Lehi, UTAH, May 13, 2019 (GLOBE NEWSWIRE) -- Appliqate (APQT), a Wyoming Corporation, announces the dual launch of its Compchain blockchain and it’s Crypto-wallet Acquisition Program (CAP).

Compchain is a global payment system blockchain which provides an accurate, transparent global payment solution. In addition, Compchain creates a space for entrepreneurs, influencers, business owners, enterprise and others to store, record, and build their network (customers, clients, database, affiliates, representatives and citizens) in an immutable, permanent way. Compchain makes cross-border payments instant and transparent. Compchain was originally designed to streamline payments for companies with globally-dispersed sales forces. However, Compchain is now being applied to a number of different payment systems, be they, business to customers, business to employee, peer to peer, or government to citizen, etc. Compchain members can also receive rewards in the Compcoin cryptocurrency.

Crypto - Wallets Acquisition Program(CAP): A crypto wallet is a piece of software that enables you to send and receive cryptocurrencies such as Bitcoin and Compcoin. CAP represents a tremendous opportunity as crypto-enabled digital wallets become everyone's future bank accounts. Appliqate relies on its Compchain Affiliates network to recruit wallet users for major financial institutions and earns a fee for each new wallet user. Approximately 2 billion people worldwide and roughly 59% of adults in the developing world do not have a bank account. Yet interestingly a large number of these unbanked people possess a cell phone, providing them with the means to keep a digital wallet to store cryptocurrencies. Once a digital wallet is in place, blockchain transactions allow for the transfer of Bitcoin, Compcoin and other cryptocurrencies in a peer-to-peer fashion, without any intermediaries’ involvement. The use of blockchain technology in the financial sector has been identified by many as the leading solution to reduce poverty by democratizing access to the economy.

Darren Olayan CEO of Appliqate stated “The future of cryptocurrency wallets is exciting because it is evolving faster than ever and gaining main-stream adoption. Wallets will soon affect buyer habits globally and in turn, offer new opportunities in credit and banking for the ‘un-banked’.”

For anyone interested in joining Compchain please use the Link below.

( https://compchain.io/?inv=FACTHBTLJU )

Forward-Looking Statements:This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Reports on Form 8-K and the Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Una Taylor

President

385-429-2702

Una@appliqate.com

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