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Verifundr Platform Develops Own CryptoCoin Announced by APT Systems(March 08, 2018)
SAN FRANCISCO, CA , March 08, 2018 (GLOBE NEWSWIRE) -- APT SYSTEMS, INC. (OTC Pink: APTY), is pleased to report on its meeting with Enterprise Ethereum Alliance (EEA) and also announce plans to launch its own cryptoasset, named VFRCoins, for use in the Verifundr Escrow and Payments platform.
“We had a very constructive meeting with the Executive Director and gained new insights into how EEA supports members. These takeaways will help guide us when implementing choices for currency and platform developments for Verifundr. Last year, we chose the Ethereum platform specifically due to its unique properties and its ability to deliver on smart contracts,” said Glenda Dowie, CEO.
Verifundr and VFRCoins will fully utilize blockchain technology to help create the agreements we believe are needed to support two party transactions safely and successfully. The VFRCoin is a trusted asset for an identifiable membership in an effort to be compliant with anti-money laundering (AML) rules, the Bank Secrecy Act and know your customer (KYC) regulations. This approach provides sellers with a safe and secure deal environment thus ensuring they get paid on delivery.
Along with traditional currency, VFRCoins will also be used to facilitate funding of transactions and provide for the funding of escrow accounts managed by Verifundr. VFRCoins have unique properties that will be revealed in our white paper scheduled for release in April of this year.
About APT Systems, Inc.: The Management of APT Systems, Inc. works to deliver stock trading tools like Kencharts and its trading platform Intuitrader with a focus on handheld devices; while also strategically acquiring other compatible financial businesses which demonstrate strong growth potential. We are continuing our diligent search for software products that would enhance our operations while still watching dialogue on the proposed legislation for a Fintech National Banking Charter. Management recently launched its subsidiaries SNAPT Games, Inc. and RCPS Management, Inc. to further facilitate new products and long-term goals.
Disclaimer - Forward Looking Statements: This press release contains "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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company. APT Systems, Inc (APTY) may opt to disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn, and Twitter.
CONTACT: Contact:Glenda Dowie, CEO415-200-1105Email: [email protected] Twitter follow @APTYsysInvestor Online Information Kit - http://www.aptsystemsinc.com/online-investor-kit-for-apt-systems-inc-apty/