BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Signs Contract with European-based Virtual Currency Wallet Provider Valued at CAD ~$355,000
VANCOUVER, British Columbia, Nov. 12, 2019 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”)(CSE: BIGG; OTC:BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that a virtual currency wallet provider, located in Europe, has signed a 3 year contract for BitRank and QLUE™ valued at approximately CAD $355,000.
BIG’s transaction risk-scoring BitRank Verified® service enables our clients to:
- reduce the trading risk exposure related to cryptocurrencies;
- increase confidence in meeting regulatory compliance;
- stop the flow of coins tied to Dark Web activity;
- increase security through Anti-Money Laundering (AML) efforts;
- deliver transparency regarding the legitimacy of transactions;
- create a deterrence against criminal elements that may engage in illicit activity; and,
- provide assurance to their customers that measures are in place to strongly curtail illicit transactions or reduce the amount of illicit funds that could have otherwise transacted.
The client will also utilize BIG’s QLUE™ cryptocurrency investigation platform. When BitRank Verified® flags questionable or illegitimate transactions, QLUE™ (Qualitative Law Enforcement Unified Edge) is used to perform due diligence and blockchain security investigations at greater forensic depth by exploring where the related funds are coming from and the security profiles of the entities involved.
BIG president, Lance Morginn, commented, “On the back of our recent US Government agency contract, we are thrilled to welcome another client to our global customer list. The value of big data, which is at the heart of BitRank and QLUE, continues to be recognized by companies involved in the blockchain and crypto ecosystem for their safety and security. We look forward to providing more customer acquisition updates as our business and revenue stream expands.”
On behalf of the Board,
Lance Morginn
President & Director
[email protected]
T:+1.844.515.2646
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (gonetcoins.com).
Blockchain Intelligence Group (BIG) has developed a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified®, offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified® software at the heart of its platform and enables crypto transactions via retail locations globally, a self-serve crypto brokerage portal and an Over-The-Counter (OTC) trading desk.
BIGG Investor Relations
Renmark Financial Communications Inc.
Nathanael Niedermann: [email protected]
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
For more information and to register to BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR at www.sedar.com.
Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
