VAYK Executes LOI To Acquire Cryptocurrency Exchange Developed By Definancial Inc

Rhea-AI Summary

Vaycaychella, Inc. (USOTC: VAYK) has announced a letter of intent to acquire Definancial, Inc., aiming to enhance its cryptocurrency exchange capabilities. This acquisition supports VAYK's strategy to integrate cryptocurrency functionalities into its Peer-To-Peer (P2P) Alternative Finance Application. Additionally, VAYK is expanding its portfolio by refurbishing ten new beach properties in Cuba, which will be featured on its updated finance app. This strategic move intends to demonstrate the potential of VAYK's technology solutions in the tourism market.

Positive

• Acquisition of Definancial, Inc. enhances cryptocurrency exchange capabilities.
• Plans to integrate cryptocurrency features into P2P Alternative Finance Application.
• Expansion into Cuba with ten new beach properties supports business growth.
• Development of a new version of P2P financing application to attract SMB operators.

Negative

• None.

DALLAS, Jan. 27, 2022 /PRNewswire/ -- Vaycaychella, Inc. (USOTC: VAYK) today announced the company has entered into a letter of intent (LOI) agreement to acquired Definancial, Inc., a technology firm that has developed a proprietary cryptocurrency exchange technology solution.

VAYK is an early-stage business building a portfolio of technology solutions to further democratize participation in the tourism market extending more opportunity to individuals and small and medium (SMB) business operators.

VAYK is developing and scaling its portfolio of technology solutions to further democratize participation in the tourism industry based on its hands-on experience with an initial and ongoing pilot project consisting of ten beach house properties and a small boutique hotel where VAYK provided the financing for small businesses to acquire and renovate the real estate. 

VAYK has already launched an award winning  Peer-To-Peer (P2P) Alternative Finance Application for individuals and SMB operators to source purchase financing for short-term vacation rental properties.

VAYK plans to soon release a new version of the P2P Alternative Finance Application and integrate the new version with the ability for individuals and SMB operators to launch and list cryptocurrencies where the proceeds from cryptocurrency sales are used to finance the purchase of short-term vacation rental properties and fund other short-term vacation rental business start-up expenses. Cryptocurrency holders will have a redeemable economic interest in the short-term vacation rental business.  The LOI to acquire Definancial, Inc. is specifically intended to support VAYK's cryptocurrency strategy with the addition of a cryptocurrency exchange where short-term vacation rental business cryptocurrencies can be listed.

The company recently announced a team deploying to Cuba on a three-week trip centered around securing the next ten beach properties it will refurbish and launch as short-term vacation rental properties.  These next ten properties will be listed on VAYK's P2P Alternative Finance Application Version 2.0 and participation in the short-term vacation rental business operating the ten properties will be offered through the introduction of a cryptocurrency.

The primary objective of the ten-property expansion is to demonstrate VAYK's P2P Alt Finance APP V 2.0 and Cryptocurrency technology.

VAYK has recently published a comprehensive 2022 Strategic Overview Presentation with more details on how the ten property expansion and LOI announced today fit into the company's overall strategy. 

To learn more and keep up with the latest updates at Vaycaychella, and to access the Vaycaychella App, visit  https://www.vaycaychella.com/.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

WSGF Contact:
William "Bill" Justice
bill@vaycaychella.com
(800) 871-0376

View original content:https://www.prnewswire.com/news-releases/vayk-executes-loi-to-acquire-cryptocurrency-exchange-developed-by-definancial-inc-301469904.html

SOURCE Vaycaychella, Inc.

FAQ

What is Vaycaychella's recent acquisition announcement involving VAYK?

Vaycaychella announced a letter of intent to acquire Definancial, Inc., which has developed a proprietary cryptocurrency exchange technology.

How does the acquisition of Definancial, Inc. impact VAYK's strategy?

The acquisition supports VAYK's strategy to enhance its cryptocurrency capabilities within its finance app, enabling users to launch and list cryptocurrencies.

What are Vaycaychella's plans for the newly announced beach properties in Cuba?

Vaycaychella plans to refurbish ten beach properties in Cuba and list them on its updated P2P Alternative Finance Application.

When is Vaycaychella releasing its P2P Alternative Finance Application Version 2.0?

While the exact release date for Version 2.0 was not specified, it is planned to include new cryptocurrency functionalities.

What is the primary goal of Vaycaychella's expansion into the tourism market?

The primary goal is to demonstrate the effectiveness of its P2P Alternative Finance Application and cryptocurrency solutions in facilitating SMB participation in tourism.