BitMinutes Teams With Randy Avon to Develop Joint Ventures in Latin America and Asia
BitMinutes has forged an agreement with Public-Private Partnership Specialist Randy Avon and his Asian Pacific Development Corporation to expand joint venture distribution and financial service partnerships in the Latin America and Asia financial services marketplaces.
ATLANTA, April 23, 2018 (Newswire.com) - BitMinutes has forged an agreement with Public-Private Partnership Specialist Randy Avon and his Asian Pacific Development Corporation to expand joint venture distribution and financial service partnerships in the Latin America and Asia financial services marketplaces. These partnerships are focused on fulfilling the BitMinutes mission of leveraging FinTech innovations to drive down the cost of financial service delivery and bring reliable financial tools to two billion more people globally.
“My organization and I are quite attracted to the potential of truly cracking the nut of delivering good, affordable financial services to people who have long needed them,” said Avon. “Technology is fast breaking down cost barriers that prevent small transactions from being profitable to deliver in scattered, less developed communities.”
My organization and I are attracted to the potential of truly cracking the nut of delivering good, affordable financial services to people who have long needed them. Technology is fast breaking down cost barriers that prevent small transactions from being profitable to deliver in scattered, less developed communities.
Randy Avon, CEO and Managing Director of Asian Pacific Development Corp.
“Also, the ability to track credit through the ownership and management of prepaid airtime minutes through a mobile phone wallet, and build a credit history on that track record, is a real breakthrough innovation,” added Avon.
“Blockchain and tokenization make this technological and societal breakthrough possible,” said Tom Meredith, CEO of BitMinutes. “Without these advances, delivery of financial services to these distant, poorly served communities could not happen without a subsidy from governments and NGOs, which has been the ‘fix’ in past initiatives. That proved unsustainable.”
“Driving the cost down to make the actual service profitable, whether money transfer, a savings account or a micro-loan to start a business, is the only path to sustained financial inclusion,” added Avon. “That is why we joined this mission and will be connecting BitMinutes and its solutions to financial and distribution partners across Latin America and Asia. We will get the word out!”
“Distribution partners are key,” added Meredith. “Our team has been forging agreements with retail networks and financial service providers who can offer ‘corner bank’ services through existing corner shops and office space. With the infrastructure in the cloud, all we need is a smart person with a smartphone in any neighborhood who can be a Trusted Agent representing our services to his or her community.”
About Randy Avon and Asian Pacific Development Corp.
Randy Avon is the CEO and Managing Director of Asian Pacific Development Corp. He has led initiatives that funded over $22 billion in public-private partnerships in many fields of infrastructure. A former Florida State legislator, Randy has most recently worked with Heads of State in Mexico, Colombia, Panama, Chile, Uruguay, and Argentina to bring the world’s best technology companies (with funding) to these countries. He has had a heavy concentration on renewable energy, green waste to energy, and water solutions. Now, with BitMinutes, he sees the chance to bring needed FinTech innovations to these same deserving marketplaces to further break down the walls that keep people in a cycle of poverty.
About BitMinutes
BitMinutes LLC is a start-up fintech company, founded in the U.S., with a European subsidiary based in Vaduz, Lichtenstein. BitMinutes is a cryptocurrency backed by prepaid airtime minutes, a real asset already traded informally globally by billions of mobile phone owners. The BitMinutes tagline, “Better that BitCoin for Billions” reflects the fact that BitMinutes tokens allow peer-to-peer cash transactions to over 2 billion bank accounts in 70 countries and prepaid top-up to over 4 billion mobile accounts in over 200 countries. What is even more important, BitMinutes will facilitate the expansion of micro-credit and nano-credit lending in communities where lending is rare and too expensive for most individual borrowers. BitMinutes ownership by local consumers, and their transactional records, will establish a new type of consumer credit score for emerging market consumers who currently struggle with limited access to capital and a lack of traditional banking services.
Contact: Nona Perez, MVG for BitMinutes +1 646 205 7030, info@mvgmain.com
Source: BitMinutes
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