Tuesday, 28 October 2014

Coinpayments Inc. Receives Financing from Newnote Financial

Crypto-currency payment processor Coinpayments Inc. is pleased to announce it has received financing from Newnote Financial Corp. (CSE: NEU; OTCQB: NWWTF; FSE: 1W4).

Newnote Financial Corp. is a pioneering crypto-currency and Bitcoin related software products and services company focussing on the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide.

Coinpayments Inc. is a privately held payment processor operating the Coinpayments website, a service similar to Coinbase and Bitpay. Coinpayments differs from its competitors in that it accepts over 50 different types of crypto-currency and has grown to become the third largest crypto-currency payment processor and the largest multi-currency payment processor, with over 7500 merchants in 120 different countries, processing nearly $1,000,000 per month worth of Bitcoin, Litecoin, Dogecoin, Peercoin, Omnicoin, Quark, Darkcoin, Maxcoin and dozens of others. In addition to payment processing, the company manages the largest Crypto store directory on the web where visitors can purchase thousands of products and services using any supported crypto-currencies.

Coinpayments offers its merchants Point-of-Sale checkout in 24 languages with support for 21 shopping cart plugins enabling merchants to easily integrate crypto payments within minutes. Popular supported shopping carts include OpenCart, osCommerce, Magneto, Zen Cart, Wordpress and WooCommerce among others. Coinpayments generates revenue from transaction fees, advertising, and other merchant services. Additionally, Coinpayments provides an innovative currency launch platform that gives new currency developers support in the form of merchant acceptance, blockchain explorer, free coin faucets, and listing in its store directory.

A competitive advantage of Coinpayments is that it offers the largest multi-crypto-currency wallet on the web supporting over 50 different crypto-currencies at no additional cost. Web wallets are convenient and can be accessed from any mobile device or desktop computer. Balances can be applied directly during checkout with any of their merchants.

Revenue, transaction volume and number of registered clients are all expected to more than triple by June of 2015 at the current rate of growth. Coinpayments Inc. has received from Newnote Financial Corp. CAD $100,000.00 plus 1.5 million NEU shares priced at $0.15 cents and 600,000 warrants priced up to $1.00. Newnote received 20% equity in Coinpayments Inc.

Coinpayments Inc. Chairman and CEO Alex Alexandrov says: "We are constantly looking for innovative ways to improve the services we offer our merchant customers. This deal with Newnote is in the best interests of our customers and the emerging peer-to-peer payment marketplace as a whole. Credit for this deal and our many advancements to date goes to a great Coinpayments team, which I am delighted to say, includes the original Coinpayments.net founders."

Paul Dickson, Newnote President and CEO states: "This is a strategic investment for us for a multitude of reasons. Payment processing is clearly the most lucrative area of crypto-currencies and our primary focus. Our proprietary crypto-currency exchange platform will enable merchants to liquidate crypto-currencies for cash and then wire to their accounts through our previously announced partner Net-Cents."