Breaking #Blockchain Stock News: GoverMedia Plus Canada Corp. (CSE: MPLS) (FSE: 48G) (WKN: A2JF6W) Announces Full Integration of a Cryptocurrency Payment Processing Technology
VANCOUVER - June 21, 2018 (Investorideas.com Newswire) GoverMedia Plus Canada Corp. (CSE: MPLS) (FSE: 48G) (WKN: A2JF6W) ("GoverMedia" or the "Company"), is pleased to announce today that its wholly owned subsidiary, GoverMedia Plus LLC has finalized the development and integration of a state of the art cryptocurrency payment processing technology within GoverMedia's ecosystem. The processing technology is expected to be ready to market within the next few weeks.
Through this software integration, GoverMedia will offer online merchants, i.e. its target enterprise customers, the possibility to accept and process transactions in cryptocurrencies (primarily BTC and ETH) and FIAT currencies. As a transaction is processed online, the processing technology will instantaneously convert the received cryptocurrency into FIAT, mitigating the volatility risk of cryptocurrencies. Among other benefits, online merchants will receive post-transaction accounting and back office reporting statements for all cryptocurrency related payments. In terms of monetization, GoverMedia intends to offer this processing service as a Software-as-a-Service to online shops wishing to accept cryptocurrency payments on their respective website. The cryptocurrency payment technology is fully compatible with the Company's ecosystem and requires no additional development costs. The processing can be implemented within any payment system offered by commercial banks. All activities for accepting and processing cryptocurrency payments within this offering will be in carried out in strict accordance with the existing anti-money laundering and know your client law in the Russian Federation.
In addition, in the future, GoverMedia plans to offer the cryptocurrency processing as a license to other internet companies. The pricing model for the licensing service as well as collaboration scheme are currently under strategic review and will be finalized shortly.
The CEO Roland J. Bopp commented "This integration is the result of our continuous efforts to incorporate cryptocurrency and blockchain related services into our ecosystem. As the rise of popularity and transaction volume in cryptocurrencies continues, crypto-traders are looking for solutions to convert their trading profits into purchasing power, and our new processing solution allows just that. Ultimately, we envision an internet ecosystem, where our users will never need to leave our platform to perform an online action."
About GoverMedia Plus Canada Corp.
GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. http://www.gm.plus and http://www.govermedia.plus.
For further information, please contact:
Roland J. Bopp
President and CEO
This press release is not an offer of securities of the Company for sale in the United States. The Common Shares of the Company may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act"), or an exemption from such registration. The Common Shares have not been and will not be publicly offered in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of GoverMedia. The words "will", "may", "anticipate", "intend", "plan" and similar words and expressions are used to identify forward-looking information. These statements include that the Company will resume trading on the CSE. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of GoverMedia's management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, GoverMedia's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of GoverMedia. GoverMedia disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.
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