#Blockchain Stock News: UPCO International Inc. (CSE: $UPCO.C) (OTC: $UCCPF) (Frankfurt: U06) Selects Nexmo Inc. and Also Announces Further Development of the Upco App. Using Blockchain #Technology
#Blockchain Stock News:
UPCO International Inc. (CSE: $UPCO.C) (OTC: $UCCPF) (Frankfurt: U06) Selects
Nexmo Inc. and Also Announces Further Development of the Upco App. Using
Blockchain #Technology
Vancouver,
British Columbia - April 24, 2018 (Investorideas.com Newswire) Upco
International Inc. (CSE:
UPCO)
(Frankfurt: U06) ("UPCO") is pleased to announce that it has
contracted with Nexmo Inc., a subsidiary of Vonage Holdings Corporation, to
provide SMS Authentication services for its mobile platform. Nexmo is a leading
cloud Communications Platform as a Service ("CPaaS") provider,
offering APIs for SMS, voice, and phone verifications to facilitate communications
worldwide, and a range of other solutions to the mobile communications sector.
Read this news in
full at http://www.investorideas.com/CO/UPCO/news/2018/04241Nexmo.asp
SMS
Authentication via Nexmo's Verify API, represents a major enhancement to Upco's
current mobile phone and payment offerings, and an important foundational step
in the staged delivery of a full-featured international invoice / payment /
exchange / transfer service (outlined in Upco's February 2 News Release). The
Nexmo solution will provide two factor authentication of users who have
downloaded Upco's application. The phone number plus a token associating that
number to the phone, will be retained in Upco's blockchain database. Corollary
benefits, additional to authentication, will include spam and hack protection,
and improved control over phone number association (ensuring that calls reach
the intended recipient).
With
this as a foundation, Upco will continue to enhance its control over
authentication and identification to benefit users, minimize risk, and ensure
full regulatory compliance across jurisdictions, as it expands its offerings in
the FinTech sector. To this end, Upco is actively exploring solutions for user
identification and ID validation to complement its expanding e-wallet
offerings.
Mr.
Andrea Pagani, CEO and President commented: "We are continuing to develop
our Upco App and have 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."
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
Andrea
Pagani, CEO and Director
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.
Upco
International Inc. (CSE: UPCO)
is a featured company on Investorideas.com
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