CUV Ventures Corp. RevoluPAY® Remittance Bank Disbursement Activated in 73 Countries, RevoluCHARGE Launched, Bank License Me...
November 05 2018 - 7:00AM
CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) Vancouver, BC – (the
“Company”) is pleased to announce that subsequent to successful
live trials, the RevoluPAY
® app is now live for
instant withdrawals of total or partial e-Wallet balances, from
directly within the app to a user’s bank account in 73 countries.
Furthermore, 31 of the cited countries receive approximately 87.5
Billion USD in remittances annually. Director Alfredo Manresa and
Corporate attorneys Hogan Lovells to meet with European bank
officials at 11am on Wednesday November 7th 2018, concerning the
application for the previously announced proprietary European EP
Banking license. Shareholders are reminded that the company is
operating RevoluPAY
® through an indefinite banking
license agreement in the interim. RevoluCHARGE has completed
numerous international phone top-ups and is now live at
www.RevoluCHARGE.com.
Further CUV Ventures Corporate
Updates
RevoluFIN Inc.
CEO Steve Marshall will be meeting Panamanian
authorities on November 23rd 2018 concerning the final details of
RevoluFIN Inc. and the company’s proposal to domicile RevoluFIN
corporate headquarters at the Cuidad del Saber (City of Knowledge)
in Panama City, a location especially suited to technology and
finance companies. RevoluFIN obtained its initial seed capital
guarantee of up to 40 million Euros (approx. 61 million CAD) on the
8th of March 2018 from Vesilen Investments and has received and
studied numerous financing requests, which will be immediately
approved in the very near future.
Travelucion Website Updated
In preparation for the launch of the worldwide
RevoluVIP Travel Club, the website for wholly owned travel
subsidiary Travelucion.com has been comprehensively updated.
Travelucion, a licensed and bonded travel company, is the sole
supplier of travel to RevoluVIP Club members. Travelucion has
entered into publicly announced agreements with the world’s largest
travel suppliers and facilitators: Amadeus, IATA, Constellation
Software, Juniper and, many more. RevoluVIP is expected to go live
with offers in the initially announced markets of United States
(all states), Canada, California, Florida, and Alaska in December
2019, with subsequent world markets following the pre-announced
timeline. The company expects to achieve a significant boost in
travel revenue from RevoluVIP global markets and shareholders are
reminded that RevoluVIP imposes compulsory use of RevoluPAY® for
all travel payments.
RevoluPAY® on Proprietary
Websites
The company intends to launch a dual payment
mechanism on its +400 legacy websites within the next 30 days. The
company’s software engineers have completed the required API, which
will give visitors the choice of paying by Visa/Mastercard, as they
have in the past and, now, also the option to pay via RevoluPAY®.
The addition of this option will also offer clients who use the
company’s RevoluPAY® app to settle invoices a 5% in-app cash-back
on each purchase. The company expects the organic embracing of
RevoluPAY® to increase significantly once this
initial marketing, to its extensive past/current client base,
commences.
RevoluPAY® Extended Cash-Out
Disbursement
As originally announced on October 1st 2018, the
company has now received preliminary approval for the RevoluPAY®
e-Wallet linked prepaid Visa Card. The company expects the first
cards to ship to those app users who request them in January 2019.
Still under positive negotiation is cash-out via NFC and Non NFC
enabled ATMs directly from the app (card-less withdrawals). Under
this system, at non NFC enabled ATMs, the user receives a unique
code which, when entered into the ATM´s numeric keyboard, confirms
the users presence and permits subsequent withdrawal of funds.
RevoluCHARGE Launch
From today, the company’s RevoluCHARGE division,
a branched vertical from RevoluPAY®, allows anyone in the world to
send minute, sms and data credits to family and friends
internationally, with payments exclusively via the company’s
proprietary payment app RevoluPAY® and a forthcoming “Powered by
RevoluPAY®” autonomous RevoluCHARGE App. The company considers the
approximately $8 Billion USD annual mobile top-up market the
perfect complimentary service, in combination with worldwide
remittances and payments, through RevoluPAY®.
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, 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. Click here to read more.
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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