Chinese-led blockchain application protocol based on Bitcoin Core Qtum and the blockchain-based community matchmaking pool platform Matchpool, have announced that Matchpool will dual launch on both Qtum and Ethereum.

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The Qtum Foundation is headquartered in Singapore and the main reason for the announcement is to help Matchpool extend its foothold in the Asian market.

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“By dual launching our platform on Ethereum and Qtum, we’ll be able to expand Matchpool’s presence in Asia, where the community is very active and supportive,” said Yonatan Ben Shimon, CEO of Matchpool. “I’m proud to be working with the exceptional team at Qtum as we usher in Matchpool’s next phase of growth.”

“We had an instant connection with Matchpool once we understood their value proposition,” said Patrick Dai, co-founder of Qtum. “There will be great potential when this is combined with Qtum’s mobile smart contract capabilities.”

Qtum delivers a smart contract platform running on a proof-of-stake consensus model for the first time, allowing individuals and businesses to use smart contracts on mobile devices while staking their Qtum holdings to secure the network.

There are now more than ten projects being built on Qtum, and the development team has joined several organizations to influence decision-making in key sectors.