Business
Cuentas Files Application for Uplisting to NASDAQ
Cuentas Files Application for Uplisting to NASDAQ.
About this update from Cuentas Inc.
[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / May 26, 2020 / Cuentas, Inc. (OTCQB:CUEN) ("Cuentas"), a leading FinTech provider of mobile banking and payment solutions aimed at serving Hispanic and Latino communities, submitted its formal application to list its common shares on the NASDAQ Capital Market."Becoming a NASDAQ-listed company will be a significant milestone for Cuentas that builds on our momentum from the recent launch of our Cuentas GPR card and Mobile App," stated Michael De Prado, co-founder and President. "We expect that the move to NASDAQ would serve to raise Cuentas' visibility and enhance trading liquidity by broadening our appeal to a larger shareholder base as we execute our business plan and drive long-term shareholder value.""After almost 4 years in the public arena, management is very proud to reach this major milestone and with all humility and pride, we would like to thank everyone for their support, faith, patience and dedication that allowed management to achieve this milestone," stated Arik Maimon, co-founder and CEO. There is a lot more to come in this process and we are expecting that all shareholders will be very proud of Cuentas in the coming weeks.The Cuentas Mobile App and prepaid Mastercard services provide a comprehensive financial solution for the 20 million+ underbanked or unbanked U.S. Hispanic & Latino community, providing access to the U.S. financial system to those who cannot or prefer not to bank at a traditional financial institution while enabling greater functionality than a traditional bank offers.A proprietary general-purpose reloadable (GPR) card, the Cuentas prepaid Mastercard provides an FDIC insured account with banking features, ATM access, direct deposit, cash reload, free Cuentas App to Cuentas App "send" or "request" money transfers , and mobile banking capabilities, among other key Cuentas App features - such as purchasing discounted gift cards, including Amazon Cash, Sony Playstation, Microsoft Xbox, Burger King, etc. and the ability to scan & load Mass Transit Cards (available in Los Angeles, Connecticut, Michigan, and expected shortly, New York City). Upcoming App upgrades will also include international cross border remittances and other services such as international Bill Pay whereas US Cuentas App account holders us...