June 21, 2018
GoverMedia Plus Canada Corp. announces integration of cryptocurrency payment processing technology
VANCOUVER--GoverMedia Plus Canada Corp.'s wholly owned subsidiary, GoverMedia Plus LLC has finalized the development and integration of a state of the art cryptocurrency payment processing technology within GoverMedia's ecosystem. The processing technology is expected to be ready to market within the next few weeks.
Through this software integration, GoverMedia will offer online merchants, i.e. its target enterprise customers, the possibility to accept and process transactions in cryptocurrencies (primarily BTC and ETH) and FIAT currencies. As a transaction is processed online, the processing technology will instantaneously convert the received cryptocurrency into FIAT, mitigating the volatility risk of cryptocurrencies.
Among other benefits, online merchants will receive post-transaction accounting and back office reporting statements for all cryptocurrency related payments. In terms of monetization, GoverMedia intends to offer this processing service as a Software-as-a-Service to online shops wishing to accept cryptocurrency payments on their respective website. The cryptocurrency payment technology is fully compatible with the Company's ecosystem and requires no additional development costs. The processing can be implemented within any payment system offered by commercial banks.
All activities for accepting and processing cryptocurrency payments within this offering will be in carried out in strict accordance with the existing anti-money laundering and know your client law in the Russian Federation.
In addition, in the future, GoverMedia plans to offer the cryptocurrency processing as a license to other internet companies. The pricing model for the licensing service as well as collaboration scheme are currently under strategic review and will be finalized shortly.
The CEO Roland J. Bopp commented “This integration is the result of our continuous efforts to incorporate cryptocurrency and blockchain related services into our ecosystem. As the rise of popularity and transaction volume in cryptocurrencies continues, crypto-traders are looking for solutions to convert their trading profits into purchasing power, and our new processing solution allows just that. Ultimately, we envision an internet ecosystem, where our users will never need to leave our platform to perform an online action.”
GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account.