MOBILUM TECHNOLOGIES INC - MBLMF STOCK NEWS

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF) announced the closure of a non-brokered private placement, successfully raising $136,000 through unsecured convertible debentures. The company issued 136 debentures at a price of $1,000 each, set to mature in 36 months with a 10% annual interest rate. The debentures can be converted into common shares at $0.05 per share, with specific conditions allowing conversion at higher stock prices or upon a change of control. Proceeds from this placement will be used for general working capital purposes. The debentures are subject to a statutory hold period expiring on August 22, 2023.

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF)(FRA:C0B) has announced a non-brokered private placement, raising $136,000 through the issuance of 136 unsecured convertible debentures. Each debenture is priced at $1,000 and matures in 36 months, with an interest rate of 10% per annum. Debenture holders can convert their debentures into common shares at a conversion price of $0.05 per share under specified conditions. The funds raised will be used for general working capital. This initiative highlights Mobilum's commitment to enhancing its digital payment services, particularly in the growing field of cryptocurrencies and digital assets.

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF)(FRA:C0B) has announced a strategic restructuring involving its virtual asset service provider (VASP) licensing and operations in Europe. The company will transition its licensing from Estonia to Lithuania to adapt to regulatory changes. Mobilum plans to provide a €125,000 loan to TTP Limited, linked to its CEO, which will help capitalize UAB Mobilum Tech for VASP compliance. Furthermore, Mobilum's Polish subsidiary, Mobilum Pay, aims to obtain a national payment institution license to expand services across the EU. Financing efforts are also underway to support growth initiatives.

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF)(FRA:C0B) has announced its entry into the gaming sector, launching a payment processing solution for in-game transactions. This system simplifies payments for players with support for various payment methods including cards and digital assets, and enables them to receive payments for in-game assets or winnings. Mobilum's platform is compliant with regulations, providing security through advanced encryption. The solution's easy integration through a full API aims to enhance user experience for both players and game developers. Mobilum is poised for further expansion into esports and related industries.

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF) announced a second tranche of project funding from a major credit card network, totaling €35,000. This brings the total funding for the Mobilum Pay project to €75,000, aimed at enhancing credit card usage in Poland. The Mobilum Pay wallet will integrate a fiat-to-crypto onramp solution with a debit card offering, launching in Q4 2022. CEO Steven LaBella emphasized the need for innovative payment solutions in the current market.

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF)(FRA:C0B) has secured project funding of €40,000 from a major credit card network, aimed at boosting credit card usage in Poland. The total funding could reach €75,000 and is earmarked for the development of Mobilum Pay, a mobile wallet integrating fiat-to-crypto solutions and debit card capabilities. The initial launch of Mobilum Pay is projected for Q4 of this year. CEO Steven LaBella emphasizes this funding as an endorsement of Mobilum's collaborative strengths in the global payment industry.

Mobilum Technologies Inc. (CSE:MBLM)(OTCQB:MBLMF)(FRA:C0B) announces a product development update regarding its new offering, Mobilum Pay. This innovative wallet will combine fiat to crypto onramp solutions with a debit card from a major credit card network. Key features include multi-currency payment accounts, integration with Apple Pay and Google Pay, and various payment options. The initial launch is expected in Q4. The company aims to tap into the projected $2 trillion neo banking industry by 2030, reinforcing its commitment to enhancing crypto payment solutions.