Business
SAGD Progressing with PotPons
SAGD Progressing with PotPons.
About this update from South American Gold Corp
[{"type":"text","content":"January 5, 2018. South American Gold Corp (OTC: SAGD), is pleased to announce that great progress is being made with PotPons. SAGD CEO David Reeves would also like to take the opportunity to more fully outline PotPons and its varied applications. According to Reeves, “To understand the success path of PotPons, one must first understand that PotPons is really two completely separate products, branded under the same name. On the one hand, we have PotPons Coins, the P2P tradeable cryptocurrency which was designed, with full market integration, to be owned by the people with no one single controller. In addition, have PotPons Merchant Services System, which is designed to initially service the Medical Marijuana Industry utilizing the PotPons Coin as the virtual currency which will act as an alternative payment solution to cash.”Reeves continued, “It is our belief that the success of a coin relies directly upon the community that accepts the coin. First, we must move to get the public’s belief in the PotPons Coin “Mission Statement” and their acceptance of that in the market. Second, we must directly and through the community, obtain acceptance by multiple mid-level and high-level trading platforms, including our agreed first platform of BitTraderPro.com, a product of Favored, Inc. (OTC: FVRD). Third, we must keep the name of PotPons in the market’s view to grow the recognition while increasing the circulation supply. Fourth, we must strive to add both horizontal and vertical market acceptance of the Coin to increase the desirability of the PotPons Coin. The success of PotPons Coin is solely based upon the cryptocurrency community’s awareness and interest.”Regarding the PotPons Merchant Services System, the US market is a multi-billion dollar market that needs a safer way to process transactions, given that all other competitors in this space are not US based. The PotPons Merchant System is designed to be fully transparent providing the records needed utilizing the State Chartered Banking Systems.According to Reeves, “The PotPons Merchant System is different from previous attempts by the competition in several respects: we are a US company, that understands the present rules and regulations; we are ever-growing in knowledge as the rules and regulations are changed so we can quickly adapt accordingly;...