By Dipo Olowookere
In a bid to make the use of bitcoin seamless for its customers, the USA Real Estate Holding Company (USTC) has announced entering into a Letter of Intent (LoI) with AppSwarm, for the development of a smartphone based cash and Bitcoin mobile wallet.
AppSwarm is a technology company specializing in the accelerated development and publishing of mobile apps.
Pursuant to the terms of the Agreement, USTC and SWRM will execute a definitive agreement within 45 days from this letter of Intent.
Commenting on the development, CEO of USTC, Mr Bilal Shafi, stated that, “The FinTech space is growing and has the power to disrupt the way finances are conducted globally.
“According to Tech Crunch, in 2017 $60 billion worth of payments will be made on mobile platforms. By 2019, eMarketer estimates that the total value of transactions made by tapping a phone on an in-store terminal will reach $210 billion, up from $8.7 Billion in 2015. By 2020, 90 percent of smartphone users will have made a mobile payment.”
He further added that, “We are excited to partner with AppSwarm as they have more than 30 years of experience of publishing mobile apps. We believe the company is now in a position to aggressively pursue opportunities in FinTech and Cryptocurrencies.”
“We are very excited to be working within this ever growing and evolving space. The industry knowledge USA Real Estate Holding brings to the table is very attractive to us. We look forward to a long-term relationship with USTC. This is a great opportunity for both companies, as it allows us to leverage one another’s strengths and grow together,” stated AppSwarm CEO, Mr Ron Brewer.
Adedapo Adesanya