DMG Blockchain Solutions Inc (DMGGF)

[PotterBanker]

DMG Releases Walletscore API and Partners with SPIRIT Blockchain to Sell DMG Software in Europe

https://www.globenewswire.com/news-release/2019/03/15/1755288/0/en/DMG-Releases-Walletscore-API-and-Partners-with-SPIRIT-Blockchain-to-Sell-DMG-Software-in-Europe.html

Highlights:

DMG releases an API for Walletscore, enabling automated BTC wallet risk lookups. ETH is expected early Q2 2019

DMG has partnered with SPIRIT Blockchain, a Swiss-Canadian blockchain technology company, to market and sell DMG’s analytics software (Walletscore and Blockseer) for anti-money laundering and forensics

DMG chose SPIRIT as a reseller based on its expertise and extensive reach into the European financial services industry

DMG is now offering Walletscore as the industry’s most accessible way to assess the risk of transacting with another bitcoin wallet with a choice of manual input (no charge) or automated API calls

VANCOUVER, British Columbia, March 15, 2019 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain technology company, announced that it has released its API for Walletscore and has partnered with SPIRIT Blockchain Capital Inc. ("SPIRIT Blockchain") to sell DMG’s crypto analytics software for forensics and anti-money laundering (AML). SPIRIT Blockchain delivers blockchain technology and applications to enterprise and government clients, including blockchain transaction oversight and forensics. SPIRIT Blockchain intends to sell DMG’s Walletscore and Blockseer software products to leading financial institutions, government regulators, exchanges, law enforcement agencies, and service providers in Switzerland and throughout Europe.

DMG CEO Dan Reitzik stated, “The release of the Walletscore API enables exchanges, financial institutions, online casinos, and others to very quickly determine the AML risk of transacting with their existing and new customers. The timing of the release is ideal as Switzerland has been a global leader for nurturing cryptocurrency and blockchain technology, so it made sense to partner with a company that deeply understands the local market. SPIRIT Blockchain brings cryptocurrency expertise and more, as it also has deep relationships with the traditional financial services industry.”

SPIRIT Blockchain CEO, Erich Perroulaz stated, "We are excited to be working with DMG Blockchain Solutions. DMG develops and supports high-quality solutions in the digital asset and cryptocurrency industry with its Walletscore and Blockseer products. Through our partnership with DMG, we are able to provide European institutions, financial firms and merchants access to a variety of timely solutions. DMG products deliver AML, KYC, forensic tracking and data analytics capabilities, all of which bring further value to SPIRIT Blockchain’s portfolio and clients. These products have the potential to solve many KYC and AML issues as well as help law enforcement keep up with criminal activity.”

In addition, DMG announced that its AI-powered risk assessment tool, Walletscore, is now offered as the industry’s most accessible way to assess the risk of transacting with another wallet, available via either GUI or API, to combat money laundering and fraud. Simply enter a wallet address at www.dmgblockchain.com/walletscore and instantly receive a full graphical report of its risk rating (ranging from "Negligible Risk" to "Highest Risk") as well as a view of all of the nearby wallets with which it has transacted and their respective categories (e.g. "dark market", "mixer", "heist"). The graphical report is free, and API access is available as a subscription. This is available for BTC currently, and support for ETH is expected to be available in early Q2 2019.

DMG CTO, Danny Yang stated, “Walletscore applies the most advanced data science to unravel the Bitcoin blockchain. While Walletscore looks deceptively simple, under the hood is a powerful machine learning engine whose creation is the result of thousands of hours of development. Going forward, DMG intends to further push the state-of-the-art in data science along with adding new graph intelligence automation techniques that will enable it to quickly support many additional blockchains, including Ethereum, along with ERC-20 tokens.”

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About DMG Blockchain Solutions Inc.

DMG Blockchain Solutions Inc. is a diversified blockchain technology company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, with its Blockseer division located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting – Mining as a Service (MaaS), crypto mining, blockchain forensics/analytics, and blockchain platform development.

For more information on DMG Blockchain Solutions, please visit: www.dmgblockchain.com

On behalf of the Board of Directors,
Daniel Reitzik, CEO & Director
For further information, please contact:

DMG Blockchain Solutions Inc.

Investor Relations: John Martin
Toll Free: 1-888-702-0258
Email: [e-mail]
Web: www.dmgblockchain.com
Direct: 778-868-6470

About SPIRIT Blockchain Capital Inc.

SPIRIT Blockchain Capital Inc. is a Canadian-Swiss based Financial Services Company providing traditional investors exposure to Digital Assets and the Blockchain Ecosystem. The company operating with the primary goal of creating value through income streams and capital appreciation. The Company’s strategy provides exposure to this emerging asset class through a managed risk and value approach.

For more information on SPIRIT Blockchain, please visit: www.spiritblockchain.com