kicked off November 2020 with exciting news. The software Company stated that it will add to its suite of products with several new offerings.
The Company plans to release three new verticals:
- RevoluEX - a digital currency exchange that allows RevoluPAY app users to covert major cryptocurrencies, including BTC, ETH, LTC, USDC, USDT, GUSD, PAX & PAXG into Fiat money for the RevoluPAY E-Wallet’s VISA Card
- RevoluTRANSFER - an online money transfer service where users can send money abroad at low FX rates in up to 50 different currencies
- RevoluPOS - a Point of Sale (PoS) platform linked to RevoluPAY designed to bring the developing world into the 21st Century, it enables anyone to accept digital payments worldwide, as RevoluGROUP has identified a burgeoning and untapped sector consisting of small to medium-sized businesses excluded from the current digital payment cycle
All three verticals are scheduled to launch in Q4 2020. To read the news release with more about each of these verticals, click
here.
Upon the release of this news, RevoluGROUP shares jumped around 2% at Monday’s open and its value has continued to trend higher ever since, sitting at roughly $0.23 (CAD) a share.
Why this news matters:
this is major news for the Company, mainly because these three verticals represent the key final components to RevoluGROUP’s business plan, specifically RevoluEX. Several publicly traded companies on the TSX Venture Exchange have tried to achieve this outcome of cryptocurrency-to-Fiat-to VISA Card, but none have been truly successful … until now.
The benefits and features of this platform will make it easier for consumers to convert Bitcoin and other cryptocurrencies into a spendable balance without currency risk.
The other two verticals are quite attractive to the user-base of RevoluGROUP and their needs, specifically in regard to two other existing verticals – RevoluREALTY, which covers everything from appraisal, insurance, inspection and notary payments, as well as RevoluFIN, which enables third party financiers to directly finance outstanding secured receivables while obtaining above market interest returns.
Investment summary:
These new verticals should bolster the multi-asset Canadian Company’s work toward an eventual Senior Listing on the Toronto Stock Exchange and stated last week that it had chosen the renowned Canadian & International Law firm
McMillan LLP to assist with the application, due to their inherent and profound knowledge in these matters.
Should the Company’s cross-exchange graduation application be approved, the business will join nearly 680 other companies that have successfully transitioned from the TSXV to the TSX. Combined, these graduates have over $202 billion (CAD) in market capitalization and make up 19% of the S&P / TSX Composite Index.
Powered by blockchain protocols and squarely aimed at the worldwide multi-billion-dollar leisure sector and, + $595 billion family remittance market, RevoluGROUP Canada Inc. controls five wholly owned subsidiaries on four continents.
To find out more about the immense suite of offerings under the Company to further your own due diligence, visit
www.revolugroup.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.