Australia-based smartphone platform PLAAK has unveiled the new initial coin offering (ICO) with a multi-web payment wallet and attached debit card on its decentralised freelance app.

The PLAAK App is designed to connect customers and service providers, and its BIockchain Ecosystem facilitates direct payment without the requirement for a third party.

The addition of ICO feature enables payment freedom, allowing users to allocate funds within wallet and pay service providers with cryptocurrency using the attached debit card.

The PLAAK App ICO comes with a secure payment gateway and an option for real-time job searching.

PLAAK co-founders Chai Shepherd and Damian Robson said: “Our enhanced features will allow users to purchase and spend cryptocurrency just as if it were money using the debit card attached to the wallet.

“The PLAAK wallet can be used for asset management and is not just a freelance app.

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“Other wallets have one problem which is the ability to turn digital currency into spendable currency. We will solve that problem with the PLAAK ecosystem.”

Scheduled to be available through pre-sale in January next year, the ICO is also set to act as an investment fund platform.