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VANCOUVER, British Columbia, Nov. 09, 2017
(GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSXV:CUV) (OTCBB:MPSFF) (the “Company”) is pleased to announce that it’s Fintech Division plans to develop a revolutionary Blockchain-based mobile application called Revolupay® and an analogous web based system, to target Cuba’s USD $3.4 Billion remittance market and the USD $750 Million private sector. Associated with the structure will be the introduction of the proprietary cryptocurrency ₡CU Coin for a planned deployment into the tourism markets of the Caribbean and Cuba.
Blockchain technology has the potential to be highly disruptive in the multi-billion dollar remittance market and the Company plans to be the first to implement a blockchain-based platform specifically for the Cuban market. Cuba Ventures has signed an MOU with Vesilen Investments (“Vesilen”) for co-development of this Blockchain platform and Revolupay® app.
PDF rationalization of Revolupay® & ₡CU Coin
Current Stage of Development of Blockchain-based Revolupay® & ₡CU Coin:
- Internal and external software engineer team assembled with project approved and currently underway
- Signed MOU with Vesilen Investments for co-development of the Blockchain platform and Revolupay® app.
- Revolupay® name and design mark filed with Canadian Intellectual Property Office
- Revolupay® name and design mark filed with U.S Patent and Trademark Office
- Revolupay® in process of Trademark filing worldwide
- Registered all popular domain name iterations and www.CCUCoin.com
- Registered all popular domain name iterations and www.RevoluPay.com
- Shareholder & Investor blockchain disruptive technology rollout chronology website www.DisruptN.com with planned $10 billion market for 2018.
- Complete update of www.CubaVentures.com to reflect the enhanced direction of the company.
Learn more here: https://globenewswire.com/news-release/2017/11/09/1178518/0/en/Cuba-Ventures-to-Develop-Blockchain-P...
