SurgePays Blockchain Update Enables Bitcoin Purchases at Corner Stores
22 December 2021 - 12:31AM
SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”),
has completed the initial development on the newest version of its
software platform which enables a store owner to sell certain
cryptocurrencies to customers – with or without a bank account or
credit card – at local convenience and neighborhood stores which
are part of the Company’s 8,000-plus retail store network.
SurgePays is a highly innovative fintech company
providing a complete suite of financial services and prepaid
products to its rapidly growing base of retail c-stores. The
Company plans to release the update in January 2022 and enable
stores on its network to offer cash sales of Bitcoin, Ethereum and
Dogecoin without using an ATM or other costly and space consuming
equipment. Customers will receive receipts with simple instructions
how to load purchased coins into their own digital wallet of
choice.
The SurgePays blockchain platform already performs
more than 20,000 secure daily transactions of underbanked financial
services. SurgePays new feature will allow the store clerk to
facilitate the purchase of between $50 to $1,499 of
cryptocurrency.
“When I took over as CEO in 2017, I stated that we
were building an updated version of our software platform to
incorporate blockchain with my mission to be the first company to
practically enhance the lives of the underbanked, at the grass
roots level in the stores where they shop,” said Brian Cox,
chairman and CEO, SurgePays. “We are utilizing the same trusted
cultural framework of the community store to be the tech-hub for
underbanked neighborhoods.”
This cryptocurrency service represents a powerful
expansion of the SurgePays fintech suite of products, providing a
competitive advantage catalyst to its recently announced expansion
plan utilizing a national sales team.
“Enabling the underbanked population to purchase
digital currency is the first step. We expect to launch a version
update in Q2 of 2022, that would enable consumers to use
cryptocurrency to make purchases at any store on the SurgePays
network. This use case will be an extremely exciting differentiator
and position SurgePays as a market leader in the underbanked
space,” added Mr. Cox.
About SurgePays, Inc.
SurgePays, Inc. is a B2B fintech with other
verticals in the underbanked and software development
space. SurgePays utilizes its blockchain software
platform to offer a comprehensive suite of essential financial
services and prepaid products for the underbanked, along with top
selling consumable products to convenience stores, community
stores, mini-marts, tiendas, and bodegas. Please
visit www.SurgePays.com for more information.
SurgePays, Inc.
Company Contact:Tony
Evers CPA, CIAChief Financial
Officer847-648-7541tevers@surgepays.com
Investor Relations Contact:CORE
IR516-222-2560invest@surgepays.com
Media Relations:Henry Feintuch /
Doug WrightFeintuch Communications646-753-5710 /
646-753-5711surgepays@feintuchpr.com
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SURGEPAYS, INC.
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