|By Business Wire||
|May 2, 2014 02:09 PM EDT||
Newnote Financial Corp. (the “Company”) (CSE: NEU; FSE: 1W4) is pleased to announce the 100% acquisition of a Google Android App designed to buy and sell Bitcoin. The parties have agreed to maintain confidentiality about the purchase price and other details.
CoinExchange (previously Coinbase Exchange) allows investors to trade Bitcoin like on a stock exchange. It supports multiple order types and allows investors to enter multiple concurrent orders which are automatically executed when the criteria is met. It allows investors to get better buy and sell prices by allowing more control over the conditions under which their BTC are sold without having to always be watching the Bitcoin prices.
Security is paramount: CoinExchange uses a proprietary OAuth 2.0 authentication mechanism, which means it does not store client’s username and password, or even have access to it. CoinExchange only requests permission to retrieve client’s BTC balance, view client’s buy / sell history, and perform buy and sell orders. It cannot transfer bitcoins to any other account or perform any other actions.
More information about the features of CoinExchange you can find on the following link: https://play.google.com/store/apps/details?id=com.black7software.coinbaseexchange
Newnote plans to adapt the app to trade various crypto-currencies on its proprietary PureTrade Bitcoin Exchange which is scheduled to launch following its beta testing phase. The app will also be private labeled for its Bitcoin Exchange licensees. “We opted to acquire full rights and source code to an easy-to-use app that features in-app purchases and that is seeing a rapidly growing user adoption. This strategic acquisition enables us to speed up the development process and get to market with smartphone trading immediately. Our various versions of the CoinExchange will be widely distributed in multiple languages and on popular app stores outside of Google’s Playstore”, reports Paul Dickson, President & CEO of Newnote Financial.
About Newnote Financial Corp.
Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.
For further information please contact
President, CEO & Director
Newnote Financial Corp.
CSE: NEU; FSE: 1W4
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release.
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