The clarification has been necessary due to the COVID-19 pandemic, which has affected some of the company’s ability to grow and expand, including meeting specific deadlines.
However, project deliverables will be adjusted to a new schedule, Quanta revealed. The company also relies on its multi-utility token or QNTX to power a decentralised finance (DeFi) system.
A milestone in the advancement of the company has been the creation of the Quanta Pass Life Portal. The company has also been working on adding more features to the Quanta Pay wallet and its deployment on the Apple App store.
Despite the rough patch, Quanta has been able to post some good news, too, including the localisation of Quantapay for the Japanese market. Quanta is planning on a fundraiser and has built a system ingrained with KYC procedures to allow the company to operate as a verifiable financial entity.
The QNTX will also be re-listed on numerous exchanges and the company is launching a newsletter to keep stakeholders and the community updated.
With some delays still anticipated, Quanta has apologised for missing some of the deadlines, and said it would seek to enter the “bigger than life” part of the project’s development.