Alternet Systems, Inc. (OTCQB: ALYI) is an enterprise
accelerator company focused on the high growth, emerging technology fields of
mobile payments and digital currency. Through its subsidiaries, the company is
leveraging the extraordinary growth opportunities surrounding the explosion of
newly adapted internet technologies and platforms to promote maximized returns
for its shareholders.
In recent months, Alternet has placed much of its attention
on the burgeoning digital currency market. In October, the company partnered
with Wildcard Consulting, Inc. to launch the first U.S.-based bitcoin debit
card. Designed to operate in full compliance with federal banking guidelines,
this new product allows vendors to do business with consumers spending digital
currencies while being paid accurately and securely in U.S. dollars or any
other currency.
“Access to digital currency via a debit or credit card is a
key step in the evolution of bitcoin and its integration with fiat currencies
such as the U.S. dollar,” Henryk Dabrowski, chief executive officer of
Alternet, stated in a news release. “We believe the time has come for holders
of bitcoin to be able to exchange their digital currency for other assets
seamlessly.”
In an effort to expand upon the seamlessness of digital
currency payments, Alternet, through its Alternet Payment Solutions (APS)
subsidiary, secured a strategic agreement with BitPay, the world leader in
business solutions for the bitcoin digital currency industry. Through this
agreement, the company is able to provide business to business payment methods
through the conversion of fiat currency to digital currency in North America,
South America and Asia. This partnership should continue to provide Alternet
with a strong platform to build upon its recent growth moving forward.
The company is making additional progress on the digital
currency front through the continued development of wholly-owned subsidiary
OneMarket. When complete, OneMarket will become a fully-functioning digital
currency exchange, offering an entire suite of financial and payment products
targeting the growing digital currency market. In the coming months, Alternet
will continue to aggressively pursue the highly anticipated New York State
BitLicense, which will be necessary to facilitate the company’s global exchange
strategy.
“It is our intent to continue pursuing a strategy of
cooperation with regulators so that when we are granted permission we have put
all the necessary building blocks in place to take the maximum advantage of our
ability to monetize,” continued Dabrowski.
For more information, visit www.alternetsystems.com
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