Integrated Ventures Signs Software Development Agreement With the Team Behind MoneyToken to Create Blockchain Based LoanFunder
January 18 2018 - 9:30AM
InvestorsHub NewsWire
Philadelphia, PA -- January 18, 2018 -- InvestorsHub
NewsWire -- Integrated Ventures Inc. (OTCQB:
INTV) announced today that it has signed a software development
agreement with ITBS LLC, a New York-based IT group, to create a new
lending platform, LoanFunder, designed to connect private
businesses and publicly traded companies with pre-qualified
institutional lenders to originate loans, issue convertible debt
note and to manage the entire lifecycle of a lending contract,
consisting of initiating, qualifying, underwriting, funding,
tracking and retiring the financial instrument.
Integrated Ventures intends to build on its current stronghold
in crypto mining to help introduce digitally mined assets to the
lending community and simplify their use as payment for loans,
lending contracts and convertible notes.
LoanFunder is the world's first financial platform designed to
integrate with decentralized and encrypted lending ledger, which
offers a secure, efficient, verifiable and permanent way of storing
lending information. Such protocols are the backbone of numerous
digital currencies that are being mined by Integrated Ventures,
including Bitcoin, Ethereum and Litecoin.
“We are very excited to collaborate with ITBS LLC on this
project,” said Steve Rubakh, CEO of Integrated Ventures. “We
envision expanding this relationship further, which includes
marketing LoanFunder worldwide. We are confident that ITBS's
expertise will significantly accelerate our software and website
development and assist with the commercial rollout of LoanFunder.”
ITBS has deep experience in developing high-level API solutions
for connecting to the Ethereum blockchain. The group is also
developing MoneyToken, a blockchain-based lending platform for
individuals.
About Integrated Ventures Inc: Integrated
Ventures is focused on acquiring, launching and operating companies
in the cryptocurrency sector (“BitcoLab”), mainly in digital
currency mining, equipment manufacturing, sales of branded mining
rigs (“Nemesis”) and blockchain software development
(“LoanFunder”). For more details, please visit www.integratedventuresinc.com.
About ITBS LLC: ITBS is a New York-based IT
group operating worldwide, an industry leader focused on cloud
development, blockchain, cybersecurity, systems integration and
automation. Its client list includes MoneyToken.Com, Bloomberg,
Goldman Sachs, Prudential and ETS. For more details, please visit
www.itbsllc.com.
About MoneyToken: MoneyToken is a
blockchain-based lending platform aimed at cryptocurrency investors
and miners. Using crypto assets as collateral, borrowers will be
able to maintain their asset positions while receiving stable,
spendable funding in return. For more details, please visit
www.moneytoken.com.
***About Cryptocurrency Investments &
Risks***
Integrated Ventures urges all current and potential investors to
visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11,
(2) NASAA website: http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/
and (3) FINRA website: https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scams
to understand the risks
involved in cryptocurrency investing.
Safe Harbor Statement: The information posted
in this release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
You can identify these statements by use of the words "may,"
"will," "should," "plans," "explores," "expects," "anticipates,"
"continue," "estimate," "project," "intend," and similar
expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, general economic and business
conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in technology and methods of
marketing, and various other factors beyond the company's
control.
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