Bitcoin Crypto Currency Exchange Corporation (OTC PINK: ARSC) Announces the Acquisition of Kachingpay.com
08 August 2017 - 11:30PM
InvestorsHub NewsWire
HOUSTON, TX, -- August 08, 2017 -- InvestorsHub
NewsWire -- Bitcoin Crypto Currency Exchange Corporation (OTC PINK: ARSC), formerly known
as American Security Resources Corporation, announces today that it
has acquired 100% of Kachingpay.com Incorporated (“KaChing”), in
cash and stock transaction. KaChing will be merged in to ARSC as a
wholly owned subsidiary.
About Kachingpay.com:
KaChing is a smartphone-based payment and money
transfer system created by Prometheus Software. KaChing is fast,
free, and failsafe. KaChing recognizes that current user fees and
charges with existing payment and money transfer systems are
excessive. Today's payment transactions and systems are burdened by
their complexity and cost.
KaChing will drive down user fees and charges so
that purchase payment processing will become a low cost, commodity
utility. Using the free KaChing mobile app, consumers purchase
tokens for their digital wallet. KaChing gift card tokens are then
used for purchases with merchants. Consumers do not need credit
cards, debit cards or specialized hardware. Merchants use existing
hardware as well: computers, smartphones or tablets. KaChing uses
Apple iOS and Android mobile devices for
payment.
Management considers this acquisition
significant as it provides
a mobile front end on iOS and Android to the BitcoinMWallet mobile
exchange platform for crypto currencies, which will be created by
the Company.
The app is currently available in the
Canadian Apple
iTunes and Google
Play stores.
About Prometheus
Software:
Prometheus Software was founded in Toronto,
Canada in 1994 under the name Baldhead Systems by entrepreneurs Jay
Jordon and Ron Leach.
Prometheus Software provides customers with a
myriad of services, including software design and development,
systems integration, network support, IT consulting, professional
services and project management.
Some of Prometheus's biggest achievements
include being the first company to create a secure mobile banking
application and the first to create a real-time mobile stock
trading application for Blackberry, Palm and Pocket PC when, in
2000, Prometheus forged a partnership with the Royal Bank of Canada
to form a new company called SONA Innovations Inc. This venture was
a result of Prometheus's forward thinking and innovative
ideas.
For more information please visit: http://www.prometheussoftware.ca/
About Bitcoin Crypto Currency Exchange
Corporation:
Bitcoin Crypto Currency Exchange Corporation
(OTC PINK: ARSC), formerly known as American Security Resources
Corporation, is an early adopter of blockchain technology with one
of its products being a mobile payment application. The app will
allow trade and redemption of Bitcoins or other crypto
currencies using iOs or Android devices from anywhere, anytime.
With the help of third party technology, Bitcoin Crypto
Currency Exchange Corporation aims to be one of the first companies
to properly address trading between different Crypto Currencies on
mobile devices.
Bitcoin Crypto Currency Exchange Corporation
retains legacy assets related to its previous business plan of
developing hydrogen fuel cell technology and natural resource
assets. The disposition of these assets will be determined in the
near future.
For more information please visit: http://www.bitcoinmwallet.com/
SPECIAL NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
This press release includes various
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which represent the
Company's expectations or beliefs concerning future events.
Statements containing expressions such as "believes,"
"anticipates," "intends," or "expects," used in the Company's press
releases and in Disclosure Statements and Reports filed with the
Over the Counter Markets through the OTC Disclosure and News
Service are intended to identify forward-looking statements. All
forward-looking statements involve risks and uncertainties.
Although the Company believes its expectations are based upon
reasonable assumptions within the bounds of its knowledge of its
business and operations, there can be no assurances that actual
results will not differ materially from expected results. The
Company cautions that these and similar statements included in this
report are further qualified by important factors that could cause
actual results to differ materially from those in the
forward-looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date thereof.
Contact:
info@bitcoinmwallet.com
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