WENZHOU, China, Nov. 13,
2024 /PRNewswire/ -- ZK International Group Co.,
Ltd. (Nasdaq: ZKIN) ("ZK International" or the
"Company"), a leading engineering Company focused on
high-performance steel products, is pleased to announce its
preparation to accept cryptocurrency payments,
including Bitcoin, as part of its continued efforts to
enhance transaction efficiency and strengthen relationships with
its international suppliers, vendors, and local customers in
China.
This strategic decision allows ZK International to embrace
innovative financial technology, offering a secure,
decentralized payment option that aligns with the
evolving global business landscape. By accepting
cryptocurrency, ZK International aims to simplify and
expedite cross-border transactions, reduce currency exchange
barriers, and provide an added layer of convenience for its
international and local business partners.
"Digital assets like Bitcoin present a unique
opportunity for us to optimize payment methods," said Mr.
Jiancong Huang, Chairman of the
Company, "We are committed to adopting the latest technologies to
create a seamless experience for our suppliers and customers
globally, and cryptocurrency acceptance is a natural
step in that direction."
Through this initiative, ZK International seeks to:
- Facilitate faster, secure international payments and strengthen
its global supply chain.
- Provide flexible payment options to meet the demands of
digital-native clients and partners.
- Enhance its operational efficiency by reducing currency
conversion costs and delays associated with traditional banking
methods.
The Company is currently working closely with its technical team
and relevant financial service providers to ensure compliance and
implement a secure system for accepting
cryptocurrencies. As ZK International expands its
crypto capabilities, it remains dedicated to
transparency, security, and regulatory compliance in every aspect
of its operations.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
About ZK International Group Co., Ltd.:
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 28 patents, 21
trademarks, 2 Technical Achievement Awards, and 10 National and
Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly-sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It has
supplied stainless steel pipelines for over 2,000 projects, which
include the Beijing National Airport, the "Water Cube" and "Bird's
Nest", which were venues for the 2008 Beijing Olympics. ZK
International is preparing to capitalize on the $850 Billion
commitment made by the Chinese Government to improve the quality of
water, which has been stated to be 70% unfit for human contact.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend,"
"could," "estimate" or "continue" or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict and many of which are
beyond the control of ZK International. Actual results may
differ from those projected in the forward-looking statements due
to risks and uncertainties, as well as other risk factors that are
included in the Company's filings with the U.S. Securities and
Exchange Commission. Although ZK International believes that
the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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SOURCE ZK International Group Co., Ltd.