CUV Ventures Corp. (TSX-V:CUV) (the “Company”) is
pleased to announce that the wholly owned subsidiary, RevoluPAY
S.L, has signed a definitive agreement (“DA”) with Momopocket EDE
as the official load partner for the RevoluPAY® blockchain powered
remittance and leisure payment app. Together with Momopocket,
RevoluPAY® members will be able to load (add funds) to their
digital wallets using; Visa, Mastercard, AliPAY, SEPA, ACH, and
Swift.
About Momopocket
Momopocket is an electronic money institution or
EDE Banking Licensed entity, authorized by the Bank of Spain under,
European E-money - Directive 2009/110/EC. Momopocket was launched
in 2013 and is based in Granada, Spain, to process and manage
digital money through mobile devices worldwide.
Enabling RevoluPAY® members with multiple wallet load
methods
RevoluPAY® members will be empowered with wallet
load capabilities (adding funds) through the following means:
Visa – Founded in 1958 by Dee
Hock, VisaNet processes an average of 150 million transactions each
day, or around 1,667 transactions per second on average.
Mastercard – Founded in 1966 by
United California Bank, processes 160 million payment card
transactions per day.
Alipay – Founded in 2004 by
Jack Ma with over 520 million registered members, $519 Billion
annual transaction volume and, 175 million transactions per day.
Alipay controls approximately 70% of the Chinese payment market
and, Alibaba subsidiary, Ant Financial, is rapidly expanding
globally.
PayPal – Founded in 1998 by
Elon Musk, Peter Thiel, Yu Pan, Max Levchin, Ken Howery, Luke Nosek
with over 237 million registered members, $451 Billion annual
transaction volume and, 208 million transactions per day. PayPal is
available in 200 world markets.
Instant Transfers ACH – The
Automated Clearing House (ACH) system was developed by the North
American financial industry in the early 1970s as an electronic
alternative to checks.
Instant SEPA Transfers –
(Single Euro Payments Area) The SEPA zone comprises 34 countries,
including 28 EU member states alongside Iceland, Monaco,
Switzerland, Liechtenstein, Norway and San Marino.
SWIFT Wires - (Society for
Worldwide Interbank Financial Telecommunication) The majority of
international interbank messages use the SWIFT network. As of 2015,
SWIFT linked more than 11,000 financial institutions in more than
200 countries and territories.
Initial Use Scenarios for RevoluPAY®
- RevoluPAY® members instantaneously send funds to family and
friends, right from their digital wallet, to the recipient member’s
digital wallet (Remittances)
- RevoluPAY® members can extract local currency at approved
country licensee establishments, partner banks or, even home/hotel
delivery in certain markets.(Disbursements)
- RevoluPAY® members can shop at approved suppliers for goods and
services. (POS)
- RevoluPAY® members can receive and send money amongst other
members.(Pier-to-Pier)
- RevoluPAY® members can take advantage of exclusive promotions
and obtain rewards.(Rewards)
- RevoluPAY® Merchants can download the app and begin transacting
with RevoluPAY® members, face-to-face or, from anywhere in the
world.(Merchant)
- RevoluPAY® members who join the RevoluVIP Travel Club , can buy
discounted travel services.(Travel)
- RevoluPAY® members who are RevoluCHARGE members, can buy
discounted mobile phone credits or top-ups.(Mobile)
- RevoluPAY® members will be allowed to interact with the
RevoluFIN lending platform.(Loans)
- RevoluPAY® members who are RevolUTILITY members, can pay their
own or, family & friends utility bills in select
nations.(Utility Bills)
The Future With RevoluPAY®
A recent study by Capgemini and BNP Paribas
states that Global electronic payments growth will increase on
average by 10.9%, with emerging economies adopting faster at 19.6%
through to 2020. Emerging economies, those specifically targeted by
RevoluPAY®, currently receiving the most family remittances, are
expected to grow at three times the rate of mature economies, with
Emerging Asia (led by China and India) projected to grow at 30.9%.
RevoluPAY® uses a blockchain decentralized and encrypted ledger
that ensures secure, efficient, verifiable and permanent way of
storing records and other information without the need for
intermediaries. Blockchain protocols have a wide variety of uses,
including processing transactions, accounting, ID verification,
proof of ownership, and product or service validation, across a an
extensive spectrum of applications. RevoluPAY® intends to disrupt
numerous sectors; Travel & Leisure, Remittances, Exchange, POS,
Merchant, Rewards, Pay-as-You-Go Mobile, Utility Bills.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset,
multidivisional publicly traded Canadian company deploying advanced
technologies in the; Online Travel, Vacation Resort, Mobile Apps,
Money Remittance, Invoice factoring, Crypto Mining, Blockchain
Systems, and Cryptotoken sectors.
Our flagship technology is RevoluPAY®, the Apple
and Android multinational leisure payments and remittance app,
powered by blockchain protocols, and aimed at the worldwide + $595
billion family remittance market.
The ₡CU Coin Cryptotoken, allied to RevoluPAY®,
promises to be the coin of choice for remittance senders, travelers
and the hospitality industry. Its increasing adoption across
several spheres exemplifies its international perspective and
future value amongst members.
The company’s FinTech division continues to
expand into this rapidly emerging segment, in which it; manages,
operates and develops end-to-end digital platforms to monetize the
blockchain ecosystem across a broad spectrum of leisure related
industries, remittances and finance.
A diverse division of the company,
named Cuba Ventures, is involved in Caribbean Basin strategic
investments. Similar to the United States NASDAQ
listed Herzfeld Fund, the focus is to control noteworthy
assets related to the Caribbean Basin (including Cuba). The
division is comprised of numerous assets. A wholly owned
subsidiary Travelucion Media is a duly licensed and bonded
online travel company, Amadeus GDS affiliated, digital
and print media powerhouse that specializes in travel marketing,
electronic reservations, and online booking
solutions. Travelucion owns a vast portfolio of web
assets consisting of 432 Cuba-centric websites in up to 5 languages
which generate over 35 million page-views per year and direct
traffic to Travelucion’s online booking and e-commerce sites and
proprietary online booking systems, also customized for white label
deployment on third party booking websites for; Cayman Islands,
Dominican Republic, Aruba, Bahamas, BVI, Belize, Antigua, Jamaica
and Cuba, offering bookings for hotels, private residences, car
rentals, tours, flights and a variety of other types of specialized
travel services.
In 2017, the company acquired equity in the
Florida, USA based, licensed and bonded travel
agency; International Business & Travel Opportunities, LLC
(IBTO), a Caribbean Basin focused travel facilitator operating
trips in the region (including licensed Cuba trips for
Americans).
In 2018, the company acquired equity in the
Florida, USA based, Third Circle Publishing LLC, publisher of the
esteemed and U.S circulated print and digital magazine Cuba
Trade Magazine. CUV Ventures Corp owns an interest in some
important print and digital media assets, reaching 10s of millions
of consumers globally.
In 2018, the company acquired equity in the
Toronto; Canada based, FINTRAC licensed, remittance company, Duales
Inc. as part of the RevoluPAY®® remittance app partner network.
In 2018, the company acquired equity in the
Miami, USA based, Business advisory/consultant think-tank Havana
Consulting Group, as part of the progressive acquisition of key
Cuba related but, non domiciled, businesses.
The Cuba Ventures division consulting team
harnesses over 80 years of combined advisor experience in
submitting and, obtaining approval, for joint ventures, joint
production agreements and import/export permits for foreign
enterprises. More recently the company has taken a royalty approach
for future agreements between third parties anxious to begin
comercial operations with Cuba and, the company’s Cuba Consulting
Unit.
Through this methodology, the Company is
gradually building a potentially valuable “future-ready”, non
Caribbean (Cuba) domiciled asset base while, in the interim,
securing revenue, growth and unique opportunities present in the
Caribbean Basin, with an emphasis on the $4 billion dollar and
rapidly growing Cuban travel and tourism industry, $3 billion
factoring and FinTech sector, $18.6 billion Caribbean
remittance industry and international corporate consulting for
Cuba’s estimated $86 Billion annual economy, which remains an
interesting opportunity and, one that this division strives to
dominate at every opportunity by acquiring assets that are neither
physically domiciled nor associated with entities located in
Republic of Cuba but, that have unparalleled future takeover
prospects, should the political climate improve.
For further information on CUV Ventures Corp.
(TSX-V:CUV) visit the Company’s website at www.cuvventures.com. The
Company has approximately 123,200,000 shares issued and
outstanding.
CUV VENTURES CORP.
“STEVE MARSHALL”______________________________STEVE
MARSHALLCEO
For further information contact myself or:Nick
FindlerCUV Ventures Corp.Telephone: 604-639-3850Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cuvventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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