Alternate Health launches 'Zi App' - the Latest Innovation in Fixed-Exchange Blockchain Merchant Gateways
2018年4月18日 - 10:49PM
InvestorsHub NewsWire
San Antonio, TX --
April 18, 2018 -- InvestorsHub NewsWire -- Alternate Health
Corp ("Alternate Health" or the "Company") (CSE:AHG) (OTCQB:AHGIF), an international
leader in software solutions for the medical cannabis industry,
today announced the launch of Zi App, an innovative mobile wallet
payment processing solution built on proprietary blockchain and
smart contract technology.
"Zi App is a game changer in the
FinTech industry," says Dr. Michael Murphy, Chairman and CEO
of Alternate Health. "By integrating Alternate Health's mobile
payment engine and digital e-wallet with a state-of-the-art
blockchain platform, we have created a groundbreaking alternative
to high-priced merchant transaction processing—perfectly suited to
any and all high-risk industries, including legal
cannabis."
Benefits of the Zi App
Blockchain Payment System:
- Low Cost
Transactions: Zi App uses fixed-price, utility tokens
to facilitate all transactions and offer merchant payment
processing services at a much lower cost than traditional banks or
payment service providers.
- Consumer Protection
Compliance: Unlike cryptocurrencies, Zi App allows
for chargebacks and reversals, which is a key feature for high-risk
industries like online retailers, who are required to offer these
services to comply with consumer protections laws.
- Dispute
Protection: Zi App tracks all transaction data on a
blockchain ledger, creating an immutable and secure record of
transactions, with smart contracts that automatically initiate
transactions when the terms of a digital agreement are
met.
- Market
Versatility: In addition to being an ideal fit for
legal cannabis transactions, Zi App is an optimal solution for any
high-risk industry, ranging from payday loans and network marketing
to dating services and online gaming.
How Zi App
Works:
The Zi App platform delivers
payment processing services through a comprehensive, direct-to-bank
merchant transaction system. For every transaction, a receipt is
generated on the platform's blockchain distributed ledger, ensuring
full security and transparency.
Alternate Health has developed Zi
App as a 50/50 partnership with leading blockchain developer
Support Your Buds LLC ("SYB"). Based on Alternate Health's
payment engine and Support Your Buds LLC's proprietary smart
contract and blockchain ledger technology, the Zi App system is
powered by the Zi Utility Token. Unlike cryptocurrencies, Zi's have
a fixed 1:1 value to U.S. dollars, protecting the system from the
instability and speculation of digital assets like
Bitcoin.
"We expect the legal cannabis
companies along with other high-risk industries, to embrace Zi App
as their preferred payment processing solution," says Jim
Griffiths, Company Director and Sr. VP Finance, "This is
revolutionary, disruptive technology and we have already
established merchant partners who are eager to begin pilot testing
a system that we believe will reinvent the rules of modern
merchandising."
SYB is 75% controlled by a
shareholder of the Company that owns directly and indirectly,
approximately 12% of Alternate Health's outstanding shares.
Additionally, Dr. Murphy, Chairman and CEO of Alternate Health is a
20% shareholder of SYB. The specific terms of the 50/50 partnership
arrangement between Alternate Health and SYB are not yet finalized,
but Dr. Murphy has disclosed his SYB shareholding to the Company
and abstained from discussions and negotiations between the Company
and SYB in relation to the Zi App.
About Alternate
Health
Alternate Health
Corp. (CSE: AHG, OTCQB: AHGIF) Alternate Health
has established multiple arms-length operations within the medical
cannabis industry, each of which drives consumers, data and
strategic opportunities to the company's other verticals. This
sophisticated cross-integration of the company's enterprises has
positioned Alternate Health as one of the only cannabis companies
that delivers consistent revenue and intellectual property without
growing, manufacturing or distributing the cannabis plant. Through
its software solutions, data analytics, and patented delivery
systems, Alternate Health's goal is to be the global authority on
scientific and clinical support for cannabis in regulated markets.
Alternate Health is well positioned to reinvest internal operating
cash flow in its platform over the long term, creating an
attractive investment profile for its shareholders.
Alternate Health resides in the
cannabis sector along with companies like GW Pharmaceuticals, AXIM
Biotechnologies Inc., Canopy Growth Corporation, and Aphria Inc.
Alternate Health is differentiated from other cannabis companies by
its focus on ancillary services for patients, healthcare
professionals and regulatory providers rather than selling a
commodity. For more information about Alternate Health Corp.,
visit www.alternatehealth.ca.
About Support Your Buds
LLC
Support Your Buds LLC is a leader
in developing blockchain software solutions customized to the
business needs of its clients. With an initial industry focus on
finance and healthcare, Support Your Buds LLC uses its proprietary
blockchain and smart contract platforms to build dynamic solutions
that drive efficiencies in any market.
Neither the CSE nor its
Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release. Statements included in this announcement,
including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to
be, and are hereby identified as "forward-looking statements".
Forward-looking statements may be identified by words including
"anticipates", "believes", "intends", "estimates", "expects" and
similar expressions. The Company cautions readers that
forward-looking statements, including without limitation those
relating to the Company's future operations, business prospects and
financing plans, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward looking statements.
Alternate Health (CSE:AHG)
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Alternate Health (CSE:AHG)
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から 12 2023 まで 12 2024