WPCS Provides Shareholders With Update on BTX Trader and Launch of New Digital Currency Product
WPCS International Incorporated (NASDAQ: WPCS) (the "Company"), which specializes in contracting services for communications infrastructure and the development of a digital currency trading platform, today is providing shareholders with an update on its web and desktop multi-exchange Bitcoin trading platform, BTX Trader.
Additionally, the Company is announcing the launch of Celery, its new web-based cryptocurrency product committed to putting digital currency in the hands of ordinary consumers.
BTX Trader was acquired in December 2013 and had initially offered as a trading platform to enable Bitcoin traders and investors to access cryptocurrency market data as well as have the ability to execute orders from the top exchanges on a single application. Originally launched as beta on a downloadable desktop application in December 2013, today BTX Trader is accessible online with 5,000 users and over 1,500 unique visitors per month.
According to WPCS Interim CEO, Sebastian Giordano,
"The BTX Trader team has done an excellent job of launching its trading platform aimed at the Bitcoin trading community and establishing a brand in a short amount of time with limited resources and exposure. The launch of our second product, targeted to consumers, will not only allow us to enter the transactional world, but enable new product offerings through this cutting edge technology to bring additional revenue streams."
BTX Trader was created as a leverageable software product for the development, testing and launch of other valuable products within the digital currency industry. Today, BTX Trader is pleased to announce the launch of Celery, the simplest and fastest way for consumers to buy their first digital currency, initially focused on Bitcoin and Dogecoin. Celery is the only hosted online wallet with direct bank transfers on the market that offers access to multiple types of digital currency. Celery employs bank transfers and the most straightforward user experience on the market.
"Digital currency is more than a novelty," stated BTX Trader Chief Operating Officer, Ilya Subkhankulov.
"Major merchants, including Expedia and Newegg are validating the market by accepting Bitcoin as payment, while increasing regulatory clarity is giving more confidence in the stability and value of the technology. However, as the process of acquiring their first coins remains too complex, most consumers are excluded from this revolution. Bitcoin-mining computers are too expensive for most users, while acquiring coins from an exchange requires initiating wire transfers and can take up to five days. Celery keeps things simple by using friendly language, only asking for basic sign-up information and using direct bank funding, meaning customers can use their first coins from their new Celery wallet dashboard within just three to four days."
Mr. Subkhankulov added,
"In addition, we have recently engaged the services of Clarity PR for Public Relations and Social Media Marketing. The entire team at Clarity PR brings an extensive network and expertise within the digital currency industry needed to move our brand and technology forward. We look forward to reaching out to the digital currency community and sharing the value of our products and technology."
About Clarity PR
Founded in 2011, Clarity PR is a global tech Public Relations agency, with offices in London, New York and Berlin. Clarity PR specializes in taking fast-growing tech startups to the next level through strategic PR and social media campaigns. Clarity PR has built its reputation on a commitment to recruiting only experienced PR and social media professionals, and former journalists from the world's biggest media outlets. Clarity PR is now one of Europe's largest PR agencies dedicated to working with startups and has ambitious plans for continued international expansion in the future.
For more information about Clarity PR, please visit http://clarity.pr/
About WPCS International Incorporated
WPCS operates in two business segments including: (1) providing communications infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets worldwide; and (2) developing a Bitcoin trading platform.
For more information, please visit http://www.wpcs.com/ and http://www.btxtrader.com/
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
Related News
When WPCS International Incorporated (NASDAQ: WPSC) snapped up bitcoin platform developer BTX Trader last week there was cheering in cyberspace. After all, bitcoin had just made it to the big time and BTX Trader is now an indirectly listed NASDAQ company. But should we be cheering? The news was certainly good for WPCS shareholders; its stock jumped up quickly. Interim CEO, Sebastian Giordano stated that, "As one of the first publicly traded companies to make an early entrance into the bitcoin space, we believe this transactions consistent with ongoing efforts to provide the Company with an....
Engineering company WPCS International, Inc. has announced that one of their subsidiaries - BTX Trader, LLC - has been released a beta software for Windows PCs designed for power bitcoin traders. Available at btxtrader.com, the software acts as a trading client, and allows users to connect to bitcoin exchanges like Bitstamp, Mt. Gox, CampBX, and even BTC China. It comes with order book displays, candlestick charts, and all of the other charty goodness a trader would come to expect and rely on. "We encourage Bitcoin traders and others to download, install and try out the beta version of the....
Consumers looking to get their paws on bitcoin and dogecoin now have another option to consider. WPCS International, Inc. subsidiary BTX Trader has announced the launch of a new product called Celery, a web-based service similar to Coinbase and Circle Internet Financial. The service, which has set up shop at GoCelery.com, is available to consumers beginning today. The objective? Celery's mission is to grow digital currency usage beyond the first wave of sophisticated early financial adopters and encourage consumers to use digital currency - for spending with a burgeoning array of....
Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of the allegations, a spokesperson for the country’s police told the Sunday Times newspaper that Shezi has agreed to turn himself in. As reported by Bitcoin.com News, a warrant for Shezi’s arrest had been issued after two aggrieved investors reported the bitcoin trader to the South African police. Now, as he contemplates turning....
QwikBit will launch the Isle of Man's first bitcoin ATM today at a pub in the island's capital, Douglas. As Thirsty Pigeon customers can already buy food and beverages in exchange for bitcoin, the venue was "an obvious choice" to home the Lamassu machine, QuikBit said. Robert McAleer, the pub's owner, added that although he only began accepting the digital currency two weeks ago, bitcoin business is already booming: "more and more customers have come to the bar, looking to spend their bitcoins on a decent pint," he said. To celebrate the ATM launch, McAleer is offering a 10% discount on....