Mobilum Technologies Announces Second Tranche of Project Funding
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.
- Total funding for Mobilum Pay reaches €75,000.
- Second tranche funding of €35,000 received, supporting project development.
- Mobilum Pay wallet integrates fiat-to-crypto onramp and debit card services.
- None.
VANCOUVER, BC / ACCESSWIRE / December 23, 2022 / Mobilum Technologies Inc. ("Mobilum") (CSE:MBLM)(OTCQB:MBLMF)(FRA:C0B), a technology-driven company making digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure, and the first solution provider of Fiat-to-Dex Tokens rails, is pleased to announce it was granted a second tranche of project funding from one of the major credit card networks in the amount of €35,000.
The Mobilum Pay project funding has reached a total amount of €75,000. These funds support the development of Mobilum's branded wallet, Mobilum Pay. Under the terms of the project funding agreement, the Mobilum Pay wallet will serve to increase credit card usage in Poland.
The current version of the Mobilum Pay wallet is being designed to combine Mobilum's fiat to crypto onramp solution along with a debit card offering from one of the globe's largest credit card networks. Future versions of Mobilum Pay will provide payment accounts in multiple currencies, debit card issuing capabilities as well as money transferring via the network's money sending channel and more. Development of Mobilum Pay mobile wallet continues to progress. Official launch of the Mobilum Pay wallet remains on track for Q4 of this year.
"The need for better payment solutions has never been greater. Serving companies in crypto to neo banking, Mobilum Technologies continues to work with industry leaders to invest in and develop innovative global payment solutions." explains Mobilum Technologies CEO, Steven LaBella.
About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM)(OTC:MBLMF)(FRA:C0B) is a technology-driven Digital Service Provider (DSP) with a mission to make digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure and digital asset management technologies, providing solutions for Exchanges, Wallets and Cryptocurrency Businesses, NFTs marketplaces, Protocols, Decentralized Applications and Decentralized Autonomous Organizations, Metaverse and Play-to-Earn games, and Traditional Finance Institutions (Banks, Hedge Funds, Insurance and Fintech companies) opening its doors to digital assets space. Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States. For further information go to www.mobilum.com.
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For further information: please contact Mobilum Investor Relations via email at ir@mobilum.com
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Contact Information:
Investor Relations
John Henderson, COO & Interim CFO
Phone: +1 (250) 809-5909
Email: IR@mobilum.com
SOURCE: Mobilum Technologies Inc.
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FAQ
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