VANCOUVER, British Columbia, Dec. 30, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the "Company") is pleased to announce that it has officially launched the RevoluEX Cryptocurrency Exchange ahead of schedule.
RevoluEX Vertical
RevoluEX is the Company's digital currency exchange permitting RevoluPAY app users to convert major cryptocurrencies directly, including BTC, ETH, LINK, XMR, XRP, XLM, DAI & LTC into Fiat money for instant deposit into their RevoluPAY E-Wallet.
PSD2 licensed RevoluPAY then allows users to immediately transfer the Fiat proceeds to a bank account, use them at over 53M VISA Merchants and +100M ATMs worldwide via their RevoluPAY VISA Card, or purchase goods and services from any of the Company's multiple revenue verticals. Internationally compliant DCE Huobi processes all real-time cryptocurrency conversions. All consequential Fiat currency flows are processed by RevoluPAY for the DCE affiliates, either for final credit to the registered RevoluPAY app user or, in a bilateral manner, for eventual Huobi affiliates. The Company expects partner user onboarding to gradually commence during the first fortnight of January 2021, with reciprocal promotional campaigns increasing progressively into February and beyond.
Cryptocurrency Exchange
Through today's launch, the Neobanking functionality of RevoluPAY continues to expand into a cutting-edge financial hub, embracing the current explosive growth of cryptocurrency in combination with one of the world's most prominent DCE affiliates. The increasing white-label use of RevoluPAY to handle payment flows for this, and other financial sectors should engender shareholder value, declaring the Company's entrance into the multibillion-dollar cryptocurrency arena.
Links Used in This News Release
RevoluEX Crypto Exchange https://www.revoluex.com/
Huobi https://www.huobi.com/
Huobi Daily Transactions https://nomics.com/exchanges/huobipro-huobi-global
About RevoluPAY®
The Company's flagship Neobanking technology is RevoluPAY®, the Apple and Android multinational payment app. Conceived entirely in-house, RevoluPAY features proprietary, sector-specific technology of which the resulting source code is the Company's intellectual property. RevoluPAY's built-in features include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail and Hospitality payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift Cards & Online Credits, Utility Bill payments, Leisure payments, Travel Payments, etc. RevoluPAY employs blockchain protocols and is squarely aimed at the worldwide multi-billion dollar Open Banking sector and + $595 billion family remittance market. RevoluPAY® is operated by the European wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona. RevoluPAY is a dual-licensed Canadian FINTRAC and European PSD2 payment institution 6900 under the auspices of E.U. Directive 2015/2366 with EU Passporting. RevoluGROUP Canada Inc. controls five wholly-owned subsidiaries on four continents.
About RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset, multidivisional publicly traded Canadian Company deploying advanced technologies in the; Banking, Mobile Apps, Money Remittance, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Online Travel, Vacation Resort, Blockchain Systems, and Fintech app sectors. Click here to read more.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com. The Company has approximately 171,645,885 shares issued and outstanding.
RevoluGROUP Canada, Inc.
"Steve Marshall"
______________________
STEVE MARSHALL
CEO
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
Facsimile: (604) 687 3119
Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
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RevoluGROUP Canada Inc. Launches RevoluEX Cryptocurrency Exchange TSX Venture Exchange:REVO - GlobeNewswire
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