WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Tuesday, October 17, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


ATMChain Foundation Invests EUR 15 MM in RFintech
Friday, August 11, 2017

LONDON, August 11, 2017 /PRNewswire/ --

ATMChain large meeting in Shenzhen Aug 6th, 2017

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million.

RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain's "blockchain+media" platform.

ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of "blockchain+media" to explore the economic value of people's attention in a profound manner and turn media assets into the digital form.

As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia.

RFintech boasts advanced technology and rich marketing experience in high-tech areas such as AI and blockchain. It is devoted to creating new value with new technologies. It has established blockchain-based asset business backed by physical crude oil and other energy assets. It offers this new product, bilur, as the first eCommodity. Bilur will be exchanged in the major foreign exchange markets over the world.

RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires).

In addition, RFintech's business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

SOURCE RFintech Plc



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Truphone Announces Cellnetrix Acquisition to Drive Aggressive Expansion into IoT and eSIM | Oct 17, 2017
Nav Epson Launches Nine New PowerLite Projectors for K-12 Classrooms | Oct 17, 2017
Nav Kogentix Announces Production and Cloudera Certification of Automated Machine Learning Platform (AMP) Version 1.3 | Oct 17, 2017
Nav Paytm Labs CEO to speak at the Canada-India Business Council Diwali Gala and Awards | Oct 17, 2017
Nav Autogravity Expands Dealer Development Team And Names Chuck Schofield As Vice President Of Dealer Sales | Oct 17, 2017
Nav Rightscorp Signs Agreement with China's CNLive to Monitor Chinese Content in the U.S. Against Copyright Infringement | Oct 17, 2017
Nav Raytheon Company to release third quarter 2017 results on October 26, 2017 | Oct 17, 2017
Nav Hyperledger Welcomes Baidu as Premier Member | Oct 17, 2017
Nav The KIND Foundation will connect one million students through a new technology platform called "Empatico" | Oct 17, 2017
Nav Pluralsight Named One of 2017's Best Workplaces by Great Place to Work® and Fortune | Oct 17, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News