Bitcoin Crypto Currency Exchange Corporation (OTC PINK: ARSC) Announces the Acquisition of Kachingpay.com
Aug 08, 2017
OTC Disclosure & News Service
HOUSTON, TX / ACCESSWIRE / August 8, 2017 / Bitcoin Crypto Currency Exchange Corporation (OTC PINK: ARSC), formerly known as American Security Resources Corporation, announces today that it has acquired 100% of Kachingpay.com Incorporated (“KaChing”), in a cash and stock transaction. KaChing will be merged in to ARSC as a wholly owned subsidiary.
KaChing is a smartphone-based payment and money transfer system created by Prometheus Software. KaChing is fast, free, and failsafe. KaChing recognizes that current user fees and charges with existing payment and money transfer systems are excessive. Today’s payment transactions and systems are burdened by their complexity and cost.
KaChing will drive down user fees and charges so that purchase payment processing will become a low cost, commodity utility. Using the free KaChing mobile app, consumers purchase tokens for their digital wallet. KaChing gift card tokens are then used for purchases with merchants. Consumers do not need credit cards, debit cards or specialized hardware. Merchants use existing hardware as well: computers, smartphones or tablets. KaChing uses Apple iOS and Android mobile devices for payment.
Management considers this acquisition significant as it provides a mobile front end on iOS and Android to the BitcoinMWallet mobile exchange platform for crypto currencies, which will be created by the Company.
The app is currently available in the Canadian Apple iTunes and Google Play stores.
About Prometheus Software:
Prometheus Software was founded in Toronto, Canada in 1994 under the name Baldhead Systems by entrepreneurs Jay Jordon and Ron Leach.
Prometheus Software provides customers with a myriad of services, including software design and development, systems integration, network support, IT consulting, professional services and project management.
Some of Prometheus’s biggest achievements include being the first company to create a secure mobile banking application and the first to create a real-time mobile stock trading application for Blackberry, Palm and Pocket PC when, in 2000, Prometheus forged a partnership with the Royal Bank of Canada to form a new company called SONA Innovations Inc. This venture was a result of Prometheus’s forward thinking and innovative ideas.
About Bitcoin Crypto Currency Exchange Corporation:
Bitcoin Crypto Currency Exchange Corporation (OTC PINK: ARSC) is an early adopter of blockchain technology with one of its products being a mobile payment application. The app will allow trade and redemption of Bitcoins using iOS or Android devices from anywhere, anytime. With the help of third party technology, Bitcoin Crypto Currency Exchange Corporation aims to be one of the first companies to properly address trading between different Crypto Currencies on mobile devices.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This press release includes various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company’s expectations or beliefs concerning future events. Statements containing expressions such as “believes,” “anticipates,” “intends,” or “expects,” used in the Company’s press releases and in Disclosure Statements and Reports filed with the Over the Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof.
SOURCE: American Security Resources Corporation
Copyright © 2017 Accesswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.