NEWS ... OUT ! $3.4 Billion + $750 Million ...Cuba Ventures to Develop Blockchain Powered Revolupay(R) for $3.4 Billion Remittance Market and $750 Million Cuban Entrepreneur Sector Adjoined to Cryptocurrency CU Coin
Cuba Ventures to Develop Blockchain Powered Revolupay(R) for $3.4 Billion Remittance Market and $750 Million Cuban Entrepreneur Sector Adjoined to Cryptocurrency CU Coin
VANCOUVER, British Columbia, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSXV:CUV) (OTCBB:MPSFF) (the "Company") is pleased to announce that it's Fintech Division plans to develop a revolutionary Blockchain-based mobile application called Revolupay(R) and an analogous web based system, to target Cuba's USD $3.4 Billion remittance market and the USD $750 Million private sector. Associated with the structure will be the introduction of the proprietary cryptocurrency CU Coin for a planned deployment into the tourism markets of the Caribbean and Cuba. Blockchain technology has the potential to be highly disruptive in the multi-billion dollar remittance market and the Company plans to be the first to implement a blockchain-based platform specifically for the Cuban market. Cuba Ventures has signed an MOU with Vesilen Investments ("Vesilen") for co-development of this Blockchain platform and Revolupay(R) app.
PDF rationalization of Revolupay(R) & CU Coin
Current Stage of Development of Blockchain-based Revolupay(R) & CU Coin:
-- Internal and external software engineer team assembled with project approved and currently underway -- Signed MOU with Vesilen Investments for co-development of the Blockchain platform and Revolupay(R) app. -- Revolupay(R) name and design mark filed with Canadian Intellectual Property Office -- Revolupay(R) name and design mark filed with U.S Patent and Trademark Office -- Revolupay(R) in process of Trademark filing worldwide -- Registered all popular domain name iterations and www.CCUCoin.com -- Registered all popular domain name iterations and www.RevoluPay.com -- Shareholder & Investor blockchain disruptive technology rollout chronology website www.DisruptN.com with planned $10 billion market for 2018. -- Complete update of www.CubaVentures.com to reflect the enhanced direction of the company.
Cuba Ventures to Develop Blockchain Powered -2- 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.