TORONTO, Oct. 24, 2017 (GLOBE NEWSWIRE) -- Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to announce that it has completed API Integration for Cryptocurrency capability for the Company’s existing Point of Sale (POS) infrastructure.
As announced on October 4, 2017, Fintech Select entered into a Letter of Intent (“LOI”) with Canadian Bitcoins, a national cryptocurrency dealer. The two parties are currently finalizing the terms of a Definitive Agreement. The terms spelt out in the Definitive Agreement will form the basis for a national rollout of POS Cryptocurrency purchasing and selling capability.
Operating under the brand name of Selectcoin, the Company is in the process of beginning to accept payments at retail POS locations to facilitate the purchase and sale of Bitcoins and other cryptocurrencies.
“We are very excited to initiate the technical development of a national Cryptocurrency POS network. Cryptocurrencies and Blockchain ledger transactions represent a fundamental shift away from the traditional bricks and mortar of existing financial service providers. Fintech Select’s Selectcoin service aims to be at the forefront of this transition by providing financial services to underserved consumers who are demanding a shift away from the current paradigm,” states Mohammad Abuleil, CEO and President, Fintech Select.
The Company will be providing regular updates as they occur on the national rollout of the Selectcoin platform.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Fintech Select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.
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