KinerjaPay Corp., a digital payment and e-commerce platform, on Tuesday (Sep 4) announced the completion of its acquisition of PT. Kinerja Indonesia after the signing ceremony of the agreement in Jakarta.
The Company will end its existing service agreement with PT. Kinerja Indonesia that was signed on February 20th, 2016, and to distribute existing 1,333,333 restricted common shares of KinerjaPay Corp to complete the process.
This acquisition also means that the Company now has the ability to consolidate its IP technology and manage its 1,500 square-feet data center located in North Sumatra. The Company plans to expand the data center business to provide cloud computing services as well as data mining from KPAY’s existing customer base. Also, the Company will start to evaluate the possibility of crypto mining using existing facility to mine multiple cryptocurrencies at low cost.
