HENDERSON, NV / ACCESSWIRE / July 28, 2014 / Cafe Serendipity Inc., a wholly owned subsidiary Force Fuels Inc. (OTC PINK: FOFU) (PINKSHEETS: FOFU) (the "Company") is pleased to announce that it has developed a mobile app and a widget that will allow consumers of medical and recreational marijuana at stores to transact business by using Bitcoins. It is a seamless transaction that will allow the businesses to accept Bitcoins and convert that into US dollars to deposit to their business bank through our branded process.
Bitcoin is a crypto currency that uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is an open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Today there are hundreds of millions of dollars invested by venture capitalist and start-up companies that are focused on Bitcoin crypto currency.
The Wall Street Journal's Gregory Zuckerman reports that Andreessen Horowitz plans to invest "hundreds of millions" more dollars in Bitcoin related businesses on top of the $50 million they have already dropped mostly on Coinbase.
Today, many brick-and-mortar and e-commerce websites will accept Bitcoin. It enables consumers to pay for goods and services offline or online in the digital currency and it will become a common place whenever you square up at cash registers or online checkout. Bitcoin will be a payment option, you'll see it alongside Visa, MasterCard, PayPal, etc.
Some 60,000 online retailers and as many brick-and-mortar businesses already accept Bitcoin today and more and more get onboard every day. The cost to process is less than half for businesses making this technology. It is becoming very disruptive to all other card processors and exchange services.
Cafe Serendipity, Inc. has a patent pending process as the Company plans to market this solution under its proprietary brand Bit eXpress.
The issues that confront the legalized marijuana business are complex because the federal laws conflict with states rights laws that have legalized marijuana thereby leaving the businesses out of the banking system. Banks would be in violation of the federal banking laws by receiving deposits of marijuana sales.
Cafe Serendipity, Inc. also provides a licensed or franchised opportunity for medical and recreational marijuana retail stores by providing proprietary branding of its trademarks, point of sale and data systems, procurement, store design, financial services and real-estate acquisition selection as a part of its business model.
Additionally management would like note that the continuing movement of the states of Alaska and Oregon towards the legalization of both recreational and medical marijuana further underscores management’s belief the country wide pro-reform is on its way.
About Cafe Serendipity Inc.
Based in Henderson, Nevada: Cafe Serendipity Inc. is a builder of upscale turnkey franchises, technology and science to the recreational and medical marijuana industry. The company plans to market a unique product line of accessories, apparel, coffee and teas, bakery and other edibles, lotions, marijuana and oils through a coast to coast franchise and dealer network.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of High Performance Beverage Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Force Fuels Inc. ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Force Fuels Inc. filings with the Securities and Exchange Commission and/or the company's website.
SOURCE: Force Fuels Inc.