CERRITOS, Calif., Dec. 18, 2017 /PRNewswire/ -- REGO Payment Architectures, Inc. (REGO) (OTCQB: RPMT) announced today a new Joint Venture partnership with Crowd Cart Inc. a company specializing in blockchain and cryptocurrencies. The new Joint Venture called ZOOM Payment Solutions will be located in Bentonville, Arkansas and specialize in mobile payment applications, blockchain solutions and cryptocurrencies purposely built for the retail sector.
David Knight, CEO of REGO, said, "I am excited at the opportunity of extending our Mobile Payments capability into blockchain and cryptocurrencies. Our Code Base, Patents and COPPA compliant Oink payments app for parents and children will be leveraged to develop new payment platforms, for new target markets, with retail focused cryptocurrencies. It extends our financial runway into new revenue streams and market opportunity."
Andy Ward, CTO of Crowd Cart, stated, "We are looking forward to working with David Knight and the Rego team. They have built a solid payments platform with modular and extendable code as well as securing powerful patents enabling COPPA compliance. Together we are able to build an effective and efficient ecosystem in the Payments, Blockchain and the Cryptocurrency space."
About Crowd Cart, Inc.
Crowd Cart was formed in 2013 and has become a leader in block chain development and cryptocurrency mining, transaction and storage. Crowd Cart comprises of the top crypto mining and block chain talent in the industry and is pleased to announce a joint venture with REGO Payments.
In this joint venture, Crowd Cart will develop specific cryptocurrencies for our clients and manage an ecosystem that revolves around the highest levels of security and standards in the industry. Crowd Cart will work directly with REGO and our clients to manage Initial Coin Offerings (ICO's), mine the cryptocurrency, develop the payments infrastructure and handle digital exchange.
This joint venture will show best in class customer and consumer service with the most secure networks available.
About REGO Payment Architectures, Inc. (REGO)
REGO Payment Architectures, Inc. is a payments and e-commerce solution that enables kids to manage and spend money within a parent-controlled environment with their branded technology called Oink. Oink delivers an online security mobile payment platform designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children's Online Privacy Protection Act ("COPPA") and similar international children's privacy laws. REGO enables the Under 18 audience to transact and socialize in a secure online environment guided by parental permission, oversight, and control. More details can be found at our recently launched website, www.oink.com. Please feel free to sign up and be first in line for the App when it launches in January. The company is based in Cerritos, CA.
SOURCE REGO Payment Architectures