Business
WRIT Media Group Announces Development of Blockchain-Based Payment Systems
WRIT Media Group Announces Development of Blockchain-Based Payment Systems.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n \n \n WRIT Media Group Announces Development of Blockchain-Based Payment Systems\n \n \nWRIT Media Group Announces Development of Blockchain-Based Payment Systems\n \n LOS ANGELES, CA--(Marketwired - Jul 11, 2016) - WRIT Media Group, Inc. (OTCQB: WRIT) is pleased to announce plans to integrate its Pelecoin Blockchain technology into products and applications that can be used to make it as easy to spend digital currencies, cryptocurrencies and Pelecoin, as it is to spend US Dollars.\n Through its acquisition of Pandora Venture Capital, the Company assumed a skilled management team with backgrounds in payments, telecom and digital currency, making them an ideal group for bringing digital currencies and Blockchain-based payment technologies into the real world where they are attached to a debit card or mobile phone payment application. \n \"Our goal is to create the industry standard for Blockchain-based, secured payments solutions,\" said Eric Mitchell, President of WRIT Media Group. \"The Company has been in discussions with several market-leading, best-in-class industry players to engage an initial and formative partner that will invest in, and help develop, our Pelecoin technology into a proprietary, transparent, digital payment system that become the market standard.\"\n About WRIT Media Group \n WRIT Media Group, Inc. (OTCQB: WRIT) is a diversified media and software company whose operations include content production and distribution; video game distribution via mobile platforms; and digital currency software development, including trading platforms and Blockchain solutions.\n The Company's portfolio of wholly owned businesses includes:\n \n \n Front Row Networks, a content creation company which produces, acquires and distributes live event programming for worldwide digital broadcast into digitally enabled movie theaters and online streaming;\n \nAmiga Games, a software company resurrecting the Amiga brand by publishing retro video games on smartphones, tablets and consoles;\n \nRetro Infinity, Inc., a video game distribution portal which publishes video games from Amiga, Atari and other \"retro\" brands on today's smartphones, tablets and consoles; and\n \nPandora Venture Capital, a software developer with a focus on digital currency technologies, including; a cryptocurr...