With an aim to ease the daily transaction of Latin America residents through utility tokens, VIVOplay has developed a blockchain based platform VIVOpago to be launched during its token sale event. The event will be backed by Tokeny, the leading Luxembourg based Fintech company, as reported.

The primary reason for this initiative is to launch PAGO tokens which can be used to purchase various services offered by the blockchain platform VIVOpago. Users can utilize those tokens to pay for their daily expenses. With this initiative, VIVOpago has officially earned the position of a first-ever Latin American platform which aims to develop tokens having practical usage.

Also, users will also be entitled to buy premium video content using PAGO Tokens from VIVOplay, a live video streaming service operator. Similarly, advertisers, producers and creators will have advanced view measuring capabilities and can also access data on the distributed ledger. This will further improve the efficiency of the services creating a strike with the public’s interest while making VIVOplay the first dApp on the blockchain platform.

Regarding this, Carlos Hulett, Founder and CEO of VIVOplay commented that due to the restrictions involved in credit card and online banking solutions, various companies have faced losses that have reduced the growth index of Latin America to lower than expected. But, the PAGO Tokens ensure about no such stagnancy in the growth criteria, says Hulett.

Similarly, Luc Falempin, CEO of Tokeny stated that Tokeny is optimistic to be backed by VIVOpago blockchain platform. Tokeny has also ensured for delivering a hassle-free service starting from on-boarding of the investors to the delivery of tokens to making sure users get the best service through PAGO Tokens.