CLIC Technology Submits Application for Treasury Department FinCEN Registration For Its Cryptocurrency Processing Platform
March 28 2019 - 9:30AM
InvestorsHub NewsWire
CLIC
Technology Submits Application for Treasury Department FinCEN
Registration For Its Cryptocurrency Processing
Platform
South
Florida fintech company also seeks federal and state licensures to
offer money transmission services and begins process of applying
for NY BIT License
Aventura,
Fl -- March 28, 2019 -- InvestorsHub NewsWire --
As federal
and
state regulators begin to embrace the over $100
billion cryptocurrency market, CLIC Technology, Inc. (OTC
Pink:
CLCI) ("the Company")
continues to
solidify its position as the cryptocurrency processing platform of
choice among retailers and merchants across the country through
various federal and state licensing efforts. The South Florida
fintech company is currently registered as a "Money Services
Business" with the U.S. Department of Treasury's Financial Crimes
Enforcement Network (FinCEN) and in several additional
jurisdictions in the United States, and has begun the process of
applying for licenses to offer money transmission services as
well.
Additionally, CLIC Technology is also being considered for a NY BIT
License, a business license issued by the New York State Department
of Financial Services (NYDFS) to virtual currency firms. Introduced
in August 2015, BIT Licenses are considered one of the most
difficult virtual currency licenses to obtain at the state
level.
"At CLIC Technology, we take our responsibility seriously to
provide secure financial transactions," said CLIC Technology CEO
Roman Bond. "It's not just currency changing hands, but people's
investments and dreams. More importantly, we believe that
cryptocurrency can be processed quickly without sacrificing
security and are fully dedicated to working with regulators to
continuously assure merchants, consumers, and governments around
the world that our software and services go above and beyond
current protocols and standards."
Experts
forecast the
web wallet market to grow from
over $100 billion in 2017 to $250 billion by 2024.
According to Pew Trusts, more than
46 percent of U.S. consumers,
or
114 million adults, report having made a mobile payment within the
last year. CLIC Technology's cutting-edge
cryptocurrency platform provides a bridge to another form of
digital payment, looking to make accepting blockchain currency like
Bitcoin easier for local merchants and entrepreneurs across the
globe without the cost of chargebacks and high fees. When
completed, the Company's CLIC Pay and CLIC Wallet software
platforms promise to provide merchants a hassle-free way to
securely process blockchain payments within 24 hours in local
currency, while allowing consumers to replenish
their cryptocurrency as quickly and efficiently as swiping a debit
or credit card.
About CLIC Technology, Inc.:
The
Company, a "Financial Technology" company, is the developer and
marketer of new, cutting-edge blockchain products and services. It
has created a revolutionary "crypto-payment gateway system" that
allows consumers to use cryptocurrency to make routine purchases
online and that enables merchants to accept crypto payments and
receive immediate settlements in traditional fiat currencies.
Market introduction of the new crypto-payment gateway system and
related services is planned to occur in a phased rollout in the
United States and other major markets in the coming
months.
Safe Harbor Act: Forward-Looking
Statements are included within the meaning of Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements regarding our expected
future financial position, results of operations, cash flows,
financing plans, business strategy, products and services,
competitive positions, growth opportunities, plans and objectives
of management for future operations, including words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and similar expressions
are forward-looking statements and involve risks, uncertainties,
and contingencies, many of which are beyond our control, which may
cause actual results, performance, or achievements to differ
materially from anticipated results, performance, or achievements.
We are under no obligation to (and expressly disclaim any such
obligation to) update or alter forward-looking statements, whether
as a result of new information, future events, or
otherwise.
CONTACT:
CLIC
TECHNOLOGY, INC.
305-918-1202
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