TORONTO, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to provide a corporate market update regarding its POS Cryptocurrency platform.



Operating under the brand name of Selectcoin, the Company has been engaged in the technical integration of its POS Cryptocurrency solution over the past 60 days and is pleased to announce that the website that will facilitate the activations of consumers accounts and link Cryptocurrency wallets to the Selectcoin closed loop cards has been developed and will be activated a few days before the announcement of our first physical locations.

The closed loop Selectcoin card will be going into production in the coming days and we anticipate to launch and announce the physical Cryptocurrency locations that will participate in the soft launch of the solution shortly.

Our disruptive solution will allow consumers to easily purchase and sell their Cryptocurrencies through our closed loop POS and Cryptocurrency card platform. We will be updating the market as new locations and or strategic retail partners join our ecosystem.

Below is our newly designed Cryptocurrency closed loop card:

http://www.globenewswire.com/NewsRoom/AttachmentNg/7e609b85-f428-4efe-b43f-63cd5e1b5fb7

“We believe that the tremendous upswing in Bitcoin prices and the added media exposure that Cryptocurrencies are receiving are creating the perfect environment that is pushing Cryptocurrencies to a ubiquitous state where the masses can start to take an interest in the facilitation and investment of Cryptocurrencies,” states Mohammad Abuleil, CEO and President.

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Fintech select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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FOR FURTHER INFORMATION PLEASE CONTACT:

David Vinokurov

Investor Relations

dvinokurov@fintechselect.com

416-716-9281