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SocialPlay USA, Inc. (OTC: SPLY), ("SocialPlay" or the "Company"), announces that it is finalizing negotiations to acquire Spot And Pay Inc. (http://www.spotandpay.com) and its Spot&Pay Mobile Payment Platform. The Company's software development plan has evolved to include a substantially more robust proprietary platform wallet feature that will allow users to create their own wallet so that they may buy and sell bitcoin and other cryptocurrencies directly from the Spot&Pay platform. As part of its strategy going forward, SocialPlay will focus significant development efforts on the integration of cryptocurrency and blockchain technologies into its product offerings.
Social Play USA, Inc. (OTC Pink: SPLY), ("SocialPlay" or the "Company"), along with development and acquisition partner Spot and Pay, Inc. (http://www.spotandpay.com) is pleased to announce a significant new milestone in the ongoing development of the Spot and Pay universal mobile payment application, by Integrating risk mitigation and user verification security features. Know Your Customer, or 'KYC' guidelines are widely adopted methodologies used in the financial sector that prevent banks - or a payment application such as Spot and Pay - from being used, intentionally or unintentionally, by criminal elements for money laundering activities and financial fraud. Not only does this give peace of mind to the vast network of users, it also rises to the level of compliance adhered to by all traditional financial institutions around the globe.
Social Play USA, Inc. (SPLY), ("Social Play" or the "Company") announces that significant advances in its corporate vision and mobile payment platform infrastructure. The Company, along with development and acquisition partner Spot And Pay Inc. (http://www.spotandpay.com ) has integrated the first of a number of cryptocurrency payment options into the Spot&Pay mobile payment platform. Bitcoin is the first digital currency to be added to the existing Spot&Pay payment system infrastructure and allows users an additional choice when it comes to paying for goods and services.