New Crypto Software Company Licenses StrikeForce’s Mobile & Authentication Technologies to Protect Wallet Transactions

Rhea-AI Summary

StrikeForce Technologies, Inc. (OTCQB: SFOR) announced a new partnership with a cryptocurrency company, securing 50% of net proceeds from transaction fees. CEO Mark Kay emphasized the growing Decentralized Finance (DeFi) market as a significant opportunity for StrikeForce. The partnership is expected to generate about $700,000 in revenue for 2022, which was not previously projected and may grow in the future. StrikeForce will also provide cybersecurity solutions for the cryptocurrency project, including a secure wallet.

Positive

• Partnership with cryptocurrency company to secure 50% of transaction fee proceeds.
• Projected revenue of $700,000 for 2022 from the partnership, which was not included in prior forecasts.
• Strategic positioning in the growing Decentralized Finance (DeFi) market.

Negative

• None.

StrikeForce to Receive 50% of Net Proceeds on All Transaction Fees

EDISON, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) -- StrikeForce Technologies, Inc. (OTCQB: SFOR), a cyber security company that provides next-gen cyber, privacy & data protection solutions for consumers, corporations, & government agencies, announced today a new partnership with a Cryptocurrency company, whereby StrikeForce will provide its mobile & authentication technologies in-return for 50% of net proceeds on all payment transaction fees.

“I am really excited about this announcement,” says Mark L. Kay, CEO of StrikeForce, “the Decentralized Finance (DeFi) market is exploding and this literally positions StrikeForce front and center in the world of cryptocurrency transactions. StrikeForce’s partnership is the first step of many, capturing the demand and necessity, of cybersecurity in the crypto-sphere.”

“The backstory behind this new software company and their coin is incredible, I can’t wait until they launch in about a month,” says Kay. “What I can tell you is that their cryptocurrency is designed for investors that are searching for a safe financial instrument to enter the blockchain-driven world of Decentralized Finance (DeFi). Additionally, they have a charity component that helps organizations build sustainable homes and create jobs in unserved remote villages. They believe strongly in helping to close the gap in income inequality for disadvantaged youths and entrepreneurs across the globe.”

StrikeForce is providing its Panamanian partner the most secure wallet on the market, in addition to handling cybersecurity for the entire project, including its payment software. Per the executed Memorandum of Partnership, Strikeforce shall receive 50% of the net proceeds derived from all payment transaction fees, for which they project about $700,000 for this year. 2022. This revenue estimate is new and was not included in previous forecasts and should increase over the years.

We will be announcing further details in about a month when they launch.

About StrikeForce Technologies Inc.
StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions and secure video conferencing and collaboration. StrikeForce Technologies, Inc. (OTCQB: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.

Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the Company's pending patent applications, COVID-19, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company.

StrikeForce contact:
Mark Kay, CEO
Marklkay@strikeforcetech.com
(732) 661-9641

FAQ

What is StrikeForce Technologies' new partnership about?

StrikeForce has partnered with a cryptocurrency company to provide authentication technologies in exchange for 50% of net proceeds from transaction fees.

How much revenue is StrikeForce expected to generate from this partnership?

StrikeForce projects about $700,000 in revenue for 2022 from the partnership.

What percentage of transaction fees will StrikeForce receive?

StrikeForce will receive 50% of the net proceeds on all payment transaction fees.

How does this partnership affect StrikeForce's position in the DeFi market?

This partnership positions StrikeForce strategically in the rapidly growing Decentralized Finance (DeFi) market.