Business
Planet Ventures Inc. Announces Strategic Investment in FinX Solutions Inc.- a Disruptive and Revolutionary Blockchain Enabled Mobile Payment and Remittance Platform
(via TheNewswire) Vancouver, British Columbia / TheNewswire / December 20, 2017 - Planet V...
About this update from Planet Ventures Inc
[{"type":"text","content":"Planet Ventures Inc. Announces Strategic Investment in FinX Solutions Inc.- a Disruptive and Revolutionary Blockchain Enabled Mobile Payment and Remittance Platform(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / December 20, 2017 - Planet Ventures Inc. (the \"Company\") (TSX.V: PXI; FSE: P6U) is pleased to announce that it has made a strategic investment in FinX Solutions Inc.- a blockchain enabled mobile payment and remittance platform.\n\n \n \nPlanet has invested $250,000 at a $5 million pre-money valuation. \n\n \n \nFounded in 2017, FinX is a technology company started by Exilion Technologies Inc. founder, Michael Shmulevich. Mr. Shmulevich was previously the Chief Executive Officer of a software consulting firm that specialized in the fintech, blockchain and algorithm-intensive solution industry. FinX has assembled an experienced management team with a successful track record of delivering technical projects within the fintech area, including cryptocurrency exchanges, algorithmic trading systems, smart routing solutions as well as the integration of other various financial services. \n\n \n \nPrior to starting FinX, Mr. Shmulevich created and launched the BFX Swapmaster platform - a suite of algorithms for automating the lending of cryptocurrencies through multiple exchanges. The BFX Swapmaster platform has been successfully operating since mid 2015 and as of 2017, the platform was fully integrated as part of the FinX Solution.\n\n \n \nFinX focuses on the development and marketing of white-label blockchain technology integration solutions for existing financial businesses. In particular, FinX's goal is to enable mobile payment, remittances and other financial business operations, to expand their current offerings by introducing cryptocurrency capabilities to their existing customer base.\n\n \n \nThe FinX Solution provides several key capabilities, which include:\n\n \n \n-A smart secure wallet solution for over-the-counter cryptocurrency purchases;\n\n\n \n-Sales and lending of traditional currencies and cryptocurrencies;\n\n \n \nFinX is working to expand its current offerings by adding: \n\n \n \n-Multiple currencies, multiple signature wallets and wallet support for ERC-20 tokens (ICO tokens); \n\n\n \n-Smart routing capabilities; \n\n\n \n-Integration with several major cryptocurrency exchanges in...