Eagle Oil Holding Company Inc.’s (EGOH:OTC) Subsidiary, Pure Digital Technology, is pleased to announce that it has created a digital Bitcoin wallet to allow an alternate, flexible and safer method for sending and receiving funds. Pure Digital Technology will continue to provide safe and secured solutions for its upcoming Digital Media Broadcast Platforms that requires electronic commerce transactions.
Bitcoin is becoming the most widely used financial instrument, which is known for its strong data security. Bitcoin has disrupted the financial industry over the past several years as it has become more accepted. It is believed that it will drive sustained growth in its price, and become less volatile. In fact, in many places of the world, Bitcoin is less volatile than the local currency.
The security of the Bitcoin protocol lies in one of its fundamental characteristics, the transaction blockchain. Bitcoin uses SHA-256 encryption for its cryptographic hash functions, designed by the National Security Agency. This determines the data's integrity during system and transaction verification.
"Year 2017 begins in a positive manner, the Bitcoin price surged into the $1,000 USD range. By implementing the Bitcoin technology into our upcoming media platforms, will allow Pure Digital to offer an alternate and safe method for payment” states Ken Williams, both CEO of Pure Digital Technology and Eagle Oil Holding Company Inc.
Updates will be forthcoming.
About Pure Digital Technology:
Pure Digital Technology is focused on Information and Computer Technologies to meet needs for home, business, communication, and entertainment needs. It is uniquely positioned by having flexible tools in various environments, with adaptive resources, which allows Pure Digital Technology to be widely adopted. By using 100% Open Source Technology, it allows for a robust, and highly secured environment.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Eagle Oil Holding Company Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Eagle Oil Holding Company, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
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