LAS VEGAS, NV / ACCESSWIRE / December 15, 2017 / South American Gold Corp. (OTC PINK: SAGD) announced today that it has secured a development partner for the launch and distribution of the virtual currency, PotPons.
David Reeves, SAGD CEO, stated, "After much time and effort entertaining and considering different partnering opportunities, we are proud to announce that we have chosen to partner with Favored, Inc. (FVRD) for the market entry of PotPons virtual currency. Favored Inc.'s wholly-owned subsidiary, Empire Mobile Studios, Inc., owns and developed www.Bittraderpro.com, which we will utilize to bring PotPons to the marketplace and make it available for broad exchange and utilization."
With the successful completion of this agreement, the company should be poised to have the PotPons virtual currency tradable by February 2018. Mr. Reeves continued, "Selecting the right market partner for this project was imperative to ensuring the launch success of the coin in market. We wanted to ensure we could achieve our short-term goals which will create the backbone of our structure for our long-term vision. We feel confident that Favored, Inc. is the right partner for us in developing a market for the coin as well as helping us develop and expand the customer base and marketplace."
The PotPons virtual currency, which is peer-to-peer tradable, will have "in-app" functionality in the PotPons Merchant Services System and Consumer App.
PotPons virtual currency was developed on the Ethereum blockchain technology following the ERC-20 standards. As the launch of PotPons enters the market, the company will begin the process of adding the open-source to GitHub, allowing for PotPons to access to multiple cryptocurrency exchanges for P2P and providing a transparent view of the virtual currency.
Mr. Reeves concluded, "This is a great time for our company and our shareholders. This partnership will provide us with the ability to bring the ambitious idea of PotPons Merchant Services System to market. The power of two public companies working together for the purpose of achieving one main goal will produce one great process for market entry."
PotPons, the virtual currency, and PotPons Merchant Services System will be marketed and operated by the SAGD subsidiary, PotPons, Inc.
About South American Gold Corp:
South American Gold Corp is a publicly traded company on the OTC under the symbol SAGD, focused on enhancing shareholder value by acquiring and operating undervalued assets.
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SOURCE: South American Gold Corp.