Zoompass Achieves Critical Milestone Payment
Zoompass Holdings (OTCQB:ZPAS) announced a milestone payment of $200,000 USD received from Rockwood Digital Assets as part of a $350,000 USD upfront fee.
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Rhea-AI Summary
Zoompass Holdings (OTCQB:ZPAS) announced a milestone payment of $200,000 USD received from Rockwood Digital Assets as part of a $350,000 USD upfront fee. This payment is for the customization and implementation of protocols to launch the InfyDX Cryptocurrency exchange. Zoompass is also providing integration with settlement banking and investor onboarding services. The next milestone payment is expected within 30 days. CEO Manny Bettencourt emphasized the deployment of blockchain technology to enhance digital asset marketing.
Positive
- Received a milestone payment of $200,000 USD.
- Anticipates next milestone payment within 30 days.
- Expansion into the cryptocurrency exchange market with InfyDX.
Negative
- None.
Details
News Market Reaction – ZPAS
The recorded move for ZPAS in the trading session of this news was +17.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESSWIRE / June 23, 2021 / Zoompass Holdings Inc. (OTCQB:ZPAS) ('Zoompass' or 'Company') is pleased to announce that it has received in Q2, a milestone payment of
Zoompass is providing integration with settlement banking along with ongoing investor onboarding and offboarding services. These services include developing a global distribution infrastructure utilizing the Company's global KYC and AML partners.
'We are providing Rockwood Digital Assets (RDA) with robust, blockchain technology to secure and market digital assets in a fully integrated global solution. This supports RDA's mission of marketing turnkey investment and trading solutions to its customers. We are going to leverage this success and focus on rapid deployment and expansion of our technology.' says Manny Bettencourt, CEO - Zoompass Holdings Inc.
About Zoompass: Zoompass is a global fintech innovator focused on developing and deploying blockchain and digital payment solutions, including asset tokenization and cryptocurrency exchanges. The Company continues to aggressively build-out its global infrastructure to support the onboarding and offboarding of customers to its digital payment and blockchain solutions. The Company's goal is to provide a one-stop, all-inclusive offering of services that will allow organizations to better serve its clients and become more competitive through the application of cutting-edge blockchain and digital solutions.
About Rockwood Digital Assets: Rockwood Digital Assets is a technology solutions and services company with a focus on providing B2C, B2B platforms and services utilizing blockchain technology that delivers digital assets.
Manny Bettencourt
Email: mbettencourt@zoompass.com
Website: zoompass.com
Tim Harrington
Email: info@rockwooddigitalassets.com
SOURCE: Zoompass Holdings, Inc.
View source version on accesswire.com:
https://www.accesswire.com/652837/Zoompass-Achieves-Critical-Milestone-Payment
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