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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CUV Ventures Corp | TSXV:CUV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.23 | 0.215 | 0.23 | 0 | 01:00:00 |
RevoluPAY® Banking License - Electronic Money Institution
As shareholders are aware, the RevoluPAY® iOS and Android app currently operate under an indefinite third-party banking license. This license is currently utilized for all user accounts, payment receipts, processing and, other banking activities, for which the proprietary RevoluPAY® app is capable. However, the company has pursued its own Electronic Money Institution banking license since June 2018. First retaining prestigious law firm Hogan Lovells and, then subsequent encounters with central bank officials. Culminating in RevoluPAY® submitting the formal petition for a proprietary PSD2 Electronic Money Institution banking license on November 22nd, 2018. It is coincidental that the PSD2 legislation was ultimately introduced into law one day after, on 23rd November, meaning that RevoluPAY®, if approved, will obtain the latest and, most advantageous variant of the said license. Today’s advent, obtaining the, now conceded, interim exemption from the Central Bank, paves the way for RevoluPAY® to become a fully licensed Electronic Money banking Institution, a prestigious and economically favorable outcome for shareholders, which will allow RevoluPAY® to act autonomously in the following capacities:
RevoluPAY® e-Wallet Linked Prepaid Visa card
The RevoluPAY® physical international visa card permits withdrawals from any ATM that accepts Visa worldwide, allied to POS payment at any location that accepts Visa. This functionality will give RevoluPAY® app users an added layer of financial autonomy, in those locations where NFC enabled POS devices and ATMs, for which RevoluPAY is already enabled, are not yet operational. The card manufacturer has informed the company that the first batch of cards should be available within 4 to 5 weeks.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Mobile phone top-ups, Invoice factoring, Blockchain Systems, and Fintech app sectors.
Our flagship technology is RevoluPAY®, the Apple and Android multinational leisure payments and remittance app, powered by blockchain protocols, and aimed at the worldwide + $595 billion family remittance market. Click here to read more.
For further information on CUV Ventures Corp. (TSX-V: CUV) visit the Company’s website at www.cuvventures.com. The Company has approximately 127,160,000 shares issued and outstanding.
CUV VENTURES CORP.
STEVE MARSHALL______________________________Steve MarshallCEO
For further information contact myself or:Nick FindlerCUV Ventures Corp.Telephone: 604-639-3850Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@cuvventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
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