VAYK To Present Cuba Vacation Rental Cryptocurrency Backed Expansion Plans Online
May 10 2022 - 1:15PM
InvestorsHub NewsWire
Dallas, Texas
-- May 10, 2022 -- InvestorsHub NewsWire -- Vaycaychella,
Inc. (USOTC:
VAYK) (“VAYK”) today announced the company plans to host a
live, interactive presentation to provide details on its previously
announced cryptocurrency backed expansion strategy to grow its
portfolio of short-term vacation rental properties in
Cuba.
The company
originally planned to host a small group of select investors on the
ground in Cuba. Unfortunately, last week Cuba suffered a
serious explosion of a historic hotel in Country’s Capitol.
The Hotel
Saratoga, in Havana exploded as a result of what appears to be a
gas leak.
“The loss of a
Cuban monument across the street from Cuba’s Capitol Building is
very sad and the resulting loss of life makes it tragic,” said Bill
Justice, CEO of Vaycaychella. “I have stayed in the Saratoga.
I remember wondering if I was in the room where Mick Jagger slept
when the Rolling Stones played in Havana. VAYK is a tourism
focused business, and the tourism industry of Cuba’s command
economy needs time to address the aftermath of the Saratoga.
This is not the month for VAYK to arrive with new proposals.
I expect Cuba will welcome our tourism expansion plans more than
ever, but two weeks after the Saratoga tragedy is too soon.
Alternatively, we will host our cryptocurrency backed expansion
plans to a wider audience in an effort to accelerate our expansion
plans. Look for details coming soon on our online cryptocurrency
backed expansion strategy to grow its portfolio of short-term
vacation rental properties in
Cuba.”
VAYK is a
technology company that last year introduced an award-winning
Peer-2-Peer Alternative Finance Application (APP) for sourcing
financing to purchase income producing vacation properties.
In the face of rising interest rates, VAYK management anticipates
userbase growth as conventional real estate finance gets more
expensive.
Adding to the
existing functionality democratizing access to financing for the
purchase of short-term rental vacation properties, the next version
of VAYK’s Peer-2-Peer Alternative Finance APP, launching soon, will
introduce fractionalized investment where multiple investors will
be able to back a single short-term vacation rental
project.
The next version
is a first step towards adding the ability to invest in short-term
vacation rental projects through the purchase of
cryptocurrency.
VAYK has
recently purchased a cryptocurrency exchange and work is underway
to promptly launch the
exchange.
VAYK originally
planned to host an event in Cuba later this month to baby step its
way through the first cryptocurrency offering. We thank
everybody that expressed interest and we will continue to follow up
with all of you to schedule a future
trip.
VAYK is
organizing an initiative to raise funds through the issuance of an
initial cryptocurrency to fund additional properties in the same
vicinity as the existing short-term vacation rental properties in
VAYK’s pilot project are
located.
VAYK launched a
pilot short-term vacation rental business in Cuba just outside of
Havana in 2018. VAYK backed the renovation of ten Art Deco
style beach properties originally built in the 1930s and 1940s now
operated as vacation destinations available through Airbnb and
VRBO. Since that time, the company has added a small boutique
hotel in Havana.
The Cuba pilot
served as a model for the company’s design and launch of its
award-winning Peer-2-Peer Alternative Finance Application (APP) for
sourcing financing to purchase income producing vacation
properties.
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.
VAYK Contact:
William "Bill" Justice
bill@vaycaychella.com
(800)
871-0376
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