Fintech Select Files Provisional Patent Application for Swipecard Cryptocurrency Accessibility

2017-11-21 07:25 ET - News Release

 

TORONTO, Nov. 21, 2017  -- Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to announce that it has filed a patent application for its propriety POS (Point-of-Sale) Cryptocurrency platform.

 

The company believes that it's POS Cryptocurrency exchange platform carries competitive advantages when compared to Bitcoin ATM's and regular online exchanges and thus has taken action to protect its proprietary process in the marketplace.  Unlike other platforms that can only print vouchers or use high fees to transact through ATM's the Company’s Selectcoin platform interconnects a merchants POS system with an exclusive closed loop card and digital wallet in a seamless eco-system.

Fintech Select will be updating the market shortly on the official soft launch of the Selectcoin platform and the active locations for the launch phase.

 

“We are thrilled with the execution of the entire team during this pivotal time for the company and truly believe that the patent filing will create a long-term revenue stream and return value to shareholders while simultaneously highlighting and strengthening our market leading offering,” states Mohammad Abuleil, CEO and President.

 

About Fintech Select Ltd.

 

Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. 
Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike.Fintech select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned.
Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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FOR FURTHER INFORMATION PLEASE CONTACT:

David Vinokurov
Investor Relations
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