Surge Holdings, Inc. Subsidiary Enters Into Exclusive Blockchain FinTech License Agreement to Build Distribution Network
SURG announced that its wholly-owned subsidiary, Surge Blockchain, has licensed certain proprietary Blockchain Software as a Service (SaaS) on an exclusive basis from 52, LLC. The Software will enable Surge to build out a network of specialty markets, convenient stores and gas stations to process secure transactions, distribute telecom products and begin the process of integrating cryptocurrency.
"We intend to build out our network by licensing the Blockchain Software to municipalities, telecommunications carriers and utility companies seeking more accurate and secure revenue assurance, while facilitating their customers in making payments in a timelier and convenient manner at local neighborhood merchants”, said CEO Brian Cox.
Cox stated "Blending Fintech and Blockchain results in a more accurate and secure transaction. Because this platform is a recurring and high revenue module, we can cost-effectively build the footprint and framework for our nationwide network not only for our own telecom products, but additionally pursue our ultimate goal of cryptocurrency acceptance and distribution of the upcoming Surge Coin along with Bitcoin and Litecoin.”
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