Newnote Financial Acquires 100% Interest in Revenue Generating Cointrader.net Bitcoin ExchangeFriday, March 20, 2015
Newnote Financial Acquires 100% Interest in Revenue Generating Cointrader.net Bitcoin Exchange, CoinZero Point-of-Sale System and ATM Machines in London & Tokyo
Vancouver, BC, March 20, 2015--(T-Net)--Newnote Financial Corp. , (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) announced that the Company has acquired Canadian based Bitcoin exchange Cointrader.net, the CoinZero Point-of-Sale System and ATM machines in London & Tokyo among other assets for CDN $1,500,000 in cash and stock, making Newnote the world's first and only publicly traded Bitcoin exchange listed on three stock exchanges, according to the company.
CoinTrader.net is a leading North American Bitcoin exchange; one of the top two Bitcoin exchanges in Canada by volume founded by the Bitcoiniacs whom were responsible for the installation of the world's first Bitcoin ATM in Vancouver, Canada, as well as the opening of the world's first physical Bitcoin Brokerage in July of 2013.
CoinTrader.net‘s imminent entry into the U.S. and European markets; with the help of strategic partner Vogogo Inc. (TSXV:VGO), will enable users direct bank transfers in all 50 states and many countries throughout the Eurozone later this year.
Cointrader.net offers its users 100% insured Bitcoin deposits through partner XAPO and unparalleled security from partner Crowdcurity, a service offering white-hat hackers a fee for identifying potential security threats, according to the company.
The Cointrader.net API allows developers direct access to the exchange's order book which can be used to execute automated trades, pull market data or interface with Bitcoin ATM machines.
CoinTrader.net currently has nearly 1000 Bitcoin ATMs connected worldwide: in Canada, the UK, Japan, Singapore and over 800 terminals connected through the ZebraPay network in Romania. The acquired ATM machines currently located in Tokyo and London utilize the Cointrader.net API to automatically buy and sell Bitcoin directly from the order book on the exchange.
In addition to Cointrader.net, the Company has also acquired Point-of-Sale system CoinZero. CoinZero enables retail merchants and online stores the ability to accept Bitcoin for merchandise. CoinZero offers a plethora of features such as inventory tracking and simple accounting to name a few. Most importantly, CoinZero offers Bitcoin to fiat conversion, positioning Newnote to compete with BitPay and Coinbase which also offer a similar service.
CEO & President of Newnote, Paul Dickson, reports: “This transaction positions Newnote as the de-facto leader in the crypto-currency space in Canada. Cointrader.net, CoinZero and the ATM network offer our shareholders direct exposure to the primary revenue generators in the digital currency space; it is our mission to deliver on our promise to offer the most innovative products and services available.”
The Company intends to engage in an aggressive marketing program geared at building the Cointrader.net user base and expanding internationally via strategic business relationships with top-tier Bitcoin operations and startups alike.
Visit Cointrader at www.cointrader.net
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.
Newnote Financial Contact Information
President, CEO & Director
Newnote Financial Corp.
CSE: NEU; OTCQB: NWWTF; FSE: 1W4
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
Bitcoin Exchange: www.cointrader.net
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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