Agoracom Blog

ZeUPay: Groundbreaking P2P Payment Provider & #Crypto to Fiat Gateway – $ZEU.ca Technologies $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:26 AM on Monday, January 18th, 2021
  • Completed its exhaustive due diligence review and corporate integration documentation and expects delivery of final legal opinions in relation to the proposed acquisition of Prego International Group AS.
  • ZeUPay will be fully integrated into the Mula ecosystem.
  • Users of ZeU and the Mula platform native function and applications, as well as users of third-party developed applications, will be able to use its Crypto to Fiat gateway functionalities.

Montréal – January 17, 2021 – ZeU Technologies Inc. (CSE:ZEU) (CNSX:ZEU.CN) is pleased to announce that it has completed its exhaustive due diligence review and corporate integration documentation and expects delivery of final legal opinions in relation to the proposed acquisition of Prego International Group AS.

Management of both companies plan to sign the final acquisition documents later this week. It is expected that all regulatory review should be completed on or around February 5,  2021.  At that point, all shares of Prego International would have been exchanged for convertible debentures of ZeUPay, a wholly owned subsidiary of ZeU Technologies and the target corporation.

Ronald Eriksen will join the board of directors of ZeU Technologies at closing.

ZeUPay will be fully integrated into the Mula ecosystem. Users of ZeU and the Mula platform native function and applications, as well as users of third-party developed applications, will be able to use its Crypto to Fiat gateway functionalities.  All current account holders of Prego, including Pay2Go card holders, will be seamlessly migrated to a Mula digital wallet that will allow them to send or receive money, lend to the ecosystem, earn income and interest, and structure transactions. ZeUPay’s utility token will be hot-swappable with a range of other tokens, including the MulaPay stable utility token.

Source: https://agoracom.com/ir/ZeUTechnologies/forums/discussion/topics/753243-zeupay-groundbreaking-p2p-payment-provider-crypto-to-fiat-gateway/messages/2298541#message

Tags: , , , , ,

Comments are closed.