VAYK Set To Close Cryptocurrency Exchange Acquisition Next Week

Rhea-AI Summary

Vaycaychella (OTC Pink: VAYK) announced the upcoming acquisition of Definancial, Inc., a tech firm with proprietary cryptocurrency exchange technology, set to close on March 11, 2022. This strategic acquisition aims to bolster VAYK's cryptocurrency strategy, enabling individuals and small businesses to list cryptocurrencies for financing short-term vacation rentals. VAYK is expanding its tech solutions to democratize tourism opportunities, with plans for a new P2P Alternative Finance Application version that integrates cryptocurrency sales. A pilot project in Cuba demonstrates their approach by refurbishing vacation properties.

Positive

• Acquisition of Definancial, Inc. enhances VAYK's cryptocurrency strategy.
• Expansion into the cryptocurrency market could attract new business opportunities.
• The planned launch of a new version of the P2P Alternative Finance Application may improve user engagement and revenue streams.
• Pilot project in Cuba provides a practical demonstration of VAYK's business model.

Negative

• Integration challenges may arise from the acquisition of Definancial, Inc.
• The company faces risks associated with the emerging cryptocurrency market.
• Dependence on successful deployment of new technology solutions could strain resources.

Dallas, Texas, March 04, 2022 (GLOBE NEWSWIRE) -- Vaycaychella, Inc. (OTC Pink: VAYK) today announced the company has scheduled to close the acquisition of Definancial, Inc., a technology firm that has developed a proprietary cryptocurrency exchange technology solution, next Friday, March 11, 2022. 

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 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 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 acquisition of 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. 

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 in Cuba where VAYK provided the financing for small businesses to acquire and renovate the real estate.  

The company recently deployed a team 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 the cryptocurrency acquisition 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

FAQ

What is Vaycaychella's acquisition of Definancial, Inc. about?

Vaycaychella is acquiring Definancial, Inc. to enhance its cryptocurrency exchange capabilities, aiming to support its financing solutions for vacation rental properties.

When will Vaycaychella finalize the acquisition of Definancial, Inc.?

The acquisition is scheduled to close on March 11, 2022.

How will the acquisition impact Vaycaychella's business strategy?

The acquisition is expected to strengthen Vaycaychella's position in the cryptocurrency market, allowing for new financing options in the short-term vacation rental sector.

What is the purpose of Vaycaychella's new P2P Alternative Finance Application version?

The new version will integrate cryptocurrency capabilities, allowing users to finance vacation rental purchases through cryptocurrency sales.

What are Vaycaychella's future plans with the acquisition?

Vaycaychella plans to leverage the acquisition to scale its technology solutions and enhance user participation in the tourism market.