PHILADELPHIA, Jan. 18, 2018 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV) announced today that it has signed a software development agreement with ITBS LLC, a New York-based IT group, to create a new lending platform, LoanFunder, designed to connect private businesses and publicly traded companies with pre-qualified institutional lenders to originate loans, issue convertible debt note and to manage the entire lifecycle of a lending contract, consisting of initiating, qualifying, underwriting, funding, tracking and retiring the financial instrument.
Integrated Ventures intends to build on its current stronghold in crypto mining to help introduce digitally mined assets to the lending community and simplify their use as payment for loans, lending contracts and convertible notes.
LoanFunder is the world's first financial platform designed to integrate with decentralized and encrypted lending ledger, which offers a secure, efficient, verifiable and permanent way of storing lending information. Such protocols are the backbone of numerous digital currencies that are being mined by Integrated Ventures, including Bitcoin, Ethereum and Litecoin.
"We are very excited to collaborate with ITBS LLC on this project," said Steve Rubakh, CEO of Integrated Ventures. "We envision expanding this relationship further, which includes marketing LoanFunder worldwide. We are confident that ITBS's expertise will significantly accelerate our software and website development and assist with the commercial rollout of LoanFunder."
ITBS has deep experience in developing high-level API solutions for connecting to the Ethereum blockchain. The group is also developing MoneyToken, a blockchain-based lending platform for individuals.
About Integrated Ventures Inc: Integrated Ventures is focused on acquiring, launching and operating companies in the cryptocurrency sector ("BitcoLab"), mainly in digital currency mining, equipment manufacturing, sales of branded mining rigs ("Nemesis") and blockchain software development ("LoanFunder"). For more details, please visit www.integratedventuresinc.com.
About ITBS LLC: ITBS is a New York-based IT group operating worldwide, an industry leader focused on cloud development, blockchain, cybersecurity, systems integration and automation. Its client list includes MoneyToken.Com, Bloomberg, Goldman Sachs, Prudential and ETS. For more details, please visit www.itbsllc.com.
About MoneyToken: MoneyToken is a blockchain-based lending platform aimed at cryptocurrency investors and miners. Using crypto assets as collateral, borrowers will be able to maintain their asset positions while receiving stable, spendable funding in return. For more details, please visit www.moneytoken.com.
***About Cryptocurrency Investments & Risks***
Integrated Ventures urges all current and potential investors to visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11, (2) NASAA website: http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/ and (3) FINRA website: https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scamsto understand the risks involved in cryptocurrency investing.
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.