BitNicx Exchange Signs MoU with Efinity Social Enterprise to Provide Access of Clean Water to Rural Communities

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BitNicx Exchange, Malaysia’s first homegrown peer-to-peer cryptocurrency exchange and marketplace founded by local Malaysians, signed a Memorandum of Understanding (MoU) with Efinity Social Enterprise at Icube Innovation, Icom Square.

The exchange of MoU documents between the representatives (from left) Datuk Mohd Hazlin Mohd Mustazar (of Blockchain Academy Asia), Teng (of Efinity SE), Johnny and Douglas (of BitNicx Exchange)

The MoU was signed to declare their commitments to reach out to the rural communities of Sarawak to offer aids and basic necessities such as access to clean drinking water.

Present at the event were the founders of BitNicx Exchange, Johnny Bong and Douglas Bong, and the CEO of Efinity Social Enterprise, Teng Yu-Mein.

“I believe that clean water should come easy to all mankind, regardless of races, religion or political stand” says Teng Yu-Mein of Efinity. Teng is the inventor of the Efinity EX Water Cap, a valve system that allows the filtration and production of clean water. She developed the water cap back in 2016 to enable people living in areas with no piped water supply or electricity to have clean drinking water.

“We are thrilled to kickstart this initiative. Clean water is not just a necessity, it’s a right. We chose to collaborate with Efinity because of their strong team, vision, and focus. Their dedication to helping underserved communities in rural areas is second to none and we are excited to serve with them,” says Johnny Bong of BitNicx Exchange.

A short demonstration was first done by Teng on the application of the water cap. After the demonstration, Teng presented representatives from the local community with boxes of water cap with the help of Johnny and Douglas Bong.

The water cap has won several national and international awards and accolades, including Winner of the Anugerah Inovasi Malaysia from Ministry of Science, Technology, and Innovation (MOSTI) and Runner-up of the Swiss Innovation Challenge

“We hope this act will encourage other local businesses, be it small or conglomerate, tech or non-tech, to serve communities where they need it most. There is still a lot to be done, and if we all do our part, we can lift society up together and prosper together,” says Johnny Bong.

BitNicx Exchange is set to be Malaysia’s first homegrown peer-to-peer cryptocurrency exchange and marketplace founded by local Malaysians. The exchange is founded by Johnny Bong and Douglas Bong of Bong Technology Sdn Bhd. BitNicx Exchange is an escrowed peer-to-peer cryptocurrency exchange and marketplace where people can buy and sell Bitcoin and other cryptocurrencies easily and safely in Ringgit Malaysia with no capital deposits required.

About BitNicx Exchange

Bitnicx Exchange is the first homegrown escrowed peer-to-peer cryptocurrency exchange in Malaysia. It is set to launch on 1 March 2019. It was co-founded by Douglas Bong and Johnny Bong of Bong Technology Sdn Bhd. The company offers a platform for users to buy and sell Bitcoin and other cryptocurrencies securely and safely in Ringgit Malaysia with no capital deposits required. The company’s vision is to become the largest cryptocurrency exchange in Southeast Asia.

About Efinity Social Enterprise

Efinity Social Enterprise, was incorporated on 7th November 2016. The business focuses on the development and commercialization of new innovations, provides training and consultations to innovators. Their emphasis is on creating new innovations which are more affordable to poor and marginalized communities regardless of race, nationality, religion and political beliefs.

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Johnny Bong
BitNicx Exchange
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