Global Compliance signs LOI with Blockkoin Exchange

Executive Summary

• Global Compliance Applications Corp. (GCAC) signed a non‑binding LOI with Blockkoin Exchange to launch EU‑regulated crypto‑fiat payment services capable of handling up to €1 million per day.
• The partnership is contingent on GCAD’s planned 50 % acquisition of RP Payment Services SL, a licensed Spanish payments institution that will provide the regulatory framework (MiCA & DORA) for the service.
• Both parties intend to negotiate a definitive agreement after the acquisition closes, positioning Blockkoin to expand its European footprint with compliant, real‑time crypto‑fiat payment rails.

Key Details

• Letter of Intent: GCAC and Blockkoin.io agree to explore a commercial partnership for EU‑regulated crypto‑fiat payments.
• Acquisition Condition: GCAC plans to acquire 50 % of RP Payment Services SL (a regulated Spanish payments institution) – the acquisition is required before the partnership can be finalized.
• Regulatory Alignment: RP Payment Services SL operates under the EU’s MiCA (Markets in Crypto‑Assets Regulation) and DORA (Digital Operational Resilience Act).
• Transaction Volume Target: Blockkoin.io aims to route up to €1 million per day in payment‑related transaction volume through the combined platform, subject to operational ramp‑up and market demand.
• Non‑Binding Nature: The LOI is non‑binding except for confidentiality and governing‑law provisions; a definitive partnership agreement will be negotiated post‑acquisition.
• Strategic Rationale (GCAC): Access to a fully licensed European payments entity enables compliant, scalable crypto‑payment solutions across the EU.
• Strategic Rationale (Blockkoin): Leveraging a MiCA/DORA‑compliant institution accelerates Blockkoin’s European expansion and provides secure, real‑time crypto‑fiat interoperability.

Notable Quotes

“This proposed partnership represents a significant step toward delivering compliant, scalable crypto‑payment solutions across the EU,” – Ryan Gibson, Director, GCAC.

“We are excited about the potential to work with a MiCA- and DORA-compliant institution… Access to licensed EU payment rails positions Blockkoin to scale its European operations responsibly and efficiently.” – Ken Finneran, Director, Blockkoin.