Tulsa, Oklahoma-based publicly traded mobile app development accelerator AppSwarm, Inc. announced in a press release CoinReport received the finalization of a joint venture agreement with Canadian-based, niche firms-acquiring public holding company USA Real Estate Holding Co. (USTC) to develop a worldwide P2P bitcoin mobile wallet.
According to the agreement, there will be a 50-50 profit share on the technology.
Some of the services and capabilities that AppSwarm will provide include:
- Forgot password
- Payment gateway credentials
- Fully integrated analytics
- KYC & AML protocols
- Peer-to-Peer (P2P) funds and bitcoin/cryptocurrency transfer
- Merchant payments
- QR code
- QR pay
AppSwarm CEO Ron Brewer said in the release we received, “This is an exciting partnership for both companies as bitcoin continues to rise to unprecedented value triggering increased interest from institutional investors. To take advantage of this favorable environment, our timely launch of the wallet is expected mid Q1 2018, as most of the technology we need is already in-house.”
USTC CEO Bilal Shafi commented, “We are excited to work with SWRM to launch our global P2P Bitcoin Mobile Wallet. SWRM has more than 30 years of experience in the technology and gaming industry. We believe this partnership will allow both Companies to aggressively pursue opportunities in the rapidly growing FinTech and Bitcoin sector.”