Business
South American Gold Corp Announces Development of a Two Stage Merchant Services System
South American Gold Corp Announces Development of a Two Stage Merchant Services System.
About this update from South American Gold Corp
[{"type":"text","content":"South American Gold Corp (OTC: SAGD), is proud to announce that its Sarge Delphi Division has begun development of stage two of the PotPons Merchant Services System (potpons.com) dedicated to the medical marijuana industry.The PotPons Merchant Services System is a multi-faceted payment acceptance and processing system providing for a fiat currency payment alternative for the purchase and sale of legalized medical marijuana and its associated goods and services.PotPons Merchant Services System shall be designed around the acceptance and processing of the digital currency (cryptocurrency) PotPons coin, for the legal marijuana industry. This industry is projected to exceed $55.8 Billion by 2025.About The Coin:The PotPons coin, which is an Ethereum based token set as a tradeable coin, is being deployed through a joint venture with an online exchange, which shall initially be a tradeable crypto on an online exchange. The projected market entry value of each coin is set to have an equivalent value in USD of $0.25. With the market entry of the PotPons coin, the coin will then begin community awareness to create requests for submissions to a number of other high level cryptocurrency exchanges. The proceeds from purchase of the coins, which is expected to be available for purchase in December, 2017 to the general public through the online exchange, is designated to continue the growth of development of the system, sales and marketing, and the funding of the deposit accounts for merchant coin conversion to fiat currency. The option for an Initial Coin Offering is in development and will be launched into the marketplace if it is needed to increase the circulating supply, increase development funding, and once the Initial Coin Offering meets any legal filings required.David Reeves, CEO of South American Gold Corp, stated, “We understand that we are not the first to attempt to enter into the legal marijuana market with a cryptocurrency, however SAGD has a long history in this market with a vast understanding of the legalese associated with the payment for goods and services. We have studied the performance of our competitors and we believe we have a strategy that can provide us with a fast moving positive adoption by both consumers and merchants.”About The Merchant Services System:PotPons Merchant Services is a tw...