WSGF Introduces Cryptocurrency Backed Short-Term Vacation Rental Properties

Rhea-AI Summary

World Series of Golf (WSGF) has launched a Peer to Peer (P2P) Fintech application called Vaycaychella, focused on short-term rental property investments. The app lists 10 target properties in Cuba, aiming to finance their restoration through a new cryptocurrency, enabling profit sharing opportunities for holders. This new focus comes after WSGF acquired Vaycaychella last year. The pilot program, valued at $1.2 million, is set to expand into other locations like Mexico and Puerto Rico, showcasing WSGF's commitment to innovative property financing.

Positive

• Launch of Vaycaychella, a P2P Fintech app for short-term rental investments.
• Targeting 10 properties in Cuba with plans for profit-sharing through a new cryptocurrency.
• Expansion plans into other regions including Mexico, Puerto Rico, and Turks and Caicos.

Negative

• None.

Dallas, Texas, June 18, 2021 (GLOBE NEWSWIRE) -- World Series of Golf, Inc. (OTC Pink: WSGF) ("WSGF") has launched a Peer to Peer (P2P), Fintech, Alternative Short-Term Rental Purchase Finance Application (App), called Vaycaychella.

The Vaycaychella App currently includes the listing of 10 target new properties in Cuba to restore and make short-term vacation rental properties, expanding Vaycahychella's pilot program.  The plan to finance the restoration of the 10 target properties is to offer a new cryptocurrency where holders of the cryptocurrency will be able to participate in the overall business surrounding the 10 target properties operation to include potential profit sharing.

Vaycaychella allows anyone and everyone access to purchasing a short-term rental vacation property that can be listed on Airbnb, VRBO and Booking.com.

The Vaycaychella App lets buyers create a profile to present their own talent and experience, in addition to presenting the potential of the property to generate income.

Anyone can register as an investor – individuals or institutions.  Registered investors can view details on the prospective short-term vacation rental properties and the individuals behind the vacation rental businesses that will be running the property.

WSGF acquired Vaycaychella last year and made Vaycaychella its primary business focus.  WSGF is in the process of changing its name to reflect the new business focus.

Vaycaychella, prior to being acquired by WSGF, built a pilot alternative finance business for short-term rental vacation properties backing a portfolio of beach rentals in the Caribbean. The pilot Vaycaychella portfolio is valued at approximately $1.2 million.

WSGF’s pilot partner will now offer the 10 target properties in Cuba through the Vaycaychella App and introduce the cryptocurrency to back the development of an entire short-term vacation property rental business surrounding the 10 properties.

WSGF’s pilot partner plans for the 10 target properties to be just the first in a series of similar initiatives with new cryptocurrencies launching to back multiple portfolios of approximately 10 short-term vacation rental properties each.  In addition to Cuba, WSGF’s pilot partner is targeting properties in Mexico, Puerto Rico and Turks and Caicos.

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 the Vaycaychella App launched by WSGF?

The Vaycaychella App is a Peer to Peer (P2P) Fintech application for short-term rental purchase financing, allowing users to invest in vacation properties.

How many properties is WSGF targeting with the Vaycaychella App?

WSGF is targeting 10 properties in Cuba for restoration and short-term rental.

What is the financial backing strategy for the Vaycaychella App?

The financial strategy involves a new cryptocurrency that allows holders to participate in profit sharing from the properties.

What was the value of the Vaycaychella pilot portfolio?

The pilot Vaycaychella portfolio was valued at approximately $1.2 million.

What are the future expansion plans for WSGF's Vaycaychella?

Future plans include expanding into Mexico, Puerto Rico, and Turks and Caicos with similar rental property initiatives.