VAYK Announces LOI To Acquire Cryptocurrency Exchange Developed By Definancial Inc
January 27 2022 - 9:49AM
InvestorsHub NewsWire
Dallas, TX --
January 27, 2022 -- InvestorsHub NewsWire -- Vaycaychella, Inc.
(USOTC:
VAYK) today announced the company has entered into a letter of
intent (LOI) agreement to acquired Definancial, Inc., a technology
firm that has developed a proprietary cryptocurrency exchange
technology solution.
VAYK is an
early-stage business building a portfolio of technology solutions
to further democratize participation in the tourism market
extending more opportunity to individuals and small and medium
(SMB) business operators.
VAYK is
developing and scaling its portfolio of technology solutions to
further democratize participation in the tourism industry based on
its hands-on experience with an initial and ongoing pilot project
consisting of ten beach house properties and a small boutique hotel
where VAYK provided the financing for small businesses to acquire
and renovate the real
estate.
VAYK has already
launched an award
winning Peer-To-Peer (P2P) Alternative Finance
Application for individuals and SMB operators to source
purchase financing for short-term vacation rental
properties.
VAYK plans to
soon release a new version of the P2P Alternative Finance
Application and integrate the new version with the ability for
individuals and SMB operators to launch and list cryptocurrencies
where the proceeds from cryptocurrency sales are used to finance
the purchase of short-term vacation rental properties and fund
other short-term vacation rental business start-up expenses.
Cryptocurrency holders will have a redeemable economic interest in
the short-term vacation rental business. The LOI to acquire
Definancial, Inc. is specifically intended to support VAYK’s
cryptocurrency strategy with the addition of a cryptocurrency
exchange where short-term vacation rental business cryptocurrencies
can be listed.
The company
recently announced a team deploying to Cuba on a three-week trip
centered around securing the next ten beach properties it will
refurbish and launch as short-term vacation rental
properties. These next ten properties will be listed on
VAYK’s P2P Alternative Finance Application Version 2.0 and
participation in the short-term vacation rental business operating
the ten properties will be offered through the introduction of a
cryptocurrency.
The primary
objective of the ten-property expansion is to demonstrate VAYK’s
P2P Alt Finance APP V 2.0 and Cryptocurrency
technology.
VAYK has
recently published a comprehensive 2022
Strategic Overview Presentation with more details on how the
ten property expansion and LOI announced today fit into the
company’s overall
strategy.
To learn more and keep up with the latest
updates at Vaycaychella, and to access the Vaycaychella App,
visit https://www.vaycaychella.com/.
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
WSGF Contact:
William "Bill" Justice
bill@vaycaychella.com
(800)
871-0376
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