CurrencyWorks Signs Agreement with XTM to Enable its Today™ Global Wallet Holders to Purchase NFTs
30 Março 2021 - 10:15AM
CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (TSXV: CWRK
and OTCQB: CWRK) a financial technology blockchain pioneer and
digital payments provider today announced that XTM Inc. (“XTM”)
(OTCQB: XTMIF) (CSE:PAID), (FSE:7XT), has signed an agreement with
CurrencyWorks to enable its Today Mobile Wallet holders access to
its industry-leading CurrencyWorks Collectibles NFT platform and
proprietary NFT payment platform at its launch in Q2 of 2021.
A pioneer in the NFT space, the CurrencyWorks
Collectibles NFT platform includes unique features and capabilities
to help drive value and the best user experience of the NFTs
created and managed for its customers. CurrencyWorks has value-add
features including the design of NFTs, automatic copyright
registration with the United States copyright office, automated
usage tracking, and license management in addition to exclusive
content, features, and benefits.
CurrencyWorks recently announced that it will be
creating the first NFTs for the Barrett-Jackson Auction Company.
Debuting in the first series will be auctions and exclusive content
of the sale of VIN 001 vehicles including 2021 Ford Bronco 2-Door
VIN 001, 2022 GMC Hummer EV Edition 1 VIN 001, 2021 Ram 1500 TRX
Launch Edition VIN 001, and 2021 Ford Mustang Mach 1 VIN 001.
“According to Forbes, within less than three
months, the combined market cap of major NFT projects has increased
by 1,785% in 2021. Demand for participation in acquiring NFTs is
quickly accelerating,” said Cameron Chell, Chairman, CurrencyWorks.
“Creating accessibility to XTM’s Today users through CurrencyWorks’
proprietary platform to NFTs such as the recently announced VIN001
series from Barrett-Jackson is another step in broadening our
base.”
“We have growing demand from our mobile
subscribers for easy access to an NFT provider,” commented Marilyn
Schaffer, CEO of XTM. “With CurrencyWorks being the leader and
innovator in the space this exclusive choice was an easy one.”
About XTMXTM, www.xtminc.com is
a Miami and Toronto-based fintech innovator in the neo-banking
space helping business and workers alike expedite earnings payout
and eliminate banking fees. XTM is a global card issuer and
real-time payment specialist providing its technology to businesses
to automate and expedite worker payouts that can also eliminate
cash. XTM integrates businesses to a payment ecosystem that is
coupled with a free mobile app and a Visa or Mastercard debit card
with free banking features. XTM drives enterprise value and creates
a positive user experience.
About
CurrencyWorksCurrencyWorks Inc. (TSXV: CWRK and OTCQB:
CWRK) is a publicly-traded company that builds and operates FinTech
Platforms for Digital Currencies, Digital Assets, and Security
Tokens.
For more information on CurrencyWorks, please
visit us at www.currencyworks.io. For additional investor info
visit www.currencyworks.io or www.sedar.com and www.sec.gov
searching CWRK.
Media ContactArian Hopkinsarian@currencyworks.io
Company ContactBruce Elliott, PresidentPhone:
424-570-9446Bruce.elliott@currencyworks.io
Disclaimer for Forward-Looking
Statements
This news release contains “forward-looking
statements.” Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things: the statements relating the launch of the NFT
platform in Q2 of 2021; the statements relating to creating the
first NFTs for the Barrett-Jackson Auction Company; and that
creating accessibility to XTM’s Today users through CurencyWorks’
proprietary platform to NFTs such as the recently announced VIN001
series from Barrett-Jackson is another step in broadening the
Company’s base.
The material assumptions supporting these
forward-looking statements include, among others, that Barrett
Jackson Auction Company and the Company will enter into a
definitive agreement with respect to the transactions contemplated
under the letter of intent (the “LOI”) and complete the
transactions as contemplated; that there will be no material
variations in current regulatory environments in which the Company
operates; the perceived benefits from the Company’s blockchain
solutions will be as expected; and the Company will be able to
obtain any necessary financing on acceptable terms. Although
management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect. These forward-looking statements are only predictions
and involve known and unknown risks, uncertainties and other
factors, including: the risk that the parties will not enter into a
definitive agreement as contemplated in the LOI or at all; the risk
that the parties will not complete the transactions contemplated in
the LOI; the parties will not complete the transactions as
contemplated in the agreement between the Company and XTM; the risk
that the Company will be unable to efficiently build the blockchain
solutions; the risk that there may be negative changes in general
economic and business conditions; the risk that the Company may
have negative operating cash flow and not enough capital to
complete the blockchain solutions; the risk that the Company may
not be able to obtain additional financing as necessary; the risk
that there may be increases in capital and operating costs as a
result of working on the blockchain solutions; the risk that the
blockchain solutions may be subject to fraud and other failures;
the risk that there may be technological changes and developments
in the blockchain that make the blockchain solutions obsolete;
risks relating to regulatory changes or actions which may impede
the development or operation of the blockchain solutions; the risk
that other competitors may release similar blockchain solutions;
and other general risks involved in the blockchain solutions.
Any of these risks may cause the Company’s
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Further, although the Company has
attempted to identify factors that could cause actual results,
levels of activity, performance or achievements to differ
materially from those described in forward-looking statements,
there may be other factors that cause results, levels of activity,
performance or achievements not to be as anticipated, estimated or
intended. These forward-looking statements are made as of the date
of this news release, and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States and Canada.
Although the Company believes that any beliefs, plans, expectations
and intentions contained in this news release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. The Company does not assume
any liability for disclosure relating to any other company
mentioned herein.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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