SINGAPORE, Aug. 19, 2022 (GLOBE NEWSWIRE) — Laundry Zone, a self-service laundry brand operating under COINUP, a strategic partner of VINU Network, opened 7 new stores in a row in Mongolia, officially setting foot in the Mongolian market.
COINUP originally launched Laundry Zone’s first and second stores in Mongolia back in 2019, but struggled with further expansion in Mongolia for two years due to logistical issues resulting from the Covid 19 pandemic. As restrictions eased, COINUP announced that they have opened up to 9 stores since January this year. Furthermore, it plans to open its 15th store within this year, aiming for over 100 stores in the capital Ulaanbaatar alone and 70 more around other regions by the year 2025.
Furthermore, COINUP has been strongly active and involved in the global expansion of offline stores as well as the start-up and operation of online stores within Metaverse. It discusses the use of NFT technology with the VINU Network, with the common goal of creating a business where anyone in the world can own and manage stores in a transparent and simple way.
VINU Network, an Ethereum-based real-economy Metaverse linked to real-world stores, is cultivating strategic alliances with global partners, starting with Alliance Laundry Systems, a global laundry equipment company and a partner of COINUP, and in talks with GS25, another partner of COINUP’s, to continuously expand the platform and its online/offline stores and increase the utility for users.
What is COINUP?
‘COINUP’ is a global company with over 30 years of experience in operating unmanned stores, with a major focus on unmanned franchise businesses. It specializes in fusing IOT, AI systems and 5th generation kiosks into its services, and although it has its own equipment brands, it also sells commercial washing equipment from LG and SAMSUNG Electronics. In addition, it is the official Korean distributor of ‘Speed Queen’, the top brand under ‘Alliance Laundry Systems’, which is the world’s leading laundry equipment company with more than 40% of the global market. Find out more about COINUP:
Currently, VINU Network is preparing to be listed on the global market.
More information about the VINU Network is available in the whitepaper.
Connect to the VINU Network via the following links:
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Media contact: Deena | [email protected]
Related images
Picture 1: COINUP Mongolia Store
View of Laundry Zone’s fifth storefront
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