BIG Blockchain Intelligence Group Enters Into Agreement With Crypto Financial Services Provider Coinme, Inc. to Provide Cryptocurrency Transaction Risk-Scoring Via BitRank Verification ServicesTMApril 23, 2018
Vancouver, Canada – BIG Blockchain Intelligence Group Inc. – April 23, 2018 – (CSE: BIGG)(OTC: BBKCF)(WKN: A2JSKG)(“BIG” or the “Company”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce it has signed a BitRank Verification Services™ purchaser agreement with Coinme, Inc. (“Coinme”). Located in the United States, Coinme has locations servicing California, Colorado, Kansas, Louisiana, New Mexico, Texas, Utah and Washington State. Coinme’s mission is to humanize the power of blockchain technology by providing the most accessible, secure and user-friendly solution for exchanging cryptocurrencies around the world. Under the agreement, BIG will receive a fee on addresses checked by Coinme that will utilize BIG’s proprietary cryptocurrency risk-scoring and verification product, BitRank Verified™.
Coinme became the first licensed Bitcoin ATM operator in the US, and now processes millions of dollars (USD) in transactions each month. The company’s vertically integrated network of cryptocurrency ATMs, digital wallet, exchange, OTC and investment services provide their customers with a variety of ways to gain access to virtual currency.
With BIG’s proprietary BitRank Verified™ technology integrated into Coinme’s platform, the goal is to reduce the risks associated with adopting and using cryptocurrencies. BitRank Verified™ will:
- support Coinme’s efforts to comply with AML (Anti-Money Laundering) standards
- deliver transparency regarding the source and legitimacy of transactions
- provide Coinme’s users with confidence that transactions are not involved with or implicated in criminal activities
“This agreement contributes to establishing BitRank Verified™ as the industry standard in ranking and verifying cryptocurrency transactions,” said BIG CEO, Lance Morginn. “Our vision from the start for BitRank™ was to enable people and companies around the world to feel confident when using cryptocurrencies, so needless to say, we’re encouraged to be seeing significant and growing demand for our BitRank Verified™ service. And today’s agreement with Bitcoin ATM provider Coinme is yet another great addition to our roster of clients. This is nothing less than a validation of our product’s value in the eyes of the marketplace.”
Coinme’s CEO, Neil Bergquist, commented: “We are very excited to be employing BitRank Verified™ in our platform moving forward. Consumers are demanding solutions to eliminate the risk associated with cryptocurrencies, and we believe that integrating this service into our products will offer a greater level of confidence and security to our clients. Furthermore, the addition of BitRank Verified™ will help us mitigate our own risks and meet regulatory requirements.”
On behalf of the Board,
Chief Executive Officer
About BitRank Verified™
BIG developed BitRank Verified™ to offer the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know
whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified™ is custom tailored to provide the FinTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities. BIG’s goals are to bring trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies by bridging the gap between users and global standards set by regulators.
Coinme is a venture-backed crypto financial services and blockchain technology company that is dedicated to helping the world gain access to virtual currency. In 2014, Coinme became the first licensed Bitcoin ATM operator in the U.S. and now processes millions of dollars (USD) in transactions each month. The company’s vertically integrated network of crypto ATMs, digital wallet, OTC and exchange services provide customers the opportunity to join this financial revolution. As a licensed financial services provider, Coinme is well-positioned to lead the way. For more information, visit coinme.com.
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (“BIG”), has developed from the ground up a Blockchain agnostic search and analytics engine, QLUE™, allowing RegTech, law enforcement & government agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified™, offers a “risk score” for Bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.
Investor Relations – United States
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
P: (212) 896-1254
Investor Relations – Canada
Skanderbeg Capital Advisors
P: (604) 687-7130
BIG Investor Relations
email: [email protected]
P: (778) 819-8705
For more information and to register to BIG’s mailing list, please visit our website at www.blockchaingroup.io. Follow @blocksearch on Twitter. Or visit SEDAR at www.sedar.com.
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 BIG. 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 BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’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, BIG 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, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.