April 2, 2018 (Source) — Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to provide a corporate update surrounding its Selectcoin platform and business development efforts.
The Company has been working closely with its larger retail distributors to activate larger blocks of retailers across Canada and to target locations that specialize in monetary transactions, such as currency exchange stores. The company has successfully started to activate these types of locations.
As the Selectcoin platform is being rolled out across Canada, we have also been engaging in multiple business development efforts, including late stage discussions with a large-scale cryptocurrency brokerage who has taken a keen interest in leveraging the Selectcoin infrastructure to distribute their clients’ Bitcoin and Ethereum. We are confident final terms will be negotiated soon and a definitive agreement will follow.
The company has also been working on multiple iterations of the Selectcoin closed loop card that will allow consumers to use their card outside of the current internal eco-system and through online merchants, who can add Selectcoin as a payment method, thus allowing users to spend their cashed out cryptocurrencies at select online merchants.
This new payment module for the Selectcoin card can also be white labeled from other exchanges who would like to offer their clients a closed loop solution for spending funds that does not rely on any other card providers infrastructure.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Fintech select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.