Newnote Financial and Ackroo Form Strategic Partnership to Develop Integrated Bitcoin, Gift Card & Loyalty Payment Solution for Retail Merchants in Canada
Newnote Financial Corp. (the “Company”), (CSE: NEU; FSE: 1W4) is pleased to announce that it has entered into a strategic partnership with Ackroo Inc. (CSE: AKR), a loyalty and rewards technology and services provider. The companies will pool resources to develop integration of Newnote’s crypto-currency technology with Ackroo’s gift card, loyalty and rewards solution which will offer another payment option to Ackroo’s growing network of over 800 merchant locations across Canada.
Ackroo provides gift card and loyalty solutions into the $145 billion North American gift card and loyalty market. Their solutions enable businesses, merchants and business networks to increase profitability and build long-term customer relationships through customized gift card and loyalty programs. Ackroo’s web-based solutions provide the power of a massively scalable software platform in a lightweight online tool that works with existing point-of-sale equipment, making it easy and affordable for businesses to launch gift card & loyalty programs that deliver immediate return on investment.
The Newnote software development team will build out API’s to connect to Ackroo’s point-of-sale software solution to allow the ability for any merchant across the Ackroo network to offer consumers the ability to purchase products using Bitcoin as well as purchase Bitcoin itself from participating vendors.
Paul Dickson, CEO of Newnote states:
“We are very excited to be working with Ackroo on this new and innovative initiative. This partnership follows perfectly in line with our strategy to develop more integrated ways for consumers to use and purchase crypto-currencies.”
Steve Levely, CEO of Ackroo states:
“Differentiation is key to our success as a company. The addition of adding Newnote’s Bitcoin currency technology to our platform really helps further separate us from our competitors. Consumers will soon have the opportunity to process payment with us via gift card, loyalty, promotional credits and Bitcoin. This is a very powerful combination of options that will drive revenue, profitability and retention for our merchants while providing flexibility for their consumers.”
Ackroo gift cards: http://ackroo.com/gift-cards/
About Newnote Financial Corp.
Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this burgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders.
For further information about Newnote Financial Corp. please visit: http://www.newnote.com/
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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