SK Jewellery reviewing crypto plans as Bizkey deal expires

Singapore

SK Jewellery Group said on Tuesday that it is "evaluating its plans" to integrate the acceptance of crypto currencies at its outlets, following the expiration of its memorandum of understanding (MOU) with blockchain-based point-of-sales (POS) systems provider Bizkey on Jan 27.

The group said on Jan 18 that its subsidiary SK Jewellery has entered into an MOU with Bizkey. Under the MOU, the group worked with Bizkey to integrate six variants of crypto currencies into its POS systems, commencing initially at its newly opened outlet at Marina Bay Sands, followed by all its other outlets upon "successful integration".