Alternet Systems, Inc. (OTCQB: ALYI) is an enterprise accelerator company focused on the high growth, emerging technology fields of mobile payments and digital currency. Through its subsidiaries, the company is leveraging the extraordinary growth opportunities surrounding the explosion of newly adapted internet technologies and platforms to promote maximized returns for its shareholders.
In recent months, Alternet has placed much of its attention on the burgeoning digital currency market. In October, the company partnered with Wildcard Consulting, Inc. to launch the first U.S.-based bitcoin debit card. Designed to operate in full compliance with federal banking guidelines, this new product allows vendors to do business with consumers spending digital currencies while being paid accurately and securely in U.S. dollars or any other currency.
“Access to digital currency via a debit or credit card is a key step in the evolution of bitcoin and its integration with fiat currencies such as the U.S. dollar,” Henryk Dabrowski, chief executive officer of Alternet, stated in a news release. “We believe the time has come for holders of bitcoin to be able to exchange their digital currency for other assets seamlessly.”
In an effort to expand upon the seamlessness of digital currency payments, Alternet, through its Alternet Payment Solutions (APS) subsidiary, secured a strategic agreement with BitPay, the world leader in business solutions for the bitcoin digital currency industry. Through this agreement, the company is able to provide business to business payment methods through the conversion of fiat currency to digital currency in North America, South America and Asia. This partnership should continue to provide Alternet with a strong platform to build upon its recent growth moving forward.
The company is making additional progress on the digital currency front through the continued development of wholly-owned subsidiary OneMarket. When complete, OneMarket will become a fully-functioning digital currency exchange, offering an entire suite of financial and payment products targeting the growing digital currency market. In the coming months, Alternet will continue to aggressively pursue the highly anticipated New York State BitLicense, which will be necessary to facilitate the company’s global exchange strategy.
“It is our intent to continue pursuing a strategy of cooperation with regulators so that when we are granted permission we have put all the necessary building blocks in place to take the maximum advantage of our ability to monetize,” continued Dabrowski.
For more information, visit www.alternetsystems.com
