Japanese Yen, Singapore Dollar, Thai Baht and
Turkish Lira added to Midpoint's peer-to-peer exchange
platform
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TORONTO, April 23, 2015 /CNW/ - Midpoint Holdings
Ltd. ("Midpoint") (TSXV: MPT) (FSE:8MH) is pleased to announce that
it has added four new currencies to its peer-to-peer cross
currency international payments platform which matches its
customers at the midpoint of the interbank bid and offer rates.
Japanese Yen (JPY), Singaporean Dollar (SGD), Thai Baht (THB)
and Turkish Lira (TRY) have been added to the existing service
offering of: Canadian Dollar (CAD), US Dollar (USD), Euro (EUR),
British Pound (GBP), Swiss Franc (CHF), Danish Krone (DKK),
Norwegian Krone (NOK), Swedish Krona (SEK) Australian Dollar (AUD),
New Zealand Dollar (NZD), United Arab Emirates Dirham (AED) Polish
Zloty (PLN) and Hong Kong Dollar (HKD).
John Booth, Chairman & CEO of
Midpoint, commented,
"We are pleased to add the four new currencies to our platform. The
growing adoption of our peer-to-peer marketplace and our increasing
customer needs has driven this. The Middle East, Asia and Turkey are key markets for international money
transfers. We look forward to facilitating peer-to-peer
transactions at the mid-market rate that will provide efficient and
transparent costs to cross border payments in these regions,
allowing more consumers and businesses to save money. We are
continually looking for new opportunities and anticipate launching
additional currencies soon."
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release and has
neither approved nor disapproved of the contents of this press
release.
This news release contains certain "forward-looking
information" within the meaning of applicable securities law.
Forward looking information is frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "would", "potential",
"proposed" and other similar words, or statements that certain
events or conditions "may" or "will" occur. These statements are
only predictions. Forward-looking information is based on the
opinions and estimates of management at the date the information is
provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
information. For a description of the risks and uncertainties
facing Midpoint and its business and affairs, readers should refer
to Midpoint's Management's Discussion and Analysis. Midpoint
undertakes no obligation to update forward-looking information if
circumstances or management's estimates or opinions should change,
unless required by law. The reader is cautioned not to place undue
reliance on forward-looking information.
SOURCE Midpoint Holdings Ltd.