APT Systems Announces Milestone with Release of Spera Stablecoin to Testnet
APT Systems, Inc. (APTY) announced the deployment of its Spera stablecoin onto the Testnet, marking a significant milestone in its development. This phase is crucial for quality assurance before releasing Spera onto the MainNet, where real economic transactions will occur. Spera's value is backed by US dollars and gold, ensuring stability. APT Systems is also developing a digital wallet that integrates with its Verifundr escrow service, utilizing smart contracts for secure transactions. The company aims for a successful completion of testing and independent verification before the full launch.
- Deployment of Spera stablecoin on Testnet is a major development milestone.
- Spera is backed by US dollars and gold, providing stability.
- Development of a digital wallet for seamless integration with Verifundr escrow.
- None.
SAN FRANCISCO, CA, Dec. 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- APT Systems, Inc. (OTC Pink: APTY), a software development and fintech company, announced it had deployed its Spera stablecoin onto the Testnet as part of its internal testing and quality assurance prior to release of Spera onto the MainNet for distribution.
“Releasing our Spera stablecoin onto the Testnet represents a major milestone in our development efforts,” says Glenda Dowie, Founder and Chief Executive Officer of APT Systems, Inc. “During this testing phase we perform a final quality assurance pass prior to bringing in third parties for independent security verification.”
Testnet is an alternative blockchain used for validating cryptocoin functionality and Testnet coins are distinctively different from actual coins as they have no value. But their performance can be measured and evaluated prior to release of cryptocoins to the MainNet, where actual transactions take place in the distributed ledger and the cryptocurrency possesses real economic value.
Spera is a true stablecoin, which means that its market value is backed by an actual currency or commodity. In Spera’s case, its one-dollar value is backed by a combination of US dollars and gold. APT Systems is also developing a wallet to hold Spera that will work seamlessly with its Verifundr digital escrow application. Verifundr uses smart contracts in part, to serve as a neutral third-party to ensure funds are duly released upon both member parties fulfilling their contractual obligations. Blockchain-supported architecture of Verifundr makes it ideally suited for escrow transactions, while Spera provides users the protection from volatility through use of a stablecoin.
A recent article in Forbes underscores the powerful future of stablecoins, noting: “One could say that even as Bitcoin continues to make all-time highs, and organizations continue to add Bitcoin to corporate balance sheets, that the true driving force for crypto moving forward is going to be stablecoins.”
“All of us at APT Systems—including our development team—are thrilled to see Spera functioning on the Testnet,” Dowie says. “We are looking forward to completing our QA and validation work and then releasing Spera onto the MainNet.”
About APT Systems Inc - APTY
APTY is a software development and fintech company, focusing on our Verifundr escrow and payment services with a mainly fiat secured stablecoin named Spera and is partially backed with gold.
Visit www.connect.sperastablecoin.com to learn more about Spera, a true stablecoin.
Be sure to follow us on Twitter @APTYsys for timely updates.
Disclaimer of Forward-Looking Statements: This press release contains statements that constitute "forward-looking statements." "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks. APT Systems, Inc (APTY) may opt to also disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn, and Twitter.
Contact: Glenda Dowie, CEO at 415-200-1105
Email: info@aptsystemsinc.com
Investor Information:
http://www.APTsystemsinc.com/online-Investor-Kit-for-apt-systems-inc-APTY/
FAQ
What is the significance of APTY's Spera stablecoin Testnet deployment?
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