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APT Systems, Inc. (APTY) announced the completion of the User Interface/User Experience design for its escrow application, Verifundr. This process is vital for facilitating global market transactions and is done concurrently with the Spera stablecoin release. The Spera stablecoin aims to eliminate market volatility by being convertible to $1 based on the company's cash and gold reserves. The development of Spera is in its final stages, with a third-party security audit nearing completion. The timing aligns with increasing recognition of stablecoins in transactions.
APT Systems, Inc. (OTC Pink: APTY) announced the successful completion of TestNet validation for its Spera stablecoin, a key step in its quality assurance process. The company is preparing to launch a pre-sale site for Spera while awaiting security verification from independent parties. Spera is designed to minimize market volatility, backed by cash and 2% gold reserves, ensuring a stable value of $1. APT Systems has selected an exchange for the initial release and is expanding to additional platforms as interest in stablecoins grows.
APT Systems, Inc. (APTY) announced the deployment of its Spera stablecoin onto the Testnet, marking a significant milestone in its development. This phase is crucial for quality assurance before releasing Spera onto the MainNet, where real economic transactions will occur. Spera's value is backed by US dollars and gold, ensuring stability. APT Systems is also developing a digital wallet that integrates with its Verifundr escrow service, utilizing smart contracts for secure transactions. The company aims for a successful completion of testing and independent verification before the full launch.
APT Systems, Inc. (OTC Pink: APTY) announced the sale of its subsidiary, AUREX Trading and Recovery, to refocus on its core business. This strategic move integrates gold operations directly under APT, aimed at enhancing attention on its Verifundr escrow services and the upcoming Spera stablecoin, which will be partially backed by gold. CEO Glenda Dowie explained that this divestiture allows for better management of resources while maintaining essential relationships within the precious metals sector. The transition will involve continued support for AUREX operations over the next six months.
APT Systems (APTY) is progressing in the development of its stablecoin, Spera, now adopting the symbol SPRA. CEO Glenda M. Dowie emphasizes improvements leveraging recent technological advancements. A security test will validate Spera's safety before its official release, accompanied by an updated white paper. The Verifundr escrow application aims to integrate Spera for smooth US Dollar conversions, ensuring liquidity and volatility protection for users. The growing awareness of blockchain and stablecoins supports the emerging decentralized finance ecosystem.
APT Systems, Inc. (OTC Pink: APTY) has advanced the development of its blockchain-supported escrow service, Verifundr. Glenda M. Dowie, the CEO, announced a dedicated team is creating a user-friendly interface for Verifundr, which will facilitate transactions using US dollars or the Spera stablecoin. Verifundr leverages smart contracts to ensure funds are released when contractual obligations are met. The firm aims to meet global demand for escrow services backed by fiat and cryptocurrency, recognizing blockchain’s potential to reduce fraud in ownership records.
APT Systems, Inc. (APTY) has completed the first phase of compliance with SEC amendments impacting OTC companies. New regulations call for enhanced financial disclosure by September, aiming to improve investor protection. APTY has submitted necessary documentation to the OTC, with final registration pending. The company focuses on three areas: Verifundr, an escrow service leveraging blockchain; Spera, a stablecoin designed to stabilize transactions; and AUREX Trading and Recovery, which recovers precious metals from electronics to reduce waste.
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