SurgePays, Inc. Blockchain Update Enables Bitcoin Purchases at Corner Stores
December 21, 2021 at 07:01 pm IST
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SurgePays, Inc., has completed the initial development on the newest version of its software platform which enables a store owner to sell certain cryptocurrencies to customers with or without a bank account or credit card at local convenience and neighborhood stores which are part of the Companys 8,000-plus retail store network. SurgePays is a highly innovative fintech company providing a complete suite of financial services and prepaid products to its rapidly growing base of retail c-stores. The Company plans to release the update in January 2022 and enable stores on its network to offer cash sales of Bitcoin, Ethereum and Dogecoin without using an ATM or other costly and space consuming equipment. Customers will receive receipts with simple instructions how to load purchased coins into their own digital wallet of choice. The SurgePays blockchain platform already performs more than 20,000 secure daily transactions of underbanked financial services. SurgePays new feature will allow the store clerk to facilitate the purchase of between $50 to $1,499 of cryptocurrency. This cryptocurrency service represents a powerful expansion of the SurgePays fintech suite of products, providing a competitive advantage catalyst to its recently announced expansion plan utilizing a national sales team.
SurgePays, Inc. is a technology and telecommunications company, which is focused on the underbanked and underserved communities. The Company provides mobile broadband to low-income consumers nationwide. Its segments include Mobile Virtual Network Operators, Comprehensive Platform Services and Lead Generation. Mobile Virtual Network Operators segment provides mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through its subsidiaries, SurgePhone Wireless, LLC and Torch Wireless, LLC. Comprehensive Platform Services segment provides financial technology and a wireless top-up platform to independently owned convenience stores throughout the country via its subsidiaries, SurgePays Fintech, ECS Prepaid, LLC, Electronic Check Services, Inc. and Central States Legal Services, Inc. Lead Generation segment provides lead generation and case management solutions, primarily to the law firms in the mass tort industry.