20:51:28 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Fintech Select Ltd
Symbol FTEC
Shares Issued 62,097,848
Close 2017-11-21 C$ 0.425
Market Cap C$ 26,391,585
Recent Sedar Documents

Fintech files POS crypto platform patent application

2017-11-21 07:25 ET - News Release

Mr. Mohammad Abuleil reports

FINTECH SELECT FILES PROVISIONAL PATENT APPLICATION FOR SWIPECARD CRYPTOCURRENCY ACCESSIBILITY

Fintech Select Ltd. has filed a patent application for its proprietary POS (point of sale) cryptocurrency platform.

The company believes that its POS cryptocurrency exchange platform carries competitive advantages when compared with bitcoin ATMs and regular on-line exchanges and thus has taken action to protect its proprietary process in the marketplace. Unlike other platforms that can only print vouchers or use high fees to transact through ATMs the company's Selectcoin platform interconnects a merchant's POS system with an exclusive closed-loop card and digital wallet in a seamless ecosystem.

Fintech Select will be updating the market shortly on the official soft launch of the Selectcoin platform and the active locations for the launch phase.

"We are thrilled with the execution of the entire team during this pivotal time for the company and truly believe that the patent filing will create a long-term revenue stream and return value to shareholders while simultaneously highlighting and strengthening our market-leading offering," stated Mohammad Abuleil, chief executive officer and president.

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive prepaid 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 fulfilment and customer service support to customers across all three platforms mentioned.

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