JAKARTA, Indonesia, October 23, 2017 /PRNewswire/ --
KinerjaPay Corp., (OTCQB: KPAY), a digital payment and eCommerce platform ("KinerjaPay") announced today the expansion of its Gift Card Center to allow international customers to purchase popular gift cards by accepting the Bitcoin currency for transactions conducted on its proprietary KinerjaPay platform.
Bitcoin is a digital currency created in 2009 that offers the promise of lower transaction fees than traditional online payment services and is operated by a decentralized authority, unlike government-issued currencies. Bitcoin's market capitalization - the total number of coins in circulation multiplied by the price - has reached US$73.5 billion in 2016, a record high, according to a Coinmarketcap data published report. A joint report from ARK Invest and Coinbase estimates that more than 10 million people world-wide hold and use a material amount of bitcoin currency.
Edwin Ng, Chairman and CEO of KinerjaPay Corp. stated, "We are now offering Bitcoin owners the opportunity to use the digital currency on our established eCommerce platform. For example, people in China, India, Europe, U.S. or anywhere can use their Bitcoin to buy an Amazon Gift Card from KinerjaPay (http://bit.ly/kgiftcard) and then use the Gift Card on Amazon at any time. As an eCommerce platform, our Gift Card Center can serve as a digital voucher for many popular brands in international commerce and evidences KinerjaPay's evolving and innovative means to meet the demand in the growing eCommerce market."
Our gift cards, which are offered and sold in amounts ranging from $10 to $100 and are delivered to our customers electronically via email, enable our customers to make purchases using KinerjaPay's eCommerce market. KinerjaPay will receive an average margin ranging from 5% and 8%. Mr. Ng further stated that "by offering this service, KinerjaPay has become a virtual global distribution center allowing Bitcoin customers world-wide to buy anything on an eCommerce platform. I am confident that our international customers will take advantage of this service thus adding more revenue stream to KinerjaPay."
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at http://www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.
SOURCE KinerjaPay Corp.