Newnote Financial Corp. (fka NWWTF)

[Brandy0815]

www.baystreet.ca/viewarticle.aspx?id=427824

VANCOUVER, BC / ACCESSWIRE / April 15, 2015 / Newnote Financial Corp. (the "Company"), (CSE: NEU; OTCQB: NWWTF; 1W4.F) is pleased to announce the Company has signed a strategic partnership with Rebit.ph of the Philippines to enable users a cost effective method of transferring funds to their respective countries.

In 2014, an expected US$436 Billion was remitted by migrants back to their families in the developing world. The cost of sending those remittances is estimated at US$47 billion.

Rebit.ph is a service of Satoshi Citadel Industries, a Philippine-based holdings company for Bitcoin-related ventures. The Philippines is the second largest recipient for remittances in Asia, with a total of US$26 billion transferred in 2013, of which $2 billion was from Canada alone.

Newnote and Rebit generate revenue by charging a small transaction fee, which is significantly less than the charges of conventional banks and money transfer agents, which charge hefty fees for international transactions.

Through the integration of Rebit's API and Newnote's Cointrader.net Bitcoin Exchange API, users of Cointrader will have the ability to send funds internationally starting with the Philippines. The process is simple once a client has registered for a Cointrader account and has deposited cash or Bitcoin. Users define how much money they wish to transfer, hit send, Bitcoin is then moved to Rebit's wallet in the Philippines, and the recipient is notified by text-message that the funds have arrived and have either been deposited into a bank account or picked up in person at the Makati office.

CEO & President of Newnote, Paul Dickson, reports: "This strategic partnership with Rebit marks the first of many opportunities Newnote will have in the coming months by fully monetizing our Cointrader.net API possibilities. We're pleased to be working with Rebit and looking forward to announcing service to other countries in the near future."