SAN FRANCISCO, CA , March 08, 2018 (GLOBE NEWSWIRE) -- APT SYSTEMS, INC. (OTC Pink: APTY), is pleased to report on its meeting with Enterprise Ethereum Alliance (EEA) and also announce plans to launch its own cryptoasset, named VFRCoins, for use in the Verifundr Escrow and Payments platform.
“We had a very constructive meeting with the Executive Director and gained new insights into how EEA supports members. These takeaways will help guide us when implementing choices for currency and platform developments for Verifundr. Last year, we chose the Ethereum platform specifically due to its unique properties and its ability to deliver on smart contracts,” said Glenda Dowie, CEO.
Verifundr and VFRCoins will fully utilize blockchain technology to help create the agreements we believe are needed to support two party transactions safely and successfully. The VFRCoin is a trusted asset for an identifiable membership in an effort to be compliant with anti-money laundering (AML) rules, the Bank Secrecy Act and know your customer (KYC) regulations. This approach provides sellers with a safe and secure deal environment thus ensuring they get paid on delivery.
Along with traditional currency, VFRCoins will also be used to facilitate funding of transactions and provide for the funding of escrow accounts managed by Verifundr. VFRCoins have unique properties that will be revealed in our white paper scheduled for release in April of this year.
About APT Systems, Inc.: The Management of APT Systems, Inc. works to deliver stock trading tools like Kencharts and its trading platform Intuitrader with a focus on handheld devices; while also strategically acquiring other compatible financial businesses which demonstrate strong growth potential. We are continuing our diligent search for software products that would enhance our operations while still watching dialogue on the proposed legislation for a Fintech National Banking Charter. Management recently launched its subsidiaries SNAPT Games, Inc. and RCPS Management, Inc. to further facilitate new products and long-term goals.
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