Peer-to-Peer Payments Technology for the Medical Marijuana Sector - Dutch Gold Adds to Portfolio of Alternative Merchant Serv...
March 28 2014 - 9:11AM
Access Wire
ATLANTA, GA / ACCESSWIRE / March 28, 2014 / Dutch Gold
Resources, Inc. (DGRI.OTC) (the "Company")
(http://dutchgoldinc.com) today announced that it has begun
development of a proprietary Peer to Peer (P2P) Payments technology
specifically for the MMJ sector.
Said Dan Hollis, CEO, "Our Point of Banking solution requires
customers to be onsite to initiate a PIN based transaction.
By developing our own P2P platform, we intend to give merchants and
consumers a more flexible payment system. This will be
especially important for delivery services, mitigating the risk of
drivers having to carry large amounts of cash. Further, this
development will support repeat transactions between merchants and
consumers in a regulatory compliant manner, whether in person,
online or mobile."
The Company expects to complete the development of this new
offering during the second quarter. Based on feedback from
existing dispensaries, the rollout of this product will commence
immediately thereafter.
Currently, some MMJ retailers are paying up to 9% for merchant
services. The Company believes that it can drive down costs
to the MMJ sector, while providing ample margins for its
shareholders. The development of this proprietary technology can
add shareholder value, and help solidly position the Company in the
P2P payments sector.
For a detailed explanation of P2P payments, interested investors
may use the following link:
http://www.investinganswers.com/financial-dictionary/personal-finance/person-person-payments-p2p-2584.
Forward-Looking Statements
This press release contains forward-looking statements that
reflect the Company's current expectation regarding future events.
Actual events could differ materially and substantially from those
projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements
made by Dutch Gold Resources, Inc. are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. You should not
place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors,
which are, in some cases, beyond the Company's control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
For further information, please see www.DutchGoldInc.com or
please contact Daniel Hollis, CEO of Dutch Gold Resources, Inc. at
404-981-7424.
SOURCE: Dutch Gold Resources, Inc.