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TORONTO, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN)(8BF.F)(BLFDF) is pleased to announce that it has entered into a pre-solution design and consulting agreement (the “Agreement”) with LAVA Blockchain Technologies Inc. (“LAVA Coin”). LAVA Coin is focused on building a blockchain-enabled global Membership community empowered with the use of crypto-based community cards for Point of Sale and tools to enable swift seamless transactions in all marketplaces. According to the World Payments Report 2017 (“WPR 2017”), global digital payments volumes are predicted to reach nearly 726 billion transactions in 2020.
LAVA Coin’s aim is to disrupt the payments industry by providing safe, secure and fast global transfers of cryptocurrency and fiat funds, true stable value with an asset-backed token and ultimate usability online and at point of sale.
BCF will provide LAVA Coin with the expertise to design the blockchain-based architecture for LAVA Coin’s platform; leveraging the Syscoin blockchain. “We are very pleased to engage in a strategic partnership with the team at Blockchain Foundry,” stated Joy Case Founder & CEO of LAVA Coin, “Our team has extensive experience in the payments, M&A, innovative technologies and real estate industry so we are a discerning group. Prior to choosing the Syscoin assets and ZDAG system, I evaluated several blockchain-based solutions. I was impressed by the brilliance, innovation and expertise of the team at BCF. We have premium products for a discerning marketplace. As such we sought out the very best in the industry to build our enterprise blockchain solution. We could not be more proud than to have joined forces with BCF.”
The LAVA Coin Platform is designed to unite communities through a Community Card program that gives access to everyday purchases for crypto holders and ensures that a portion of each low transaction fee gets reinvested into its Member’s projects.
LAVA Coin’s Membership Creed: “We believe in the power of people to build a better world. We believe in the promise of cryptocurrency to transfer funds without borders swiftly and seamlessly. We believe in supporting our entrepreneurs with every transaction we make.”
LAVA Coin’s blockchain-based platform utilizes Syscoin’s immutable blockchain technology to provide quick, seamless transactions, enabling individuals to buy and sell with cryptocurrency or fiat in an encrypted, secure environment.
“We are thrilled to be assisting LAVA Coin on its blockchain journey,” stated Sebastian Schepis, CIO of Blockchain Foundry. “We continue to believe in the migration of multitudes of businesses towards blockchain-based technology solutions for the foreseeable future, and we cherish the opportunity to share our in-depth knowledge and experience with LAVA Coin."
About Blockchain Foundry Inc:
Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.
About LAVA Coin:
Bigger than Bitcoin!
LAVA Coin’s mission is to bolster mass adoption of cryptocurrency by making it accessible, easy, fast and available for everyday purchases.
LAVA Coin, used within the Member’s network on the LAVA App, will facilitate the lowest fee transactions from crypto to fiat to crypto. LAVA Coin is a stable, asset-backed Coin.
LAVA Coin offers a Membership based community and is committed to supporting their Members with every transaction made on the network. LAVA Coin is the fluidity of cryptocurrency.
Blockchain Foundry Media Contact Information:
Chief Financial Officer
LAVA Coin Media Contact Information:
CEO and Founder
Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.
Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.