The Uberization of Cryptocurrency
Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSXV: FTEC) has developed financial technology platforms that permits any business or person to set up their own cryptocurrency, a me-coin.
We live in an increasingly cashless society, where electronic payment options have become the norm.
We also live in a post-Uber and post-Airbnb society where the provision of services has been democratized.
Here comes Fintech Select to democratize, among many possibilities, microloans and permit anyone or any business to create its own cryptocurrency and buy cryptocurrency.
Since 1999 Fintech (formerly SelectCore Ltd.) operates three divisions based on proprietary intellectual property:
- A robust MasterCard and Visa program of prepaid cards that has been adopted by multiple corporate and government organizations;
- A mobile banking Point of Sale (POS) solution that resembles Uber; and,
- Selectcoin, a Point of Sale cryptocurrency that beats the currently inaccessible cryptocurrencies.
The Company’s MasterCard branded card program services a large Point of Sale (POS) footprint which allows customers to activate, fund, reload their cards. The Pre-Paid program of POS network is the work horse of the next two divisions.
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The mobile banking solution is interconnected with the Pre-Paid cards giving customers the financial freedom through many disruptive features including Peer-to-Peer microlending, bill payment, remittance and other financial features. This is based on a cost-effective platform by matching borrowers with lenders as an alternative to banking institutions. This is like the Uber of lending: simple, diffuse and customer centric.
Selectcoin is deploying a POS cryptocurrency solution to provide easy and hassle free buying and selling of Crytocurrencies through retail partners. This is connected to Fintech’s Selectcoin and POS footprint to allow anyone to buy and sell cryptocurrency easily.
Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Its mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.
Founded in 1999 as SelectCore Ltd., Fintech has been ranked among Canada’s fastest growing companies by Profit Magazine four times in the past six years and were included in the Deloitte Fast 500 list of North America’s fastest-growing technology companies and the Branham 300, celebrating Canada’s biggest tech companies.
In August 2017 SelectCore Ltd. announced that has filed Articles of Amendment effecting its name change to Fintech Select Ltd. The name change reflects the Company’s plans to implement its software solutions to integrate cryptocurrency and other Fintech products to its existing prepaid card and POS platforms.
Soon to be released upgrades will enable the company to integrate mobile wallet technology enabling consumers to purchase and sell Bitcoin and other popular cryptocurrencies.
The Company intends to integrate their proprietary crypto wallet technology to their prepaid card products allowing for seamless spending of cryptocurrencies.
Dr. Luc C. Duchesne is a Speaker and Author with a PhD in Biochemistry. With three decades of scientific and business experience, he has published ... <Read more about Dr. Luc Duchesne>