How a South Korean Crypto Firm Became a Global Face Mask Exporter
A “medium-sized” South Korean crypto firm that built a facial mask factory as a response to the coronavirus pandemic has doubled down on its new line of business – and has won Amazon approval to start exporting its personal protective equipment to “Europe and the United States,” as well as approval from American health authorities.
Back in March, Cryptonews.com reported on Pandagram – the issuer of a blockchain mainnet and a native token. At the peak of the crisis, the firm set up a mask factory in Gunpo, Gyeonggi Province – on the outskirts of Seoul.
The firm used the plant to create an air pollution-resistant mask and a surgical mask in January. It began selling the items via its mobile app in April.
And it seems that as worldwide face mask demand continues to surge, the firm now wants to step up a gear – and go global.
Per Sports Seoul, Pandagram has won permission from Amazon to operate as an authorized vendor.
And the firm said it has obtained two key product regulation codes from the American Food and Drug Administration (FDA) that it believes will help its cause in the increasingly competitive global market. The blockchain company said it has been awarded FDA’s LYU surgical apparel product code, as well as the administration’s QKR code, meaning that its masks can be worn by public health workers.
Padagram said it has also recruited seven other companies to join its “Pandagram Mask Consortium,” with 12 more in talks with the company. Consortium members produce masks and sell them under the Pandagram trademark.
Of course, there is also a crypto angle to all this PPE (personal protective equipment)-related industry: Pandagram has launched a new Panda Mask-themed stablecoin to help it sell its masks.
The company said that if buyers decide to bypass Amazon, and happen to hold at least USD 84 worth of Panda Mask tokens, they can get discounts of up to 20% on purchase prices – as well as free shipping.