APT Systems Announces Verifundr Platform Has Completed Important Phase

Rhea-AI Summary

APT Systems, Inc. (APTY) announced the completion of the User Interface/User Experience design for its escrow application, Verifundr. This process is vital for facilitating global market transactions and is done concurrently with the Spera stablecoin release. The Spera stablecoin aims to eliminate market volatility by being convertible to $1 based on the company's cash and gold reserves. The development of Spera is in its final stages, with a third-party security audit nearing completion. The timing aligns with increasing recognition of stablecoins in transactions.

Positive

• Completion of Verifundr's User Interface/User Experience design enhances usability for global markets.
• Spera stablecoin development is finalized, offering stability through cash and gold reserves.
• Increased market recognition of stablecoins may enhance adoption and demand for Spera.

Negative

• None.

SAN FRANCISCO, CA, Feb. 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- APT Systems, Inc. (OTC Pink: APTY), a software development and fintech company, announced it has completed designs and the implementation process of its User Interface/User Experience for Verifundr, the Company’s escrow application. The interface and graphics were developed specifically to support Verifundr use across global markets. These milestones are completed in preparation for the upcoming release of its Spera stablecoin.

“Developing a concise, clean, and easy to use interface is mission critical for any application, and more so when developing for global markets as we are doing for the Verifundr escrow platform,” says Glenda Dowie, Founder and CEO of APT Systems, Inc. “We are building Verifundr in parallel with Spera, because our escrow wallet must function in both crypto and traditional financial worlds.”

Dowie notes that Spera stablecoin removes market volatility for users as the company guarantees that one Spera can always be converted to $1 based on cash and gold reserves held by the company. APT Systems notes development of the Spera stablecoin has already been completed. The Company has successfully created a Spera pre-sale whitelist while awaiting completion of its intensive third-party security audit.

“As we enter finals stages for the release of Spera, we are devoting additional development time towards Verifundr, as the two products are designed to work seamlessly together,” Dowie says. “We view our work as preparing for a moon launch, meaning you want all of the pieces in place before the ignition button is pushed.”

Dowie notes that the timing of the Spera release comes at a pivotal point when governments and major market players are recognizing the value of stablecoins in transactions as well as in the world of Decentralized Finance. The increasing momentum of the stablecoin movement is underscored by growing coverage of stablecoins by national media, including an article published recently in Forbes magazine, headlined “Stablecoin Friendly Policies Can Help Make 2022 A Breakout Year for The Sector.”

About APTY - APT Systems Inc:

APTY is a software development and fintech company, focusing on our Verifundr escrow and payment services supported with a stablecoin named Spera.

Visit www.connect.sperastablecoin.com to read our white paper and learn more about our stablecoin backed by U.S. currency and gold.

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 latest news regarding APT Systems, Inc. (APTY)?

APT Systems announced the completion of the User Interface/User Experience for its Verifundr escrow application, in preparation for the Spera stablecoin launch.

When will Spera stablecoin be released by APT Systems?

The Spera stablecoin release is in its final stages, pending a third-party security audit.

How does Spera stablecoin ensure stability?

Spera stablecoin maintains stability by guaranteeing a conversion rate of $1 based on the company's cash and gold reserves.

What is the significance of Verifundr for APT Systems?

Verifundr is crucial for APT Systems as it supports transactions in both crypto and traditional financial markets.