Fintech Select is ready to deploy its cryptocurrency solution across 100,000 point of sale locations
Cryptocurrencies are a digital currency, or virtual currency available only in digital form, and not in physical form (such as banknotes and coins). They exhibit properties similar to physical currencies, but allow for instantaneous transactions and border-less transfer of ownership. Like traditional money, these currencies may be used to buy physical goods and services, but may also be restricted to certain communities such as for use inside an online game or social network. Digital currency is a money balance recorded electronically on a stored-value card or other device. Cryptocurrencies are blockchain (a secure digital ledger) driven.
Fintech Select Ltd. (TSXV: FTEC) is deploying a proprietary point of sale (POS) technology to allow any POS terminal to operate as a cryptocurrency exchange. Blockchain technology has already significantly changed the future of money, finance, supply chain management, record keeping, and more. Not only does blockchain technology support cryptocurrencies, it has the potential to revolutionize the way financial data is stored and transmitted around the globe.
Fintech Select owns and operates three core business divisions.
Selectcoin offers a POS Cryptocurrency solution to provide easy and hassle-free buying, and or selling of cryptocurrencies through its retail partners. Fintech Select have signed a definitive agreement with RMA Canada to deploy its POS cryptocurrency solution across 100,000 locations in Canada and the USA. The Company has been negotiating with different parties regarding the opportunity for a geographic expansion of its POS cryptocurrency solution outside of Canada.
Payment Card Solutions
Fintech’s MasterCard and Visa prepaid card programs have been deployed across multiple corporate and government organizations. The MasterCard branded card program serves a large Point Of Sale (POS) footprint which allows consumers to activate, fund and reload their cards. The pre-paid card program & POS network is the conduit for their crypto solutions.
Cherry Mobile Banking
Fintech’s Cherry is “Uberizing” the mobile banking space by offering a cost effective Peer-to-Peer (“P2P”) solution by matching borrowers with lenders as an alternative to higher cost lending institutions. The mobile banking solution is interconnected with the Companies pre-paid card, giving consumers financial freedom through many features including P2P micro lending, business loans, bill payment, global remittance and other financial features.
The Company states: “Fintech Select practices the highest standards of corporate governance. Responsible and effective governance is essential to our success and we have developed systems and procedures that are appropriate for our business.” Fintech also offer multi-lingual call center services that supports their clients in both Canada and the US. This service can be contracted separately by third parties. The call center is scaleable to support any size customer service program.
Fintech are seeing the future now. As the planet migrates to a near pure digital interfaced world Fintech are ready with their POS crypto currency solutions, pre-paid cards solutions, and mobile banking solutions. With 5G on the horizon and an experienced management team in place, Fintech Select could be a pioneer in the new online digital finance world.
Fintech Select Ltd. has a market cap of C$ 5.5 m, and is headquartered in Toronto, Canada. Fintech Select engages in the provision and development of prepaid card programs, mobile banking solutions, and cryptocurrency technologies.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>