RE:Lebanese Red Cross - RevoluPAY/Million BridgesEven the Red Cross trusts licensed bank #6900
Lebanese Red Cross to CommenceHumanitarian Payments
Further to the news release dated 16th June 2021, the Company received a petition to open humanitarian designated accounts in the name of the Lebanese Red Cross ("LRC") to ultimately facilitate the direct channeling of LRC humanitarian aid into Lebanon via RevoluPAY and remittance partner MillionBridges. Corporate compliance has approved the LRC segregated accounts, and management awaits the final countersigned agreement this week. The Company expects the humanitarian financial aid to begin flowing into Lebanon through the new LRC RevoluPAY accounts before the end of the month.