VANCOUVR, British Columbia, Oct. 01, 2018 (GLOBE NEWSWIRE) — CUV Ventures Corp. (TSX-V: CUV) (the “Company”) is admiring to advertise that it accustomed final Panamanian government and, bartering anthology approval, beneath resolution Nº 755000, anachronous September 24th 2018, for the wholly endemic accessory RevoluFIN Inc. RevoluPAY® S.L. receives administrator approval from Apple and, uploads RevoluPAY® app to App Store. BonSOFT adopted for the complete development and, turnkey delivery, of RevoluCHARGE, on or afore 1st November 2018. Preeminent Fintech law close Hogan Lovells formally retained to accost RevoluPAY® Proprietary European cyberbanking license. The aggregation provides added RevoluPAY® updates.
RevoluFIN acquired its antecedent berry basic acceding of up to 40 actor Euros (approx 61 actor CAD) on the 8th of March 2018 from Vesilen Investments. The now absolutely accustomed Panamanian accessory will be complex in assertive aspects of the RevoluFIN lending platform, guaranteeing, through its cyberbanking partners, fiduciary and, added services, to lending partners. Panama has the best avant-garde and, successful, all-embracing cyberbanking centermost in Latin America, with added than 85 banks from 35 countries. The aggregation is in final negotiations with bounded admiral to physically locate RevoluFIN inc. at the Cuidad del Saber (City of Knowledge), which is abnormally ill-fitted to technology and accounts companies. RevoluFIN has accustomed and advised abundant costs requests, which will be anon accustomed in the absolute a future.
RevoluPAY® On iOS Apple
Wholly endemic European accessory RevoluPAY® S.L accustomed app administrator approval from Apple and, has uploaded the RevoluPAY® iOS app to App Store for final approval. The final approval action is accepted to take, on average, amid 1 and 7 days.
Hogan Lovells retained for European EP Cyberbanking License
Wholly endemic accessory RevoluPAY® S.L. has retained acclaimed law close Hogan Lovells on Sept 26th 2018 to adapt the; acknowledged opinion, acquiescence and, academic abode of the company’s proprietary EP cyberbanking license. The estimated time for the authorization to be accepted is 3-5 months. Hogan Lovells is accustomed as a baton in European Fintech law. Until the proprietary authorization is awarded, the company’s proprietary RevoluPAY® app operates beneath broad acceding with its accepted EDE Cyberbanking accountant partner.
RevoluPAY® European Cash-Out Cost Update
As declared in the anniversary absolution anachronous 24th Sept 2018, the aggregation auspiciously appear adaptation 1.0.8 of the proprietary RevoluPAY® app, which incorporates a cash-out (disbursement) ability to any coffer amid in the European Union. RevoluPAY® users accept been able to add (load) money to the RevoluPAY® e-wallet back 31st July 2018 and, alteration these funds nationally or, internationally, to added users with a RevoluPAY® e-wallet. From today, any user can anon alteration part, or all, of their e-wallet funds to a coffer account, at any bank, aural the EU. These trials accept accepted acknowledged and will now go live. RevoluPAY® Adaptation 1.0.8 is the abundance that has been submitted to Apple, thus, the aforementioned functionality will be accessible on both Android and iOS.
RevoluCHARGE Development & Launch
The aggregation has called Spain based BonSOFT for the complete development and barrage of RevoluCHARGE worldwide, on or afore 1st November 2018. The company’s accessible RevoluCHARGE division, a angled vertical from RevoluPAY®, will acquiesce anyone in the apple to send; minute, sms and, abstracts credits, to ancestors and accompany internationally, with payments alone through the company’s proprietary acquittal app RevoluPAY® and, a accessible “Powered by RevoluPAY®” free RevoluCHARGE App. The aggregation considers the about $8 Billion USD anniversary adaptable top-up bazaar the absolute adulatory service, in aggregate with common remittances and payments, through RevoluPAY®.
Alternative Common Cash-Out Operability
Wholly endemic accessory RevoluPAY® S.L is currently negotiating added forms of cash-out (disbursement) which accommodate but, are not bound to, an e-wallet affiliated prepaid Acceptance Card, allowing direct alteration of funds to/from the users RevoluPAY® e-wallet. The aggregation has submitted its agenda architecture and, account criteria, to the called agenda issuer. An closing all-embracing acceptance agenda would admittance withdrawals from any ATM that accepts Acceptance worldwide, affiliated to POS acquittal at any area that accepts Visa. This functionality will accord an added band of account in those locations area NFC enabled POS accessories and ATMs, for which RevoluPAY® is already enabled, are not yet operational. A additional alternative, currently beneath negotiation, is cash-out via NFC and Non NFC enabled ATM´s anon from the app (card-less withdrawals). Beneath this system, at non NFC enabled ATM´s, the user receives a different cipher which, back entered into the ATM´s numeric keyboard, confirms the users attendance and, permits consecutive abandonment of funds. Lastly, the aggregation active an NDA on June 29th 2018 and, continues to accommodate with a ample bunch cyberbanking accomplice for 16 cash-out cost countries in; The Caribbean, South and Central America.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset, multidivisional about traded Canadian aggregation deploying avant-garde technologies in the; Online Travel, Vacation Resort, Adaptable Apps, Money Remittance, Invoice factoring, Blockchain Systems, and Cryptotoken sectors.
Our flagship technology is RevoluPAY®, the Apple and Android bunch leisure payments and remittance app, powered by blockchain protocols, and aimed at the common $595 billion ancestors remittance market. Click actuality to apprehend more.
For added advice on CUV Ventures Corp. (TSX-V: CUV) appointment the Company’s website at www.cuvventures.com. The Aggregation has about 123,200,000 shares issued and outstanding.
CUV VENTURES CORP.
STEVE MARSHALL______________Steve MarshallCEO
For added advice acquaintance myself or:Nick FindlerCUV Ventures Corp.Telephone: 604-639-3850Toll Free: 800-567-8181Facsimile: 604-687-3119Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Casework Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
This absolution includes assertive statements that may be accounted to be “forward-looking statements”. All statements in this release, added than statements of absolute facts, that abode contest or developments that administration of the Aggregation expects, are advanced statements. Although administration believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not guarantees of approaching performance, and absolute after-effects or developments may alter materially from those in the advanced statements. The Aggregation undertakes no obligation to amend these advanced statements if management’s beliefs, estimates or opinions, or added factors, should change. Factors that could account absolute after-effects to alter materially from those in advanced statements, accommodate bazaar prices, analysis and development successes, connected availability of basic and financing, and accepted economic, bazaar or business conditions. Please see the accessible filings of the Aggregation at www.sedar.com for added information.
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