Report of Foreign Issuer (6-k)
06 February 2019 - 2:40AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
month of
February
2019
Commission
File Number:
000-52145
DIGATRADE FINANCIAL CORP
(Translation
of registrant's name into English)
1500 West Georgia Street, Suite 1300
Vancouver, BC V6G-2Z6
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
[
X
] Form
20-F [ ] Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): [
]
Indicate
by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
[
]
No [ x ]
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
000-52145
SUBMITTED HEREWITH
DIGATRADE ENTERS INTO LETTER OF INTENT
TO DEVELOP MORE SECURE FINTECH
Vancouver, British Columbia
/ ACCESSWIRE /
February 5, 2019 -
DIGATRADE FINANCIAL CORP
(OTCQB: DIGAF), an OTC digital asset
trade desk for institutions and financial technology company, has
entered into a Letter of Intent (“LOI”) with Securter
Inc., a private Canadian Corporation that is developing a
proprietary, patent-pending credit card payment platform to
significantly increase the security of online credit card payment
processing. The purpose is to reduce financial losses being
experienced by financial institutions and merchants from fraudulent
credit card use, while also better protecting cardholder privacy.
The LOI sets out that the new technology will be launched and
commercialized through a Digatrade subsidiary.
Securter’s improved online payment processing protocol
simultaneously improves the privacy and financial security of all
“card not present” (CNP) credit card transactions
processed by the Securter protocol. Card-not-present transactions
represent a large and rapidly growing proportion of all global
credit card payments due to the enormous consumer convenience CNP
provides. The Securter protocol reduces mounting CNP losses being
experienced by fintech stakeholders internationally due to
widespread fraudulent CNP transactions, and data
theft.
Upon execution of an intended Definitive Agreement, Digatrade will
establish a new subsidiary company. All assets and intellectual
property, including patent rights of the existing Securter Inc.,
will be transferred and held by the new subsidiary,
thereafter.
Under the terms of the agreement with Securter Inc, Digatrade will
fund the new Securter subsidiary by providing up to US $3 Million
in operational funding. The subsidiary will use these proceeds to
make the technology market-ready and then to launch it through
fintech alliances, such as with payment service providers, amongst
others. Extensive research and consultation with the industry has
revealed that the fintech community acknowledges the need for the
benefits that Securter technology delivers and is actively looking
for solutions for the serious problem that CNP fraud presents to
all stakeholders.
ABOUT DIGATRADE:
DIGATRADE is a Financial Technology “Fintech” company
that offers buyside cryptocurrency transactions and liquidity to
institutions through its proprietary over-the-counter trade desk.
The Company is owned and operated 100% by Digatrade Financial
Corp., located in Vancouver, British Columbia, which is publicly
listed on the OTC.QB under the trading symbol DIGAF. DIGAF is
a reporting issuer in the Province of British Columbia, Canada with
the British Columbia Securities Commission "BCSC" and in the United
States with the Securities Exchange Commission "SEC".
Additional
information will be provided as it materializes.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Digatrade
Financial Corp
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(Registrant)
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Date: February 5,
2019
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By:
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/s/
Brad J.
Moynes
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Brad J.
Moynes
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CEO
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