19:25:17 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Revolugroup Canada Inc
Symbol REVO
Shares Issued 224,752,906
Close 2024-04-24 C$ 0.055
Market Cap C$ 12,361,410
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Revolugroup Canada forms partnership with Bit2Me

2024-04-25 12:52 ET - News Release

Mr. Gavin McMillan reports

REVOLUGROUP AND BIT2ME ANNOUNCE STRATEGIC PARTNERSHIP TO ENHANCE GLOBAL PAYMENTS AND DIGITAL ASSET ACCESSIBILITY

Bitcoinforme SL (Bit2Me) and Revolugroup Canada Inc. have formed a strategic partnership with Revolugroup wholly owned subsidiary Revolupay SP and Bit2Me, in the evolution of digital asset accessibility, harnessing the strengths of both entities to offer digital asset management and a seamless payment processing between fiat currencies and digital assets.

The collaboration with Bit2Me (executed on April 16, 2024) represents a mutual commitment to simplifying the user experience while maintaining the highest security and compliance standards. By leveraging Revolugroup's advanced payment solutions and Bit2Me's extensive expertise as one of the most trusted exchanges, Revolugroup intends to empower its partners and subscribers with more secure, accessible, digital asset management and seamless payment processing across digital and traditional financial services.

"Through our Bit2Me API platform, developers can create new services based on digital assets and build custom solutions for their companies or projects. We are in talks with practically every company in the European fintech and banking sector because everyone is getting ready," remarked Leif Ferreira, chief executive officer and co-founder of Bit2Me. "Partnering with Revolugroup introduces a novel approach to streamlining payments and broadening access to digital assets on a global scale."

This partnership underscores the shared vision of Revolugroup and Bit2Me -- to democratize access to a trusted digital asset exchanges and cross-currency payment solutions, making them accessible to a global audience through the Revolugroup global payment fabric. Through this collaboration, both companies aim to enhance the user experience further, fostering greater inclusion and flexibility in personal and commercial financial management.

"Incorporating a digital asset exchange and payment network into our global payment fabric was a logical extension of our core platform," stated Gavin McMillan, director and CEO of Revolugroup. "With Bit2Me as a partner, we can offer more flexible solutions to our clients, whether it's a remittance solution, enterprise payment platform, or acting as the correspondent financial platform to other fintechs and neobanks."

About Revolupay

The company's flagship neobanking technology is Revolupay, the Apple and Android multinational payment app. Conceived entirely in-house, Revolupay features proprietary, sector-specific technology of which the resulting source code is the company's intellectual property. Revolupay's built-in features include remittance payments, foreign exchange, retail and hospitality payments, real estate payments, pay-as-you-go phone top-ups, gift cards and on-line credits, utility bill payments, leisure payments, travel payments etc. Revolupay is aimed at the worldwide multibillion-dollar open-banking sector and $630-billion-plus family remittance market. Revolupay is operated by the European wholly owned subsidiary RevolupaY EP SL located in Barcelona. Revolupay is a licensed United States MSB (money services business), Canadian FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and European PSD2 payment institution 6900 under EU directive 2015/2366 with EU passporting.

About Revolugroup Canada Inc.

Revolugroup Canada is a multiasset, multidivisional, publicly traded Canadian Company that controls five wholly owned subsidiaries on four continents. Revolugroup deploys advanced technologies in: banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, on-line travel, vacation resort, blockchain systems and fintech app sectors.

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