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READEN HOLDING CORP (OTC PINK: RHCO) ANNOUNCES PAYMENTS EXPANSION: FOXLEY & CARR INC. ACQUISITION, NIGERIA LICENSING, AND EU MICA STRATEGY
READEN HOLDING CORP (OTC PINK: RHCO) ANNOUNCES PAYMENTS EXPANSION: FOXLEY & CARR INC. ACQUISITION, NIGERIA LICENSING, AND EU MICA STRATEGY.
About this update from Readen Holding Corp.
[{"type":"text","content":"READEN HOLDING CORP (OTC PINK: RHCO) ANNOUNCES PAYMENTS\r\n EXPANSION: FOXLEY & CARR INC. ACQUISITION, NIGERIA LICENSING, AND EU MICA\r\n STRATEGY\r\n\r\n \r\n\r\nReaden\r\n Holding Corporation (OTC PINK: RHCO), a venture capital specializing in Fintech,\r\n Digital Payments, and E-commerce, today announced key strategic updates that\r\n reinforce its goal to become a major global player in the payments industry.\r\n\r\n \r\n\r\nNigeria\r\n market entry\r\n\r\n \r\n\r\nFollowing\r\n extensive due diligence conducted by Resolution Law Firm (Lagos, Nigeria), RHCO\r\n has discontinued and canceled the previously announced acquisition of Morrich\r\n Lottery Limited. The review found that the licensing position of Morrich\r\n Lottery Limited did not align with the terms and expectations agreed for the\r\n transaction. In parallel, there is an internal dispute among Morrich’s\r\n management regarding authority and governance. While legal discussions between\r\n counsels are ongoing, RHCO has elected to proceed independently with its Africa\r\n strategy.\r\n\r\n \r\n\r\nRHCO\r\n remains fully committed to entering the Nigerian lottery, sportsbook, and\r\n casino sector. The Company has initiated applications for its own operating\r\n licenses in Nigeria, including a Sports Betting License, a Casino License, an\r\n Interactive Mobile Gaming License, and a Public Online Lottery License.\r\n Securing these licenses will enable RHCO to launch and manage operations as\r\n originally planned under its own structure and governance framework.\r\n\r\n \r\n\r\nAcquisition\r\n of a licensed Money Services Business (MSB)\r\n\r\n \r\n\r\nAt\r\n the same time, RHCO has completed the acquisition of Foxley & Carr Inc., a\r\n licensed Money Services Business (MSB). This is a transformational step that\r\n embeds regulated payment infrastructure directly into RHCO’s core operations.\r\n\r\n \r\n\r\nFoxley\r\n & Carr Inc. is registered with the U.S. Financial Crimes Enforcement\r\n Network (FinCEN) as an MSB (Registration No. 31000301949652), with authorized\r\n activities that include money transmission, dealing in foreign exchange, and\r\n the sale of prepaid access. The company is currently registered for activities\r\n in Montana, USA with foreign-flag capabilities. This compliance posture\r\n provides R...