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RevoluGROUP Canada Inc V.REVO

RevoluGROUP Canada Inc. is a Canada-based multi-asset, multidivisional payment services directive 2 (PSD2) central bank licensed company. The Company is deploying advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resort, blockchain systems, and fintech app sectors. Its segments include Travelucion S.L., RevoluPAY S.L., RP Payments S.L. and RevoluSEND. Travelucion S.L. is a licensed tour operator facilitator of RevoluVIP travel to +130 countries. RevoluPAY S.L. is a European Union (EU) PSD2 Licensed Neobank, a remittance and payment app designed as a payment platform. Its RP Payments S.L. segment is engaged in management of revenue verticals, central bank approved crypto exchange and storage. Its RevoluSEND segment offers family remittances and money transfers up to 3000 Euros (or foreign currency equivalent) to 117 countries.


TSXV:REVO - Post by User

Bullboard Posts
Comment by MemLangUseron Jun 03, 2020 8:06pm
95 Views
Post# 31109268

RE:Revo versus Paypal - what is the difference....?

RE:Revo versus Paypal - what is the difference....?
Revo and PayPal are both very different things.
 
Paypal is a traditional online payment provider, which means, you have an account with Paypal with whom you can link your credit card to process payments from businesses that have integrated themselves with the Paypal payment API.
 
Revo is not an online payment provider and to this day does not offer an API for other businesses to connect to with an external payment provider architecture (Paypal, Stripe, Braintree, etc). It is a payment platform on which merchants and customers register themselves, load their account with money, then proceed to currency exchanges for services or objects. The basic service being remittance.
 
The payments function with a blockchain protocol (just like Bitcoin) and the currency exchanged is the CCU coin. The coin is not public (like cryptocurrencies) and is only usable within the Revo platform. You won't see this crypto coin being traded anytime soon (and that's actually a good thing if REVO aims to be serious...).
 
You'll see some people say that they have links with VISA which is totally false. From my understanding, REVO simply applied to have Visa white labelled cards... Which is not a partnership in any form, it's a service offered by visa to businesses.
 
Yeah... two technically different products!
Bullboard Posts