Look out PayPal, here comes Paychest

An entity called MLON Ventures is acquiring a 60% stake in Paychest, the self-proclaimed “one of a kind 3rd party payment system”. If you’re not familiar with Paychest, you can review the product functionality they plan to offer, as well as their business strategy for competing with PayPal, on this impressive website.

Read the full press release from MLON Ventures here.

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