CUV Ventures Corp. (TSX-V:CUV) (the “Company”) is
pleased to announce that, subsequent to meetings at the Miami North
American BlockChain conference between January 18th and 19th 2018,
CEO, Steve Marshall and senior management of
CryptoLiquidity Holdings Inc, Canada, have
signed a Memorandum of Understanding (“
MOU”) to
investigate the deployment of CryptoLiquidity’s patent pending
blockchain platform to unite the ensemble of CUV’s Fintech and
travel applications; RevoluPAY®, RevoluVIP, RevoluFIN, RevoluCHARGE
and, future CUV FinTech platforms into a single global marketplace
and unified ledger.
About
CryptoLiquidity
CryptoLiquidity has developed a patent pending
platform (the “Liquidity Platform”), which provides a global,
federated reserve structure which would enable a distributed
repository of; CCU Coin, crypto currencies, and fiat currencies, by
nation and region. Currencies can be imported into the
reserve by CUV’s Fintech and travel applications; RevoluPAY®,
RevoluVIP, RevoluFIN, RevoluCHARGE and future CUV Revolu Fintech
platforms, into a unified global marketplace and tiered centralized
ledger.
Each CUV Fintech application would work in
synergy to grow the asset value of the reserves, and each
contribution can be mapped by application and geography,
guaranteeing a global treasury capability.
In the systems administrative back-end console,
CryptoLiquidity’s distributed platform provides very granular
control over currency trades on global markets, maximizing the
overall value to the platform, while increasing the speed of
transactions in local markets for all CUV’s Fintech Revolu
applications.
CryptoLiquidity deploys secure, standalone
wallets that allow the user to seamlessly store their overall
assets, whether crypto, CCU Coins or fiat currencies, coupled with
a method to authenticate participants in accordance with KYC, AML,
and GDPR regulations. Users do not need to worry about the
loss or theft of their keys, as keys are managed by a distributed
enterprise key management system (EKMS).
To improve the performance of the platform,
CryptoLiquidity uses an artificial intelligence engine (SAM) to
enable the platform and, the platform administrators, to make the
right decision at the right time to minimize cost and risk and
maximize the value and security of every transaction.
MOU Scope - Develop, Integrate and Deploy
As the company’s Revolu apps grow into multiple
revenue streams, the Liquidity Platform will form the core treasury
and distributed ledger functions for all Revolu applications and,
therefore, the scope of the MOU is focused on CryptoLiquidity
developing their core federated reserve structure and tailoring it
to manage and direct all transactions into and out of the
reserve.
The key development, integration, and deployment
functions that CryptoLiquidity will have complete control over
include:
Roll-out Reserve
Global Reserve
- Instantiate the Global Reserve
- Spawn the National Reserve(s)
- Load the Global Reserve
- Transfer / Receive Assets to / from the National
Reserve(s)
- Monitor Assets in the National Reserve(s)
National Reserve
- Receive / Transfer Assets from / to the Global Reserve(s)
- Spawn Regional Reserve(s)
- Transfer / Receive Assets to / from the Regional
Reserve(s)
- Monitor Assets in the Regional Reserve(s)
- Optimize ForEx
Regional Reserve
- Receive / Transfer Assets from / to the National
Reserve(s)
- Transfer / Receive Assets to / from the National
Reserve(s)
- Transfer / Receive / Monitor Assets to / from the Attached
Escrow Reserve(s)
AI Engine
- Instantiate AI for Security
- Register all services and DLT’s
- Monitor the Private Reserve DLTs by Nation
- Establish Reserve Beacon
- Manage offline reserves
- Monitor all transactions optimize transfers to/from and between
Reserves
Roll Out and Integrate RevoluPAY® and RevoluCHARGE
- Reserve Broker
- Instantiate & register with SAM
- Establish batches of Reserve Brokers by Nation and Region
- Register Floats and Escrows
- Transfer funds to/from Market Floats
- Manage Market Float Balances
Market Float Wallet
- Instantiate Market Floats by Nation/Region
- Register Floats with SAM & Reserve Broker
- Tie Floats to National & Regional Reserves
- Ensure Market Floats have adequate currency mix by Nation
- Monitor Currency Exchanges & Remittance Transactions
Requirements
Currency Exchange
- Establish Currency Exchange Function
- Register Currency Exchange with SAM, Market Floats, and Reserve
Broker
- Monitor Remittance Transactions
- Select optimal currency source (Reserve or Market Float)
International Remittance
- Establish International Remittance Function
- Register with SAM, Currency Exchange & Market Floats
- Register all user wallets (corporate & consumer) as
required
- Create intelligent Contracts to enable consumers to store funds
for future remittances while gaining interest from being available
to RevoluFIN.
RevoluVIP
- Establish VIP Travel Function
- Register with AI (SAM), Reserve Broker & Market Floats and
GDS
- Pull GDS Data and post in CCU Coin
- Register all user wallets (corporate & consumer) as
required
- Create intelligent Contracts between consumer, VIP Travel, and
suppliers for each purchase
- Post Purchase Contracts onto the DLT, including annual renewal
contracts.
Supplier Remittance
- Supplier(s) confirms acceptance and Contract are posted to the
DLT.
- Remittance can be immediate, at time of use.
- Remittance may have a cancellation function with all or a
portion returned to the consumer.
Escrow
- Instantiate and register with SAM, Market Float, & Currency
Exchange
- Establish batches of Escrow Wallets by Nation and Region
- Manage funds from the Lending Engine & Market Float
- Intelligent Contracts to Manage Value Transferred between
Wallets and Services
Lending Engine
- Establish Lending Engine Function and Integrate with
RevoluFIN
- Register with SAM, Reserve Broker, and Escrow Wallet
- Create Intelligent Lending Contracts to perform due diligence
with KYC/AML databases and provide a variety of other lender/debtor
services
- Enable Lending Contracts to flow from the Reserve Broker or the
Lending Auction to the Escrow Wallet (where the Reserve is the
source of the funds)
Lending Auction
- Establish Lending Auction Function
- Register with SAM & Lending Auction
- Manage Peer-to-Peer loan requests and loan package
proposals
- Store Loan Contracts in Escrow Wallet
- Enable recipient to choose a lender or contract to expire
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, Invoice factoring, Crypto Mining, Blockchain
Systems, and Cryptotoken sectors.
Our flagship technology is RevoluPAY®®, the
Apple and Android multinational remittance app, powered by
blockchain protocols, and aimed at the worldwide + $595 billion
family remittance market.
The ₡CU Coin Cryptotoken, allied to RevoluPAY®,
promises to be the coin of choice for remittance senders,
travelers, and the hospitality industry. Its increasing adoption
across several spheres exemplifies its international perspective
and future value amongst users.
The company’s FinTech division continues to
expand into this rapidly emerging segment, in which it; manages,
operates and develops end-to-end digital platforms to monetize the
blockchain ecosystem across a broad spectrum of leisure related
industries, remittances, and finance.
A diverse division of the company,
named Cuba Ventures, is involved in Caribbean Basin strategic
investments. Similar to the United States NASDAQ
listed Herzfeld Fund, the focus is to control noteworthy
assets related to the Caribbean Basin (including Cuba). The
division is comprised of numerous assets. A wholly owned
subsidiary Travelucion Media is a duly licensed and bonded
online travel company, Amadeus GDS affiliated, digital
and print media powerhouse that specializes in travel marketing,
electronic reservations, and online booking
solutions. Travelucion owns a vast portfolio of web
assets consisting of 432 Cuba-centric websites in up to 5 languages
which generate over 35 million page-views per year and direct
traffic to Travelucion’s online booking and e-commerce sites and
proprietary online booking systems, also customized for white label
deployment on third party booking websites for; Cayman Islands,
Dominican republic, Aruba, Bahamas, BVI, Belize, Antigua, Jamaica
and Cuba, offering bookings for hotels, private residences, car
rentals, tours, flights and a variety of other types of specialized
travel services.
In 2017, the company acquired equity in the
Florida, USA based, licensed and bonded travel
agency; International Business & Travel Opportunities, LLC
(IBTO), a Caribbean Basin focused travel facilitator operating
trips in the region (including licensed Cuba trips for
Americans).
In 2018, the company acquired equity in the
Florida, USA based, Third Circle Publishing LLC, publisher of the
esteemed and U.S circulated print and digital magazine Cuba
Trade Magazine. CUV Ventures Corp owns an interest in some
important print and digital media assets, reaching 10s of millions
of consumers globally.
In 2018, the company acquired equity in the
Toronto; Canada based, FINTRAC licensed, remittance company, Duales
Inc. as part of the RevoluPAY® remittance app partner network.
In 2018, the company acquired equity in the
Miami, USA based, Business advisory/consultant think-tank Havana
Consulting Group, as part of the progressive acquisition of key
Cuba related but, non domiciled, businesses.
The Cuba Ventures division consulting team
harnesses over 80 years of combined advisor experience in
submitting and, obtaining approval, for joint ventures, joint
production agreements, and import/export permits for foreign
enterprises. More recently the company has taken a royalty approach
for future agreements between third parties anxious to begin
commercial operations with Cuba and, the company’s Cuba Consulting
Unit.
Through this methodology, the Company is
gradually building a potentially valuable “future-ready”, non
Caribbean (Cuba) domiciled asset base while, in the interim,
securing revenue, growth and unique opportunities present in the
Caribbean Basin, with an emphasis on the $4 billion dollar and
rapidly growing Cuban travel and tourism industry, $3 billion
factoring and FinTech sector, $18.6 billion Caribbean
remittance industry and international corporate consulting for
Cuba’s estimated $86 Billion annual economy, which remains an
interesting opportunity and, one that this division strives to
dominate at every opportunity by acquiring assets that are neither
physically domiciled nor associated with entities located in the
Republic of Cuba but, that have unparalleled future takeover
prospects, should the political climate improve.
For further information on CUV Ventures Corp.
(TSX-V: CUV) visit the Company’s website at www.cuvventures.com.
The Company has approximately 123,000,000 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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