Mobilum Technologies and Binance, the world’s leading cryptocurrency infrastructure provider, sign a services agreement to leverage Mobilum’s payment infrastructure
VANCOUVER, BC, May 11, 2022 /CNW/ – Mobilum Technologies Inc. (“Mobilum” or the “Company”) (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company that makes digital assets and cryptocurrencies accessible through through traditional finance and payments infrastructure, and the leading provider of Fiat-to-Dex Tokens rail solutions, is pleased to announce that it has signed a Strategic Services Agreement with Binance, the world’s leading provider blockchain ecosystem and cryptocurrency infrastructure with a suite of financial products that includes the largest digital asset exchange.
Trusted by millions around the world, the Binance platform is dedicated to increasing money freedom for its users and offers an unparalleled portfolio of crypto products and offerings. This includes trade and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions.
Under the terms of the agreement, Binance will engage Mobilum’s fully compliant payment institution infrastructure and payment rails providing the acquisition of payment transactions and money transfer services for Binance, specifically:
Acquire payment transaction services provided by Mobilum Pay to Binance related to the processing of payments through the Service within the Binance Platform
Money transfer services provided by Mobilum Pay to Binance related to trade execution
Steven LaBellacommented the CEO of Mobilum, “The Mobilum team takes great pride in providing a suite of quality services to connect the traditional world of finance with the digital world of finance. We are delighted to be working with Binance, the world’s leading cryptocurrency exchange. they have entrusted the Mobilum team to help deliver highly efficient, secure, scalable and fully compliant payment infrastructure/rails to facilitate payment transactions and money transfer services, is a great achievement for our business and our shareholders. We look forward to supporting the Binance team and a long-term bilateral partnership.”
For more information: please contact Mobilum Investor Relations by email at [email protected]
About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) is a technology-driven digital service provider (DSP) whose mission is to make digital assets and cryptocurrencies accessible through an infrastructure financing and payment solutions and digital asset management. technologies, providing solutions for cryptocurrency exchanges, wallets and businesses, NFT marketplaces, protocols, decentralized applications and decentralized autonomous organizations, Metaverse and Play-to-Earn games, and traditional financial institutions (banks, hedge funds, insurance and fintech companies) opening its doors to the digital asset space. Our goal is to enable consumers around the world to convert fiat to crypto and crypto to fiat with Mobilum’s access and exit solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States. For more information, visit www.mobilum.com.
Binance is the world’s leading provider of blockchain and cryptocurrency infrastructure with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions around the world, the Binance platform is dedicated to increasing freedom of money for users and offers an unparalleled portfolio of crypto products and offerings, including: trading and finance, l education, data and research, social good, investment and incubation, decentralization. and infrastructure solutions, and more. For more information visit: https://www.binance.com
For more information: please contact Meredith or Julie, Investor Relations, +1 (604) 609 6169 or email [email protected]
This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , “expects”, “believes”, or “continues”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause that future results, performance or achievements will be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements, and the forward-looking statements are not guarantees of future performance.
The statements of Mobilum expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond Mobilum’s control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the risks and uncertainties inherent in the Company’s business, including: Mobilum’s assumptions in making the forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and the risks that future results may differ from historical results.
Except as required by securities law, Mobilum undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Purple Crown Communications
Phone: +1 (604) 609-6169
Email: [email protected]
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SOURCE Mobilum Technologies Inc.
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