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VAYK Sees Record Emerging Market Cryptocurrency Growth Fueling VAYK Short-Term Vacation Rental Backed Cryptocurrencies
VAYK Sees Record Emerging Market Cryptocurrency Growth Fueling VAYK Short-Term Vacation Rental Backed Cryptocurrencies.
About this update from Vaycaychella Inc.
[{"type":"text","content":"\n Dallas, Texas, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Vaycaychella, Inc. (OTC Pink: VAYK) today highlighted a report from statista indicating that emerging markets are one of the leading contributors to the growth of cryptocurrency adoption.  In fact, Vietnam is reported as the by far cryptocurrency adoption growth leader.  VAYK management views the emerging market cryptocurrency adoption growth leadership as a validation of the company’s current pilot project in Cuba and the company’s overall growth strategy.  From The stastia report today: “One of the reasons cryptocurrencies are proving popular in Vietnam – and other developing countries – is that they are used as an investment tool in lieu of other good options, according to the report. Trying to preserve the value of one’s savings when local currencies are faltering is another incentive to invest in crypto, putting Venezuela, Argentina and Turkey on the map of cryto adopters. Individuals in developing countries also use crypto in peer-to-peer payments. In this segment, African countries like Nigeria and Kenya rank high. African countries have been on the forefront of adopting innovative P2P payment methods, for example mobile payments, in the process of leapfrogging options like bank transfers and those digital payment options tied to them.”  Last week, VAYK announced entering into a letter of intent (LOI) agreement to acquire Definancial, Inc., a technology firm that has developed a proprietary cryptocurrency exchange technology solution.  VAYK plans to soon release a new version of its P2P Alternative Finance Application and integrate the new version with the ability for individuals and SMB operators to launch and list cryptocurrencies where the proceeds from cryptocurrency sales are used to finance the purchase of short-term vacation rental properties and fund other short-term vacation rental business start-up expenses. Cryptocurrency holders will have a redeemable economic interest in the short-term vacation rental business.  The LOI to acquire Definancial, Inc. is specifically intended to support VAYK’s cryptocurrency strategy with the addition of a cryptocurrency exchange where short-term vacation rental business cryptocurrencies can be listed.  Yesterday, VAYK announced it has a team on ...