UPCO International (CSE: $UPCO.C) (Frankfurt: U06) Announces integration of Blockchain Technologies into its E-wallet
UPCO International (CSE: $UPCO.C) (Frankfurt: U06)
Announces integration of Blockchain Technologies into its E-wallet
Vancouver,
BC - February 2, 2018 (Investorideas.com Newswire) Upco International Inc. (CSE: UPCO)
(Frankfurt: U06) ("UPCO") is pleased to announce that it has
successfully integrated leading-edge blockchain technologies into its E-wallet
payment system as a step towards the development of a full-featured
international invoice/payment/exchange/transfer system for hard currencies and
invoice/payment/transfer for cryptocurrencies.
Read
this news in full at http://www.investorideas.com/CO/UPCO/news/2018/02021E-wallet.asp
Our
blockchain implementation significantly moves us towards demonstrating our
Blockchain technology's ability to maintain reasonable transaction time and
rates as expected from main-streamed payment application, but without the cost
of resources associated with bitcoins and other cryptocurrencies. We have
developed a distributed platform using Blockchain Technology and transactions
can be confirmed almost instantaneously on our system, while it can take
minutes or hours to confirm Cryptocurrency transactions on current existing
systems.
Mr
Andrea Pagani, CEO and President commented: "This is a massive step
forward for our company having the integration of Blockchain technologies in
our E-wallet. This moves us a step closer to having a cashless society using
Blockchain technology."
About
Upco International Inc.
Upco International
Inc. is a cloud-based mobile service company which provides high-quality voice termination
to a market driven by the growing activity in online communications and
commerce. Upco is a licensed Global Telecom Carrier within the international
VoIP (voice over IP) wholesale business.
Upco has designed a software application for
Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco
E-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer
international funds, convert international currencies, and track transfers and
payments. The application will also
allow vendors to securely share account information with their clients.
Please visit www.upcointernational.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Jag Sandhu, Director and Vice President, Corporate
Development
Neither
the Canadian Securities Exchange nor its regulation services provider has
reviewed or accepted responsibility for the adequacy or accuracy of the content
of this news release.
Forward-Looking Statements
This press release
contains forward-looking information or forward-looking statements
(collectively "forward- looking information") within the meaning of
applicable securities laws. Forward- looking information is typically
identified by words such as: “will” “may” "believe",
"expect", "anticipate", "intend",
"estimate", “development”, “forthcoming”, "potentially" and
similar expressions, or are those, which, by their nature, refer to future events.
Upco cautions investors that any forward-looking information provided by Upco
is not a guarantee of future results or performance, and that actual results
may differ materially from those in forward-looking statements.
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