PHILADELPHIA, Dec. 18, 2017 /PRNewswire/ -- Integrated Ventures, Inc. (OTCQB: INTV) today announced it has launched "CryptoFunder," a financial blockchain platform which acts like a decentralized and encrypted lending ledger that offers a secure, efficient, verifiable and permanent way of storing records and other lending information. These protocols are the backbone of numerous digital currencies that are being mined by the Company, including Bitcoin, Ethereum and Litecoin.
The CryptoFunder blockchain will be focused on qualifying, initiating, underwriting and processing funding transactions, including tracking of digitally mined assets and using them as main mode of payment for business loans, lending contracts and convertible debt notes.
The CryptoFunder is the world's first cryptocurrency collaterized lending platform that offers businesses, particularly publicly traded companies, an access to the potentially non-dilutive funding structure, accounting and audit system, all powered by a flexible and transparent ledger that is recorded securely on a blockchain.
"The CryptoFunder is our initial entry into blockchain space, at a time that Bitcoin and other digital currencies are gaining increased market attention and adoption," said Steve Rubakh, CEO of Integrated Ventures, Inc.
He adds the following: "Our recently launched mining operations are set to generate mining and sales revenues, in access of $120,000 (unaudited results), only in 40 days of operations. This cash flow will allow the Company to develop this disruptive technology as well to accumulate multi-coin inventory. We plan on leveraging our cryptocurrency mining operations with goal to become an established player in the blockchain technologies. The CryptoFunder lending platform is a prime example of how blockchain-based technologies can be leveraged to disrupt established industries. We believe that this launch will give Integrated Ventures significant opportunities to potential joint ventures with software development groups, designed to facilitate and support our blockchain initiatives. The Company is in discussions with multiple lending partners with the plan to commence a beta test which consists of a funding round."
About Integrated Ventures, Inc.: The Company is focused on acquiring, launching and operating companies in the cryptocurrency sector, mainly in digital currency mining, an equipment manufacturing, sales of branded mining rigs as well as blockchain software development.
- For more details, please visit www.integratedventuresinc.com.
About BitcoLab: This majority owned subsidiary is pursuing opportunities in cryptocurrency sector with focus on bitcoin mining, hosting, pooling, manufacturing and distributing of own brand of mining equipment and the development of blockchain based applications for financial markets.
- For more details about BitcoLab, Inc, please visit www.bitcolab.io.
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
SOURCE Integrated Ventures, Inc.