Penn Asia, one of the Yeh Group Family of companies, announced that the company is integrating 7Plus Coin into its supply chain.
7Plus Coin was developed for payment and goods tracking for seamless transactions across the Yeh Group of companies. Penn Asia anticipates that the Coin will be embraced by hundreds of global pharmacies, private clinics, and hospital companies working in the healthcare space.
In recent years, the digital asset market has gained global momentum, achieved through frictionless money transfers, seamless electronic payments, and disruptive digital asset savings and lending programs. Currently, the digital asset market has an estimated global trading volume of $500 billion. The market is expected to continue growing exponentially, with trading volumes soon to reach trillions of dollars.
Besides, the market is also becoming more legitimized.
Case in point, Elon Musk recently and enthusiastically backed Bitcoin, declaring his support and confirming that the cryptocurrency is on the verge of broad acceptance. The increasing clarity of digital asset products and services is the reason 7Plus Coin has introduced SV7.
Penn Asia has developed safe medical apparel and guarantees all their textile products for essential medical use with waterless Drydye technology to help with water pollution. The company has manufactured fabrics for nearly all major intimate apparel brands for the Asian, European, and North American markets.
Mr. Jimmy Yeh, CEO and Founder of Yeh Group, said, “By integrating 7Plus Coin digital assets into the supply chain for Medical textiles, Yeh Group will ensure product integrity through the transparency provided by a blockchain. The opportunity to use cryptocurrency among sellers, buyers, and mediators make it easier to do business, which streamlines the supply chain.
Our end-users will be assured of product integrity, necessary for medically approved PPE gowns, medical masks, textile washable reusable gloves and many more related medical textile products.”
7PLUS Coin is an ERC-20 utility token built on the Ethereum blockchain. It has a total supply of 200 million tokens and is set at $0.1 per SV7 Coin during private and public sales, respectively. The COVID-19 pandemic has revealed ongoing and significant supply chain issues.
Every day, multiple entities simultaneously need medical textile products. 7Plus Coin, through The Yeh Group and Penn Asia, is designed to be part of the solution to manufacture, supply, and track medical textiles to support the healthcare system and all who need protection.
