TULSA, Okla., Dec. 20, 2017 (GLOBE NEWSWIRE) -- AppSwarm, Inc. (OTC PINK:SWRM), a technology company specializing in the accelerated development and publishing of mobile apps, finalized a Joint Venture Agreement with USA Real Estate Holding Co (OTC PINK:USTC) to develop a Global P2P Bitcoin Mobile Wallet. The venture calls for a 50/50 revenue share on the technology to be deployed.
An overview of some of the services and capabilities provided by SWRM will include the following: Registration, login/logout, forgot password, receipts, Payment gateway credentials, Fully Integrated Analytics, KYC & AML protocols, Peer-to-Peer (P2P) Funds and Bitcoin/Cryptocurrency transfer, Merchant Payments, QR code and QR pay.
“This is an exciting partnership for both companies as bitcoin continues to rise to unprecedented value triggering increased interest from institutional investors. To take advantage of this favorable environment, our timely launch of the wallet is expected mid Q1 2018, as most of the technology we need is already in-house,” stated SWRM CEO Ron Brewer.
Bilal Shafi, CEO of USTC, stated, “We are excited to work with SWRM to launch our global P2P Bitcoin Mobile Wallet. SWRM has more than 30 years of experience in the technology and gaming industry. We believe this partnership will allow both Companies to aggressively pursue opportunities in the rapidly growing FinTech and Bitcoin sector.”
AppSwarm is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs.
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ABOUT USA REAL ESTATE HOLDING:
USA Real Estate Holding Company (OTC PINK:USTC) is a public holding company that targets acquisitions of undervalued, niche companies with high growth potential, including real estate properties, Fintech companies and other emerging digital technologies. For more details visit us at www.usarealestateholding.com
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
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