Midpoint Launches CAD, USD and Euro Virtual Accounts
13 Diciembre 2021 - 10:22PM
Midpoint Holdings Ltd. (TSXV: MPT) (“
Midpoint” or
the “
Company”) is pleased to announce that the
Company will be launching Canadian dollars, U.S. Dollars and Euro
local virtual accounts in January 2022.
Midpoint multi-currency virtual accounts will
enable Midpoint clients to have locally domiciled currency accounts
in Canadian and U.S. dollars, Euros, and British pounds. Clients
will be able to send and receive these currencies locally in a
‘client named account’ and avoid paying any international transfer
fees. “Going forwards, Midpoint clients will be able to send and
receive local payments such as ACH/Fedwire, SEPA, FasterPayment,
and Interac, while still enjoying the Midpoint F.X. rate,” said
David Wong, Chairman of Midpoint.
Separately the Company has accepted the
resignation of Mr. John D’Agostino from its Board of Directors,
where he served as an unpaid independent director having been
nominated and appointed by shareholders. His experience and
contribution to the Company was crucial and the Company thanks him
for his service. He noted: “The Company is now in its best position
and footing since its founding, and I feel it is the right time for
me to step down to focus on my other ventures.”
About Midpoint
Headquartered in London, UK, Midpoint is an FCA
authorized payments institutions specializing in cross-border
payments and foreign exchange. SMEs, overseas professionals,
property owners, foreign students, individuals, and anyone involved
in international payments use Midpoint for transparent,
multi-party, multi-currency services. Midpoint currently handles
transactions in 27 currencies with the ability to collect and
transfer across over 200 countries. This highly secure platform
provides customers with the most cost-effective F.X. at the
midpoint of the interbank buy/sell rate, therefore removing the
spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX
Venture Exchange and cross-listed on the Frankfurt Stock
Exchange.
For information on Midpoint, please visit:
https://www.midpoint.com.
For further information please
contact:
Corbin Comishin, CFO |
David Wong, Chairman |
Midpoint Holdings
Limited, |
22-25 Portman Close,
Marylebone, |
505 Kootenay Street,
Nelson, |
London W1H 6BS, United
Kingdom |
British Columbia V1L 1K9,
Canada |
Tel: 0044 20 7448 3082 |
Tel: 001 250 352 7667 |
Email: info@midpoint.com |
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defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release and has neither approved nor
disapproved of the contents of this news release.
Forward-looking information
This news release contains certain
“forward-looking information” within the meaning of applicable
securities law. Forward looking information is frequently
characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate”, “may”, “will”,
“would”, “potential”, “proposed” and other similar words, or
statements that certain events or conditions “may” or “will” occur.
These statements are only predictions. Forward-looking information
is based on the opinions and estimates of management at the date
the information is provided, and is subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected in the
forward-looking information. For a description of the risks and
uncertainties facing Midpoint and its business and affairs, readers
should refer to Midpoint’s Management’s Discussion and Analysis.
Midpoint undertakes no obligation to update forward-looking
information if circumstances or management’s estimates or opinions
should change, unless required by law. The reader is cautioned not
to place undue reliance on forward-looking information.
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