CUV Ventures Corp. (TSX-V:
CUV) (“the Company”) is pleased
to announce an update.
- RevoluPAY® Update Central Bank Meeting 29th
July
- RevoluREALTY Phase 1 Launched
- RevoluPAY To Launch Virtual Credit Card Up To 250
euros
- RevolUTILITY adds approximately +5000 new
offers
- RevoluVIP Cruise Integration
- Expedia And Bookings Holding VCC Update
Central Bank Meeting 29th July
Update
Director Alfredo Manresa and Corporate attorneys
Hogan Lovells met with Central Bank officials on Monday 29th July
2019 concerning the PSD2 license petition. Shortly after, Mr.
Marshall traveled to Europe to assist in guaranteeing that any and
all additional documentation requested during the said meeting be
prepared as soon as possible. Today, the Company is therefore
pleased to confirm that all requisitioned documents, certifications
and declarations have been conclusively prepared and, that Hogan
Lovells shall submit these to the Central Bank early next week. The
Company remains confident a PSD2 license will be granted.
RevoluREALTY Phase 1 Launched on
Schedule
As per the news release dated 12th July 2019,
concerning the new Real Estate payments vertical, the Company has
today launched RevoluREALTY Phase 1, offering real-time property
searches spanning approximately +2.1 million active real estate
listings in roughly 94 countries worldwide. Phase 2 development
will commence immediately to allow specific affiliated: Notaries,
Escrow agents, Sales Agents, Developers, HOA’s, Property
Inspectors, Valuators and Closing Agents to interact with RevoluPAY
for related transaction payments. RevoluPAY also intends to provide
Forex services for currency conversion related to the property
purchase price for foreign buyers.
RevoluPAY To Launch Virtual Credit
Cards
RevoluPAY has concluded the technical
integration of its proprietary virtual credit cards (VCC). The
multi-use RevoluPAY VCCs will be available initially with a
spending limit of up to 250 Euros (approx. 370 CAD) and, unlimited
VCCs can be generated for both personal use or, friends and family
worldwide. A virtual credit card (VCC) is essentially a disposable
version of your physical debit or credit card that, when used for
online purchases, can assist unbanked citizens worldwide to
purchase online. RevoluPAY VCC’s will offer a number of safety and
security benefits and, are set to launch on or before the 23rd
August 2019. RevoluPAY Physical prepaid Visa Cards will follow
shortly after the launch of the VCC variant.
RevolUTILITY adds approximately +5000
new offers
The company is pleased to announce that as a
result of meetings in Europe between Mr. Marshall and a major
provider, as of today, approximately 5000 additional offers have
been added to RevolUTILITY. The platform now boasts approximately
+15000 worldwide offers immediately payable through RevoluPAY.
Notably, gift cards for Canadian eateries now include: Abbey's
Bakehouse, Auberge du Pommier, Bannock Restaurant, Beaumont
Kitchen, Beauty Barbecue & Smokehouse, Bier Markt, Biff's
Bistro, Boston Pizza, Buffo Restaurant, Canoe Restaurant, Canteen
Restaurant, Canyon Creek, Duke's Refresher + Bar, East Side
Mario's, Elephant & Castle Pub And Restaurant, Fionn MacCool's,
Harvey's, Jack Astor's Bar and Grill, Jump Restaurant, Kelsey's
Original Roadhouse, Leña Restaurant, Liberty Commons at Big Rock
Brewery, Loose Moose Tap & Gril, Luma Restaurant, Maison Selby,
Milestones, Montana's BBQ & Bar, New York Fries, O&B Café
Grill, Bayview Village, O&B Café Grill, Blue Mountain, O&B
Café Grill, Yonge & Front, Oliver & Bonacini, Original
Joe's Restaurant & Bar, Parcheggio Restaurant, R&D
Restaurant, REDS, Scaddabush Italian Kitchen & Bar, Service
Inspired Restaurants, Shift Restaurant, State & Main Kitchen
& Bar, Sub Rosa Restaurant, Swiss Chalet Rotisserie &
Grill, The Guild Restaurant, The Landing Restaurant Group, The
Pickle Barrel, The Ultimate Dining Card. The Company is also
working to increase the current two country Starbucks gift cards to
a worldwide functionality. The RevolUTILITY Tech team will continue
to rapidly add more offers to the platform in the coming weeks.
RevolUTILITY Presentation
RevoluVIP Cruise
Integration
Having overcome some minor technical
difficulties, the Company’s partner FIBOS Cruises is in the final
stages of connecting 33 of the world’s largest cruise lines to the
RevoluVIP platform. The Company expects the said worldwide cruise
operators to be available on the RevoluVIP platform very soon.
Expedia And Bookings Holding VCC Update
The Company is happy to announce that the pace
within which Small Hotels and B&B properties are signing-up
with RevoluPAY for the clearing of Expedia And Bookings Holding
Inc. issued VCC payments has increased significantly in recent
months. The Company currently handles all VCC clearance for
approximately 770 worldwide accommodation hospitality
establishments and, expects this number to continue growing
swiftly.
About RevoluPAY®
The Company’s flagship technology is RevoluPAY®,
the Apple and Android multinational payment app. Built entirely
in-house, RevoluPAY features proprietary, sector specific,
technology of which, the resulting source code is the property of
the Company. RevoluPAY’s built-in features include: Leisure
payments, travel payments, retail and hospitality payments,
remittance payments, real estate payments, pay-as-you-go phone
top-ups, Utility Bill payments, etc. RevoluPAY is powered by
blockchain protocols, and, is squarely aimed at the worldwide
multi-billion dollar leisure sector and, + $595 billion family
remittance market. RevoluPAY® is operated by the European wholly
owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L
operates under European E-money - Directive 2009/110/EC through a
licensed electronic money institution or EDE Banking Licensed
entity.
RevoluPAY Presentation
Links utilized in this news
release
FIBOS Cruises -
http://ist-cruisetech.com/en/fibos-technology/
World Bank remittance Date -
http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
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 150,123,337 shares issued and
outstanding.
CUV VENTURES CORP.
“Steve Marshall” ______________________STEVE
MARSHALLCEO
For further information contact:Don MosherCUV
Ventures Corp.Telephone: (604) 685-6465Toll 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.
CUV Ventures (TSXV:CUV)
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CUV Ventures (TSXV:CUV)
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