BARTLETT, Tenn., Dec. 21, 2021 (GLOBE NEWSWIRE) — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Firm”), has accomplished the preliminary improvement on the most recent model of its software program platform which allows a retailer proprietor to promote sure cryptocurrencies to prospects – with or with out a checking account or bank card – at native comfort and neighborhood shops that are a part of the Firm’s 8,000-plus retail retailer community.
SurgePays is a extremely revolutionary fintech firm offering an entire suite of economic companies and pay as you go merchandise to its quickly rising base of retail c-stores. The Firm plans to launch the replace in January 2022 and allow shops on its community to supply money gross sales of Bitcoin, Ethereum and Dogecoin with out utilizing an ATM or different expensive and area consuming tools. Clients will obtain receipts with easy directions the way to load bought cash into their very own digital pockets of selection.
The SurgePays blockchain platform already performs greater than 20,000 safe each day transactions of underbanked monetary companies. SurgePays new function will permit the shop clerk to facilitate the acquisition of between $50 to $1,499 of cryptocurrency.
“After I took over as CEO in 2017, I said that we had been constructing an up to date model of our software program platform to include blockchain with my mission to be the primary firm to virtually improve the lives of the underbanked, on the grass roots degree within the shops the place they store,” mentioned Brian Cox, chairman and CEO, SurgePays. “We’re using the identical trusted cultural framework of the neighborhood retailer to be the tech-hub for underbanked neighborhoods.”
This cryptocurrency service represents a strong growth of the SurgePays fintech suite of merchandise, offering a aggressive benefit catalyst to its just lately introduced growth plan using a nationwide gross sales crew.
“Enabling the underbanked inhabitants to buy digital forex is step one. We count on to launch a model replace in Q2 of 2022, that will allow shoppers to make use of cryptocurrency to make purchases at any retailer on the SurgePays community. This use case shall be an especially thrilling differentiator and place SurgePays as a market chief within the underbanked area,” added Mr. Cox.
About SurgePays, Inc.
SurgePays, Inc. is a B2B fintech with different verticals within the underbanked and software program improvement area. SurgePays makes use of its blockchain software program platform to supply a complete suite of important monetary companies and pay as you go merchandise for the underbanked, together with high promoting consumable merchandise to comfort shops, neighborhood shops, mini-marts, tiendas, and bodegas. Please go to www.SurgePays.com for extra data.
SurgePays, Inc.
Firm Contact:
Tony Evers CPA, CIA
Chief Monetary Officer
847-648-7541
tevers@surgepays.com
Investor Relations Contact:
CORE IR
516-222-2560
invest@surgepays.com
Media Relations:
Henry Feintuch / Doug Wright
Feintuch Communications
646-753-5710 / 646-753-5711
surgepays@feintuchpr.com
Cautionary Word Relating to Ahead-Trying Assertion
This press launch contains categorical or implied statements that aren’t historic info and are thought-about forward-looking inside the which means of Part 27A of the Securities Act and Part 21E of the Securities Alternate Act. Ahead-looking statements contain substantial dangers and uncertainties. Ahead-looking statements typically relate to future occasions or our future monetary or working efficiency and should include projections of our future outcomes of operations or of our monetary data or state different forward-looking data. In some circumstances, you possibly can determine forward-looking statements by the next phrases: “could,” “will,” “might,” “would,” “ought to,” “count on,” “intend,” “plan,” “anticipate,” “consider,” “estimate,” “predict,” “venture,” “potential,” “proceed,” “ongoing,” or the unfavorable of those phrases or different comparable terminology, though not all forward-looking statements include these phrases. Though we consider that the expectations mirrored in these forward-looking statements are cheap, these statements relate to future occasions or our future operational or monetary efficiency and contain recognized and unknown dangers, uncertainties and different elements that will trigger our precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by these forward-looking statements. Moreover, precise outcomes could differ materially from these described within the forward-looking statements and shall be affected by quite a lot of dangers and elements which can be past our management, together with, with out limitation, statements about our future monetary efficiency, together with our income, money flows, prices of income and working bills; our anticipated development; our predictions about our trade; the affect of the COVID-19 pandemic on our enterprise and our skill to draw, retain and cross-sell to shoppers. The forward-looking statements contained on this launch are additionally topic to different dangers and uncertainties, together with these extra totally described in our filings with the Securities and Alternate Fee (“SEC”), together with in our Annual Report on Kind 10-Ok for the fiscal 12 months ended December 31, 2020. The forward-looking statements on this press launch converse solely as of the date on which the statements are made. We undertake no obligation to replace, and expressly disclaim the duty to replace, any forward-looking statements made on this press launch to mirror occasions or circumstances after the date of this press launch or to mirror new data or the prevalence of unanticipated occasions, besides as required by regulation.
SURGEPAYS, INC.
