LiteLink Announces Integration of uBUCK Pay Technology into 1SHIFT Logistics Platform
May 29 2019 - 5:30AM
LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF), a
leader in logistics, artificial intelligence and digital payment
solutions, is pleased to announce that it will be integrating uBUCK
technology into its 1SHIFT logistics platform to add a digital
wallet to its feature set.
The 1SHIFT logistics platform offers real-time transparency and
tracking which allows brokers, shippers, and carriers to track
shipments and settle payments in real-time. Now, with the
introduction of uBUCK, the 1SHIFT platform will be able to address
the delayed payments issue that is prominent in the transportation
industry.
“Many truckers are still being paid with paper cheques, which
means payments can be delayed by weeks. By integrating uBUCK into
the 1SHIFT platform, we are able to offer truckers their own
digital wallet right at their fingertips, which will allow for
instant payments,” said LiteLink CEO Ashik Karim. “We are excited
to add this great feature to the 1SHIFT app, which we expect will
completely transform the transportation and logistics
industry.”
1SHIFT is an end-to-end logistics management solution that
enables real-time transparency & tracking as well as peer
feedback and regulation. 1SHIFT is in its final stages of
development under LiteLink Labs Inc., a wholly owned subsidiary of
LiteLink Technologies Inc.
The 1SHIFT mobile app is used by truckers to view real-time
shipment details and to flag any issues, automatically provide the
geolocation using the phone’s GPS capabilities. The end
result is that stakeholders who are monitoring shipments can view
an interactive map within 1SHIFT showing the current location and
progress of each shipment. 1SHIFT also has a robust audit
trail capability employing blockchain technology that provides an
immutable historical record of the events surrounding each
shipment. This data can be used to quickly resolve disputes
and associated penalties and fines, saving millions in detention
costs when a truck faces a long wait at the dock and cannot move on
to the next job on a timely basis.
To learn more about 1SHIFT, schedule a demo of the solution, or
request to be a trial participant, please visit
www.1shiftlogistics.com or email
kent.churn@1shiftlogistics.com.
About LiteLink Technologies Inc.LiteLink is a
major player in developing world-class enterprise platforms that
utilize artificial intelligence, blockchain, and predictive
analytics to solve fragmented and outdated technology problems in
the logistics and digital payment industries. Our flagship
1SHIFT logistics platform offers real-time transparency and
tracking which allows brokers, shippers, and carriers to track
shipments and settle payments in real-time. uBUCK Pay is a
multi-currency digital wallet that supports traditional fiat and
digital currencies. Consumers are able to make online and
offline purchases using the uBUCK debit card and send funds
worldwide for free. For more information about LiteLink
Technologies Inc., please visit litelinktech.com. If you would like
to know more about the 1SHIFT logistics platform, please visit
1shiftlogistics.com.
Find out more about the Company at litelinktech.com and the
1SHIFT Product at 1shiftlogistics.com.
For further information, contact Bronson Peever at 833-205-6945
ext. 3742 or investor@litelinktech.com.
About uBUCK Technologies SEZCBased in
Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that
specializes in decentralized digital payments and wallets. uBUCK
Pay and Streambucks are P2P payment platforms offering consumers,
businesses and merchants a fast, commission-free and highly secure
alternative to traditional payment methods. uBUCK Cash and
Streambucks Cash are stable utility tokens that are backed by the
U.S. dollar via pin voucher purchases within the uBUCK Pay app or
at participating resellers. Customers may load a uBUCK debit card
and make online and offline purchases and send payments around the
world for free.
Forward-looking StatementThis news release may
contain certain “Forward-Looking Statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the nature of the business of LiteLink, and other
factors or information. Such statements represent LiteLink’s
current views with respect to future events and are necessarily
based upon a number of assumptions and estimate that, while
considered reasonable by LiteLink, are inherently subject to
significant business, economic, competitive, political and social
risks, contingencies and uncertainties. Many factors, both known
and unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
Litelink Technologies (CSE:LLT)
Historical Stock Chart
From Nov 2024 to Dec 2024
Litelink Technologies (CSE:LLT)
Historical Stock Chart
From Dec 2023 to Dec 2024