in Silicon Valley that has built accelerator programs, corporate innovation services, and provides in-house VC options. As the newest member of Plug and Play China, DCC will hold a signing ceremony at Plug and Play’s Silicon Valley headquarters on July 19.
Plug and Play China has helped over 200 startups rapidly scale into thriving entities all over the world. DCC joins the community on the heels of a recent completion of its crowd sale which reached nearly 14,500 ETH in 20 minutes, and an additional $26.2 million fund raised in two rounds of private sales in the form of cryptocurrency.
“DCC’s mission is to transform the financial industry with blockchain technology and realize global inclusive finance. By joining Plug and Play China, DCC’s strategic global expansion efforts will be accelerated, enabling us to further drive innovation in the fintech industry.”
With a globally distributed banking model empowered by blockchain technology, DCC aims to dismantle the monopoly of traditional financial institutions, enhance the security of personal credit data, and lower the costs of borrowing as well as credit history verification. The DCC framework improves the overall efficiency of financial services, which benefits both institutional and individual participants.
“Plug and Play exists to fuel innovation and offer startups an opportunity to unleash their full potential. We are excited to welcome DCC into our community, and together, we aim to drive the growth and development of the blockchain industry.”