Verify Smart Corporation, Legacy Financial Systems Inc. and USBIGCOIN LLC. are Partnering to Develop a Comprehensive Secure Financial Platform
News Media Wire Press Release
Fernley, NV – (NewMediaWire) – April 12, 2018 – Verify Smart Corporation (VSMR), a Global innovator in financial fraud prevention and digital and mobile solutions, announced today that it has signed licensing agreements with Legacy Financial Systems Inc. and USBIGCOIN, LLC. The companies are also in discussions to form a joint venture to create a totally secure financial transaction platform that other cryptocurrency organizations and financial institutions can leverage which could standardize and secure the crypto-currency and financial marketplace.
Legacy Financial Systems has developed a crypto-currency (called Legacy) that is a digital token backed by the Swiss Franc (CHF) for global, ubiquitous transactions (supported by Verify Smart’s secure authentication IP). Each Legacy token represents one Swiss Franc which is held in reserve.
USBIGCOIN is a cryptocurrency that will be backed by a monetary instrument yet to be determined. USBIGCOIN is the owner of a US Patent that provides a time-stamping “method and system for currency exchange” which will greatly enhance the transparency of the cash conversion process at the ACTUAL POINT OF CONVERSION.
The Joint venture will be headed up by executives from the three companies and will provide a totally secure digital solution for not only the volatile crypto-currency marketplace but financial SWIFT transactions as well. The Senate and SEC are investigating cryptocurrencies and may issue guidelines and regulations to control the market by treating a crypto-currency as a security.
Legacy Financial Systems’ payment and settlement platform provides safe, secure transactions for individuals, via digital wallets, and with almost no fees and commissions. Also, for merchants, fraud and chargebacks will be greatly reduced by utilizing the proven and patented Verify Smart two-factor authentication technology as well as facial, retina and fingerprint recognition. Lou Pingitore, CEO of Verify Smart, said, “The combined IP will position the company to be the standard for all financial transactions and the first to conform to the future anticipated SEC regulations and guidelines. We are pleased to be working with Legacy Financial Systems and USBIGCOIN to lead the industry into a more stable and less volatile environment for customers, merchants and regulating bodies.”
Vladyslav Fadyeyev, Managing Member of Legacy Financial Systems, said, “Our mission is to evolve the financial world into a state of seamless and secure transactions globally.”
John Nehmatalla, Managing Member of USBIGCOIN, LLC. said, “As we stand on the precipice of the digital currency age, we as a collective group have insured through our efforts that web based transaction security, accountability and transparency must be a priority. With a state of the art platform combining two factor authentication along with Time / Date Stamping, following a Detailed Report, (Bullet Proof Transactions) is finally within our grasp.”
ABOUT VERIFY SMART CORPORATION
Verify Smart Corp is an international technology company that develops and markets innovative solutions for the global digital market. The company also licenses patented technology for the prevention of debit/credit card and electronic transaction fraud. The company is expanding into the growing digital and mobile sector and will market innovative solutions for Healthcare, Consumer Brands, Educational Institutions and the Sports and Entertainment industries.
Verify Smart Corporation
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Source: Verify Smart Corp.
Industries: Tech, Financial, Public Policy, Government