VANCOUVER, March 31, 2020 /CNW/ - Interlapse Technologies
Corp. (TSXV: INLA / OTCQB: INLAF), the owner and operator of
coincurve.com, announces the acquisition
of BuyBitcoinCanada.com, a virtual currency brokerage platform
from Canadian blockchain company, Bitaccess Inc., in exchange for
233,333 shares of the Company.
Simultaneously with the closing of the acquisition,
BuyBitcoinCanada's customers will be immediately incorporated into
the Coincurve platform, creating Canada's leading, non-custodial, virtual
currency platform.
This highly complementary acquisition, which integrates
seamlessly with Coincurve, broadens the Company's growth profile
and digital asset footprint. Furthermore, this acquisition places
Interlapse into a stronger position to capture market share at a
time when virtual currency adoption is accelerating globally.
"This is the first step in our non-organic growth strategy to
become the preeminent virtual currency platform in Canada and eventually, globally." commented
Wayne Chen, CEO of Interlapse
Technologies Corp. "Today's announcement advances our consolidation
efforts, which benefits Interlapse and supports virtual currency
adoption."
Founded in 2016 by Bitaccess Inc., BuyBitcoinCanada.com was the
first merchant to integrate Flexepin into their brokerage platform
and additional services such as EFT (Electronic Funds Transfer),
making it easier for Canadians to buy and sell virtual
currency.
"We are very pleased to complete this agreement with
Interlapse." Remarked Phillip
McKenna, Head of Growth for Bitaccess. "This acquisition
represents an opportunity for Canada's virtual currency market to move
towards greater market sophistication, and as a listed Canadian
company, we're confident Interlapse is well-positioned to serve our
users whilst continuing their growth of BuyBitcoinCanada's existing
customer base."
About Interlapse Technologies Corp.
Interlapse
Technologies Corp. is a FinTech applications company accelerating
the global mega trend of virtual currency adoption. Our signature
product coincurve.com enables a simple, safe way to buy and spend
Bitcoin and Bitcoin Cash. To learn more, visit
www.interlapse.com.
Interlapse Technologies Corp. currently has 25,258,977 shares
outstanding (27,908,977 fully diluted).
Neither TSX-V nor its Regulation Services Provider (as that term
is defined in the policies of the TSX-V) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Information
Statements
contained in this release that are not historical facts are
forward-looking statements that involve various risks and
uncertainty affecting the business of Interlapse. In making
the forward-looking statements, Interlapse has applied certain
assumptions that are based on information available, including
Interlapse's strategic plan for the near and mid-term. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Interlapse
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
SOURCE Interlapse Technologies Corp.