Fast Finance Pay Corp. develops communication and digital payment services built around the OK.secure platform and related brands. Company updates focus on encrypted messaging, chat and video calls, file sharing, cloud storage, non-custodial crypto wallets, crypto-to-fiat conversion, and digital payment features for consumer and business users.
News also covers the rollout of OK.pay, including personal IBAN accounts, Visa debit card access and payment services within the OK.secure app, as well as OK.ai assistant features, OK.de services, quarterly financial results, capital-structure actions and audit-related reporting developments.
Fast Finance Pay Corp (FFPP) announces the acquisition of a crypto services portfolio from FortKnoxster Ltd, enabling access to over 40 blockchains and 100,000 digital assets for its 2.3 million users of OK.de Services. The launch of the OK. secure wallet is anticipated in Q2 2023, adding a crypto wallet feature to its secure messenger service. Additionally, the company is exploring a joint venture for an electronic payment card across the EU due to delays with Rails Bank. Despite challenges, management expresses satisfaction with progress amidst a tough trading environment.
Fast Finance Pay Corp (FFPP) announced the resolution of all ongoing litigation against the company by Life Wellness, Inc., with the case officially discontinued on November 10, 2022. This settlement follows a previously reported conditional settlement involving the issuance of 5 million restricted common shares. Additionally, FFPP clarified its acquisition of Ok.de Holding, Inc., completed on November 8, 2022, for 100% of its shares, involving a share exchange with a total of 3,940,206 new convertible preferred shares issued to the prior shareholders.
Fast Finance Pay Corp. (FFPP) announced an acquisition of FF24 Sustainability GmbH, formerly known as OK.de, through a Florida-based Special Purpose Vehicle.
This move targets the fintech sector, enhancing FFPP’s offerings in secure messaging and cryptocurrency transactions. OK.de boasts around 2.3 million users in Germany, benefiting from military-grade encryption for its messaging app. The deal includes issuance of Series 'E' Convertible Preferred Stock to outside investors, facilitating potential liquidity events for early stakeholders.