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Cloud Nine (CSE:CNI) adds former executive of PayPal Asia and CEO of GLOCONTECH to its advisory board

Technology
CSE:CNI
18 May 2021 12:30 (EDT)

Cloud Nine Web3 Technologies (CNI) has appointed Richard Oh and Eric Sim as strategic advisors.

Together, Mr. Oh and Mr. Sim bring decades of international experience in payment technology.

In addition to 18 years spent establishing PayPal’s payment network around the world, Richard Oh has been an advisor to several start-ups focused on payment, blockchain, social commerce, and artificial intelligence.

Eric Sim is a network, database design engineer, and project manager, and is currently running IT platform consulting firms in the payment, finance and media industries.

The new advisors will join Shin-Young Park, CEO of WePay Korea and Cloud Nine’s strategic advisor, on the advisory board. The board will work with the senior leadership team to develop and advance the company’s Limitless payment solutions.

Sefton Fincham, president of Cloud Nine, commented on the appointments.

“Richard and Eric are a brilliant addition to our team to help position Cloud Nine in the lead to capitalize on the growing demand for innovative payment solutions,” he said.

By combining a payment gateway, distribution technology, crypto payment systems, and blockchain real-time payments, Cloud Nine will enable users to access their data in a truly distributed fashion.

“I am thrilled to be joining the team at Cloud Nine to help accelerate the development of their innovative products,” said Richard Oh, a former executive at PayPal Asia. “There is so much work to be done in the payment space, and together we have a great opportunity with Cloud Nine to pursue a future where everyone has access to advanced payment solutions.”

Cloud Nine’s mission is to fuel innovation and make the future more accessible by powering the launch and growth of future tech companies.

Cloud Nine Web3 Technologies Inc. (CNI) is up 10.47 per cent on the day, trading at $0.95 per share as of 11:56 am ET.

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